Tag Archives: NZD/USD
US Morning Update
Major Overnight Headlines • BoE’s expands collateral range, cheapens lending terms as reserves averaging remains suspended for now
FX Daily Majors
Today’s highlights: * USDCAD’s upside break through 1.0421/27 sets a better base to test trendline resistance at 1.0500/13 next.
The Global Macro Pulse
Overnight Price Action Asian stocks sold off, led by 1.5% falls in both the Nikkei and Shenzhen.
Daily FX Wrap and Strategy
After putting up a something of a fight yesterday, the NZD sell-off resumed overnight. In fact, the NZD/USD’s ¾ of a cent slide (to 0.8350) has been enough for the kiwi to
Asian Currencies Technicals
AUD/USD followed up Wednesday’s bearish key day reversal with a continuation lower that paused just short of the $0.9568 support and the rising daily trend line off the Aug 30 low.
FX Daily Strategist: US
Little to stop EURUSD rally ahead of November 7 ECB meeting The Eurozone October flash PMIs came in lower than expected today (composite at 51.5 down from 52.2) though remaining above 50.
FX Daily Majors
Today’s highlights: * USDCHF completes a major top below .8931, for .8862 initially, then .8568/18.
Global growth outlook unaffected by US political drama
* We have left our global economic growth forecasts unchanged at 2.8% for 2013 and 3.6% for 2014.
Economy Watch – Powder Power
This morning’s September trade figures confirmed several general themes we have been discussing for a while, namely: – Recovery from the early-2013 drought – High prices for primary exports,
RBNZ Preview: Inflation higher than expected, but so is the NZD
* The NZD has appreciated since the RBNZ’ September Review, mostly due to international developments.
Daily FX Wrap and Strategy
The NZD/USD was the weakest performer relative to its key peers over the past 24-hours. It trades at 0.8390 this morning.