Tag Archives: NZD/USD
FX Daily Majors
Today’s highlights: • GBPUSD’s break beneath 1.5264/51 set a top for 1.5105, then 1.5051/24.
Daily FX Wrap and Strategy
After sliding lower in Asia yesterday, weak commodity prices and a firmer USD have kicked the NZD/USD even lower overnight.
Asian Currencies Technicals
AUD/USD: the correction lower following the failures in the $0.9315-43 resistance region has paused just ahead of the 21 day lower Bollinger band and the July 15 low.
G10 FX Spot Commentary
USD/JPY : Support – 97.50 Resistance – 98.50 USD/JPY will be stuck in a tight range until the Fed and nonfarms.
US Morning Update
Major overnight headlines: • RBA’s Stevens says “would not be surprised” to see AUD lower as PBoC adds liquidity via money markets
NZD/USD: Make or Break?
The NZD has been by far the strongest performing G10 currency over the past fortnight. Globally,
Daily FX Wrap and Strategy
It’s been a stuttering start to the week for the NZD. Unable to build on last week’s outperformance, the kiwi slipped to the bottom of the currency performance rankings overnight.
Asian Currencies Technicals
AUD/USD has again failed ahead of the $0.9315-43 resistance region with the immediate focus firmly on the $0.9128 July 25 low.
US Morning Update
Major overnight headlines: • Chinese Finance Minister says will step up efforts to support growth with “targeted measures”, MarketWatch
Daily FX Volume and Technical Strategy: EUR/JPY uptrend put to the test
As we approach month end, USD/JPY is trading near the same levels of two months ago; such a range-bound environment is likely to persist into August.
What To Worry About
The NZD has been by far the strongest performing G10 currency over the past fortnight. Globally, a modest pullback in the USD has been the dominant driver of currency markets.
Weekly Forex & Interest Rate Outlook
NZD/USD upward momentum remains strong, pointing to a test of the June peak of 0.8137 this week.