The Australian dollar against the New Zealand dollar is an interesting combination of one cross pair of two almost identical commodity currencies in the Pacific region.AUDNZD online signals todayEach currency included in this pair is very dynamic and other combinations offer good activity. But together, AUD and NZD are unidirectional and therefore cannot boast of great volatility, but on the other hand, this is also a plus,as it makes the pair more predictable in terms of forecasting.This is especially good for inexperienced traders.AUD/NZD: Trading signals, analytics and online forecastsAUD/NZD quotes on a chart with an indicator (online)The volatility calculator shows that the AUD/NZD averages 90 pips per day. Whether it's due to currency pair specifics or just happens to be, the days of the week have been pretty much the same (at least for the past 20 weeks), with the exception of Tuesday, which is the quietest trading day. During the day, currency pairs are most concentrated during the opening of the Hong Kong and Singapore stock exchanges in the Asian session,the opening of Sydney and Wellington, as well as during the first hours and the intersection of the European segment of trading with the American ones.General characteristicsThe AUD/NZD cross is a less common as set in the international currency markets, as evidenced by fairly high spreads in the10-15 pips range. However, the absence of the US dollar in a currency pair does not make it immune to the influence of the US dollar. This is due to the fact that all transactions for the transfer of one currency to another pass through the US dollar, and not directly.The AUD acts as the base currency and is purchased in New Zealand dollars.Most systems display exchange rate values in a standard format.This means that up to 4 characters (1.0832) will be displayed after the delimiter, but a more accurate graph will also display the 5-th character (1.08325).Read more: AUD/CAD: exchange rate, online forecast, currency pair overviewThe close parallelism of economies and the frequent one-sided orientation of charts do not contribute to high volatility, but it is not low either (80-100 points per day on average). The large spreads (10-15 pips) combined with the average activity of the currency pair make it unattractive for scalpers, and although it is not an exotic financial product, it has high liquidity compared to most other popular crosses. Most in demand among local merchants from Australia, New Zealand and some countries in the Pacific region.Factors influencing AUDNZD and what affects the courseAustralia is a large statein Oceania, located in the Southern Hemisphere and covering the entire continent. Prior to that, it had been a British colony for a long time and completely specialized in raw materials and the development of agriculture. Analyzing by sectors, we get the following picture:About 71% of GDP comes from trade and services (medical care,education, banking,hotels,restaurants, etc.).26% of GDP is still accounted for by industry (mining, manufacturing).Only 3% remains for agriculture.The state and economy of New Zealand are in many ways similar to neighboring Australia. A recently independent British colony, it is also an agricultural and resource-rich country that has made great strides in development in recent decades. However, there are differences both in the size of the territory and the amount of available resources, as well as in population, level of economic development and labor market conditions. According to the last two, New Zealand is somewhat worse than its “big brother” (many New Zealanders go to work in neighboring Australia, where there are more jobs and higher wages).Sectoral data on the structure of the New Zealand economy looks like this:71% of GDP comes from the service sector.Industry accounts for 24.3% of government revenue.4.7% remains in agricultural production.Today, the movement of this financial instrument is largely in line with other assets, such as stock indices and currency pairs (mainly commodities).Maximum correlation exists when:European stock indices FRA40 – 89.2%, FTSE100 and SPA35 by 88.9% each; AUD/CAD – 87%, NASDAQ100 – 85.2% Dow Jones – 84.8%, ZAR/JPY – 84.5%, S&P500 – 84.1%, USD/HKD – 81.2%, GBP/NZD – 80.2%.Read more: EUR/NOK: exchange rate, signals, online forecast for today & analysisThe analysis shows that the most pronounced negative correlations are in the NZD/JPY – -91.1%, NZD/USD – -86.2%, NZD/CHF – -84.6%, Dollar/Peso – -82.9%, Pound against Aussie – -81.5%, Euro/Rand – -79.7%, Dollar/Rand – -76.9%, Pound against Lira – -76.4%, as well as GBP/SGD – -74.2% and CHF/SGD – -73.6%.The last important detail for successfully predicting the AUD/NZD pair is the set of the most important factors that have the greatest impact.First of all, raw materials, minerals, precious metals, as well as non-ferrous metals and agricultural products that are very important for both countries. Next, mention should be made of the trade balance and economic indicators (GDP, inflation, business activity, etc.) of both countries.Central bank interest rates in both countries also play an important role.Both territories, due to their