Tag Archives: NZD/USD
FX Ringside
Following last week’s decision by the Bank of Japan to expand its bond purchase program further than expected in a final bid to fight deflation, the yen has depreciated aggressively.
FX Daily Majors
Today’s highlights: – USDJPY is on the cusp of our 99.86/100.00 next target – the 50% retracement of the 2007/2011 bear market.
Asian Currencies Technicals
AUD/USD: Initial Support Confirms Significance. The pair briefly dipped below the 50% Fibo level yesterday before bouncing back towards initial resistance reinforcing the significance of the $1.0346-52 region.
FX Daily Majors
Today’s highlights: – USDJPY continues its dramatic surge higher and we stay bullish for 99.86/100 – 50% of the 2007/2011 bear market. An overshoot beyond here into the 101.27/103.10 zone now looks likely.
Daily FX Technical Strategy: EUR/JPY benefits from a positioning squeeze
The US nonfarm payrolls report catalysed an extension of the bullish rates move (US 10y yields) that has been unfolding since mid-March.
Asian Currencies Technicals
AUD/USD: Ends Last Week Below 200-DMA. The pair closed last week below the 200-DMA which adds weight to the bearish case but the pair now needs to take out the $1.0346-52 support region
Daily FX Technical Strategy: Rates beleaguer the USD
Erratic moves in JGBs and dropping US yields have turned the US dollar index uptrend more erratic.
Asian Currencies Technicals
AUD/USD: $1.0387-1.0497 Defines To The Pip. The $1.0387-1.0497 range has defined perfectly for the AUD/USD with the pair having bounced from the 200-DMA
Asian Currencies Technicals
AUD/USD: March Monthly Highs Capping For Now. The pair has put in a double daily top at the $1.0497 Mar monthly high resistance level with a further trading within
Daily FX Technical Strategy: Renewed sterling downside
We featured medium term bearish sterling signals in the form of UK 10yr breakeven rates and GBP/USD volume in our Top 10 Charts for Q2 report.
Asian Currencies Technicals
AUD/USD: More $1.0386-1.0497 For Now. The pair continued its bounce from the 200-DMA but has paused ahead of the Mar monthly highs.
Daily FX Technical Strategy: USD/JPY crosswinds
Risk sentiment has deteriorated steadily since the headlines around Cyprus first appeared. This is seen in the form of a bid in major rates markets, not just in Germany, but also in the US.