OctaFX | OctaFX Forex Broker
Open trading account
Back

NZD/USD could head towards 0.62 by year-end – Westpac

FXStreet (Edinburgh) - Imre Speizer, Strategist at Westpac, remains bearish on the pair, which could reach 0.62 by end of 2015.

Key Quotes

“We have flipped to a positive bias for the month ahead, but remain bearish over a three month horizon”.

“Our target for the week ahead is 0.6750. The rebound in dairy prices (92% since the August low for WMP) and still strong migration and housing should keep the RBNZ on hold on 29 Oct”.

“Moreover, NZD/USD is currently 7% below fair value implied by commodities, interest rates and risk sentiment, probably because the US dollar is overvalued”.

“Multi-month, we see the NZ economy slowing and the RBNZ easing in December, taking NZD/USD to 0.62”.

AUD/USD tough resistance awaits at 0.7280/0.7300 – OCBC

Emmanuel Ng, FX Strategist at OCBC Bank sees the pair facing strong resistance in the 0.7280/0.7300 band...
Read more Previous

Caution with EM equities, look for differentiation among countries - BBH

According to analysts from Brown Brothers Harriman Emerging Market (EM) equities remain vulnerable and recent bounce should be used to rebalance portfolios.
Read more Next
Start livechat