Forex Crunch » kiwi

Roller-coaster Friday

Yohay — Fri, 30 Sep 2011 08:20:12 +0000

It’s a Friday and the last day of the month and also the quarter. Furthermore, this has been the worst quarter for equities for three years, with the MSCI World index down nearly 18% and the S&P500 down nearly 14%. So far, this has proven to be a relatively steady week for the dollar, with the dollar index only a shade softer vs. Monday’s opening levels.

It’s been European stocks where the gains have been concentrated, with the EuroStoxx50 up just over 9% on the week vs. around 1.5% for US stocks. However, the fact that US equities have remain subdued into the quarter-end suggests only limited rebalancing by portfolio managers back towards benchmark levels and perhaps a greater acceptance of the weaker state of the global economy. Nevertheless, there remains scope for significant volatility today as positions are further adjusted.

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The beginning of the end of QE?

Yohay — Wed, 30 Mar 2011 08:13:13 +0000

The next meeting of the FOMC may still be four weeks ago, but Fed officials have been hitting the newswires en masse recently declaring that they would like to see quantitative easing end in June. Yesterday, the dollar got a boost from some hawkish comments from St Louis Fed President Bullard, who declared that the Fed could decide on tightening policy ahead of clarification of the outlook for the global economy.

Like some of his compatriots, Bullard is conscious of the fact that monetary policy would still be extremely accommodative even if the Fed started the process of normalising policy. Bullard last week expressed a desire to see QE reviewed and possibly ended early, while Philly Fed President Plosser explained that the Fed’s holdings of treasuries could be wound down at the same time as interest rates were raised.

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NZD/USD Outlook – September 6-10

Yohay — Sat, 04 Sep 2010 22:45:07 +0000

The kiwi expects a rather lightweight week in terms of economic indicators, so the technicals will play a bigger role. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD.

NZD/USD daily graph with support and resistance lines on it. Click to enlarge:

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NZD/USD Outlook – August 30 – September 3

Yohay — Sun, 29 Aug 2010 00:14:18 +0000

4 events await kiwi traders in the upcoming week, with the business confidence being the highlight. Here’s an outlook for the events in New Zealand and an updated technical analysis for NZD/USD.

NZD/USD daily chart with support and resistance lines marked. Click to enlarge:

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NZD/USD Outlook – August 9-13

Yohay — Sat, 07 Aug 2010 21:00:48 +0000

Retail sales and other figures will shape the direction of the kiwi in the upcoming week. Here’s an outlook for the events that will move the New Zealand dollar, and an updated technical analysis for NZD/USD.

NZD/USD chart with support and resistance lines marked. Click to enlarge:

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NZD/USD Outlook – August 2-6

Yohay — Sat, 31 Jul 2010 18:20:34 +0000

Employment figures dominate the upcoming week’s kiwi trading. Here’s an outlook for the events in New Zealand and an updated technical analysis for NZD/USD.

NZD/USD daily chart with support and resistance lines on it. Click to enlarge:

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NZD/USD Outlook – July 26-30

Yohay — Sat, 24 Jul 2010 15:07:28 +0000

The rate decision is the highlight in New Zealand’s events this week – another raise will definitely support the kiwi. Here’s an outlook for the events that will move the kiwi dollar and an updated technical analysis for NZD/USD.

NZD/USD chart with support and resistance lines on it. Click to enlarge:

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NZD/USD Outlook – July 19-23

Yohay — Sat, 17 Jul 2010 14:31:12 +0000

This week’s isn’t too busy with indicators, so the technicals will play a significant role in the kiwi’s trading. Here’s an outlook for the events in New Zealand and an updated technical analysis for NZD/USD.

NZD/USD daily chart with support and resistance lines marked. Click to enlarge:

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NZD/USD Outlook – July 12-16

Yohay — Sun, 11 Jul 2010 07:15:06 +0000

Retail sales and the all-important CPI are the major events that will rock the kiwi this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD.

NZD/USD daily chart with support and resistance lines. Click to enlarge:

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NZD/USD Outlook – June 28 – July 2

Yohay — Sat, 26 Jun 2010 15:25:43 +0000

Business confidence is the highlight of kiwi events in the upcoming week. Here’s an outlook for these events and an updated technical analysis for NZD/USD.

NZD/USD daily chart with support and resistance lines on it. Click to enlarge:

Read the rest of the article NZD/USD Outlook – June 28 – July 2