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foreign exchange

NZD has climbed back over the 0.7300 USD mark on USD weakness and is expected to stay in the 0.7315 - 0.7360 range for a few days; NZDAUD at 0.9220 with little clear direction; Markets look to Jackson Hole Symposium beginning Thursday
22nd Aug 17, 3:47pm
by Guest
NZD has climbed back over the 0.7300 USD mark on USD weakness and is expected to stay in the 0.7315 - 0.7360 range for a few days; NZDAUD at 0.9220 with little clear direction; Markets look to Jackson Hole Symposium beginning Thursday
NZDUSD helped by weaker than expected US CPI data but remains susceptible to any further uptick in risk-aversion; NZDAUD continues to range trade; US-Korea tensions ease; Chinese data disappoints
15th Aug 17, 3:50pm
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NZDUSD helped by weaker than expected US CPI data but remains susceptible to any further uptick in risk-aversion; NZDAUD continues to range trade; US-Korea tensions ease; Chinese data disappoints
NZDUSD broke the 0.7400 support level as the USD strengthened and is trading at 0.7351, close to the 0.7340 support level; NZD also lower against the AUD; NZD direction dependent on the RBNZ statement this week
9th Aug 17, 7:45am
by Guest
NZDUSD broke the 0.7400 support level as the USD strengthened and is trading at 0.7351, close to the 0.7340 support level; NZD also lower against the AUD; NZD direction dependent on the RBNZ statement this week
NZD trading at 0.7519 USD on a weak USD; USD down 2.6% for the month as continuing upheavals in the Trump administration and lack of progress on tax agenda attracted USD selling, direction to be driven by data releases this week
1st Aug 17, 3:27pm
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NZD trading at 0.7519 USD on a weak USD; USD down 2.6% for the month as continuing upheavals in the Trump administration and lack of progress on tax agenda attracted USD selling, direction to be driven by data releases this week
Political paralysis has weighed on the USD; NZD consolidating around the 0.7430 USD area and has bounced back against AUD to 0.9379 AUD; Fed Funds rate meeting this week expected to have no surprises
25th Jul 17, 12:40pm
Political paralysis has weighed on the USD; NZD consolidating around the 0.7430 USD area and has bounced back against AUD to 0.9379 AUD; Fed Funds rate meeting this week expected to have no surprises
USD weakness has been the main theme for the week, driven by Fed speakers, data and Trump administration; NZD has underperformed over this time and is lower on other crosses, not helped by soft inflation data
18th Jul 17, 12:12pm
USD weakness has been the main theme for the week, driven by Fed speakers, data and Trump administration; NZD has underperformed over this time and is lower on other crosses, not helped by soft inflation data
NZDUSD trapped in the 0.7250 and 0.7340 range for three weeks and a downside bias likely; NZDAUD also likely to have a downside bias; US data shows low unemployment but not broad based wage gains
11th Jul 17, 12:24pm
NZDUSD trapped in the 0.7250 and 0.7340 range for three weeks and a downside bias likely; NZDAUD also likely to have a downside bias; US data shows low unemployment but not broad based wage gains
NZD has performed well against the USD and AUD and currently trades at 0.7293 and 0.9596 respectively; USD supported by Fed policy to normalise interest rates despite soft data; commodity prices expected remain choppy
27th Jun 17, 4:22pm
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NZD has performed well against the USD and AUD and currently trades at 0.7293 and 0.9596 respectively; USD supported by Fed policy to normalise interest rates despite soft data; commodity prices expected remain choppy
NZD expected to hold the 0.7170 - 0.7250 USD range ahead of RBNZ's OCR announcement on Thursday; big 4 Australian banks see credit downgrade, but AUD bounced back from the news on the back of an iron ore price rally
20th Jun 17, 3:16pm
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NZD expected to hold the 0.7170 - 0.7250 USD range ahead of RBNZ's OCR announcement on Thursday; big 4 Australian banks see credit downgrade, but AUD bounced back from the news on the back of an iron ore price rally
Market expects a 0.25% rate hike this week, but there is uncertainty around the number of hikes planned for the remainder of the year; NZD to hold 0.7200 USD level until FOMC announcement; GBP under pressure after election
13th Jun 17, 3:51pm
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Market expects a 0.25% rate hike this week, but there is uncertainty around the number of hikes planned for the remainder of the year; NZD to hold 0.7200 USD level until FOMC announcement; GBP under pressure after election
NZD now above 0.7100 USD and continues to outperform AUD; UK election, ECB meeting and Comey testimony key events for the week; Fed expected to increase rates despite weak economic data
6th Jun 17, 3:47pm
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NZD now above 0.7100 USD and continues to outperform AUD; UK election, ECB meeting and Comey testimony key events for the week; Fed expected to increase rates despite weak economic data
NZD trading at 0.7046 USD after hitting at a 2 month high of 0.7090, consolidation at current levels expected; AUD suffers as commodity prices struggle, NZDAUD traded at a 3 month high of 0.9524 last night
30th May 17, 4:31pm
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NZD trading at 0.7046 USD after hitting at a 2 month high of 0.7090, consolidation at current levels expected; AUD suffers as commodity prices struggle, NZDAUD traded at a 3 month high of 0.9524 last night
New international foreign exchange market code aims to create greater confidence in the forex markets and ensure they operate in the interests of all market participants
26th May 17, 10:16am
by Guest
