All Articles Tagged - NZDUSD

FX Year Ahead 2020: Turnaround or same old blues? – Special Report

Posted on December 30, 2019 at 3:24 pm GMT

While 2019 was a turbulent year to be sure, every asset class still managed to end in the green, mainly thanks to central bank stimulus. In the FX space, the winners were the Canadian dollar and British pound, the US dollar was almost flat, while the euro underperformed. Looking into 2020, many risks still hang over the euro as the Eurozone is hardly growing, and while many strategists are calling for the dollar’s demise, that seems unlikely unless the Fed [..]

Daily Market Comment – Year end flows hit dollar, but gold can’t capitalize

Posted on December 30, 2019 at 9:21 am GMT

Greenback takes a hit in thin markets – a prelude to 2020? Gold unable to take advantage of weaker dollar and lower US yields Calendar empty, scarce liquidity still a theme No news is bad news for the US dollar News flow in financial markets remains non-existent as things wind down heading into the New Year, but that hasn’t stopped investors from cutting their exposure to the US dollar, which continues to bleed amid year-end flows. Many argue that [..]

Daily Market Comment – Gold and stocks march higher as dollar bleeds

Posted on December 27, 2019 at 9:21 am GMT

US equities reach new peaks, but dollar can’t stay afloat Gold shines even brighter heading into year-end Aussie and kiwi make a comeback, both scale 5-month peaks Stocks push even higher as Amazon soars, dollar retreats Financial markets remain in a holiday mood, with moves in the FX spectrum being somewhat limited in magnitude in an environment of thin liquidity and without any noteworthy news to drive the price action. The underlying theme is still an increased appetite for riskier [..]

Daily Market Comment – Wall Street hits new highs for Christmas; gold gains too

Posted on December 24, 2019 at 9:00 am GMT

Dow Jones lifted by Boeing, aussie and kiwi follow stocks higher Sterling edges lower as Brexit worries persist Gold does its own thing again – swims against the risk-on tide US stocks close at fresh records; aussie and kiwi climb as well Another day, another record close for all three major US equity indices, this time with the Dow Jones (+0.34%) leading the pack. The price-weighted index was propelled higher by some gains in Boeing (+2.9%), which has the highest [..]

Daily Market Comment – Dollar shrugs off Trump impeachment; aussie jumps on upbeat jobs data

Posted on December 19, 2019 at 9:03 am GMT

Dollar unfazed from US House vote to impeach Trump, edges up on higher Treasury yields Aussie and kiwi bounce higher on better-than-expected domestic data; loonie also firmer Pound steadier ahead of Bank of England decision President Trump is impeached; markets don’t care President Trump became the third president in the history of the United States on Wednesday to be impeached after the House of Representatives, as expected, approved two charges against him for abuse of power and obstruction of [..]

Daily Market Comment – Markets begin to tone down ahead of holiday season; sterling extends slide

Posted on December 18, 2019 at 9:29 am GMT

Stock market rally loses steam as investors await further details on ‘phase one’ deal Pound continues to slip on revived no-deal Brexit fears Dollar supported by upbeat US data Aussie, kiwi and loonie on the backfoot; domestic data in focus Stocks pause for breath on lack of fresh headlines The global rally in equities appeared to be running out of steam on Wednesday as shares succumbed to profit taking after several days of impressive gains. Equities received a major boost [..]

Technical Analysis – NZDUSD softens below 4 ½-month high; uptrend still in place

Posted on December 18, 2019 at 8:20 am GMT

NZDUSD flipped back into the 0.6500 region after failing to hold above the 0.6600 bar. The price is currently testing the 0.6565 level, which is the 61.8% Fibonacci of the downleg from 0.6789 to 0.6202, with the RSI and the MACD suggesting that some weakness may persist as the indicators seem to be losing momentum in the positive territory. The uptrend off the 10 ½-year low of 0.6202, however, remains intact and only a closing price below the neckline of the inverse [..]

Shining kiwi could get brighter on New Zealand’s Q3 GDP growth – Forex News Preview

Posted on December 17, 2019 at 11:59 am GMT

The New Zealand dollar registered five green weeks in a row against its US counterpart, ahead of the GDP report for the third quarter that is expected to back the upward direction in the currency on Wednesday at 21:45 GMT. Trade relief to discourage additional monetary easing in near-term In November, the Reserve Bank of New Zealand surprised markets by holding interest rates steady at 1.0% instead of cutting them by 25 bps as analysts anticipated. The kiwi changed trajectory immediately to the [..]

Daily Market Comment – Pound slips as hard Brexit fears resurface; stocks regain momentum

Posted on December 17, 2019 at 9:09 am GMT

Pound tumbles as Johnson raises the stakes in getting Brexit done by December 2020 Stock markets continue to cheer US-China trade deal despite some doubts Aussie under pressure after RBA hints at February rate cut Sterling faces Brexit reality check The British pound is on the slide following reports that UK Prime Minister Boris Johnson will use his huge parliamentary majority to make an amendment to the Withdrawal Agreement to make it illegal for the transition period to be extended [..]

Daily Market Comment – Relief as US and China finally agree ‘phase one’ deal but euphoria already fading

Posted on December 16, 2019 at 9:28 am GMT

US and China reach a deal on a ‘phase one’ trade deal but details fail to impress Equity rally eases as euphoria begins to fade; yen extends losses Flash December PMIs in focus in Europe and US US and China confirm an interim deal The United States and China confirmed reports on Friday that a ‘phase one’ trade deal had been agreed by the two sides, ending weeks of speculation about whether a preliminary accord was possible before the end [..]

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