Trial now
USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

KIWI
KIWI: NZD was the underperformer among the majors overnight as U.S. equity
futures pulled back to neutral levels in early trade, although the subsequent
mild uptick in index futures did little to reverse the tide in the pair. NZD/USD
last 30 pips or so softer at $0.6805.
- The cross was supported by a broadly weaker USD on Wednesday & reports that
Peter Navarro will be side lined at the upcoming G20 summit, where U.S. Pres.
Trump is exp. to meet his Chinese counterpart Xi. This had allowed NZD/USD bulls
to clear the Nov 7 high of $0.6814, which they now need to reclaim to allow them
to look to $0.6870, where the rate peaked Tuesday. Meanwhile, bears eye a break
of yesterday's low at $0.6782 before targeting the Nov 14 low at $0.6756.
- AUD/NZD flow & the broader risk appetite are likely to remain key for the
remainder of the week, with a thin NZ docket apparent.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com