FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NZD/USD Fails To Hold Above 0.6010, Conway To Speak

NZD
  • NZD/USD has remained rangebound as we head into the Asia break, the pair briefly traded above Monday highs of 0.6013, but has been unable to hold above there, although we still hold above 0.6000. Ranges have remained tight trading in about a 15 pip range and we currently trade back at 0.6006.
  • Key levels to watch: Initial support at 0.5986 (Mar 25 lows), below here 0.5941 (Nov 17 lows). Initial resistance at 0.6050 (Mar 22 high), a break above opens a move to the 0.6085 (200-day EMA).
  • RBNZ Chief Economist Paul Conway speaks to a Chartered Accountants A +NZ event, although there will be no speaking notes and media will not be in attendance.
  • Upcoming expiries: US$570m puts with a 0.6000 strike & US$170m calls with a 0.6030 strike for March 27th NY Cut
  • Looking ahead today, New Zealand Government Budget Policy Statement is due out on Wednesday
Homepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
Homepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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.