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MNI: US HOUSE FINANCIAL SERVICES ANNOUNCES HEARING ON SVB, SIG

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Rangebound, ANZ Business Survey On Tap

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NZD/USD prints at $0.6492, ~0.2% firmer in yesterday's trading.

  • The pair dealt in tight ranges through the European session, respecting ranges seen in previous sessions.
  • Stronger than expected US GDP initially saw the USD gain before reversing in volatile trade. NZD/USD met resistance above $0.65.
  • Initial weakness in US Equities saw kiwi offered, support came in at $0.6460 and the pair rallied from session lows to current levels.
  • Cross asset signals were mixed, DXY was up ~0.2% and the S&P500 closed up 1.1%. US 10 Year Treasury Yields were ~6bps firmer.
  • NZD/USD is consolidating, bulls look to break $0.6530, high from Jan 18, opening up $0.66 round number resistance. Bears first target 20-day EMA at $0.6409.
  • On the wires today we have the January ANZ Business Survey, there is no estimate for the print. Business Confidence prior reading was -70.2, Activity Outlook prior reading was -25.6.
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NZD/USD prints at $0.6492, ~0.2% firmer in yesterday's trading.

  • The pair dealt in tight ranges through the European session, respecting ranges seen in previous sessions.
  • Stronger than expected US GDP initially saw the USD gain before reversing in volatile trade. NZD/USD met resistance above $0.65.
  • Initial weakness in US Equities saw kiwi offered, support came in at $0.6460 and the pair rallied from session lows to current levels.
  • Cross asset signals were mixed, DXY was up ~0.2% and the S&P500 closed up 1.1%. US 10 Year Treasury Yields were ~6bps firmer.
  • NZD/USD is consolidating, bulls look to break $0.6530, high from Jan 18, opening up $0.66 round number resistance. Bears first target 20-day EMA at $0.6409.
  • On the wires today we have the January ANZ Business Survey, there is no estimate for the print. Business Confidence prior reading was -70.2, Activity Outlook prior reading was -25.6.