NORGES: RATES PROBABLY AT CURRENT LEVEL QUITE SOME TIME

RATES MAY NEED TO BE ON HOLD LONGER THAN ENVISIONED: NORGES

MNI: NORGES BANK LEAVES RATES UNCHANGED AT 4.50%

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI China Daily Summary: Tuesday, April 30

MNI BRIEF: China To Keep Tackling Risks In Real Estate, Debts

MNI: BAKER HUGHES US RIG COUNT 605; OIL RIGS 499; GAS RIGS 102

BoE Data Watch

RBA Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Narrow Ranges On Thursday, Consumer Confidence On Tap

NZD

NZD/USD prints at $0.5960/65, the pair was ~0.2% firmer yesterday.

  • Narrow ranges persisted for the majority of Thursday's trading, with perhaps the proximity to today's NFP print limiting activity. A $0.5940/70 range was observed for the most part.
  • A recovery off session lows was seen alongside commodities extending gains as WTI finished up ~2.4%.
  • Bulls focus on a break of Aug 30 high ($0.6007) which opens the high from 10 Aug ($0.6118) and the 200-Day EMA ($0.6177). Bears look to break the low from 25 Aug ($0.5886) which opens $0.5841 (low from 10 Nov 22) and $0.5762, a Fibonacci projection.
  • AUD/NZD tested the $1.09 handle yesterday before paring gains through the session and sits at $1.0860/70 in early dealing.
  • Cross asset wise; S&P500 fell ~0.2% registering its first monthly fall since February. BBDXY was up ~0.3%, and US Tsy Yields were marginally lower across the curve.
  • On the wires at the top of the hour is Aug ANZ Consumer Confidence, there is no estimate and the prior read was 83.7.
BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange BulletsHomepage

To read the full story

Close

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.