Tag Archives: NZD
Riding on the coattails – NZ Consumer Confidence, Q1 2014
Consumer confidence has risen to its highest level since 2005, on the back of economic optimism near record levels. Consumers’ sentiment about their own finances is also improving,
The Week Ahead in FX
In the week ahead, investors will be looking ahead to Wednesday’s monetary policy announcement by the Federal Reserve. The bank is also to publish its economic forecasts.
Weekly CFTC Trader Positioning Data
Sentiment shifts this week largely reflect the impact of investors’reactions to recent central bank & policy-related developmentsgiven that currencies had remained relatively quiet headinginto Tuesday’s position date.
Forex Weekly Report
Two over-extended currencies suggest a pullback Although there are fundamental signs that GBP/CAD may be due a correction lower we are attracted to this pair predominantly because
RBNZ Fires the Starting Gun
The Bank’s published OCR track implies the cash rate will rise by a total of 125 basis points, to 3.75%, by year end. A further 75 basis points of hikes is anticipated through calendar 2015 and then another 50 in 2016.
The Week Ahead in FX
In the week ahead, rate announcements by the Bank of Japan and the Reserve Bank of New Zealand will be in focus. The U.S. is to publish what will be closely watched data on retail sales and consumer sentiment.
Weekly CFTC Trader Positioning Data
The net long USD position — at $13.7bn — narrowed for the fourth consecutive week but most positions remain relatively neutral, close to the median of the last 52-weeks.
Economy Watch – Inflation to Breach RBNZ Band
We have nudged up our economic forecasts for 2014 and bolstered them for 2015. While some of this is population driven, the overall consequence is greater excess demand than we previously envisaged.
Reach for the stars – NZ Terms of Trade Review, Q4 2013
NZ’s terms of trade remain at a 40 year high after rising further in the December quarter. Export prices are lingering at high levels, with the added boost to the terms of trade in the December quarter largely due to softer import prices.
The Week Ahead in FX
In the week ahead, investors will be anticipating Friday’s U.S. nonfarm payrolls report for an indication of the strength of the recovery in the labor market.
Weekly CFTC Trader Positioning Data
The net long USD position — at $13.7bn — narrowed for thefourth consecutive week but most positions remain relatively neutral,close to the median of the last 52-weeks.
Economy Watch – Hot, Hot, Hot
Businesses have no doubt that economic activity will accelerate in 2014. It was written all over this afternoon’s business survey. To say the ANZ survey was strong would be the understatement of the past two decades.