Intraday Market Thoughts

Starting w/ Tonight's Kiwi CPI Expectations

by Ashraf Laidi
Feb 24, 2014 20:19

Tonight's release of the Q1 RBNZ Inflation Expectations index (Tuesday 2:00 am GMT) will trigger fresh volatility in NZD, hours after the RBNZ expressed concern with currency strength despite lack of tightening. The cyclicality of the bottoming process in AUDNZD monthly chart (3rd chart in today's 4 charts) also highlights the case for our 2 trades. Thursday's release of Aussie Q4 CAPEX will also introduce dynamics in our existing AUDUSD Premium trades especially as market participants balances their reaction between capex for Q4 2013 and forward-looking plans for Q1 2014.While

NZDUSD and AUDUSD comprise part of our Premium Insights, we added AUDNZD to the latest list of trades and charts as part of a longer term strategy based on fundamental, price-driven and momentum dynamics.
Act Exp Prev GMT
RBNZ Inflation Expectations (Q1) (y/y)
2.3% Feb 25 2:00
 
 

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