Flash: Even if RBNZ hikes up to 100bp in 2014, NZD impact may be limited - JPM

FXstreet.com (Bali) - New Zealand is expected to raise interest rates by +75bp in 2014, notes John Normand, FX Strategist at JP Morgan Securties, however, "its not even clear these moves will affect the Kiwi much given that money market curve (adjusted for about 10bp of term premia a year)already discounts about 100bp of RBNZ rate hikes next year."

Dec 9, 2013

AUD/USD, buying dips starting to look attractive

AUD/USD is starting to show some tentative technical evidence that a more meaningful correction may develop, yet varies layers of heavy offers will certainly pose a tough challenge.

GBP/USD pulling back after touching upside projected target at 1.6425 last week

The GBP/USD has been pulling back over the last several sessions – but gently so – after the nice upside move that took place for the cross from 11/12 to 12/3. More of a correction appears possible if not likely according to technicians.