Results for 'NZDUSD'
14 articles with this tag name
Updated Apr 9, 2013 6:45:00 PM
Sure enough, the NZDUSD bullish technical backdrop highlighted on March 21st proved to be correct as Kiwi broke above the highlighted 0.8350 level with ease. More importantly, it failed to trade back below the aforementioned level after it closed above it on a daily basis. This, in conjunction with the fact that daily RSI broke above the key 60/65 zone, indicated the uptrend was back in play. Presently, NZDUSD is finding some resistance into 0.8525/35,
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Updated Feb 20, 2013 6:35:00 PM
FX MAJORS: COMMODITIES & EQUITIES: 1 Reference is for informational purposes only and is not offered to US clients Follow us on Twitter for more TECHNICAL UPDATES throughout the day!
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Updated Dec 11, 2012 7:20:00 PM
With the U.S. FOMC interest rate announcement due out within 24-hours, we felt it was pertinent to highlight many of the key technical levels in various markets as there could be an extreme amount of volatility depending upon their decision. FX MAJORS: EMERGING FX: COMMODITIES: EQUITIES & YIELDS: 1 Reference is for informational purposes only and is not offered to US clients Follow us on Twitter for more TECHNICAL UPDATES throughout the day!
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Updated Dec 6, 2012 3:20:00 PM
Summary Outlook: On Friday, December 7th, at 0830ET/1330GMT the United States is forecast to report a change in Non-farm Payrolls (NFP) of +86K (prior +171K; range +15/+145K), a change in private payrolls of +90K (prior +184K; range +20K/+155K), and a steady unemployment rate of 7.9% (range 8.1/7.9%), according to Bloomberg market surveys. The recent downtick in many employment indicators of late has market participants looking for a rather uninspiring November payrolls number – ADP
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Updated May 12, 2013 8:11:44 PM
The kiwi is testing a support zone against the USD dollar, after broad USD strength and speculation of further intervention from the RBNZ to lower the commodity currency sent the pair into a free-fall last week. USD strength came on the back of better than expected US economic data and repositioning out of US treasuries, which resulted in massive moves across the FX board. NZD was also hit by the announcement that the RBNZ has
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Updated May 17, 2013 3:15:00 PM
The Kiwi has continued to decline over the past few days, largely following in the footsteps of the Aussie, and further downside could still be on the horizon. That said, this move may be attributed to not only USD strength, but also NZD weakness as the market has slowly been coming around to the notion we highlighted on Monday, “the implementation of such (macro-prudential) measures essentially takes the possibility of future rake hikes off the
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Updated Dec 6, 2012 7:40:00 PM
The U.S. dollar saw a mixed performance versus the rest of the G10 today, strengthening relative to the Euro and consequently the CHF & DKK as they are highly correlated to it, meanwhile weakening versus the NZD & AUD. However, this mixed performance was largely due to a mix of economic data and central bank announcements over the past 24-hours: While EUR/USD caught most of the headlines today on the back of a break below
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Updated Apr 16, 2013 9:00:00 AM
Market movements so far today have been much calmer than they have been in recent days. Gold seems to have made a temporary base at $1,322- the low from yesterday – and has staged a fairly impressive recovery so far today. It managed to break above this morning’s prior high at $1,380 and is now testing $1,1400. A period of consolidation is to be expected, after all the market can’t continue to drop $150 per
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Updated Mar 14, 2013 8:00:00 AM
The morning session was littered with central bank announcements including from the SNB, Norges Bank and last night’s RBNZ meeting. The doves have the upper hand at all three banks – the SNB kept rates on hold at 0% and also pledged to buy “unlimited amounts” of euro to maintain the EUR/CHF peg at 1.20. The Norges bank said that the key interest rate could be kept lower for longer and it may cut rates
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Updated Apr 22, 2013 11:04:11 PM
The Reserve Bank of New Zealand has a monetary policy meeting tomorrow, at which the bank is expected to keep the official cash rate at 2.5%. While we think there is little chance the RBNZ will move on interest rates, the tone of the bank will be watched closely. The stubbornly high kiwi dollar has been a thorn in the side of the NZ economy for a while and the RBNZ has been very vocal
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