Tag Archives: NZD/USD
Corporate Hedging Monthly – Monitor
The corporate hedging monitor is slightly less bullish EUR/USD than two months ago as a result of the EUR being less undervalued on a FEER basis.
Markets Outlook – Dear Prudence
With the Reserve Bank intent on slowing house price inflation, who can ignore its six-monthly Financial Stability Report (FSR), due Wednesday 9am.
Weekly Commentary
Last week’s labour data provided further confirmation thatthe economy grew strongly in the September quarter, butalso suggested that wage pressures are a way off yet.
Daily FX Wrap and Strategy
The NZD was the strongest performing currency last week. Actually, the more appropriate title might be ‘least worst’ performing,
Asian Currencies Technicals
After remaining capped on attempts higher at the 21-DMA last week the AUD/USD continued its move lower, dipping below both the 55-DMA ($0.9376) and
FX Viewpoint: USD bulls awake
“I think I will abstain from judging the markets. This is one of the hardest things to do and it is usually quite useless because they do what they want, no matter what.”
EUR down as a result of ECB decision-making
The euro extended its correction this week, setting a low of 1.33 against the US dollar, before recovering above 1.34 following Thursday’s surprise interest rate cut by the European Central Bank (ECB).
FX Daily Majors
Today’s highlights: * EURUSD breaks key price, trendline and 38.2% retracement support at 1.3464/21 to mark a better top, for 1.3220 initially.
Protein Power: China’s Rebalancing, New Zealand, and the NZD
In this note we take a quick look at what the Chinese economic rebalancing could mean for NZ and the NZ dollar.
Daily FX Wrap and Strategy
After sleeping through most of this week, currency markets received a rude awakening from central banks overnight. The ECB cut rates, the Czech National Bank intervened aggressively,
Asian Currencies Technicals
AUD/USD: The 21-DMA confirmed its significance as initial resistance capping the move higher again yesterday before the aussie headed sharply lower, pausing above the Nov 1 low.
FX Daily Majors
Today’s highlights: * GBPUSD has found selling at 1.6115/25 – the “neckline” to the recent top and 61.8% retracement barrier.