Tag Archives: NZD/USD
Technical Analysis
The dollar is strong despite stellar US stock market performance and this is impressive… Key below in EURUSD remains at 1.2974 and the market is closing in on it… The USD index was allowed to bullishly violate the key 80.12 ref and this opens up for more dollar buying…
Technical Analysis
Yesterday, a one day correction? SEK weaker. EUR/USD 1.3205 and then down again… GBP/JPY looking for a sell off… NZD/USD searching a new sell… EUR/SEK key resistance up for grabs… EUR/NOK another low not unlikely… NOK/SEK trying to pass the key res…
Worse headline Oz employment data pushes AUD lower, initially
The first of today’s central bank rate announcements came early in the Asian session, where the RBNZ kept the official cash rate unchanged at 2.5 percent, as expected. However, in his post-announcement comments, RBNZ governor Bollard highlighted improved pockets in the domestic economy and a better global outlook but noted that the recent strength of […]
Daily FX Technical Strategy – Kiwi takes flight
The combination of a slightly stronger USD and slightly weaker stock markets has undermined base metal prices and aluminium in particular. In FX markets, commodity currencies reflect this developing risk-off theme.
Technical Analysis
EURUSD respected support yesterday but little indicates it won’t be tested again. Key ref on south at 1.2974… USDJPY may have lost some momentum and has to at least re-visit the 80-handle…
Daily FX Technical Strategy – USD upside potential
Last week was a good one for the dollar as the USD Index posted a reversal week against important retracement levels. The implication is that the 2012 downtrend is over and further USD strength should be expected this week.
Technical Analysis – FX Daily Majors
Today’s highlights: · DXY: Through trend resistance from the 2011 peak with risk to the 55-DMA, 79.69. A close above would aim through the mid-Q1 spike high 80.12, closer to topping barriers, 80.50/70 (threat to 2012 peak, 81.78)
FX Daily Strategist: Europe
Big LTRO elicits little excitement; FX market reacts more to little from Bernanke The EUR 529bn allocated at yesterday’s second 3-year LTRO was a little higher than our estimates of 400-500bn, and not significantly greater than market expectations of 470/500bn.
Currency Weekly: FX and oil: Drilling down to what actually happens
Rather than look at how economics suggests FX “should” behave when oil prices rise, we examine how FX “has” behaved in the past. Oil producers are the winners. However, one might have expected all “risk on” currencies to suffer and safe haven FX to thrive with lower equities.
Daily FX Technical Strategy: Trend ending signals for USD/JPY
Last Friday USD/JPY closed above its weekly cloud for the first time since Jul 2007 suggesting that the long-term downtrend is over. If this is the case then we would expect to see further confirmation this Wednesday with the dollar closing the month above its 21-month average (80.90).
Daily FX Technical Strategy: Euro delayed reaction
The market appears to be slowly responding to the Greek bailout deal given the general euro recovery yesterday. EUR/GBP is leading the charge but if EUR/AUD, EUR/CAD and EUR/NZD all follow through by breaking their respective recent range highs today, then we would expect the short covering move to snowball.
USDJPY holds 80.0 as BOJ Gov says “powerful” easing to continue
Currencies remained in tight ranges in the Asian session with little on the data calendar and no notable news events to drive direction. Japanese officials have been out patting themselves on the back about the recent JPY decline: PM Noda bragged that the market had reacted “favourably” to the latest BOJ easing.