Tag Archives: NZD
The Week Ahead in FX
In the week ahead, market watchers will be focusing on U.S. data on housing and manufacturing activity, while manufacturing data from China will also be closely watched.
Altering our FX forecasts to reflect longer-duration weakness in the USD
We have decided to fundamentally change our USD view. We now donot expect the USD to significantly strengthen until the real Fed Fundsrate turns positive in early 2016 (chart 1).
The Week Ahead in FX
In the week ahead, market watchers will be focusing on speeches by Fed Chair Janet Yellen, as well as reports on U.S. retail sales and housing starts.
Economy Watch – Focus on Risk Management!
Businesses are buoyant with many confidence indicators, including the recently released PMI, sitting at, or near, decade-long highs. This is the case despite an elevated NZD and an uncertain global environment.
Economy Watch: New Zealand – A Snapshot
The New Zealand economy is firing on all cylinders. Annual GDP growth is currently sitting at 3.0%, and should increase, shortly, to its highest level in a decade.
NZD: Getting Carried Away
With the S&P500 bumping up near all-time highs and the NZD shooting into territory not seen since August 2011, you might be surprised to hear that financial market volatility is in the doldrums.
The Week Ahead in FX
In the week ahead, markets will be focusing on Wednesday’s minutes of the Fed’s most recent policy setting meeting. Monetary policy meetings by the Bank of Japan and the Bank of England will also be closely watched.
Weekly CFTC Trader Positioning Data
On a year-to-date basis the USD has weakened against all of theprimary currencies (with the exception of CAD) accordingly long USD positions have been frustrating.
The Week Ahead in FX
In the week ahead, investors will be looking to Friday’s U.S. nonfarm payrolls report for March for further indications on the strength of the labor market,
Weekly CFTC Trader Positioning Data
Relative monetary policy and global growth expectations havebeen the primary drivers of this week’s shifts in sentiment. Theultimate signal from the FOMC has been a more robust outlook—both for the US and globally,
Finding Value in FX Carry
Global FX carry trades, where one buys the highest interest rate currencies and sells thelowest interest rate currencies across G10 and EM, have had a torrid time since 2008.
The Week Ahead in FX
In the coming week, investors will be looking ahead to U.S. data from the housing sector, as well as reports on consumer confidence and durable goods.