Tag Archives: NZD/USD
Weak USD. EUR/GBP upside progress. Kiwi testing next resistance
EUR/USD: Correction completed and a fresh high added and bulls aresmiling – and may do so for a while yet since ~1.40 lieswithin reach before stretching it again.
Asian Currencies Technicals
Following on from Tuesday’s close below the 21-DMA, the AUD/USD has consolidated below with the 55-DMA currently supporting. Consolidation below the 21-DMA sees bears in control and
Daily FX Wrap and Strategy
The NZD/USD sits above 0.8480 this morning as themarket awaits the RBNZ’s meeting today.In the absence of key data releases over the past 24-hours the NZD has traded a path between 0.8440 and 0.8490,
Asian Currencies Technicals
The 100-DMA capped again on Tuesday with the AUD/USD breaking and closing below the 21-DMA. The close below the 21-DMA sees bears take control and
Daily FX Wrap and Strategy
The NZD has continued to trade a fairly tight range over the past 24-hours. It sits around 0.8470 currently. The general lethargy in currency markets this weekcontinued overnight.
FX Daily Majors
Today’s highlights: EURGBP spotlight turns to the .8351 highs, above which would set a better base.
Wheeler’s got bottle, kiwi can’t milk it
Graeme Wheeler will be the first G10 central banker to hike rates onWednesday, lifting New Zealand’s OCR 25bps to 2.75%. Domestic indicatorsshow a gradually strengthening economy and
Weaker GBP, PLN & TRL (& soon also CAD), stronger NZD & Bunds
EUR/USD: Judging by price action it could be a top forming, arguing fora 1.3825/1.3797 test before long. This would be more likelyon a break under 1.3852.
Asian Currencies Technicals
The rally to fresh 2014 and 3 month highs last week saw AUD/USD close above the 100-DMA for the first time since late Nov on Thursday before pulling back from ahead of the 200-DMA on
Daily FX Wrap and Strategy
The NZD has maintained a fairly tight range over the past24-hours, sitting just below 0.8470 currently. The NZD/USD has traded without much of a heart-beat inthe absence of key data releases domestically or offshore.
Weekly Forex & Interest Rate Outlook
We remain biased towards further upside as we approach the start of the RBNZ’s tightening cycle.While a 25bp hike is fully priced, there is scope for a market reaction if a fast start to