Tag Archives: AUD/NZD
Priced for perfection?
Solid domestic data last week, along with further guidance from the Reserve Bank, all served to reinforce the message that the OCR will be heading up next year.
Daily FX Wrap and Strategy
The NZD/USD showed a bit of volatility at the end of the week to close around 0.8320. With the stalemate in US fiscal negotiations continuing to prevail at the end of the week,
Asian Currencies Technicals
AUD/USD paused at the Sept 20 high on Friday with initial support now noted on the hourly timeframe at $0.9420.
The Global Macro Pulse
Overnight Price Action Risk rallies ran out of steam at the end of the week with most Asian equity and currencies down.
Australian Markets Weekly
Interest rates: RBA cut still coming but delayed * The US fiscal debacle remains centre stage. For Australia, the likely effect on the economy will be negligible, assuming the political negotiations are not protracted.
September: Hijacked by the Fed
* Market sentiment brightened following the Fed’s decision not to taper asset purchases, but the US dollar and US bond yields took a pounding.
Daily FX Wrap and Strategy
The NZD has been one of the few currencies that hasn’t been buoyed by the retreating USD tide overnight. Instead, the NZD/USD basically shuffled around in a sideways 0.8275-0.8340 range.
Asian Currencies Technicals
AUD/USD has bounced sharply from ahead of layers of support in the $0.9286-12 region on attempts to head lower since last Friday but continues to stall ahead of the $0.9358 Sept 20 high.
FX Momentum Model: Still short USD, watching AUD/NZD
The USD has continued to struggle over the past fortnight, as Fed tapering expectations have been pushed back and US bond yields have slipped lower.
Daily FX Wrap and Strategy
After feeling the full weight of speculative selling yesterday, the NZD/USD has since recovered all of its losses.
Asian Currencies Technicals
AUD/USD bounced sharply from ahead of layers of support in the $0.9286-12 region on attempts to head lower since last Friday but continues to stall ahead of the $0.9358 Sept 20 high.
Daily FX Wrap and Strategy
From hero to zero. After storming to the top of the currency performance rankings yesterday, the NZD has been the weakest performing currency over the past 24 hours.