Tag Archives: NZD/USD
Daily FX Wrap and Strategy
The NZD continued its steady slide lower, falling by 0.4%against the USD, to 0.8540.There was no new news relevant to the NZD yesterday.
Daily FX Wrap and Strategy
The NZD was the worst performing G10 currencyovernight, shunting 1.0% lower against the USD, to0.8560 this morning. The sharp fall in yesterday morning’s Global Dairy Auction certainly contributed to
FX Daily Majors
Today’s highlights: USDJPY focus turns to important resistance at 103.64/77. Above here is needed for a better base in the range to test 104.85/94 next.
USD/JPY is higher than previously thought, but resistance is still there
EUR/USD: The near-term move up from the recent 1.3704 looks farfrom impulsive, but could still test the 21day equilibriummeasure at 1.3835 before down.
Daily FX Wrap and Strategy
The NZD followed the AUD in an overall drift lower yesterday,with few outright drivers. The NZD/USD is 0.2% lower at0.8646.Certainly there seems to have been no knee-jerk reaction to
The Global Macro Pulse
Among the majors, AUDUSD rose to a high of 0.9304 before easing off to 0.9267 after the RBA statement (see below).
Daily FX Wrap and Strategy
The NZD/USD has seen a rollercoaster ride over the past 24hours, but opens this morning just 0.1% higher at 0.8670.Yesterday, domestic data remained strong at heart.
FX Daily Majors
Today’s highlights: USDJPY above its 55-day average at 102.55/69 keeps the bias higher in the range to 103.64/76.
Scandi markets ahead: PMI week and divergent monetary policy between Norway and Sweden even more evident
Will the Riksbank cut rates in April or not? It cannot be excluded, but we believe thechance of a rate cut in July is higher. What could prove decisive is next week’sMarch PMI figures.
Markets Outlook – Business Outlook “Actually” Stronger in March
This afternoon’s ANZ business survey registered a slight decline in its headline confidence – to +67.3, from +70.8 in February. However, we judge an increase in seasonally adjusted terms – to +68.9,
Weekly Commentary
Last week’s data has emphasised one of the importantthemes in the NZ growth story; that the current pickupin growth has become increasingly broad based.
Asian Currencies Technicals
Tuesday’s close above the 200-DMA has been followed up with fresh 2014 and 4 month highs Tues-Fri. Bulls are currently targeting the $0.9333 level where the rising daily channel top