location, are subject to many different climatic hazards (tsunamis, earthquakes, floods, hurricanes, volcanic eruptions,etc.) and should be considered as an important factor in their impact.Features of AUDNZD currency pairCarry trading in pairs is currently not possible. This is because the difference in refinancing rates between the two countries is very small (1.75% for Australia and 1.50% for New Zealand), resulting in negative swaps (-0.11 points in long cases and -0.84 for short positions).The pair is doing well in medium-term trading on the H4 time frame. The dynamics of the price movement is clearly visible and flows very smoothly compared to both the hourly and daily charts. This does not mean that trading on other time frames will be completely inconvenient. For novice traders, today's 4-hour time frame is the best solution.Read more: EUR/AUD: exchange rate, online quotes, signals, forecasts & analyticsDue to the large spread and not the strongest volatility, scalping this pair is not very profitable. Even experts cannot squeeze much profit out of AUD NZD at best, but experienced long-term workers can earn 150% or more ...
According to Markit Economics, activity in the Australian manufacturing sector continues to grow. However, the pace of this growth has slowed down slightly. The PMI value fell this month to 51.7 points, which was the lowest level of the indicator for the last 14 months. In July, it was at the level of 56.9 points. The survey participants reported a negative impact on the production of supply disruptions. Demand has also declined. This is evidenced by a decrease in the volume of new orders. The deadlines for the execution of applications by suppliers have increased. At the same time, they are growing at the fastest pace since April last year. The degree of price pressure decreased slightly in August. However, production costs grew at a rate that is significantly higher than the average value. Despite the existing problems, many representatives of companies positively assess the prospects for the next 12 months. The PMI in the Australian services sector fell this month by 0.9 points to 43.3 ...
Data published by the Australian Customs Administration shows an increase in the country's foreign trade surplus. At the end of June, it amounted to $10 billion 496 million, which is $51 million more than the experts' forecast. In the previous month, the surplus amounted to $9 billion 269 million. Experts note that Australia has managed to maintain a profit on the foreign trade balance for more than 40 months in a row. This indicates a high demand for its products from countries that are Australia's main trading partners. In June, the growth rate of export deliveries in monthly terms slowed to 4%. According to the results of the previous month, the volume of Australian exports increased by 6%. Imports rose by 1% in June after rising by 3% in May. According to Moody's, Australia is on the list of countries with moderate economic losses from the coronavirus pandemic. Its economy is gradually ...
Retail sales in Australia fell by 1.8% in June compared to the previous month. This is reported by the statistics department. Retail declined at the highest rate at the end of this year. It significantly exceeded the forecasts.The experts who participated in the survey predicted a decline in retail trade in the reporting period by only 0.5%. The main reason for the negative dynamics is the complication of the epidemiological situation in some regions of the country and the introduction of restrictions against this background. Experts admit that the retail volume in Australia will continue to decline. Demand from consumers will decrease due to the curtailment of state support and the lack of guarantees for the level of employment.Australian Prime Minister Scott Morrison says that the economic state of the state at the end of the current quarter is likely to show deterioration. According to analysts ' forecast, the country's gross domestic product may shrink by 2 trillion Australian dollars in the third quarter, which will be the first decline in GDP since June ...
The Central Bank of Australia has released the minutes of the last meeting, which was held this month. The document, in particular, says that it is too early to discuss the curtailment of the asset purchase program. This program supports the Australian economy. It will be necessary until the country's economy returns to its pre-crisis state. According to the RBA forecast, the full normalization of the situation in the country's labor market, as well as the achievement of the target value for the level of inflation, will occur no earlier than 2024. The meeting participants suggested that in the coming years, the wages of Australians will grow. Currently, the country's economy is moving from recovery to growth. The protocol also states that the exchange rate of the national currency changes in a narrow range. A significant rise in the price of some commodities did not have a serious impact on the dynamics of the Australian dollar. The national currency is supported by an effective monetary policy, which is carried out by the Central Bank of the ...
