Mon, Nov 23 2009, 04:01 GMT
by FXMarketAlerts Team
FXMarketAlerts | View company's profile
Published at 03:22 (GMT) 23 Nov
Choppy action in Kiwi as two way trade persists in risk assets with NZD/USD trading 0.7200-75, with slightly more one-way trade against the yen as $/Yen grinds 20 pips higher to near 89.00. Markets ignored strong migration and tourism data despite the RBNZ's focus on the potential impact of this trend on housing prices and h'hold demand, and have similarly ignored the subdued ANZ/Roy Morgan consumer confidence data, with thinned easing 4.4 points to 121.5, still remaining well above the boom-bust 100 level. NZD/USD at 0.7250 has support at 0.7200 and resistance 0.7275 ahead of 0.7327. The next key local event is the NBNZ business survey on Tuesday, with stronger to dairy prices to support, but offset by rising economic uncertainty as data remains mixed. MK
Published on Mon, Nov 23 2009, 04:03 GMT
FXMarketAlerts
| 52 Grosvenor Gardens, LONDON SW1W 0AU
http://www.fxmarketalerts.com/fxstreet | analysis@fxmarketalerts.com
Copyright and other intellectual property rights in the material in this report belong to FXMarketAlerts, 4Cast Limited, 4Cast Inc and/or Forecast pte ("4Cast"). The material shall not, under any circumstances, be reproduced or distributed in whole or part without the prior written consent of 4Cast.
The material in this report is based upon information which 4Cast considers to be reliable and the analysis and opinion in the material represents the view of 4Cast at the time of transmission (unless stated otherwise). Such analysis and opinion is subject to change without notice. The material is intended for use by parties knowledgeable and experienced in the financial sector and is only one source amongst others to be considered in carrying on their business or activity.
ACCORDINGLY 4CAST MAKES NO REPRESENTATION OR WARRANTY EXPRESS OR IMPLIED STATUTORY OR OTHERWISE (INCLUDING BUT NOT LIMITED TO) THE ACCURACY OF THE MATERIAL IN THIS EMAIL AND ON THE WEBSITE OR THE FITNESS FOR PURPOSE AND ALL SUCH REPRESENTATIONS AND WARRANTIES ARE HEREBY EXPRESSLY EXCLUDED.
4Cast does not give or purport to give investment advice. Any action taken by users on the basis of material on this website is entirely at their own risk. Independent investment advice should be sought where appropriate.
This email and the website may link to or be linked to other internet sites. 4Cast does not accept responsibility for the content of such other sites.
4Cast’s terms and conditions of business apply to all fee paying subscribers and authorised trial users.
Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Mon, Mar 22 2010, 13:24 GMT
US Morning Briefing by RANsquawk
Mon, Mar 22 2010, 12:08 GMT
EUR/USD: Bearish pressure continues by FXstreet.com Independent Analyst Team
Mon, Mar 22 2010, 11:34 GMT
Global trade imbalances to shrink by Lloyds TSB Financial Markets
Mon, Mar 22 2010, 11:00 GMT
Forex - EU Summit Not Expected to Help EURO by ACM - Advanced Currency Markets
Mon, Mar 22 2010, 10:38 GMT
nzdjpy, nzdusd, currencies, usdjpy
[ View All ]Forex: Yen soars across the board
FXstreet.com | Mon, Mar 22 2010, 13:34 GMT
Forex: USD/CAD rallies further and hits 1.0240 session high
FXstreet.com | Mon, Mar 22 2010, 13:33 GMT
Forex: EUR/USD tumbles 1.3460, 3-week low
FXstreet.com | Mon, Mar 22 2010, 13:10 GMT
Forex: AUD/USD falls to 0.9088, 1-week low
FXstreet.com | Mon, Mar 22 2010, 12:55 GMT
Forex: USD/CHF rebounds to set fresh daily high at 1.0644
FXstreet.com | Mon, Mar 22 2010, 12:53 GMT
nzdjpy, nzdusd, currencies, usdjpy
[ View All ]GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program