New Zealand: Building Permits s.a. (MoM) (Mar): -9.1% vs 1.9%
Apr 30, 2013
Forex: NZD/USD holding above 0.8550
NZD/USD is last at 0.8552 bids, less than 1 hour away from New Zealand Building consents month to month, and ANZ Business confidence at 01:00 GMT which will be biggest risk event for the Kiwi in the Asia-Pacific today. Chinese markets will be closed again today on holidays, and Tokio will reopen after its 3-day weekend, with Nikkei futures pointing to the downside.
Forex: AUD/JPY continues to form “pennant” pattern on daily chart
The AUD/JPY closed the session up 50 pips at 101.18. It was a “risk on” theme across many markets which again seemed to benefit the commodity currencies such as AUD, CAD, and NZD. Later in the session, we will get the RBNZ Business Confidence at 1:00 GMT, followed by AUD Private Sector Credit at 1:30 GMT.