In the macroeconomic statistics coming out next week, the following indicators can be distinguished: : Monday In Australia, the index of activity in the service sector from AiG and the indicator of the number of vacancies from ANZ Bank will be published. China will publish data on imports, exports and the overall trade balance. In Japan, the indices of leading and matching indicators will be known.In Switzerland, the unemployment rate and the consumer price index will be released. Germany will publish data on production orders. In the Euro area, the Sentix investor confidence indicator will become known. In Russia, the consumer price index will be published.In the US, the dynamics of consumer lending volumes will be published.Tuesday In Japan, economic growth indicators for the first quarter of 2021, changes in the level of wages, the balance of foreign trade and bank lending data will be released. New home sales figures will be released in Australia. The National Bank of Australia will present the confidence index and the index of business conditions. In Japan, the index of the current situation and the forecast of developments from Eco Watchers will be known.Industrial production data will be released in Germany and Sweden. In France, the figures for imports, exports and the overall trade balance will be published. In the euro area, the GDP growth indicator for the first quarter of 2021, the employment rate and the ZEW Institute's index of economic sentiment will be released.In the US, the business optimism index, the trade balance and the Redbook retail sales index will be published. In Canada, data on imports, exports and general statistics on international trade in goods will be released. The American Petroleum Institute will report last week on raw materials stocks.Wednesday In New Zealand, sales data in the industrial sector will be released. Reserve Bank of Australia Deputy Governor Christopher Kent will deliver a speech. In Australia, the Westpac consumer confidence index will also be published. The National Bank of New Zealand will provide an activity forecast, and the Reserve Bank will provide an index of business optimism. In China, the consumer price index will be known.Germany will publish data on imports, exports and the overall trade balance.In the US, the MBA mortgage lending index will be released. On the same day, a meeting of the Bank of Canada will be held, the regulator's decision on the interest rate will be announced. The Energy Information Administration will report last week on commercial oil reserves in the United States.Thursday New Zealand will publish retail sales data. In Japan, the producer price index and indicators of foreign and Japanese investment in securities will be released. In Australia, expectations for consumer price inflation will become known.In France, the number of new jobs outside of agriculture and industrial production data will be published. In Sweden, the consumer price index will be known, and in Italy – the indicators of industrial production. The European Central Bank will hold a meeting, the decision on the interest rate will be known. Andy Haldane, a representative of the Monetary Policy Committee, will make a speech.The US will publish the number of initial and repeated applications for unemployment benefits, the basic and basic consumer price indices and the monthly budget report. The Energy Information Administration will report last week on natural gas reserves in the United States. Timothy Lane, a representative of the Board of Governors of the Bank of Canada, will make a speech.Friday In New Zealand and Japan, business activity indices in the manufacturing sector will be published.In the UK, data on industrial production and manufacturing output, the index of activity in the service sector, the balance of trade in goods and the GDP growth indicator for May will be released. In Germany, the wholesale price index will be known. The Bank of Russia will announce the decision on the interest rate.In the US, the University of Michigan Consumer Confidence index will be published. Baker Hughes will report on active drilling rigs in the US and around the ...
