Sep 26

NZD/USD: bears taking on 0.7220 support post trade balance miss




NZD/USD has dipped in the open for the week on the back of poor exports in the trade balance released today for August.   NZD/USD has dropped from 0.7231 to print 0.7220 so far and is marking a new low for this montt.  The trade balance came as -1265m and missing -735m, prior -433m. Milk …

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Sep 26

Outlook for antipodeans – Westpac




Analysts at Westpac offered an outlook for the antipodeans. Key Quotes: “AUD/USD 1 day:  The quiet calendar suggests AUD trades mostly the low-mid-0.76 area, though multi-day, a soft undertone to the USD should help it test 0.7700. AUD/USD 1-3 month: While further gains to around 0.77 are possible during the month ahead, driven in part by …

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Sep 26

U.S. GDP second estimate to increase? – Nomura




Analysts at Nomura offered a preview of U.S. Q2 GDP, second estimate (Thursday). Key Quotes: “We think that the BEA is likely to revise up modestly its estimate of Q2 GDP. Incoming data since the last estimate have been generally more favorable for growth. The quarterly service survey for Q2 suggests that personal services spending …

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Sep 26

Market and economic outlook – Westpac




Analysts at Westpac offered an economic outlook on a quiet looking start to the week. Key Quotes: “NZ Q3 Westpac–MM employment confidence and Aug trade balance due. Data flow outside of Australia/NZ is mostly light, though we will see the Sep IFO German business confidence survey. ECB President Draghi to speak in front of European …

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Sep 26

BoJ: broken down, still looking for currency weakness – Socgen




Kit Juckes, economist at Societe Generale explained that the BOJ decided to go on growing its balance sheet at around Y80trn per annum and left rates on hold, committing to go on doing so after inflation has overshot their 2% target.  Key Quotes: “The decision to target 10-year JGB yields at about zero, adding ‘yield …

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Sep 26

New Zealand August Trade Deficit NZ$1.265 Billion




Sep 26

*New Zealand Exports -8.7% On Year In Augus




Sep 26

*New Zealand Trade Deficit NZ$1.265 Billion In August




Sep 26

New Zealand Trade Data Due On Monday




Sep 26

Moody’s: US Post-Election Shift in Trade Policy Poses limited Overall Risk for Sub-Saharan Africa




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