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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.
NZD
NZD/USD overnight implied volatility sits at 17.3650% as option markets price in a $0.6095-$0.6225 range in the aftermath of today's RBNZ meeting.
- Implied volatility sits a touch below levels seen before May's RBNZ meeting and well within the yearly range.
- Overnight risk reversals are skewed to the downside, however the skew is only marginally and briefly turned positive last week.
- Bulls look to target a break of the $0.62 handle which opens the 200-Day EMA ($0.6233). On the downside bears immediate focus is on the 20-Day EMA ($0.6126).
- The MNI preview of the FOMC meeting is here.
Fig 1: NZD/USD Overnight Implied Volatility
Source: MNI/Bloomberg
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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