Tag Archives: EUR/NZD
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Negative Near Term The long-awaited unwind of extremely long speculative NZD/USD positioning appears to be underway. The NZD’s breakdown on 14 June has been sustained and
Daily FX Wrap and Strategy
The NZD slipped lower on Friday morning, but managed to stabilise in the evening, to end the week around 0.8100.
NZD/USD Outlook: Negative Near Term
The US dollar is strengthening, causing NZD/USD to fall. The US dollar has been aggressively bought versus all major currencies since the beginning of May.
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Negative Near Term The suggestions the Fed is mapping out a QE-exit strategy has caused significant USD-buying, and much NZD/USD damage, such that a near term breakdown is likely.
MARKET FOCUS
This week begins with the NZD on the back foot, weighed down by broad-based USD buying. The NZD has been rattled by the USD rebound, talk of intervention,
Markets Outlook
USD blasted higher. The move was centred on USD/JPY, but all of the major currencies were affected.
Weekly Forex Outlook
NZD/USD Outlook: Positive Near Term NZD/USD should strengthen to 0.8585 this week. Assuming the NZ employment report doesn’t disappoint,
FX Daily Crosses
Today’s highlights: – EURNOK: Break above 7.5011 and 7.5212 clears the way towards the 7.5777 recent high.
FX Daily Crosses
Today’s highlights: – EURJPY: A new high leaves the focus on 132.04 – the 50% retracement of the 2008/2012 bear market.
FX Ringside
Following last week’s decision by the Bank of Japan to expand its bond purchase program further than expected in a final bid to fight deflation, the yen has depreciated aggressively.
FX Daily Crosses
Today’s highlights: – EURNOK: We look for the rebound off 7.4334 trendline support to continue, with a push above 7.4851 needed for the next leg higher.