Results for 'NZD'
52 articles with this tag name
Updated Mar 5, 2013 3:40:00 PM
In mid-January we cited a potential Dow Theory confirmation on the horizon, as the Dow Jones Transportation Average broke above its previous 2012 highs, meanwhile the Dow Industrials remained below its 2012 highs of 13,660/65. This is precisely what chartists would expect to be the case as Charles Dow himself often found the Transportation average to be a leading indicator, based on the concept that goods would first need to be transported before they could
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Updated Dec 1, 2011 3:45:00 PM
US Nov. Employment Report Summary Outlook: On Friday, Dec. 2 at 0830ET/1330GMT, the November employment report will be released. Expectations are for a non-farm payrolls change of +125K (prior +80K; range of estimates +75/+175), a private payrolls change of +150K (prior +104K; range +110/+190), and a steady 9.0% unemployment rate, according to Bloomberg surveys. This past Wednesday, the ADP national employment report, roughly comparable to private payrolls, showed a +206K increase, larger than the expected
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Updated Jan 5, 2012 3:55:00 PM
December US Employment Report Summary Outlook: On Friday, January 6, at 0830ET/1330GMT, the US Dept. of Labor will release December 2011 jobs statistics. The consensus expectation for the change in non-farm payrolls (NFP) is +155K (prior +120K/range of estimates +80/+220K); the consensus for the change in private payrolls is +175K (prior +140K/range +130K/+230K); and the unemployment rate is expected to rise to 8.7% from 8.6% (range 8.5%/8.8%), according to Bloomberg surveys of economists. The usual
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Updated May 9, 2013 6:24:43 PM
A massive push into USD and away from JPY sent some of the other majors running for cover. AUDUSD is dangerously close to parity and EURUSD is hovering just above 1.3000, but a key support zone around 0.8355 held its ground in NZDUSD. This suggests the bulls may be in overall control of the kiwi and NZDJPY may be gearing up for a breakout on the upside. NZDJPY is very close to the top
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Updated May 16, 2013 6:47:48 PM
NZDCAD has been selling off hard since late April due to a broader flood out of the kiwi, which overshadowed a push higher in USDCAD. Whilst the main driving force behind recent weakness in NZDUSD and strength in USDCAD was a surge towards the US dollar, the NZ dollar was also hit by news that the RBNZ had intervened in the currency market to devalue the kiwi and may do so again. Furthermore, NZDCAD broke
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Updated May 15, 2013 3:15:00 PM
On May 8, we suggested that NZD/USD may fall towards its 200-day simple moving average (SMA) and channel support. The pair not only tested that level, but it broke below the notable support zone. Today, NZD/USD is seeing a bit of a rebound after finding horizontal support ahead of the 0.8170/80 area (also the 55-week SMA). A rally in the pair may present a technical opportunity as previous support often becomes resistance. The key level
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Updated May 8, 2013 10:15:00 AM
Reserve Bank of New Zealand (RBNZ) Governor Wheeler’s comments last night caused a stir in the NZD and sent the currency lower. Wheeler reiterated that the exchange rate is significantly overvalued, but what markets responded to was his acknowledgement that the RBNZ has sold NZD and is capable of further intervention. The Bank has taken this approach as opposed to a rate cut as Wheeler noted that the Australian rate cuts did not curb AUD
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Updated Dec 10, 2012 4:05:00 PM
The dollar is trading softer today amid a lack of fresh US economic data and ahead of the FOMC meeting. Tomorrow, the Fed kicks of its last policy meeting before the expiration of the Maturity Extension Program (aka Operation Twist) and the combination of lower US treasury yields, higher equities, and a weaker greenback that we are seeing today is consistent with a market that is anticipating additional Fed stimulus. President Obama gave a speech
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Updated Jan 30, 2013 4:20:00 PM
The dollar was mostly softer against the majors after Q4 GDP unexpectedly contracted and as the FOMC maintained its rate of asset purchases at $85B per month while noting a pause in economic activity. US labor data was better than expected, however this was offset by downward revisions to the prior month. In New Zealand, rates were kept steady at 2.50% as expected. The euro continued its ascent with EUR/USD breaking above the 1.35 figure
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Updated Apr 29, 2013 3:45:00 PM
The dollar is weaker against all of its major counterparts after a slew of mixed data. With the Fed meeting later this week, the PCE index was of significance as it is the Fed’s preferred measure of inflation. The core reading slowed significantly to 1.1% y/y in March from the prior 1.3% while the market consensus was for a slight drop for 1.2%. Treasury yields are mostly lower and US equities are higher which is
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