Tag Archives: AUD/NZD
FX Viewpoint – AUD/NZD: Short-term positives, but longer term cautious
• In the short term, there are some glimpses of positives for AUD/NZD.
Strategist
Economic Outlook The more we look at New Zealand’s capital expenditure trends and pointers, the more upbeat we become.
Asian Currencies Technicals
AUD/USD continues to head higher and again traded above the 21 day upper Bollinger band ($0.9547). A break back below the Oct 7 low remains needed to
Asian Currencies Technicals
AUD/USD took out the 38.2% Fibonacci level and spiked above the gently rising 21 day upper Bollinger band and Sept monthly high yesterday.
Daily FX Wrap and Strategy
In quiet, holiday-hampered markets overnight theNZD/USD inched a little higher, to sit above 0.8360 thismorning.
Asian Currencies Technicals
AUD/USD has taken out $0.9484 and is approaching the 38.2% Fibonacci level and 21 day upper Bollinger band.
Inflation In All Its Guises
* Q3 CPI expected at 1.2% y/y, from 0.7% * BNZ survey points to LVR hit to housing
Australian Markets Weekly
Labour market holding: Buys more wait time for RBA * Australia’s unemployment rate trend steady at 5¾%
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Neutral this week This week may be a replay of the last – strong NZ fundamentals countered by the continuing US fiscal crisis, resulting in a lack of direction.
Weekly Commentary
All on track The highlight last week was the release of the Quarterly Survey of Business Opinion (QSBO).
Daily FX Wrap and Strategy
The NZD/USD inched a little higher on Friday night, but remains within the tight range it has traded for the past fortnight or so. It ended the week at 0.8320.
Asian Currencies Technicals
AUD/USD: The $0.9484 level confirmed as initial resistance on Friday with the pair remaining capped at this level following Thursday’s bounce from the 21-DMA ($0.9395).