{"id":23299,"date":"2011-02-22T03:00:11","date_gmt":"2011-02-22T07:00:11","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=13309"},"modified":"2011-02-22T03:00:11","modified_gmt":"2011-02-22T07:00:11","slug":"nzdusd-tumbles-in-wake-of-new-zealand-earthquake","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/02\/22\/nzdusd-tumbles-in-wake-of-new-zealand-earthquake\/","title":{"rendered":"NZD\/USD Tumbles in Wake of New Zealand Earthquake"},"content":{"rendered":"

\"printprofile\"<\/p>\n

The Kiwi was sharply lower following an earthquake that measured 6.3 on the Richter scale and sent buildings tumbling. The NZD\/USD is currently testing the 0.7500 support line. A move below this level could trigger further selling to the 0.7350 mark.<\/p>\n

<\/span>Commodities such as gold, silver, and crude oil are higher across the board following violence in Libya, Bahrain, Yemen, and Iran, with increased risk of protests spreading to other nations in the region.<\/p>\n

Today\u2019s calendar events:<\/em><\/p>\n

GBP \u2013 Public Sector Net Borrowing \u2013 09:30 GMT<\/a>
\nExpectations: -0.2B. Previous: 15.3B.
\nIncreasing expectations of an interest rate hike by the BOE have the pound performing well against the US dollar. Strong bids for the currency should continue in the near term. Resistance for the GBP\/USD is 1.6270. Support is Friday\u2019s low of 1.6150.<\/p>\n

CAD \u2013 Core Retail Sales \u2013 13:30 GMT<\/a>
\nExpectations: 0.7%. Previous: 1.0%.
\nThe Canadian dollar is receiving more bids given its close correlation to oil prices which are at a 2.5 year high. Support for the USD\/CAD is found at this year\u2019s low of 0.9810. Resistance comes in at 0.9980.<\/p>\n

USD \u2013 CB Consumer Confidence \u2013 15:00 GMT<\/a>
\nExpectations: 65.1. Previous: 60.6.
\nThe dollar is up sharply in today\u2019s morning trade. The EUR\/USD has support and resistance that comes in at 1.3580 and 1.3740. A move lower could trigger stop losses and target the February low of 1.3430.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Kiwi was sharply lower following an earthquake that measured 6.3 on the Richter scale and sent buildings tumbling. The NZD\/USD is currently testing the 0.7500 support line. A move below this level could trigger further selling to the 0.7350 mark.
\n…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-23299","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=23299"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23299\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=23299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=23299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=23299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}