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New international foreign exchange market code aims to create greater confidence in the forex markets and ensure they operate in the interests of all market participants
NZD back above 0.7000 USD and 0.9300 AUD; US markets have calmed after Trump's tour to Saudi Arabia; AUD began the week on a more positive note holding over 0.7400 USD
23rd May 17, 6:17pm
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NZD back above 0.7000 USD and 0.9300 AUD; US markets have calmed after Trump's tour to Saudi Arabia; AUD began the week on a more positive note holding over 0.7400 USD
Supportive fundamentals are countered by RBNZ's neutral policy, which limits upside potential of the NZD; AUD back above the 0.7400 USD level, however overall tone remains negative; US data releases mixed but overall positive trend in economy expected
16th May 17, 5:38pm
by Guest
Supportive fundamentals are countered by RBNZ's neutral policy, which limits upside potential of the NZD; AUD back above the 0.7400 USD level, however overall tone remains negative; US data releases mixed but overall positive trend in economy expected
NZDUSD currently trading at 0.6903, a move towards 0.7000 possible; AUD under pressure as Chinese data and iron ore prices take effect; primary support for USD are Fed decisions as Trump policies look increasingly diluted
9th May 17, 7:18pm
by Guest
NZDUSD currently trading at 0.6903, a move towards 0.7000 possible; AUD under pressure as Chinese data and iron ore prices take effect; primary support for USD are Fed decisions as Trump policies look increasingly diluted
NZDUSD lost almost 200 points last week and is now trading at 0.6918; with the French elections this weekend, expect choppy European markets this week; soft US data releases lately indicate that the health of the economy may have been overstated
2nd May 17, 4:47pm
by Guest
NZDUSD lost almost 200 points last week and is now trading at 0.6918; with the French elections this weekend, expect choppy European markets this week; soft US data releases lately indicate that the health of the economy may have been overstated
NZDUSD has recovered to 0.7000 level, however NZD weakness is expected in the near term; against the AUD, NZD likely to be rangebound after facing resistance at the 0.9300 level; mixed USD data and Trump comments have added volatility to the markets
18th Apr 17, 4:36pm
NZDUSD has recovered to 0.7000 level, however NZD weakness is expected in the near term; against the AUD, NZD likely to be rangebound after facing resistance at the 0.9300 level; mixed USD data and Trump comments have added volatility to the markets
NZD is currently trading at the 0.6950 level after testing a 0.6920 low, look for a move to the 0.6900 level over the next week; against the AUD the NZD has been firm and upside potential remains; USD strength to continue as Fed rate rises
11th Apr 17, 4:20pm
by Guest
NZD is currently trading at the 0.6950 level after testing a 0.6920 low, look for a move to the 0.6900 level over the next week; against the AUD the NZD has been firm and upside potential remains; USD strength to continue as Fed rate rises
NZD at 0.70 USD levels and has risen to around the 0.92 AUD level, expected to drift downwards against USD and upwards against AUD; Despite Trump administration's difficulties in enacting policy, the US economy continues to grow at a slow and steady rate
5th Apr 17, 7:38am
by Guest
NZD at 0.70 USD levels and has risen to around the 0.92 AUD level, expected to drift downwards against USD and upwards against AUD; Despite Trump administration's difficulties in enacting policy, the US economy continues to grow at a slow and steady rate
NZD consolidated against the USD and outperformed the AUD over the last week, this trend looks to continue in the coming week; USD softens as markets question Trump's ability to deliver promised tax cuts
28th Mar 17, 4:32pm
by Guest
NZD consolidated against the USD and outperformed the AUD over the last week, this trend looks to continue in the coming week; USD softens as markets question Trump's ability to deliver promised tax cuts
NZDUSD spiked to 0.7072 Monday night but was unable to hold, currently trading at 0.7058; Wednesday's GDT prices are expected to be lower as futures prices are down 5%; AUD has rallied over 0.7700 USD, supported by stronger commodity prices
21st Mar 17, 4:38pm
by Guest
NZDUSD spiked to 0.7072 Monday night but was unable to hold, currently trading at 0.7058; Wednesday's GDT prices are expected to be lower as futures prices are down 5%; AUD has rallied over 0.7700 USD, supported by stronger commodity prices
NZDUSD has held on the 0.6910 level this week but remains at risk to weak local data and a Fed statement that is more aggressive than expected; NZD continues to struggle against the AUD, as the latter is supported by firm commodity prices
14th Mar 17, 4:05pm
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NZDUSD has held on the 0.6910 level this week but remains at risk to weak local data and a Fed statement that is more aggressive than expected; NZD continues to struggle against the AUD, as the latter is supported by firm commodity prices
New Zealand fundamentals remain strong but rising US rates likely to put NZD under pressure; AUD too under pressure from USD despite strong commodity prices; USD payroll data on Friday likely to be pivotal for both NZD and AUD
7th Mar 17, 3:52pm
by Guest
New Zealand fundamentals remain strong but rising US rates likely to put NZD under pressure; AUD too under pressure from USD despite strong commodity prices; USD payroll data on Friday likely to be pivotal for both NZD and AUD
NZDUSD still around the 0.7180 mark, with support at 0.7130 and resistance expected at 0.7240; AUD lower against the USD and NZD and further downward pressure is expected
28th Feb 17, 6:00pm
by Guest
NZDUSD still around the 0.7180 mark, with support at 0.7130 and resistance expected at 0.7240; AUD lower against the USD and NZD and further downward pressure is expected