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Is the Kiwi ready to outperform the Aussie? AUD/NZD
Though the RBA hiked rates 50bps, it also served up a less hawkish statement than expected at its August meeting, causing Aussie to come off.
Thumping AU jobs report supports further gains for AUDNZD
Good news today for the Australian economy as the employment report for June stunned with across-the-board strength.
AU Q1 2022 GDP beats forecasts and frames further gains for AUDNZD
As the release of the final partials yesterday warned, Australian Q1 2022 Australian GDP has beaten expectations, rising by a solid 0.8% QoQ and 3.3% YoY, despite the impact of Omicron and the devastating rains and floods that hit the East Coast.
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AUD/NZD technical breakout on RBA rate hike
The RBA’s surprise hike caught AUD/NZD traders with their guard down. As a result, the pair traded to its highest level since August 2018.
Asian Open: Equities rally on peace talks, NZ business outlook up next
European and US indices were broadly higher as peace talks moved in the right direction. Today we’re watching AUD/NZD for today’s NZ Business Outlook report.
Asian Open: Sanctions arrive on the scene, RBNZ up next
The US unleashed new sanctions against Russian elites and two banks, whilst EU, Germany and the UK announced their own financial burdens.
Asian Open: AUD/NZD breaks trend support, China’s LPR at 12:15
Despite NZD and AUD being the strongest majors last week, the AUD/NZD cross dropped a couple of clues it may try to correct below a key resistance level.
Asian Open: Meta gets Zucker punched, AUD/NZD eyes 1.0800
Despite a positive close for Wall Street, US futures are now trading lower after a dire earnings report from Meta.
NZ jobs preview and AUDNZD trade idea update
A public holiday in New Zealand yesterday for the Auckland Anniversary Day, enabling local traders a chance to catch their breath after a busy few weeks.
Asian Open: Wall Street rallies into month end, AUD/NZD firm pre-RBA
After 5-day of choppy yet sideways trading on Wall Street, momentum finally tipped its hand with a broad rally for US indices.
Bumper AU jobs data and China rate cut ignite AUDNZD
Following an impressive gain of +366k jobs in November, the Australian economy added another +64.8k job in December. The seasonally adjusted unemployment rate fell to 4.2% from 4.6%, its lowest level since pre the Global Financial Crisis, August 2008
Asian Open: Equity sentiment fragile during first week of trade
The backdrop of a hawkish Fed with equities just below record highs proved too much for bull last week, with tech stocks baring the brunt with a -4.5% decline.
Asian Open: AUD/CAD Looks Set to Head South
Lower trading volumes due to Thanksgiving in the US made for a quiet session overnight, but that didn’t prevent the AUD/CAD cross making a ‘break’ for it.
Asian Open: USD soars as Fed expected to taper faster
The Fed are really beginning to feel the heat of inflation as core PCE hit a 30-year high.
Asian Open: RBNZ are expected to hike, but by how much?
How NZD pairs react today will likely be driven by whether RBNZ hike by 25 or 50 bps, and how hawkish that hike is deemed to be in their last meeting of the year.
Aussie vs Kiwi: Which is better currency to own? AUD/USD, NZD/USD, AUD/NZD
If Australian data continues to be better than expected, AUD/NZD may go bid as the Aussie plays catch-up.
AUDNZD set to shake off better AU Biz and Consumer Confidence data
Modest risk off flows in FX overnight saw commodity currencies under pressure. The Australian dollar closed at .7378 (-0.61%), closely followed by the New Zealand dollar, which closed at .7110 (-0.50).
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After a booming month, AUD/NZD fails hard at key resistance
Over the last 3 days the pair held resistance and moved lower, helped on Monday by a surge in Q3 inflation from New Zealand
Asian Open: Democrats Consider McConnel Offer to Avoid Debt Default
Equities rallied into the close on hopes that McConnell and Schumer will sort this out the good old-fashioned way with a backroom deal.