Tag Archives: NZD/USD
The Global Macro Pulse
EUR edged higher to 1.3717 after briefly trading below 1.37 at the NY close. USDJPY reversed yesterday’s gain, falling steadily to 102.15.
Daily FX Wrap and Strategy
The NZD/USD was shunted around with the rest of themajors as markets responded to the US retail sales report. But overall, the currency is little changed,just 0.2% higher at 0.8630.
FX Daily Majors
Today’s highlights: EURGBP has broken key support at .8165/55 and we look for further weakness to .7800.
FX Flows From Hedge Funds
Net euro selling over UBS’ books hit a 5-week high last week as ECB President Draghi indicated the strong euro’s disinflationary impact “will have to be addressed”.
Asian Currencies Technicals
After making headway above the 21-DMA ($0.9322) the AUD/USD is pausing at the $0.9395 resistance level. Initial support is now noted at the $0.9348 May 9 low with bears needing a close below to ease the bullish pressure.
Daily FX Wrap and Strategy
The NZD/USD has been tightly range-bound over the past24-hours. It sits little changed at 0.8620 this morning.Overall, currency markets traded without too much dramaovernight, and the NZD was no exception.
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Down this week Expected RBNZ behaviour plus the recent rebound in US sentiment should weigh on NZD/USD this week.
Asian Currencies Technicals
The $0.9319 support continued to hold this morning with the AUD/USD bouncing off $0.9349 low, while moves higher have been capped ahead of $0.9395.
Markets Outlook – Surplus to Requirements
Thursday’s election-year Budget will be the centrepiece of New Zealand’s market week. Sure, the NZ government has signalled restraint.
Weekly Commentary
The March quarter labour market figures confirmed that ahiring spree is under way as the economy gathers steam. But with more and more people being drawn into the work force,
Daily FX Wrap and Strategy
The NZD lost ground amidst a backdrop of USD strengthon Friday, with NZD/USD weakening by 0.4% to 0.8610.The picture was decidedly more mixed on the crosses, however, with slight gains seen against the EUR and the GBP.