AUD/NZD slipping further as China Trade Balance fails to spark the AUD

The Aussie loses further ground to the Kiwi as China trade figures come in mixed, with imports squeezing the trade surplus lower. Market focus will be keeping close tabs on the upcoming G7 summit meeting that promises lots of Trump tweets as world powers meet to discuss trade. The AUD/NZD i ...

AUD/NZD: Supported by RBA-RBNZ divergence – Westpac

According to Sean Callow, Research Analyst at Westpac, RBNZ governor Adrian Orr’s first policy statement on 10 May provided the spark for AUD/NZD to break its ranges to the top side. Key Quotes “By declaring that the “direction of our next move is equally balanced, up o ...

RBA: Softer tone amid rising risks – Nomura

The Reserve Bank of Australia (RBA) today again left its cash rate at 1.50%, as uniformly expected, but its central case also remains unchanged; that is, it continues to forecast GDP growth “a bit above 3%” and inflation grinding slowly higher, into the 2-3% target band over time, note ...

AUD/NZD receives a boost from Australian Retail Sales

The Aussie jumps higher on better-than-expected Retail Trade figures. Kiwi remains shuttered for a long weekend. The Aussie is bumping higher against the Kiwi following upbeat Retail Sales figures for the Australian economy, and the pair is trading near 1.0850 as the AUD turns bullish in th ...

AUD/NZD stumbling lower again, but upbeat Chinese PMI provides a break

The Aussie drifts against Kiwi, bounces on China data. Long-term bearish trend still in play for the AUD/NZD. The AUD/NZD is trading down in Friday's early Asia session, dipping into recent lows near 1.0775. The Aussie has resumed falling against the Kiwi after staging a technica ...

AUD/NZD backing down as the Aussie continues to drift against the Kiwi

AUD gives way to the Kiwi in early Asia trading. The Aussie's first real data reading for the week turned out to be a non-starter, Building Permits fizzled. The AUD/NZD is trading back into 1.0850 in early Asia trading as the Aussie falls against its closest neighbor. The Aussie' ...

AUD/NZD should consolidate gains around 1.08 – Westpac

Sean Callow, Research Analyst at Westpac, points out that RBNZ governor Adrian Orr’s first policy statement on 10 May provided the spark for AUD/NZD to break its ranges to the top side. Key Quotes “By declaring that the “direction of our next move is equally balanced, up o ...

AUD/NZD can’t shake 1.09 as Aussie, Kiwi fight for last place

Aussie flubs the week opener, continues to head lower against the NZD. Early week sees thin data for the Antipodeans, first release on Tuesday for the Kiwi. The AUD/NZD is trading into recent lows near the 1.0900 level as the pair's bullish momentum continues to wash away as the Aussie an ...

AUD/NZD: Potential building for another push to test 1.12 – Westpac

Tim Riddell, Research Analyst at Westpac, suggests that although in “overbought” areas, daily indicators are not turning, yet. This suggests that the down-channel break has further to run and should at least test 1.0980-90 for AUD/NZD cross. Key Quotes “As long as dips ar ...

AUD/NZD getting comfortable around 1.09, but bulls are still close by

Aussie climbing as broader markets rally on trade headlines. A quiet early week for the Antipodeans sees a lacking data docket for Tuesday. The AUD/NZD is backing into the 1.0900 handle during the early Asia trading session, after the Aussie rose against the Kiwi in Monday's action. Th ...

AUD/NZD struggling to hold onto the 1.0900 handle as the Kiwi wriggles

Aussie bumping higher against the Kiwi in the overnight session. Slumping figures for the NZ economy has the NZD on the defensive. The AUD/NZD is sticking near Tuesday's high, trading just beneath the 1.0900 major level as the Aussie pushes against the Kiwi steadily. The pair tripped lowe ...

AUD/NZD set to challenge 1.09 as RBA reveals no new surprises

Aussie maintains its composure following a typical RBA release. Dovish RBA does little to shake awake NZD bulls who are sidelined until Thursday's government budget. The AUD/NZD is continuing to lift in early Tuesday action, trading near the 1.0900 major handle. RBA minutes: More likel ...

AUD/NZD hitting three-month highs over 1.08

The Kiwi is winning the race to the bottom between the AUD and the NZD. The week starts off light for the pair before employment data for Australia, NZD government budget. The AUD/NZD continues to recover steadily, and the pair kicks off the new week trading near 1.0840. The Aussie has bee ...

NZD: Underperformer for the week – Nomura

Analysts at Nomura point out that the underperformer this week was kiwi as at this week’s meeting, the new RBNZ Governor Orr said that that the cash rate will remain unchanged “for some time to come” and that the “direction of our next move is equally balanced, up o ...