Tag Archives: NZD/USD
Waiting in the wings – NZ Consumer Price Index preview, Q4 2013
Lower fuel prices and a strong New Zealand dollar helped to restrain inflation to an estimated 1.4% in the year to December. Home-grown inflation pressures are picking up as the economy accelerates,
Daily FX Wrap and Strategy
The NZD weakened against a strong USD overnight, alongwith all of its peers. It sits at 0.8330 this morning.There was little news domestically to drive the currencyover the past 24-hours.
FX Daily Majors
Today’s highlights: USDCAD continues to rally strongly after the completion of a medium-term base, and we stay bullish for 1.1234 next.
Reality Check
Somebody once described a consensus as something that ‘everyone agrees tosay collectively that no-one believes individually.’ Given the relatively high levelof market unanimity over FX trades this year (we are no exception),
Daily FX Wrap and Strategy
The NZD/USD has extended its gains overnight to sit at 0.8390 this morning. A still fairly benign environment for risk appetite, post last week’s US payrolls data, is helping support the NZD.
USD/JPY bouncing from support. NZD/USD trades towards 0.8415.
EUR/USD: The earlier move up from support is so far not rejected. Withintraday goggles on there is something looking like a bullishflag forming.
Daily FX Wrap and Strategy
The NZD/USD sits notably higher at 0.8370 this morning.The NZD was a beneficiary of fairly placid marketsovernight and solid risk appetite, in the wake of lastFriday’s payrolls release.
FX Daily Majors
Today’s highlights: USDCAD maintains a medium-term base and we stay bullish for 1.1234 next, with scope to eventually push onto 1.1666/1727.
More €/JPY & NOK/SEK losses, NZD in demand.
EUR/USD: With the 1.3550/70 support now thoroughly tested themarket will most likely spend some time in roughly a 1.3570– 1.3770 range before making a new attempt to break lower.
Markets Outlook – 2014: A Year of Extreme Interest
Brace yourself. 2014 promises to be the year where the rubber really hits the road in the New Zealand economy and markets. A year that triggers some material shifts from the context of present extremes.
Weekly Forex & Interest Rate Outlook
The NZD has been the outperformer of 2014. Fundamentalssuggest that should continue.Our economic data pulse mode (Chart 2), which captureseconomic momentum, is riding high.
Weekly Commentary
Before large swathes of the population started theirannual migration to beaches and holiday hotspots aroundNew Zealand, there was a flurry of activity on theNew Zealand data calendar.