Free Trial

Trimming Wednesday's Gains

NZD

NZD/USD prints at $0.6260/65, the pair is ~0.2% lower this morning.

  • Kiwi is trimming yesterday's gain in today's Asia-Pac session. Ranges remain narrow thus far with NZD/USD sitting in a $0.6270/60 range for the most part. Cross asset flows are muted; US Tsy Yields are a touch lower and US Equity futures are unchanged.
  • Technically we remain in an uptrend; bulls target a break of the $0.63 handle which opens $0.6412 the high from 14 Aug. On the downside bulls look to breach the $0.62 handle and the 20-Day EMA ($0.6154).
  • AUD/NZD sits in a narrow range below the $1.08 handle.
  • On the wires early in today's session was December Consumer Confidence, which rose 1.3% to 93.1.
  • Looking ahead, the local docket is empty for the remainder of the week. Wider swings in risk sentiment will be the main driver in NZD this week.

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.