The New Zealand NZ50G (gross) benchmark index versus some indicative major components: Spark telecoms SPK, Auckland International Airport AIA, and then the electricity generation utilities Meridian MEL, Contact CEN and Mercury MCY along with the NZX Utilities Index G55G - and last, but definitely not the least, is presently the largest New Zealand company Fisher &...
VIX Volatility Index over the pandemic recovery period, versus the New Zealand NZ50 Index, ASX All Ordinaries Index XAO, S&P 500 Index and the NASDAQ Composite Index IXIC.
Meridian Energy (MEL, MEZ) vs. peers of CEN Contact, GEN Genesis, MCY Mercury, VCT Vector, TPW Trustpower, IFT Infratil; with market indicators of the NZ50, Australian XAO, NZD/AUD.
IFT Infratil (ASX listed) vs. ASX listed global infrastructure ETFs, ASX All Ordinaries Index, NZ50 Index - since 2017.
Part 2: Here's the correlation chart for AUD/NZD. Interest rate differentials pretty much match the current spot price, so it's the Australian vs New Zealand stock market ratio that we're focusing on (blue line) The chart shows a strong divergence between the exchange rate and the AU/NZ stock markets, which hints at the possibility of a stronger NZD in the coming period.
The Main New Zealand stock index reached a key structure level. the price has already got rejected on a daily signifying the significance of the underlined zone for the market participants. on 4H we see a narrow trading range with a potential lower high formation. on focus in 10350 structure support. in case of a bearish candle close below that, the index...
NZX50 just published a very bearish candle. Gapping to the upside then moving lower in a day. Possible short opportunity but wait for confirmation. Price overbought according to indicators.