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AUD/NZD Technical: Squeezed up towards key 1.0700 resistance ex-post RBNZ

An extreme NZD weakness may trigger a potential short-term bearish mean reversion of the AUD/NZD after RBNZ turned less hawkish

New-zealand , Cash-rate , Aud-nzd , Bnz , Echnical-analysis ,

The US dollar continues to rise - MarketPulse

The US dollar continues to rise - MarketPulse
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China , Australia , Aussie , Eastern-europe , Aud-nzd , Ud-usd , Oj , Hina-lockdowns , Ovid , Ollar-index , Ur-usd

US yields support dollar strength - MarketPulse

US yields support dollar strength - MarketPulse
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Australia , Japan , New-zealand , Russia , Ukraine , Japanese , Aud-nzd , Ud-usd , Oj , Ollar-index , Ur-usd

US dollar eases post-FOMC - MarketPulse

US dollar eases post-FOMC - MarketPulse
marketpulse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketpulse.com Daily Mail and Mail on Sunday newspapers.

New-york , United-states , Australia , United-kingdom , Australian , Sterling , Federal-reserve , Given-asia , Non-farm-payrolls , Aud-nzd , Ud-usd

After a booming month AUDNZD 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

Australia , New-zealand , Aussie , Northern-hemisphere , New-zealand-the , Reserve-bank , Aud-nzd , Echnical-analysis , Bnz , Ba , Nflation

Currency Pair of the Week: AUD/NZD


Currency Pair of the Week: AUD/NZD
Joe Perry
April 12, 2021 2:19 PM
The RBNZ meeting and the Australian Employment are both this week!
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Australia will release their Employment data this week on Thursday.  Expectations are for an additional 35,000 jobs to be added to the economy.  In February, 88,700 jobs were added, of which just about all were full-time jobs!  The unemployment rate is expected to drop from 5.8% to 5.7%.  Last week, the RBA met and left interest rates unchanged at 0.1% and began a new A$100 billion bond purchase program.  The committee noted that they would leave monetary policy accommodative until actual inflation is withing their 2%-3% target, which they don’t expect to be until 2024.  Housing prices are rising, and fears are stirring of an overheated market.  If jobs come in stronger than expected, will this force the RBA to reconsider policy with a hot housing market?  One idea is that the RBA can focus their bond buying on longer durations.  This would help keep rates lower in the belly of the curve.  The central bank currently targets the 3-year yield and aims to keep it at 10 bps.   Although Australia is behind other countries with its vaccinations, they have done a great job at controlling the coronavirus.  Therefore, this isn’t as pressing of an issue, compared to areas such as Europe.

China , Australia , New-zealand , Aussie , Australian , Although-australia , Reserve-bank , New-zealand-dollars , Retail-sales , Moving-average , Australian-employment

New Zealand Dollar Forecast: Trading the RBNZ Next Week


NZ Economy Performs Better than RBNZ Assumes
NZD Strength Remains a Concern for RBNZ
AUD /NZD the Preferred Play for RBNZ Meeting NZ Economy Performs Better than RBNZ Assumes
Next week will see the RBNZ deliver its first monetary policy announcement of the year, where expectations are for the central bank to stand pat on current monetary policy. However, in light of the recent run of stronger than expected economic data, the focus will be on the RBNZ's updated forecasts as well as Governor Or's presser.
At the last meeting, the RBNZ provided a hawkish surprise given that the NZ economy had performed significantly better than the central bank's pessimistic forecasts, which in turn saw a sharp re-pricing of negative rates in the front end of the curve and subsequently prompted a sizeable bid in the Kiwi . Since the November meeting, it appears as if the RBNZ has once again underestimated the recovery in the NZ economy as domestic data has outperformed the RBNZ's forecasts. Q4 CPI printed 0.3ppts higher than the RBNZ had assumed at 0.5% Q/Q and 1.4% Y/Y, the bounce back in Q3 growth had been firmer than expected at 14% (vs 13.4%) and the unemployment rate saw a sizeable drop to 4.9%, which had been 0.7ppts below the RBNZ's estimate.

Australia , Aussie , Performs-better , Preferred-play , How-monetary-policy-affects , Aud-nzd , Price , Analysis , News , Economy , Performs