All Articles Tagged - NZDUSD

Week Ahead – RBNZ meeting, US retail sales and UK GDP to headline muted week

Posted on February 7, 2020 at 11:14 am GMT

As markets enjoy a bit of bounce back from the panic selling triggered by the outbreak of the deadly coronavirus, traders may struggle to keep the momentum going over the next seven days as things quieten down a little on the data front. Industrial production numbers out of the Eurozone, the United States and the United Kingdom will be the main release, though the focus will be on fourth quarter GDP estimates for the UK and on the latest retail [..]

Daily Market Comment – Risk aversion creeps in as virus death toll jumps

Posted on February 7, 2020 at 9:27 am GMT

Equities rally fades as spread of coronavirus shows no sign of slowing Yen edges up but dollar also holds firm ahead of US jobs report Pound set for large weekly losses amid Brexit brinkmanship Virus fears intensify; risk rally loses steam The relief rally sparked by China’s efforts to contain the coronavirus and support its economy appeared to run out of steam by the end of the week as most major stock indices in Asia turned red on Friday. Futures [..]

Virus treatment: Can it unleash a wave of risk appetite? – Special Report

Posted on February 6, 2020 at 4:17 pm GMT

The deadly virus theme that has plagued global markets, devastating commodity prices and risk-sensitive currencies, seems to be calming down. The rate of infections appears to be levelling off, and Chinese media suggest scientists found a drug that effectively treats patients. If confirmed, that could ignite a fresh wave of risk-taking, helping the commodity-linked Australian, Canadian, and New Zealand dollars to rally in relief, as safe-havens like the yen come under selling pressure. Is it a short-term thing? Evaluating the [..]

Technical Analysis – NZDUSD holds bearish bias near 2-month trough

Posted on February 6, 2020 at 10:09 am GMT

NZDUSD has been on the sidelines for most of the week as the two-month low of 0.6450 and the 0.6500 handle seem to be a real struggle for traders. Technically, the price could lose some ground in the short-term as the RSI is changing direction to the downside and towards its 30 mark, while the MACD oscillator is approaching its trigger line to create a bearish cross below the zero line. In the last 4-hour session, the price dropped below the 20-day simple [..]

Daily Market Comment – Markets hold steady but virus risks linger; oil up as OPEC+ considers output cuts

Posted on February 5, 2020 at 9:33 am GMT

Stocks extend rebound but caution keeps gains in check Yen and gold edge back up as coronavirus death toll continues to rise OPEC+ holds technical meeting to discuss fresh cuts to output amid virus impact Markets remain calm but growth worries persist This week’s cash injection by Chinese authorities and pledges of additional stimulus if needed to stabilize the economy from the disruptions caused by the coronavirus outbreak helped maintain calm in financial markets on Wednesday. Stocks in Asia headed [..]

Daily Market Comment – Stocks steadier as China tries to calm markets; dollar up on ISM beat

Posted on February 4, 2020 at 9:27 am GMT

Chinese shares recoup some losses as authorities attempt to stem sell-off Dollar lifted by surprise pickup in US manufacturing activity Pound extends losses as UK and EU clash on post-Brexit trade arrangements Asian stocks turn green but virus fears persist Stocks in Asia took a breather from yesterday’s steep sell-off as Chinese authorities stepped in to limit the fallout from the worsening outbreak of the coronavirus, as the death toll continues to rise. A massive injection of liquidity by China’s [..]

Daily Market Comment – Chinese stocks fall apart, but currencies take a breather

Posted on February 3, 2020 at 9:45 am GMT

Equities in China fall ~8%, but broader market stabilizes after Friday’s selloff Recession fears reignite, pushing dollar down as Fed rate cuts are priced in Pound drops as Boris ‘talks tough’ – prelude of things to come? US Democratic primary begins, will Bernie Sanders spook stocks? Chinese equities disintegrate, despite PBoC rate cut The coronavirus theme continues to torment financial markets, with Chinese stocks closing lower by almost 8% today, on their first day back from holidays. The losses [..]

Daily Market Comment – Aussie tanks on virus worries; Pound flies as BoE holds

Posted on January 31, 2020 at 9:28 am GMT

Stocks stage major comeback as investors brush aside virus fears However, aussie and kiwi tell a different story – both drop substantially Is the Fed’s ‘not QE’ responsible for the divergence between stock and bond/FX markets? Pound roars higher as BoE keeps rates unchanged Stocks recover, as health officials soothe contagion concerns The market’s rollercoaster ride continued Thursday, with US equities recovering substantial losses to close into the green, even though earnings from heavyweight tech players like Facebook (-6.1%) and [..]

Daily Market Comment – Close call if BoE will cut today; Risk aversion revives

Posted on January 30, 2020 at 9:49 am GMT

All eyes on BoE meeting, markets view prospect of a rate cut as a coin toss On balance, decent PMIs give BoE breathing room to wait – if so, pound might spike higher Yen advances, stocks stumble as virus fears revive risk aversion Dollar ticks lower as Fed adopts a slightly more cautious tone, but quickly recovers BoE rate decision: To cut, or not to cut? The main event today will be the Bank of England’s (BoE) policy decision at [..]

Technical Analysis – NZDUSD fades from 2019-year top; heads for supportive trendline

Posted on January 30, 2020 at 9:12 am GMT

NZDUSD’s decline from the beginning of the year off the peak of 0.6754 has retraced underneath the 200-period simple moving average (SMA) and approached the 50.0% Fibonacci retracement of the up leg from 0.6239 to 0.6754. Aiding negative momentum is the downward sloping 50-, 100-period SMAs and the red Tenkan-sen line which has distanced itself below its blue Kijun-sen line. Additionally, the MACD is marginally below its red trigger line deep in the negative region, while the RSI is attempting [..]

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