Tag Archives: NZD/USD
New Zealand At a Glance
The New Zealand economic expansion is gaining in momentum. The rebuild of Christchurch is now building up a head of steam and this is supporting increasingly widespread confidence.
Daily FX Wrap and Strategy
NZD sentiment has recovered sharply over the past 24 hours. The NZD/USD has bounced from 0.8080 to 0.8180,
Asian Currencies Technicals
AUD/USD: The pair has finally managed a long overdue bounce and the first of any note since the fall from the $1.0382 level.
FX Daily Majors
Today’s highlights: – USDJPY has been unable to hold Friday’s break above 103.10 – 38.2% of the entire 1998/2011 bear trend – and a bearish “reversal day” is threatening.
NZD/USD Outlook: Negative Near Term
The US dollar is strengthening, causing NZD/USD to fall. The US dollar has been aggressively bought versus all major currencies since the beginning of May.
Daily FX Wrap and Strategy
There was no respite for the flightless bird on Friday. Investors’ new love affair with the USD continued, pitching the NZD/USD below 0.8100 for the first time this year.
Asian Currencies Technicals
AUD/USD: The pair paused at the June 5 2012 low to end last week and is currently trading a little higher in early Asian trading.
FX Daily Majors
Today’s highlights: – NZDUSD has seen its expected break of pivotal support at .8168/62 for the completion of a major top.
Daily FX Technical Strategy: US yield pullback not a game changer
Although US 10y yields are currently capped by the 1.98/2.00% area, this is unlikely to derail the broader trend of US dollar strength.
Economics: Perspective
– The Government released the 2013/14 Federal Budget last Tuesday. It projected the underlying Budget deficit for 2013/14 at $18.0bn (1.1 % of GDP),
Daily FX Wrap and Strategy
The NZD was the weakest performer in the past 24 hours. The NZD/USD sits close to its critical support level at 0.8160 this morning.
Asian Currencies Technicals
AUD/USD: The pair managed its 6th consecutive lower daily low yesterday as it continues to head towards out initial target at the 2013 low.