Tag Archives: NZD/USD
BusinessNZ PMI for July 2013
The BNZ-BusinessNZ seasonally adjusted PMI for July stood at 59.5, which was 4.3 points higher than June and a return to strong levels of expansion seen in May.
Daily FX Wrap and Strategy
The NZD was the strongest performer amongst its key peers over the past 24-hours. The NZD/USD sits just above 0.8030 this morning.
Asian Currencies Technicals
AUD/USD: The $0.9111 level that capped late in NY on Tuesday and in Asian trading Wednesday is now seen as pivotal hourly support.
FX Daily Strategist: Europe
Out of recession, but fade EURUSD gains GDP data today should show that the Euro area as a whole has exited technical recession in Q2.
FX Daily Majors
Today’s highlights: • USDCHF stays on course for a test of key resistance at .9380/95, above which is needed to mark a more important base.
Strong retail sales growth over the second quarter
• QII Total volumes rose 1.7% QoQ, to be up 4.2% YoY (CBA(f) +1.4%QoQ, market +1.5%)
Daily FX Wrap and Strategy
A broad strengthening in the USD shaved around ½ cent off the NZD/USD overnight. Still, at around 0.7960, it remains firmly within the bounds of its recent trading range.
Asian Currencies Technicals
AUD/USD: The close below Monday’s low sees the continuation of the recovery off the 2013 lows in doubt with immediate focus having shifted to a test of the $0.8970 Aug 8 low.
FX Daily Majors
Today’s highlights: • USDJPY above 96.98/97.00 sets a small base in the “triangular” range for 98.16,
USD/JPY is likely to extend gains further
EUR/USD: Another moderate euro-loser was added yesterday. The micro-term move off yesterday’s low looks correctional and
Weekly Forex & Interest Rate Outlook
NZD/USD remains in consolidation mode, the most likely catalyst for a break outside the 0.7685-0.8135 range being the Fed’s decision on tapering.
Daily FX Wrap and Strategy
Over the past 24-hours the NZD/USD has traded between 0.8000 and 0.8050, sitting at the lower-end of this range at present.