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Firmer, Consolidating Tuesday's Gains

NZD

NZD/USD prints at $0.6255/60, ~0.1% firmer in today's trading.

  • The pair is consolidating yesterday's gains, firming in early trade as US equity futures and regional equities rise boosting risk sentiment.
  • We currently sit a touch below the 200-Day EMA ($0.6269), a break through here re-establishes the uptrend for bulls.
  • AUD/NZD prints at $1.0700/10, ~0.3% softer today. A weaker than expected CPI print from Australia is weighing on the cross.
  • Cross asset wise, E-minis are ~0.4% higher and the Hang Seng is up ~2.5% after Alibaba rose 14% in the US on news of an overhaul that will see the company split into six business units. BBDXY is ~0.1% firmer.
  • Early tomorrow morning Feb Building Permits will cross, also on the wires is the March ANZ Business Survey.

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