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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.
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Free AccessMNI Gilt Week Ahead
NZD/USD climbed 16 pips overnight and last.....>
KIWI: NZD/USD climbed 16 pips overnight and last deals at $0.6584, supported by
comments from U.S. President Trump, who struck a somewhat warmer note re: China,
as well as a spillover from stronger than exp. yuan fix from the PBOC. NZD
briefly outperformed all of its G10 peers before ebbing off of highs.
- NZ FinMin Robertson delivered the pre-budget speech today, noting that the
gov't has identified NZ$1.bn of spending that is no longer priority and hence
will be reallocated.
- Familiar technical picture remains in play, with bulls looking for a breach of
the $0.6600 mark. Above here would bring the 21-DMA at $0.6640 into view.
Meanwhile, a pullback through the May 8 YTD low of $0.6527 would open up the
channel support at $0.6481. As a reminder, our recent MNI ANALYSIS e-mail
highlighted that NZD/USD is locked in the short-term trend channel (see
https://emedia.marketnews.com/marketnewsintl/NZDUSD_Channel.png ).
- BusinessNZ m'fing PMI and PPI figures come out on Friday.
To read the full story
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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.