Tag Archives: AUD/NZD
Forex Weekly Report
Low inflation is likely to persist longer Recently, the renewed optimism stemming from the burgeoning recovery in the Eurozone and
Asian Currencies Technicals
After having again failed to take out the key $0.9085 resistance level earlier this week the AUD/USD headed lower with the pair dipping below both the 21-DMA ($0.8960) and
The Global Macro Pulse
NZD started the day rallying to 0.83 as a stream of positive data and news hit markets. A weak capex survey, on the other hand, pushed AUD down to 0.892 although it has since retraced to 0.894.
€ takes a beating. USD/CAD higher. AUD/NZD down.
EUR/USD: With the break of 1.3708 the triangle scenario was abortedcalling for a slightly premature peak to have been set. Thefollowing violation of 1.3684 has further enhanced theprobability of a top been put in place.
Asian Currencies Technicals
After having again failed to take out the key $0.9085 resistance level the AUD/USD has headed lower once more with the 21 and 55-DMA’s in the sights.
Daily FX Wrap and Strategy
The NZD is weaker this morning, following positive US data released overnight. In the wake of that release, the NZD/USD fell by 0.6% and currently sits at 0.8290.
Asian Currencies Technicals
AUD/USD bounced from just short of the 21 and 55-DMA’s to start the new week after dipping into the $0.8910-53 support region. The $0.9085 resistance level remains key resistance this week with
Asian Currencies Technicals
AUD/USD has bounced from just short of the 21 and 55-DMA’s to start the new week after dipping into the $0.8910-53 support region. The $0.9085 resistance level remains key resistance this week with a close above needed to
Weekly Forex & Interest Rate Outlook
The slowdown in China’s growth has hurt the NZD but on the flip side, a soggy patch of US economic data has weighed on the US dollar. That has left NZD/USD in a neutral position, unable to breach the 0.8400 resistance area.
Australian Markets Weekly – The big picture for Australia ahead
Recent data has continued the positive tone evident since Christmas. Market now expects the next move in the cash rate to be up but the first full 25bps is not factored in until June 2015.
Inflationary Consequences
With the force of New Zealand’s economic upswingnow well accepted, attention should be turning to theinflationary consequences of it.
Weekly Commentary
New Zealand’s housing market is clearly slowing, andretailers ended 2013 on a less exuberant note thanexpected. However, we’ve also had early signs that the nextactual inflation print may be closer to 2% than we thought.