Tag Archives: NZD/USD
Daily FX Wrap and Strategy
The NZD/USD sits at a similar level this morning, around0.8560.The NZD/AUD came under initial heavy selling pressureafter the release of a stronger than expected HSBC ChinaPMI yesterday afternoon.
FX Daily Majors
Today’s highlights: EURUSD spotlight remains on its 200-day average at 1.3635, below which can add weight to a large bearish “wedge” scenario.
The Global Macro Pulse
Within the G10, AUDUSD has outperformed, opening weak, but rallying after the China PMI to 0.9266. USDJPY has pushed up to 101.65 and EURUSD is marginally lower at 1.3674.
Asian Currencies Technicals
The move lower continued on Wednesday with it having paused ahead of the May 2 low so far. Bears remain firmly focused on a break lower that initially targets the 200-DMA and then the 100-DMA.
FX Daily Majors
Today’s highlights: USDJPY continues to threaten an important top, with a break below 100.75 needed to confirm.
Asian Currencies Technicals
After having held above the $0.9315-20 region the past week AUD/USD finally broke sharply lower before initially finding support at the 55-DMA.
FX Daily Majors
Today’s highlights: EURUSD spotlight remains on key support at 1.3643/30, below which is needed to add weight to thoughts of a larger top.
Daily FX Wrap and Strategy
The NZD is effectively unchanged against the USD relativeto yesterday morning, sitting just under 0.8630.Yesterday’s two local releases hardly troubled the scorers.
FX Daily Majors
Today’s highlights: USDJPY’s spotlight remains on pivotal “neckline”, price and 200-day average support at 101.23/20, below which can see a top.
Markets Outlook – Producer Prices Reflect Wider Inflation
With all of these global and domestic forces pulling this way and that, what does it all mean for the Reserve Bank’s OCR path? Generally speaking, we think it’s hard to tell.
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Down this week Expectations the RBNZ will signal a pause in June are growing and should weigh on NZD/USD this week.
Weekly Commentary
Recent developments have allayed some of our concernsthat the private sector would respond to the economicupswing by going on an unproductive spending spree.