Tag Archives: AUD/NZD
Daily FX Wrap and Strategy
The NZD/USD was dragged lower by the AUD yesterday, but stabilised overnight to sit around 0.8180 currently. There were limited domestic data releases yesterday.
Daily FX Wrap and Strategy
The NZD/USD has strengthened over the past 24-hours to sit just below 0.8260 currently. Yesterday’s ANZ commodity price index showed that NZ commodity prices remain elevated.
Bearish EUR/USD & GBP/USD prints, SEK looks exposed again & CAD weaker
EUR/USD: Yesterday’s candle adds confidence to a correctional phasepassed its peak. Exiting the lower end of the ascending55day moving average band would enhance a bearishstance.
US dollar set to strengthen in the short-term
USD: under pressure because of the Fed As expected, the US dollar failed to appreciate in a week shortened by the Thanksgiving celebration and bereft of any major economic statistics.
Signs of an exhausted €. CAD continues to weaken.
EUR/USD: Each and every day the market is coming closer and closerto the 1.3645 mid body (of the weekly falling benchmarkcandle key five weeks ago) resistance.
Weekly Forex and Interest Rate Outlook
NZD/USD continues to suffer from pro-US dollar sentiment. NZ fundamentals continue to shine, witness the surge in the momentum of NZ economic data during the past few months (Chart 2).
Markets Outlook Weekly
We realise that many will probably see this week’s Barfootand Thompson housing report as the big economic newsof the week. Covering the month of November,
Weekly Commentary
With the New Zealand economy showing some seriousupward momentum, interest rate markets are now fullypricing in a 25 basis point OCR increase in March next year
Daily FX Wrap and Strategy
The NZD has slipped to the bottom of the currency performance rankings over the past 24 hours. Having recovered back to almost 0.8180 yesterday,
BNZ Strategist – The Strategist
While everyone appears obsessed with the impact of the LVR restrictions, the economy continues to broaden and strengthen its momentum regardless.
Daily FX Wrap and Strategy
Offshore markets have once again taken an axe to the kiwi. But, contrary to the pattern observed over the past fortnight, the NZD/USD hasn’t bounced off key support around 0.8180/90.
Asian Currencies Technicals
AUD/USD continued its move lower yesterday, oscillating around the lower 21 day Bollinger band ($0.9093) as overall focus remains firmly on retests of the 2013 low.