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EQUITY TECHS

E-MINI S&P (Z1): Watching The 50-Day EMA

BUNDS

Quick tech - At new intraday low

US TSY FUTURES

Extending Sell-Off

US TSY OPTIONS

Huge 5Y Put Buyer

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New Zealand's trade deficit widened in June, the 12-month ytd deficit widened to NZD 252m from a revised NZD 41m. Exports rose to NZD 5.95bn while imports rose to NZD 5.69b. Looking at thre breakdown by country China remains the biggest trading partner with exports rising to NZD 1.899bn from NZD 1.833bn.

  • NZD/USD unmoved after the data, last up 5 pips at 0.6979, key near-term support has been defined at $0.6881/76, which represent Jul 20 low/61.8% retracement of the Sep 24 - Feb 25 rally. Bulls look for renewed gains past Jul 15 high of $0.7045, which would give bulls a green light for targeting Jul 7 high of $0.7061.