That ‘risk on’ shift is getting underway

I wrote the other day wondering about a shift to ‘risk-on’ and this sentiment shift seems to be getting underway. Stocks, Commodities and the Commodity currencies are all enjo …
0 Comments Read more →

Slow-mo action as S&P500 attempts a breakout

The US$ is a bit weaker but the S&P500, Oil, the A/U, E/U and Kiwi are all bit higher in what appears to be general slow-motion activity whilst the S&P500 carves out new …
0 Comments Read more →

Nomura thinks RBNZ will cut rates in June

Overall, the statement continues to suggest that the RBNZ is likely to cut rates in the near future because of the deterioration in inflation expectations, the strong NZD and deter …
0 Comments Read more →

Morgan Stanley Trade of the Week: Sell NZDUSD

In the stronger USD environment, the NZD would end up weakening the most. It is not all about the USD though, New Zealand economic data continue to weaken, with business confidence …
0 Comments Read more →

BNP remains bearish AUD & NZD

Australia’s October jobs report surprised substantially to the upside, with a 58.6k rise in employment pushing the unemployment rate down to 5.9%. Interest rate markets have reac …
0 Comments Read more →

Westpac: Buy dips in NZD and sell EUR rallies

Look to buy dips in NZD/USD to 0.6620 with a stop at 0.6550.  Our process remains constructive NZD, even as risk assets have traded poorly after China’s easing last week. The s …
0 Comments Read more →

NZD/USD falls back below 0.66

NZD/USD posted a shooting star on the daily chart Channel breakout was a fake one and daily close sub-0.66 would confirm the short-term swing high at 0.6740 Unlikely 0.66 will hold …
0 Comments Read more →

NZDUSD: Kiwi holding above crucial 0.6500 support. For now…

NZD/USD: 0.6566 The Kiwi has now given up all its post-rate-cut short squeeze gains to 0.6694, finishing the week at close to Friday’s lows at 0.6566 and looking as though it cou …
0 Comments Read more →

NZD extends gains post-RBNZ; tests channel resistance

NZD/USD now testing the upper channel, after it has broken above .6650 resistance Kiwi has been bid since the RBNZ announcement; market was expecting more dovish comments and some …
0 Comments Read more →

Westpac expects RBNZ to cut rates to 2.0 % by Y/E

Following the weak New Zealand CPI, Westpac is out with a bearish call on New Zealand interest rates: We now expect the RBNZ to reduce the OCR to 2.0% by the end of this year. This …
0 Comments Read more →