Tag Archives: NZD/USD
Daily FX Wrap and Strategy
The NZD drifted higher alongside the AUD over the past24 hours, and sits 0.3% higher against the USD at 0.8600.A combination of improved risk sentiment and a steadybid tone for the AUD helped the NZD higher.
FX Daily Majors
Today’s highlights: GBPUSD holds in a high level range just below 1.6822/43. However, we stay bullish for a break higher to 1.6875, then the 1.7044 peak.
Weekly Commentary
Heading into the countdown to the RBNZ’s OCR Review,last week delivered a downside surprise on inflation andanother drop in dairy prices. However, this week we shouldget another instalment of ultra-strong net migration data.
Daily FX Wrap and Strategy
The NZD weakened by 0.7% against the USD overThursday to 0.8560. With little movement over Friday andMonday, it opens this morning around that level. The move occurred in the face of broad-based USDstrength.
Daily FX Update
A quiet start to a busy week that will see 150 of the S&P companies reporting earnings, global PMIs, inflation data from Australia, the RBNZ rate announcement and ongoing risk stemming from Ukraine.
Asian Currencies Technicals
Aussie closed on a heavy note marginally above last week’s low’s with immediate bearish focus on the $0.9307 initially support.
FX Daily Majors
Today’s highlights: GBPUSD has broken to a new high for the year and we target trend resistance at 1.6875 next, then the 1.7044 peak of 2009.
Daily FX Wrap and Strategy
The NZD is 0.3% weaker against the USD this morning,sitting at 0.8630.Yesterday, the main event was the Q1 2014 CPI reading,which revealed an inflation rate of 1.5% y/y,
EUR/SEK about to test the Dec’13 high. NZD/USD at primary support
EUR/USD: Support near 1.3790 was somewhat stronger thananticipated as buyers responded there and afterwardsforced the pair into a session close near the open.
Economy Watch – Giddy TWI Blurs Inflation Incline
Q1 CPI inflation at +0.3% q/q and +1.5% y/y came in lower than market and RBNZ expectations of +0.5% and +1.7%. This is meaningful to the extent that the starting point of inflation is lower than
Daily FX Wrap and Strategy
The NZD is broadly weaker this morning, havingmade gains only against the AUD overnight. TheNZD/USD is 0.5% lower at 0.8640.The USD is stronger amid softer risk appetite,