Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
AUDNZD
AUD/NZD is dealing just off its highest level since mid November, the cross rallied on Wednesday in the wake of diverging CPI prints.
- The pair broke above its 50 and 200-day EMAs and has largely held gains through the remainder of the week.
- Bulls look to target $1.10, opening up $1.1101, the 61.8% retracement of the Sep-Dec fall.
- Bears firstly look to close below the 200-day EMA at $1.0908 to turn the tide.
- The AU-NZ 2-Year Govt Bond spread is comfortably off mid-December lows (near -170bp), last around -129bp, but the rate of improvement (in AUD's favor) has picked up pace in recent dealing.
- In the swap space, the AU-NZ 2yr spread is now back to -117bps, versus 140bps closing levels form last week, so nearly a full 25bps of improvement through this week.
Fig 1: AUD/NZD Spot & EMAs
Source: Market New International (MNI)/Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok