Tag Archives: NZD/USD
FX Daily Majors
Today’s highlights: GBPUSD stays on course for the measured target from its medium-term base at 1.6691, potentially the 1.6748 peak of 2011.
Daily FX Wrap and Strategy
The NZD has crept a little higher to sit around 0.8340 this morning. Yesterday’s BNZ PMI showed NZ’s manufacturing sector started 2014 on a healthy note. January’s reading of 56.2 is well above 50,
FX Daily Majors
Today’s highlights: EURGBP’s collapse from the .8351/66 barrier keeps us bearish and turns attention back to key support at .8165/55.
Sell AUD – buy JPY. NOK/SEK liked higher.
EUR/USD: The corrective bounce from yesterday’s low point isexpected to turn down from the 1.3620/30-area and shouldaccordingly be sold with a stop above 1.3655.
BNZ Weekly Overview
We’ve received almost no fresh information on the state of the NZ economy this week beyond the ElectronicCard Transactions data yesterday and the REINZ monthly dwelling sales data.
Interest Rate Strategy – The RBNZ Will Wait For No Man
There is historic precedent for the RBNZ to lead the US Fed in raising the official cash rate
Daily FX Wrap and Strategy
The NZD sits around 0.8320 this morning, having traded as high as 0.8360 overnight. The NZD gained a boost yesterday afternoon, along with the AUD, on the back of better than expected China trade data.
FX Daily Majors
Today’s highlights: AUDUSD spotlight turns to important resistance at .9078/87, a break above which would see a base.
Daily FX Wrap and Strategy
As risk appetite continues to recover in global markets the NZD/USD has crept higher. It sits at 0.8340 this morning. Domestically, it was another fairly low-key day yesterday.
FX Daily Majors
Today’s highlights: USDCAD has found support at 1.0981/66, but above 1.1123/40 is needed to turn the trend higher again.
Daily FX Wrap and Strategy
In a quiet night the NZD/USD has traded sideways above0.8260.In the absence of key domestic or offshore data releasesthere has been little to provide direction for the NZD.
The euro threatened by deflation
Calm returns for emerging currencies Some calm returned to emerging markets last week, as several central banks (including those of Turkey, South Africa and India) announced interest rate hikes.