NZD/USD May Struggle as Bitcoin Plunge Drags Market Sentiment, RBNZ in Focus
2021-05-23 23:00:00
Thomas Westwater,
Analyst
NZD/USD, New Zealand Dollar, Bitcoin, Sentiment -Talking Points
Asia-Pacific markets attempt to gauge sentiment as RBNZ looms
Bitcoin weekend volatility appears set to continue this week
NZD/USD at confluent support after breaking below trendline
Monday’s Asia-Pacific Outlook
Asia-Pacific markets may be in for a quiet start to the week thanks to a sparse economic docket, leaving traders focusing on several potentially high-impact events later this week. Equity indexes across the APAC region closed mostly higher last week, with Hong Kong’s Hang Seng Index (HSI) recording a weekly gain of 1.54% (though it remains nearly 10% lower from the multi-year high set in February).
The Weekly Wrap – U S Inflation Figures Refueled Market Fears of a FED Policy Shift yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
New Zealand Dollar Analysis: NZD/USD Energy Builds After Positive Economic Data
2021-05-05 23:00:00
Thomas Westwater,
Analyst
New Zealand Dollar, NZD/USD, NZ Building Permits -Talking Points
Wall Street mixed after Fed speakers calm premature market taper expectations
NZD/USD tracking higher as the currency pair eyes the April high just below 0.73
Thursday’s Asia-Pacific Outlook
Asia-Pacific markets may see an upbeat trading day despite a mixed performance on Wall Street overnight when technology and small-cap stocks moved lower. The tech-heavy Nasdaq 100 index dropped 0.30% while the Dow Jones Industrial Average (DJIA) gained 0.29%, a new record high. The US Dollar was mostly unchanged, while Treasuries caught a bid across the curve from bond traders.
5/2/2021 11:41:04 PM GMT
AUD - Australian Dollar
A buoyant US Dollar saw the Australian Dollar trade lower on Friday as stronger than expected US economic data boosted USD sentiment, and stoked inflationary fears. Hawkish commentary from the Fed also aided the US Dollar which saw the index rise 0.7% on the day. The Australian Dollar and the Kiwi Dollar both suffered; AUD/USD fell from 0.7780 to 0.7696 whilst the NZD/USD fell from 0.7240 to 0.7151. Given the NZD was the session’s worst performer, the AUD/NZD cross rate managed to climb from 1.0730 to 1.0775.
We’re set for a busy Monday today for the Australian Dollar. We have the April release of the CoreLogic home value index which is expected to show another strong monthly read with the national index expected to rise 1.8%. The MI inflation gauge, which is also released today, should provide investors with some insight into the trajectory of domestic inflation after the soft Q1 CPI print. We will also get ANZ job ads for Apri