Tag Archives: NZD
Daily FX Wrap & Strategy
The NZD/USD spent most of last week bouncing around in a sideways 0.8460-0.8580 range as global risk sentiment ebbed and flowed.
Economy Watch
– We continue to expect a first Official Cash Rate hike in March 2014 – And thereafter a steady ‘normalisation’ of the OCR to a peak of 4.50% in mid-2015
The Week Ahead in FX
In the week ahead, investors will be watching interest rate decisions by the Reserve Bank of Australia and the Bank of England.
FX SENTIMENT REPORT
– There were very few changes this week as the market was likely hesitant to make significant positioning shifts leading into the FOMC, ECB and nonfarm payrolls.
Foreign Exchange Outlook
The USD has entered a period of retracement, weakening against most currencies in April (except the JPY),
FX G10/EM Morning Trader Views
EUR – After yesterdays choppy trading the take away is that they did discuss negative rates and would use if necessary and deal with the consequences
FX G10/EM Morning Trader Views
EUR – The day we have all been waiting for has arrived ‘ECB’ – all our stops taken out or disappeared from book as they went to mkt after the extension above 1.32 to 1.3243 new high.
FX G10/EM Morning Trader Views
EUR – As much as the mkt is trying to maintain a short into the ECB tomorrow, month end eur demand, fears over weaker US data,
Economic developments adding to Riksbank headache
So far this year, SEK has been the one of the strongest performing G10 currencies. According to our own flow data and SEK Views survey mainly foreign investors have bought the SEK,
CFTC: AUD longs and JPY shorts scaled back
Hedge funds were small net buyers of dollars during the week ending April 23 as selling of AUD and EUR more than offset buying of JPY and CHF.
The Week Ahead in FX
In the week ahead, investors will be awaiting the outcomes of policy meetings by the Federal Reserve and the ECB, as well as Friday’s closely watched report on US nonfarm payrolls.