Free Trial

Pressured On Monday, Consumer Confidence Ticks Higher In Q2

NZD

NZD/USD prints at $0.6195/0.6200, the pair fell ~0.6% yesterday.

  • The kiwi consolidated weakness seen in the Asian session in Europe with losses extending through $0.62 handle.
  • Support was seen ahead of $0.6190 and losses were marginally pared.
  • Bears now look to target a break of the 20-Day EMA ($0.6159) , from here they can target year to date lows at $0.5985. Bulls immediate focus is on the 200-Day EMA ($0.6234).
  • AUD/NZD is consolidating above $1.10, ranges remain narrow with little follow through on moves.
  • On the wires a short time ago Q2 Consumer Confidence ticked higher to 83.1 from 77.7 prior.
  • Cross asset wise; BBDXY rose 0.2% and e-minis fell 0.1%. WTI futures fell ~0.7%.
  • The domestic data calendar is empty for the remainder of the session.

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.