Tag Archives: AUD/NZD
Asian Currencies Technicals
The 100-DMA capped again on Tuesday with the AUD/USD breaking and closing below the 21-DMA. The close below the 21-DMA sees bears take control and
Wheeler’s got bottle, kiwi can’t milk it
Graeme Wheeler will be the first G10 central banker to hike rates onWednesday, lifting New Zealand’s OCR 25bps to 2.75%. Domestic indicatorsshow a gradually strengthening economy and
Asian Currencies Technicals
The rally to fresh 2014 and 3 month highs last week saw AUD/USD close above the 100-DMA for the first time since late Nov on Thursday before pulling back from ahead of the 200-DMA on
Daily FX Wrap and Strategy
The NZD has maintained a fairly tight range over the past24-hours, sitting just below 0.8470 currently. The NZD/USD has traded without much of a heart-beat inthe absence of key data releases domestically or offshore.
As Much As It Takes
Everyone expects the Reserve Bank to start taking its footoff the OCR accelerator at Thursday’s Monetary PolicyStatement. “Soon” has arrived, and not before time.
Weekly Forex & Interest Rate Outlook
We remain biased towards further upside as we approach the start of the RBNZ’s tightening cycle.While a 25bp hike is fully priced, there is scope for a market reaction if a fast start to
Weekly Commentary
Last week’s data largely supported our outlook for the NewZealand economy. New Zealand’s export commodity pricesrose to a new record, and the terms of trade edged up to seta fresh 40 year high.
Asian Currencies Technicals
The rally to fresh 2014 and 3 mth highs last week saw the AUD/USD close above the 100-DMA on Thursday before pulling back from ahead of the 200-DMA on Friday and
Daily FX Wrap and Strategy
The NZD declined along with most of its peers after the release of the US payrolls report on Friday night. It ended the week just above 0.8460.
FX: EUR not done yet
With ECB rather relaxed about EUR, the US payrolls so-so, the only hope for USD now is if bad news from China escalate…
Asian Currencies Technicals
AUD/USD has traded at fresh 2014 highs and the highest level since mid-Dec. Immediate focus is on a continuation higher that initially targets the key 200-DMA with a close above last seen in Apr 2013.
Daily FX Wrap and Strategy
The NZD has surged higher overnight, riding a wave of positive risk sentiment and benefitting from a positive AUD story.