Tag Archives: NZD/USD
Daily FX Wrap and Strategy
The NZD sits higher, around 0.8380 this morning. Yesterday was all about the NZ employment report. This showed the economic upswing is starting to show up in the labour market.
Asian Currencies Technicals
AUD/USD: The 21-DMA confirmed its significance as initial resistance capping the move higher again yesterday. A close above the 21-DMA remains needed to end hopes of retests of the $0.9390 level,
Daily FX Update
USDCAD UPSIDE RISK; EURUSD DOWNSIDE RISK * USD is weak as market focuses on potential for Fed to lower unemployment threshold but with some caution ahead of ECB & nonfarm.
FX Daily Majors
Today’s highlights: * NZDUSD has recovered strongly following its defence of key support at .8194/64, but we look for strength to be capped at .8435/47.
The Global Macro Pulse
Overnight Price Action The S&P 500 fell 0.3% overnight, but futures have rallied 0.5% in Asia.
QIII Employment Surges
Employment growth was much stronger than expected over Q3, surging 1.2% QoQ. This was accompanied by a strong liftin the participation rate and
Financial Markets Wrap – OctobER: Wake Us When It’s Over
• US Congressional dithering kept traded volumes light, volatility low, and ranges tight.
Daily FX Wrap and Strategy
The NZD outperformed overnight, in what was a fairly lacklustre session for currency markets. At around 0.8300, the NZD/USD is only a smidge higher than this time yesterday.
Asian Currencies Technicals
AUD/USD: The 21-DMA confirmed its significance as initial resistance yesterday. A close above the 21-DMA remains needed to relieve the bearish focus that is targeting retests of the $0.9390 level,
Economy Watch – November Outlook for Borrowers
We now see a first 25bps hike in June next year (March previously). We continue to see steady ‘normalisation’ of the OCR thereafter to a 4.50% cyclical peak in 2H 2015.
Daily FX Wrap and Strategy
The NZD sits a little higher at 0.8280 this morning. Yesterday’s ANZ commodity price index showed world prices for NZ’s main primary export products rose 1.3% in October.
Asian Currencies Technicals
AUD/USD continues to bounce from ahead of the $0.9390 Oct 4 low with the 21-DMA remaining initial resistance. A close back above the 21-DMA remains needed to