Tag Archives: NZD/USD
NZD/USD ANALYSIS
The New Zealand dollar was trading lower late Thursday after New Zealand’s third quarter gross domestic product numbers failed to alleviate fears over the negative impact of the euro-zone sovereign debt crisis.
AUD/USD ANALYSIS
A sharp rejection of 1.0200 in the AUD/USD and 0.78 in the NZD/USD leave the short-term charts looking a lot less constructive. Both pairs gained strongly overnight after a larger-than-expected uptake of EUR489 billion in the ECB’s 3-year lending facility was initially greeted with enthusiasm, but markets eventually concluded that the liquidity auction was nothing […]
NZ 3Q Current account deficit widens
New Zealand’s current account deficit widened sharply from the previous quarter in the three months to Sept. 30, and the likelihood that offshore pressures will weigh further on the country’s all-important export sector are increasing.
Global Technical Watch – Quick Charts (Sep 30)
The weekend and month-end approach, though from a technical perspective (and in general), the longer the horizon, the more reliable the signals. As such, we have focused on quarterly candles.
Governor Bollard ‘comfortable’ with current level of NZ interest rates
Reserve Bank of New Zealand (RBNZ) Governor Alan Bollard gave an extended radio interview this morning following his recent attendance at the IMF, World Bank and G20 meetings in Washington. The general tone of the interview was very much in line with the recent RBNZ September MPS and our view that the RBNZ will follow […]
New Zealand: RBNZ September MPS – RBNZ keeps door open for hikes
The Reserve Bank of New Zealand (RBNZ) left the Overnight Cash Rate (OCR) unchanged at 2.50%, in line with the consensus forecast and market pricing. The Statement was more dovish than the June MPS, in line with our expectations (see New Zealand: RBNZ September MPS – Not that dovish, 14 September 2011). Governor Bollard noted […]
Global Technical Watch – Quick Charts (Aug 1)
Around the much anticipated headlines streaming from the US, the backdrop for the US dollar remains largely weak particularly against Asian and commodity currencies. US 2y yields are dipping towards all time lows at 31bp and although both 2s and the S&P 500 are holding within range, we highlight the levels to overcome to suggest […]
Commodity Currencies Weekly Technicals – AUD/USD and NZD/USD continue to look top heavy
AUD/USD: We still expect the Aussi to decline in the weeks ahead and for the 1.0441 May low to be revisited. NZD/USD: Another down leg should be seen. Is to revisit the 55 day moving average at .8008 at the very least. USD/CAD: A short term correction lower is being witnessed but the currency pair […]