Post Tagged with: "NZD/USD technical analysis"
NZD/USD Outlook February 13-17
The New Zealand dollar retreated after 7 weeks of gains, as local worries, fear about China and dark clouds in Greece triggered a correction. Is this a change of trend? Retail sales and House price index are the major events awaiting us this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis
NZD/USD Outlook February 6-10
The kiwi continued rallying higher for another week. Is it unstoppable? Employment data are the major events this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD Last week new housing approvals jumped 2.1% in December rising 13% in from a year earlier; however 2011 has been a bad year
NZD/USD Outlook Jan. 30 – Feb. 3
Building Consents and employment data are the major events this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD Last week the Reserve Bank of New Zealand maintained its benchmark interest rate at 2.50% in light of ongoing uncertainty concerning global market conditions. Meanwhile Trade balance swung to surplus in
NZD/USD Outlook January 23-27
The New Zealand dollar seems unstoppable and continued pushing higher.for a fifth week in a row. RBNZ Rate Statement is the major event this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD Last week New Zealand business confidence plunged from 25 to 0 in the 4th quarter. The private
NZD/USD Outlook January 16-20
The kiwi pushed higher and even managed to weather the European storm. Will this strength continue? NZIER Business Confidence and inflation rate are the major events this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD Weak readings were released in the last 7 days with a widening trade balance
NZD/USD Outlook January 9-13
The New Zealand dollar had success in weathering the strength of the US dollar in a busy week. Trade balance and building consents are the major events lined up. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD The improvement seen in the US job market began helping the US dollar against risk currencies,
NZD/USD Outlook January 2-6 2012
The New Zealand dollar enjoyed a second week of gains through the holiday week. Also in the first week of 2012, there are no publications of economic indicators, so yet again, the outlook is technical only. End of year adjustments pushed the kiwi higher, despite worries from China. Will the Chinese landing hurt the kiwi in 2012?
NZD/USD Outlook December 26-30
The New Zealand dollar made nice gains before the holidays. Will this continue now? This holiday week doesn’t feature any events, so the outlook is only technical. New Zealand enjoyed strong growth in Q3 – 0.8%. But on the other hand, this came on top of significant downwards revisions for many quarters that preceded this one. The
NZD/USD Outlook December 19-23
The New Zealand dollar couldn’t withstand the European storm and dropped for another week. NBNZ Business Confidence, Current account and GDP are the highlight of this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD Last week figures revealed that New Zealand’s manufacturing sector contracted further in October, reaching 45.7
NZD/USD Outlook December 12-16
The kiwi fell and jumped, but eventually finished in the same place. Will it pick a direction now? Westpac Consumer Sentiment is the major event this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD Last week the Reserve Bank of New Zealand maintained rates at 2.50% despite the positive state of the