Gold remains higher despite positive Evergrande news out of China. Meanwhile, copper bulls are pushing prices upward as the potential for a housing crisis in China ebbs.
A comeback in US equities is helping to lift sentiment in Thursday's APAC session. A blowout GDP report out of New Zealand bolstered the risk-taking mood as traders eye the Australian jobs report.
New Zealand Dollar Forecast: NZD/USD Up on Sentiment Recovery, OCR Bets
2021-07-21 23:00:00
Thomas Westwater,
Analyst
New Zealand Dollar, NZD/USD, AUD/NZD, Covid, Risk Trends, RBNZ - Talking Points
New Zealand Dollar gains against most peers as global sentiment recovers
RBNZ interest rate bets swing higher as Covid-related growth worries subside
NZD/USD bounce puts psychological level back in focus as potential resistance
Thursday’s Asia-Pacific Outlook
Asia-Pacific traders will look to build on Wall Street’s upbeat session where stocks closed higher, extending a rebound into its second day after a broad risk-off move sank markets on Monday. The benchmark S&P 500 closed 0.82% higher on Wednesday, moving the index within 1% of last week’s all-time high. The foreign exchange market is reflecting the new round of buying, with the risk-sensitive New Zealand Dollar gaining against most of its major currency peers.
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CAD/CHF 1Q Forecast: Long CAD/CHF â A Combination of Risk Trends and Positioning 2021-01-02 04:00:00 Justin McQueen, Analyst
CAD/CHF 1Q Forecast: Long CAD/CHF – A Combination of Risk Trends and Positioning Advertisement
2020 has been a year like no other and seared into memory. Thankfully, with multiple vaccines scheduled to be rolled out and with global monetary and fiscal stimulus here to stay, 2021 looks to be a better year. As the vaccination process gets underway, negative tail risks are likely to recede, while lockdown measures will also continue to be eased, thus allowing for a brighter economic outlook. Much like 2020, with global interest rates at the zero bound, “RORO” (Risk On Risk Off) should remain a key driver for FX. As such, my trade of the year is to position that way with a bullish outlook on CAD/CHF.