In the macroeconomic statistics coming out next week, the following indicators can be distinguished: Monday In Japan, retail sales and industrial production data will be released, as well as the consumer confidence index and the volume of orders in the construction sector. In China, the index of business activity in the service sector and in the manufacturing sector will be published. The National Bank of New Zealand will provide an activity forecast, and the Reserve Bank will provide an index of business optimism. Private sector lending data will be released in Australia.In Spain and Italy, inflation data will be released, and in the Eurozone – consumer credit indicators. In Germany, inflation data will also be available, including the main and harmonized consumer price indices.In Canada, the price indices for industrial products and raw materials, as well as the balance of payments, will be published. In the United States, Memorial Day is celebrated, banks and stock exchanges are closed, and macroeconomic statistics are not published.Tuesday In Australia, the index of activity in the manufacturing sector from AiG and the PMI in the manufacturing sector from the Commonwealth Bank will be published. And also in Australia, the number of building permits and the trade balance will be published. The Reserve Bank of Australia will hold a meeting to announce the regulator's decision on the interest rate. Construction permits will be issued in New Zealand. In Japan, capital expenditures and the Jibun Bank PMI index in the manufacturing sector will be released. China will publish the Caixin Manufacturing PMI.The next OPEC meeting will be held in Vienna. In the UK, the Nationwide house price index will be known. In Russia, Sweden, Spain, Italy, France, Germany, the Euro area and the United Kingdom, Markit will release indicators of business activity in the manufacturing sector. Switzerland will publish the real volume of retail trade, the SVME business activity index and economic growth indicators for the first quarter of 2021. In Germany, the unemployment rate and the change in the number of unemployed will be released. In the euro area, the unemployment rate and inflation indicators, including the basic and main consumer price indices, will be published. Bank of England Governor Andrew Bailey will make a speech.In Canada, GDP growth data for the first quarter of this year and the indicator of business activity in the manufacturing sector will be released. In the US, the Redbook retail sales index, the ISM manufacturing PMI, an indicator of economic optimism, construction spending data and the Dallas Federal Reserve Industrial PMI will be published. Fed representative Lal Brainard will give a speech.Wednesday New Zealand will publish the Terms of trade index. In Australia, economic growth data for the first quarter of 2021 will be released.In Germany, retail sales data will be available, and in the UK, consumer credit data and the number of approved applications for unemployment benefits will be available. In the Eurozone, the producer price index will be released. The head of the Bundesbank, Jens Weidmann, will make a speech.In Canada, the number of building permits will be released. In the US, the MBA Mortgage Lending Index, the Redbook retail sales index and the Fed's Beige Book Economic Review will be published. The American Petroleum Institute will report on oil reserves for the past week.Thursday In Australia, the AiG construction sector activity index, the Commonwealth Bank Services PMI, import and export indicators and the overall trade balance will be published. In Japan, foreign and domestic investment data and Jibun Bank's manufacturing PMI will be released. The National Bank of New Zealand will provide an activity forecast, and the Reserve Bank will provide an index of business optimism. In China, the Caixin manufacturing PMI will be released.Russia, France, Spain, Italy, Germany, the Euro zone and the UK will publish indices of business activity in the service sector. The UK will hold a hearing on the inflation report. Bank of England Governor Andrew Bailey will make a speech.In the US, the ADP report on the level of employment in the private sector, the number of initial and repeated applications for unemployment benefits, costs per unit of labor, the index of business activity in the service sector will be released. The Energy Information Administration will report last week on natural gas reserves in the United States.Friday In Japan, data on household spending will be released. In Australia, the indicators of mortgage loans and investment loans for the construction of houses will be published.In the UK, the index of business activity in the construction sector will be known. In the euro area, retail sales data will be released.In Canada, labor productivity indicators are released. In the US, employment market data for May will be released, including the number of new jobs outside of agriculture, the unemployment rate, the share of the labor force in the total population and average hourly wages. Canada will also publish the unemployment rate, the change in the number of employees, the level of average hourly wages and the Ivey business activity index. Baker Hughes will report on the number of active oil rigs last ...
The index, which measures business conditions in Australia, rose 8 points in April from the previous month to 32 points. According to the report, which was published by the statistical office of the country. It also notes that all the components that make up this index also showed positive dynamics. So, the subindex, which characterizes trading conditions in Australia, rose in April by 5 points and amounted to 40 points. The indicator that measures the degree of profitability of companies increased by 8 points in monthly terms to 33 points. The employment sub-index rose 7 points to 22 points. This indicator has improved even though the government's employment support program has expired. Business confidence in the Australian economy also rose in April. The corresponding indicator increased by 9 points to 26 points. The growth of confidence was recorded in all sectors of the country's economy against the background of the recovery of retail ...
