Tag Archives: NZD/USD

The Global Macro Pulse

AUDUSD has fallen to 0.9012 in response to the weak China data. EURUSD is unchanged from

We expect Thursday’s Q2 GDP report to show a slowdown in economic growth.

The persistence of low inflation, despite an obviousacceleration in the pace of economic activity in NewZealand,

The NZD underperformed on Friday night along with itscommodity-linked peers (CAD, AUD).

The sell-off in the aussie cost the AUD/USD around 3.5c last week with the pressure currently on the $0.8984-95 support region.

Today’s highlights: AUDUSD maintains its large “head & shoulders” top and we stay bearish for our .8982/56 next target.

NZD/USD continues to break lower, with the 0.8200 levelbroken on the back of a much more cautious RBNZ.

The spike above the 200-DMA Thursday remained capped ahead of the $0.9229 resistance level before reversing lower with

Concerns over China’s softening growth outlook are the focus for FX ahead of the NA session,

Today’s highlights: EURGBP’s aggressive bearish “outside” reversal at

NZDUSD fell to 0.8195 as the RBNZ kept its policy rate unchanged as expected, but lowered guidance.

We continue to make good headway south in NZD/USD, to the point that we reached our end-September target (prev. 0.84) faster than anticipated.