Analysis Of The Nzd/usd Parity

Fundamental Analysis EUR Gold extended previous gains in Asian session on Tuesday as concerns over Greek exit from the single currency union eased. At G8 summit leaders of eighth largest economies stated that they would do everything possible to retain Greece in the Euro Zone. COMEX gold June contract traded at 1,592.35 US Dollars per troy ounce on the New York Mercantile Exchange, advancing by 0.23%. USD The US Senate has passed a bill aimed at tightening sanctions imposed on Iran to force the country to cease its nuclear program. The new sanctions imply investigation of role of Iran's Revolutionary Guard in oil exports as well as obliging the US companies to disclose any business activities with Iranian partners. The move came ahead of negotiations between Iran and six major ...

Fundamental Analysis EUR "Ifo index paints a too positive picture of the growth prospects for the German economy" - Carsten Brzeski, senior economist at ING Group German business confidence unexpectedly improved in April, a sign the euro zone’s largest economy is weathering Europe’s debt crisis. Ifo business climate index, which is based on a survey of 7,000 businesses, rose to 109.9 points from 109.8 points in March. USD "A strong Germany helps the euro massively, and helps other assets too" - Neil Jones, head of European hedge-fund sales at Mizuho Corporate Bank Ltd. U.S. stocks closed mixed on Friday while German investor confidence unexpectedly improved and blue chip companies from General Electrics to Microsoft reported better than expected earnings. GBP "While the month of March ...

Fundamental Analysis EUR Spain faced increasing borrowing costs during successful sale of bonds with two and ten-year maturity. The country's Treasury sold 1,116 billion Euros of two-year bonds at yield of 3.463% and 1,425 billion Euros in ten-year bonds with yield of 5.743%. Demand for Spain's debt was strong as bids surpassed demand 3.3 times. USD The American session also gained from the higher-than-estimated German Ifo business climate reading released today. The increase in stocks was also accompanied by a gain in commodity prices and a decline of treasury yields. GBP British FTSE 100 index traded modestly higher on Friday as data showed UK retail sales rallied in March, reaching 1.8% growth instead of predicted 0.4% gain. IMI Plc jumped 1.8% after engineering group reported an ...

Fundamental Analysis EUR "The debt crisis is far from over still and I think Spain will be worse before it gets better" - Henrik Drusebjerg, a senior equity strategist at Nordea Bank AB Spain sold 2.54 billion euros of debt dated 2014 and 2022 on Thursday, above the target range of 1.5 to 2.5 billion euros for the auction. USD "Progress in the labor market is not quite as strong as people had hoped, but we are still on a recovery track here" - Scott Brown, chief economist at Raymond James & Associates Inc. The number of Americans claiming for unemployment benefits declined by 2,000 to 386,000 in the week ended April 14 from the week before, said the Department of Labor on Thursday. GBP "Economic data does look like it is showing some stabilization" - Samantha Fitzpatrick, senior ...

Fundamental Analysis EUR France and Spain plan to assemble EUR 13.5 billion (USD 17.6 billion) in bill auction today as Spanish PM Rajoy struggles to reduce budget deficit and presidential elections in the France drive yields up. France is issuing 2017 bills and 2018 inflation linked notes, a maximum target of EUR 11 billion while Spain is planning to raise EUR 2.5 billion in 2-year and 10-year bonds. USD The IMF announced that it has secured 320 billion US Dollars in drive for increasing the fund's lending capacity. Switzerland and Poland have already contributed to the fund expansion. The IMF hopes to raise about 400 billion US Dollars in commitments from countries around the world. The move followed surging borrowing costs of Italy and Spain that escalated concerns over the Euro ...

Commentary of the NZD/USD parity : The parity continues its bullish movement and the breakout of the major resistance at 0.76 gave us a new buy signal. The next resistance is at 0.7650. We maintain to trade only long positions as far as 0.7562 is support. The breakout of 0.7650 will give a new buy signal. See the previous analysis of the NZD/USD parity of October 13th, 2010

Commentary of the NZD/USD parity : After a false breakout of 0.75, the bullish movement finaly took up. The return above 0.75 gave us a buy signal. THen, 0.7550 has been broke,, giving us another buy signal. We maintain to trade only long positions as far as 0.7528 is support. THe breakout of 0.76 (major resistance) will give a new buy signal. However, if 0.7528 is broken, we will be neutral. See the previous analysis of the NZD/USD parity of October 12th, 2010

Commentary of the NZD/USD parity : The parity didn't succeed to break the resistance at 0.7550 and is currently testing a pullback on 0.75. We maintain to trade only long positions as far as this level is support. The breakout of 0.7550 will give a new buy signal. However, if 0.75 is broken, we will stay neutral between this level and 0.7450. See the previous analysis of the NZD/USD parity of October 11th, 2010

Commentary of the NZD/USD parity : The parity got out of the range (0.7472 - 0.7530) from the top and so a buy signal has been given. We advise to trade only long positions as far as 0.75 is support. The breakout of 0.7550 will comfort our bullish feeling. The breakout of 0.76 (major resistance) will give a new buy signal. However, if the price get back below 0.75, we will be neutral. See the previous analysis of the NZD/USD parity of October 8th, 2010