Tag Archives: NZD
The Week Ahead in FX
In the week ahead, market participants will be focusing on Thursday’s ECB monetary policy announcement. Rate reviews by BoE and the Reserve Bank of Australia will also be closely watched.
Weekly CFTC Trader Positioning Data
A quiet week for sentiment, given that Tuesday’s position datefails to incorporate much of the event risk that followed. The pullback in all of the long positions underscores this anticipation.
Beware, These Extended FX Positions Are Vulnerable In May
Large currency exposures tend to be scaled back between May and August according to BNP Paribas’ FX Positioning Analysis.
Q1 Labour Market Data Preview ‑ Labour market recovery on track
We expect continue employment growth, in line with general economic recovery.
Economy Watch – New Zealand At A Glance
The world outlook remains uncertain but its prospects remain sufficiently strong to add support to a New Zealand expansion which is both broadening and gaining in momentum.
Week Of The Dollar Or Weak Dollar?
In a note to clients today, Goldman Sachs continues to layout the argument for why the Dollar should strengthen over the coming year, especially against other G10 currencies.
Economy Watch – Strong Trade Supports Macro Metrics
There were few surprises in New Zealand’s merchandise trade figures for March. The data confirmed strong growth in two-way external trade, as well as a healthy trade surplus.
Leveraged Funds’ Bet Against USD At Highest Level Since Jan 2013
Leveraged funds have increased their net short positions against the USD to their highest level since January 2013.
The Week Ahead in FX
In the week ahead, investors will be focusing on Friday’s U.S. jobs report for April and the outcome of the Federal Reserve’s two-day policy meeting on Wednesday.
Economy Watch – NZD Strength Annoys RBNZ
For now, we will stick with our call that the RBNZ hikes in both June and July. At the time of writing, the market is pricing in an 85% chance of a hike in June and 34 basis points of hikes, cumulatively, over June and July.
NZD After RBNZ
All and sundry expected the RBNZ to hike its cash rate to 3.0% today and it didn’t disappoint. The focus, instead, was on how the RBNZ would convey the message that it was uncomfortable with
Westpac: What To Buy & What To Sell This Week?
Westpac G10 FX model portfolio opens a decent long USD exposure for the week ahead, triggered by a long USD signal from its US surprise index model.