Tag Archives: NZD/USD
Weekly Commentary
Fonterra product recall During the weekend, news of a Fonterra milk product recall affecting China and four other countries affected New Zealand markets.
Labour Market, Dairy In Focus
While Wednesday’s labour market data are the most important data this week, the news around Fonterra’s Saturday announcement has generated much comment.
Daily FX Wrap and Strategy
As expected, the NZD has been belted on the open this morning, as currency markets react to the weekend’s “dirty pipe’’ news.
Asian Currencies Technicals
AUD/USD is little changed from Friday’s opening level but continues to remain bearish with the $0.8771 Aug 2010 monthly lows remaining targeted.
FX Daily Majors
Today’s highlights: • DXY $ Index has completed a small base. A close above 82.63 today would see a bullish “reversal week”.
Daily FX Volume and Technical Strategy: Pre NFP rush
Heading into event risk later today, the market is prepared to get involved in the strong themes of May and June when the USD was bid,
Long-run Valuations Chart Pack
On a long-run basis, the NZD is more than one standard deviation overvalued against the AUD and GBP.
Daily FX Wrap and Strategy
The NZD/USD has felt the pinch of broad strengthening in the USD overnight. At around 0.7875, the currency now trades just over a cent below the post-FOMC highs of yesterday morning.
Asian Currencies Technicals
AUD/USD continues lower with the $0.8771 Aug 2010 monthly lows targeted. The closes below the 21 day lower Bolli ($0.8970) continue but
FX Daily Majors
Today’s highlights: • AUDUSD has broken below the .9000/.8998 lows to see the mediumterm bear trend resume, for .8770 next, then .8674.
Daily FX Wrap and Strategy
After dribbling lower for much of this week, this morning’s FOMC Statement has thrown the NZD/USD something of a lifeline.
Asian Currencies Technicals
AUD/USD traded at fresh 2013 lows this morning and the lowest level traded since late Aug 2010.