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BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD softened a little overnight, to touch 0.8440, before returning to sit above 0.8460 this morning.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: US data will be the focus tonight with the historic but important nonfarm payrolls and the current and potentially overlooked October Richmond Fed. The USD is bound to be the prime mover overnight. RATES: Local rates are likely to open slightly higher.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: ANZ consumer confidence should keep the positive economic momentum alive for the NZD. Overnight, markets will focus on the Philadelphia Fed and jobless claims to gauge shutdown damage to the US.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: NZ CPI will give us a brief respite from focusing on US politics. ANZ expects little persistent NZD/USD reaction from a surprise, but a strong CPI should see NZD/AUD supported for the medium term.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: Markets remained focused on debt ceiling negotiations, with Obama to meet with key congressional leaders at 8am NZT. RBA minutes will be the NZD/AUD focus, with US Empire manufacturing a rare bit of real US data.

BNZ Daily Markets Wrap and Strategy

NZD In quiet, holiday-hampered markets overnight the NZD/USD inched a little higher, to sit above 0.8360 this morning.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: The focus this week is US politics, but with the US out for Columbus Day today, expect a quiet start. RATES: With stable US or core European rates, and no concrete weekend progress on the US fiscal impasse, NZ rates may open a touch lower. REVIEW

ANZ NZ Morning Brief

OUTLOOK CURRENCY: Australian employment has no forecasts for a reduction in jobs. The BOE and BOK today are not expected to move policy so any action would induce volatility. Jobless claims are a rare bit of US data tonight.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: The focus will be on NZD/AUD today, with NZ Q3 QSBO expected to show similar strength to ANZ business confidence. Markets are looking to AU business confidence for signs of a basing Australian economy.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: The BOJ is not expected to alter policy this afternoon, but any surprise would likely be negative for the yen. Overnight, Italy’s Senate debates Berlusconi’s future and five Fed speakers give US insight.

BNZ Daily Markets Wrap and Strategy

NZD After feeling the full weight of speculative selling yesterday, the NZD/USD has since recovered all of its losses. Indeed, at around 0.8310, the kiwi currently trades about 30 pips above where it was this time yesterday.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: The Service sectors of the global economy will drive currencies today. We have releases from China, Europe, UK and the US, with all are expected to show recovering economies. RATES: Local rates are expected to open broadly unchanged. REVIEW

ANZ NZ Morning Brief

OUTLOOK CURRENCY: Political impacts, with the US government close to shut down, and the Italian coalition fragmenting, will drive currency today. However the real story this week is activity data, with US, Europe and China updates.

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD found resistance at 0.8300 early this morning, returning to trade at 0.8280 currently.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: NZD should continue to find support on any weakness as markets await next week’s monthly US data dump and month end flows. RATES: Expect local yields to open higher following US moves. REVIEW

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ANZ NZ Morning Brief

OUTLOOK CURRENCY: Having corrected a substantial portion of recent gains, expect the NZD to consolidate around current levels awaiting offshore developments. RATES: NZ interest rates are expected to open lower given US moves. REVIEW

ANZ NZ Morning Brief

OUTLOOK CURRENCY: The focus will be on the German IFO and US Richmond Fed for direction. Both results are likely to support optimism, hence "risk"; the question is if the Richmond Fed is strong enough to support USD.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: We await the final German election results, with projections looking EUR-positive. China HSBC and European flash PMIs are expected to support "risk", while markets continue to re-evaluate the FOMC reaction.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: Having over extended yesterday expect the NZD to give back some of the gains made off the back of the US FOMC rate decision.

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BNZ Daily Markets Wrap and Strategy

NZD The NZD stands out as not only being the strongest performing currency over the past 24 hours, but also one of only a few to actually move in the languid pre-FOMC trading conditions. The NZD/USD climbed around 0.9% overnight, to 0.8240.

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD spent most of Friday’s offshore trading session consolidating above 0.8100. Globally, currency markets struggled a bit for direction.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: We expect little outright direction today as there is no Asian data of note. Overnight the USD is likely to remain sensitive to any data surprises out of the Empire survey and industrial production.

BNZ Daily Markets Wrap and Strategy

NZD The NZD/AUD yesterday notched up its biggest one day gain since May 2010. The bounce from 0.8660 to almost 0.8800 has re-established the uptrend and keeps our year-end 0.9000 forecast on the board.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: The NZD is unlikely to find data reasons to decline today with the Business PMI, ANZ consumer confidence and possibly REINZ data. US retail sales however may drive USD.

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD has continued to creep higher overnight, benefitting from broad USD weakness. It sits around 0.8090 this morning.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: We expect the grind higher in NZD/USD to continue today. Australian data today should continue to support AUD, although we note significant topside resistance. UK unemployment is the focus for GBP.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: The monthly Chinese data this evening should remain supportive for AUD and NZD. Minor US data, with small business optimism and Jolt job openings, shouldn’t impact markets but the releases should be noted.

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