Tag Archives: GBP/NZD
Approaching a ‘Cross’ Roads
Recent NZD/USD price action has done little to change our view (propounded most recently. Last week’s Fonterra botulism scare continues to occupy the attention of the nation’s media.
Daily FX Wrap and Strategy
The NZD continued to strengthen overnight, to sit around 0.7960 this morning. The NZD has recovered from its Fonterra-induced losses.
July: Gloom Evaporates
• Financial market sentiment recovered strongly as central banks around the world renewed their commitment to accommodative monetary policy.
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Down this week NZD/USD momentum has reversed, pointing to a test of the 2013 low of 0.7684 this week.
Weekly Commentary
Fonterra product recall During the weekend, news of a Fonterra milk product recall affecting China and four other countries affected New Zealand markets.
Long-run Valuations Chart Pack
On a long-run basis, the NZD is more than one standard deviation overvalued against the AUD and GBP.
Weekly Forex & Interest Rate Outlook
NZD/USD upward momentum remains strong, pointing to a test of the June peak of 0.8137 this week.
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Up this week We retain our positive bias for another week but remain negative one month out and beyond.
June: Winter Blues
• After a long period of stability, volatility returned to financial markets in June.
FX Trends daily (FOCUS: GBP/NZD)
The cross has bounced near a support at 1.7973 (medium term retracement). This rebound may extend upon a break above 1.8402/13 toward 1.8549,
FX Trends daily (FOCUS: GBP/NZD)
GBP/NZD After a rebound in the recent sessions, the cross failed to clear a key short term resistance line at 1.9648 which signals a possible downturn toward 1.9390 then toward the key support at 1.9240 (short term support line).
FX Trends daily (FOCUS: GBP/NZD)
GBP/NZD On the last trading sessions, the GBP/NZD has extended its downtrend and has broken below a support at 1.9558 (61.8% retracement of February to May 2012 upward wave and short-term support trend line).