Tag Archives: NZD/USD
FX Daily Strategist: Europe
Q2 soft patch limits USD upside for now Friday’s employment report hit a sweet spot for market sentiment. The on-consensus 175k increase in payrolls was sufficient to keep tapering of QE under consideration,
Daily FX Technical Strategy: USD/JPY trying to bounce
The rebound in the USD occurred in line with our view at the end of last week as the risks of a base have increased.
Buddy, Can You Spare A Quarter?
• A reluctant hiking bias, still, at Thursday’s MPS? • We retain March-hike view and hawkish tilt
Weekly Forex & Interest Rate Outlook
The long-awaited unwind of extremely long speculative NZD/USD positioning has further to run, but watch out for a possible temporary boost from the RBNZ this week.
Daily FX Wrap and Strategy
The NZD/USD continued its downward slide on Friday, ending the week just below 0.7900. It has opened the week lower to sit around 0.7840 currently.
Asian Currencies Technicals
AUD/USD: The pair has traded sharply lower to start the new week with the pair hovering just above the 2011 low at the time of writing.
FX Daily Majors
Today’s highlights: • USDJPY’s collapse warns of further weakness to the 38.2% retracement of the rally from September at 93.57. We look for a floor here.
May: It’s All Been One Way
• The key currency theme was a stronger USD closely aligned to higher US bond yields and a weak JPY
Daily FX Wrap and Strategy
In the backdrop of broad USD weakness in the early hours of this morning, the NZD/USD has bounced to sit around 0.8030 currently.
Asian Currencies Technicals
AUD/USD: The pair dipped to fresh 2013 lows and the lowest level since Oct 2011 overnight again before bouncing sharply.
FX Daily Majors
Today’s highlights: • AUDUSD has collapsed below .9528 and we stay bearish for key price support at .9407/.9388, which we look to hold at first.
Daily FX Wrap and Strategy
The NZD joined the AUD as worst performers over the past 24-hours. The NZD/USD sits at 0.7940 currently.