DirectFX-phone-number-and-phone-image3.gif

p_7_top.jpg

Get a free Quote

Name
Email
Phone
From CCY
To CCY
Amount
Message
please type the characters you see:
(spam filter)
spam control image
 
p_1_top.gif

Apply now

Obligation free account and currency commentary btn_apply_for.gif
p_1_bottom.gif
Browse By Topic
Archive

FX News

Most recent FX News:

Read more

Dull trading on the NZD GBP pair.

Written by Sam Coxhead on September 21st, 2012.      0 comments

2:50 PM (NZT) This pair has seen a very contained range so far this week. Not even the better than expected NZ GDP numbers were able to extend the range. Certainly the close by resistance at .5120 (1.9530 support) is the initial target on any further NZ dollar demand. The current range seems fair value in the short term. The boost in demand NZD from the recent central bank stimulation being well balanced by the falling global growth expectations. Potentially these tight ranges may continue next week, assuming no surprises from the final Q2 GBP release in the UK.
 
The current interbank midrate is:                                                            NZDGBP .5112                               GBPNZD 1.9561
                                                               
The interbank range so far this week to date has been:                 NZDGBP .5072 - .5118                GBPNZD 1.9539 – 1.9716
Topics: NZD GBP
 

Comments