Tag Archives: NZD
FX G10/EM Morning Trader Views
EUR – Calm resumes in Asia today as we hold 1.3180/1.3230 range – Mkt squeezed everyone out on Thursday last week and
Guns on safety, cannons moving in to place
The Canterbury rebuild is off to the races, while the rest of the economy is not too far behind.
The Week Ahead in FX
In the week ahead, investors will be focusing on US data on retail sales and consumer sentiment for indications of the strength of the economic recovery.
FX SENTIMENT REPORT
• The USD remains favored against most of the currencies, despite short covering in EUR, JPY and CHF. MXN remains the largest held net long, at $3.3bn, despite a $1.5bn decline w/w.
FX Daily Strategist: US
SNB currency reserves data shows an increase in May The SNB currency reserves under the IMF standard rose to CHF 441.4b in May from a revised CHF436.1b in April.
Is the spill over from quantitative easing receding?
• The key theme in financial markets over the past month has been the changed perception about how long the Fed will continue to loosen policy settings.
Key tensions to keep RBNZ on hold at June meeting
• RBNZ expected to leave OCR on hold at 2.5%, but continue to highlight key tensions between housing market and NZD.
FX G10/EM Morning Trader Views
EUR – Still in this 1.3030-1.3110 range – yesterday good lev/spec selling into 90/00 met with similar buying at 1.3040-50 below from corp/rm.
NZ Building Work Put In Place – QI 2013
• Building work put in place +5.8% QoQ • Residential work put in place +12.0% QoQ
Monetary policy key for FX. AUD and NOK to recover after recent weakness.
The SEB FX Scorecard is updated on a monthly basis. It includes both changes to individual currency scores and alterations to weights to reflect FX market themes and drivers.
FX Technical Volume Strategy: Investors return to sell NZD
• Friday was the busiest day of the week with overall volumes above the 90th percentile for the year.
FX G10/EM Morning Trader Views
EUR – so month end doesn’t conform to expectations/or models by selling off into and rallying into the close to stand at 1.3020 as we open in ldn this morning.