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JGB TECHS

(U1) Tilted Higher

AUSSIE 10-YEAR TECHS

(U1) Uptrend Weakening

US TSYS SUMMARY

Bullard Kickstarts Reflation Unwind Theme

AUDUSD TECHS

Fresh 2021 Lows

KIWI
KIWI: NZD/USD has shed a handful of pips and trades at $0.6538. New Zealand's
gov't published the local Q4 job ads report, which showed a 0.3% Q/Q decline.
Elsewhere, RBNZ Asst Gov Hawkesby noted that a weaker NZD has helped "insulate
the economy from the global slowdown." He mentioned several sources of
uncertainty, including how banks will respond to the 2019 capital review.
- Elsewhere, NZ gov't revealed the details of its plans to boost transport
infrastructure, as part of the NZ$12bn fiscal spending package announced in Dec.
The announcement came just one day after PM Ardern set Sep 19 as the date of the
next general election.
- Yesterday saw NZD/USD falter initially, amid the persistent coronavirus worry,
before recouping virtually all of the previous losses later in the day.
- A dip under the channel support/200-DMA would allow bears to take aim at the
$0.6500 mark. Bulls look at yesterday's hammer candlestick with hope, keeping an
eye on the 50-DMA at $0.6585, followed by the Jan 24 high of $0.6629.
- New Zealand's trade balance will be out on Thursday, with ANZ Consumer
Confidence Survey due for publication on Friday.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com