Tag Archives: AUD/NZD
FX: don’t dream it’s over
USD is testing multi-month resistance, but needs to confirm the break yet. Lower global yields – key risk for EURUSD. But hopes that China won’t disappoint this week…
Weekly Commentary
Recent developments have allayed some of our concernsthat the private sector would respond to the economicupswing by going on an unproductive spending spree.
Asian Currencies Technicals
Since closing above the 21-DMA on May 6 the AUD/USD has continued to find support ahead of the 21-DMA on dips. Additional layers of support converge round the $0.9319 level today with bears looking for
Daily FX Wrap and Strategy
The NZD modestly underperformed on Friday night, toend the week at 0.8630.There was little on the domestic agenda to drive thecurrency on Friday.
BNP Paribas: FX View
The top ten views we originally outlined in our year-ahead publication last December remain in place. To review, our 2014 top ten were:
USD: Recovery Delayed, Not Dead
We retain conviction in our view that the US dollar recovery will gain traction as 2014 progresses and into 2015. At the same time, our mid-2014 forecasts for most G10 pairs now look to be a stretch.
Asian Currencies Technicals
AUD/USD continued to work its way towards the $0.9426-61 region on Wednesday but the pullback from the highs in NY is a little worrying.
Daily FX Wrap and Strategy
The NZD/USD was shunted around with the rest of themajors as markets responded to the US retail sales report. But overall, the currency is little changed,just 0.2% higher at 0.8630.
Asian Currencies Technicals
After making headway above the 21-DMA ($0.9322) the AUD/USD is pausing at the $0.9395 resistance level. Initial support is now noted at the $0.9348 May 9 low with bears needing a close below to ease the bullish pressure.
Australian Markets Weekly – Change to cash rate view – on hold for a long time
We have changed our changed our RBA cash rate forecast and no longer see them cutting again late in 2014. Reasons are 1) the economy has been better than we expected and
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Down this week Expected RBNZ behaviour plus the recent rebound in US sentiment should weigh on NZD/USD this week.
Asian Currencies Technicals
The $0.9319 support continued to hold this morning with the AUD/USD bouncing off $0.9349 low, while moves higher have been capped ahead of $0.9395.