GoldenTalk - The best forum about HYIP (High Yield Investment Programs) - View Single Post - FBS.com

"Westpac, HSBC on the outlook for kiwi"(2011-11-02)

New Zealand’s dollar weakened this week versus its US counterpart as investors’ risk sentiment was affected by the news about the referendum in Greece.

Currency strategists at Westpac believe that NZD/USD will keep declining during the next few weeks moving down to the levels in the $0.7000 area. In their view, support for the pair is situated at $0.7910, while resistance stays at $0.8050.

Analysts at HSBC, however, think that there won’t be any clear trend for kiwi until the FOMC and ECB meetings and US payrolls this week. It’s necessary to note that the specialists don’t expect the Fed to trigger the QE3 as there should be a deflationary environment for that.

Chart. Daily NZD/USD

Comment here http://www.fbs.com/analytics/news_markets/view/8994

02-11-2011, 02:36 PM	#6
internationallove I'm ready to invest! Join Date: Oct 2011 Posts: 0	"Westpac, HSBC on the outlook for kiwi"(2011-11-02) New Zealand’s dollar weakened this week versus its US counterpart as investors’ risk sentiment was affected by the news about the referendum in Greece. Currency strategists at Westpac believe that NZD/USD will keep declining during the next few weeks moving down to the levels in the $0.7000 area. In their view, support for the pair is situated at $0.7910, while resistance stays at $0.8050. Analysts at HSBC, however, think that there won’t be any clear trend for kiwi until the FOMC and ECB meetings and US payrolls this week. It’s necessary to note that the specialists don’t expect the Fed to trigger the QE3 as there should be a deflationary environment for that. Chart. Daily NZD/USD Comment here http://www.fbs.com/analytics/news_markets/view/8994 __________________ Sincerely yours, U Malik Official representative FBS(Best Mini Forex Broker 2010 - 2011)