Tag Archives: NZD/USD
Markets Outlook – High TWI Fails to Suppress CPI Inflation
Even with today’s stronger than expected Q4 CPI, when we weigh everything up, we still come down on the side of the RBNZ having to adhere to its word, of leaving the start of its stimulus-removal campaign until its March Statement,
Daily FX Wrap and Strategy
The NZDUSD opens little changed this morning at the0.8260 level, overnight it survived one shank lower in vapidmarkets that drew out buyers demand in front of the US 82cent level.
FX Daily Majors
Today’s highlights: EURUSD reinforces its top below 1.3548, and we stay bearish for 1.3458, then 1.3357/24.
€ weakness. €/JPY at support. NOK correction.
EUR/USD: With the late decline last week a bearish key week reversalwas created (here seen as a downside continuation pattern)hence enhancing our view of a forthcoming 1.33/34-test.
Weekly Forex & Interest Rate Outlook
Weak NZ inflation and housing data plus broad US dollar strength should hurt NZD/USD this week. NZ’s Q4 CPI release may alarm some with its low headline quarterly rate, although familiar observers will note Q4 is seasonally weak.
Weekly Commentary
The evidence continues to pile up that the economy is nowsteaming ahead – and signs are emerging that that’s startingto eat into spare capacity.
FX: surprise me not
With US data/speak front quiet, only EMU data can surprise this week – where to? Commodity currencies still under pressure, Chinese data, especially PMI on Thursday, is key…
FX Daily Majors
Today’s highlights: USDCAD is conducting a high-level consolidation, but the trend stays higher for 1.1234 next then 1.1666/1727.
The NOK continues to be under pressure
EUR/USD: A choppy intraday session, squeezed between the 1.3581support and the 1.3625/45 resistance end almostunchanged. The latest more was however an impulsive dropfrom 1.3650 to
NZD/USD – NZ’s Good News Now Well-Priced
Our core view sees the NZD/USD well supported through the first half of the year. Broadly, we see the current 0.8100-0.8400 trading range sustaining over this period.
Daily FX Wrap and Strategy
The NZD/USD sits a little higher at 0.8350 this morning,having touched as low as 0.8300 overnight.The biggest event locally over the past 24-hours was therelease of the disappointing AU employment reportyesterday afternoon.
FX Daily Majors
Today’s highlights: AUDUSD has collapsed lower overnight and we stay bearish for medium-term channel support at .8720, and ideally .8675.