Tag Archives: NZD/USD
FX Daily Majors
Today’s highlights: * EURUSD has been capped by the 1.3627 61.8% retracement of the October/November barrier.
Daily FX Wrap and Strategy
Reversing its trend from last week, the NZD was the strongest performing currency over the past 24 hours.
US dollar set to strengthen in the short-term
USD: under pressure because of the Fed As expected, the US dollar failed to appreciate in a week shortened by the Thanksgiving celebration and bereft of any major economic statistics.
FX Daily Majors
Today’s highlights: * GBPUSD breaks to a new high for the year, and we look for further strength to 1.6619.
Terms of Trade spikes higher in QIII 2013
The Terms of Trade surged 7.5%, much higher than our and market expectations. From our perspective, the stronger thanexpected result largely reflected higher than expected export prices.
Weekly Forex and Interest Rate Outlook
NZD/USD continues to suffer from pro-US dollar sentiment. NZ fundamentals continue to shine, witness the surge in the momentum of NZ economic data during the past few months (Chart 2).
Markets Outlook Weekly
We realise that many will probably see this week’s Barfootand Thompson housing report as the big economic newsof the week. Covering the month of November,
Weekly Commentary
With the New Zealand economy showing some seriousupward momentum, interest rate markets are now fullypricing in a 25 basis point OCR increase in March next year
Daily FX Wrap and Strategy
This will be my last BNZ Markets Wrap & Strategy. Thanks for your interest and readership and over the past few years. All the best, Mike.
FX Viewpoint: to cut or not to cut
“Demand creates supply.” (ECB policy in a nutshell) Tapering is on…just not in the US. ECB’s excess liquidity declining further,
Weekly Forex Report
US data continue to be encouraging Despite quite resilient US data, showing only mild negative effects from the partial government shutdown in October,
FX Daily Majors
Today’s highlights: * EURJPY has achieved our long-held 139/141 medium-term target, which we look to cap at first for a correction lower. An eventual break can target 149.25.