All Articles Tagged - NZDUSD

Daily Market Comment – RBNZ to slash rates; more blues for the kiwi?

Posted on November 12, 2019 at 9:10 am GMT

Kiwi underperforms as investors bet that RBNZ will cut rates overnight Pound rejoices as Brexit party warms up to Tories, but risks seem tilted to the downside UK jobs data, Germany’s ZEW survey, and Fed-speak today RBNZ set to cut rates after inflation expectations drop The Reserve Bank of New Zealand (RBNZ) will announce its rate decision early on Wednesday, at 01:00 GMT. A rate cut seems quite likely, after a survey released overnight showed that the nation’s 2-year inflation [..]

RBNZ to likely cut rates; may be its last but kiwi not yet convinced – Forex News Preview

Posted on November 11, 2019 at 3:11 pm GMT

The Reserve Bank of New Zealand is expected to cut interest rates for the third time this year on Wednesday (01:00 GMT) as growth worries persist in the export-driven economy. Despite some tepid signs that the recent reductions in borrowing costs are starting to feed through to the New Zealand economy, the risks remain tilted to the downside. Nevertheless, the decision is expected to be a close one and any hints that policymakers are steering away from further monetary easing [..]

Daily Market Comment – US stocks cruise to new records, but Hong Kong weighs

Posted on November 11, 2019 at 9:25 am GMT

Risk aversion strikes back as Hong Kong protests intensify and trade doubts resurface Dollar advances without new catalysts, loonie stumbles on weak data UK GDP numbers due, but sterling keeps its sights on election polls Hong Kong jitters send global equities back down, lift yen US stock markets levitated to new records on Friday, undeterred by some remarks from President Trump that he hasn’t decided yet whether he is willing to roll back tariffs on China to get the ‘phase [..]

Week ahead – German recession, RBNZ rate decision, and a flood of data

Posted on November 8, 2019 at 1:46 pm GMT

The RBNZ will be the lone major central bank to decide on rates next week, but that doesn’t mean the schedule is light, as there’s an abundance of key economic data ripe for release. German growth figures will reveal if the euro area’s traditional star player entered a technical recession, while in America, a testimony by Fed chief Jay Powell could provide clues around the recent ‘pause’ in rate cuts. Beyond regular economics, markets will keep a watchful eye on [..]

Daily Market Comment – Dollar steadier after US data boost; stock market rally cools

Posted on November 6, 2019 at 9:18 am GMT

US dollar surges on strong ISM non-manufacturing PMI before steadying Stocks get off to softer start as trade deal euphoria starts to fade Euro pressured by stronger dollar; kiwi up despite disappointing jobs numbers Dollar hits 3-week high on upbeat PMI Better-than-expected economic data and optimism that the US and China are nearing a ‘phase one’ trade deal lifted the US dollar to the highest in three weeks against a basket of currencies on Tuesday. The dollar index reached a [..]

New Zealand jobs data could decide if RBNZ cuts next week – Forex News Preview

Posted on November 5, 2019 at 12:39 pm GMT

The latest employment numbers out of New Zealand will hit the markets late on Tuesday, at 21:45 GMT. This will be among the final data releases ahead of the RBNZ’s meeting next week, where market pricing currently assigns a 55% chance for a rate cut, so it may be crucial for that decision. Assuming no major disappointment in these figures, the risks seem tilted towards the RBNZ holding its fire, which may help the kiwi extend its rebound. Bottoming out? [..]

Daily Market Comment – Stocks rally on rising trade deal hopes; yuan hits 3-month high

Posted on November 5, 2019 at 9:03 am GMT

Growing optimism that a partial trade deal between the US and China is within reach boosts risk assets Yen and Swiss franc extend losses, yuan climbs to highest in three months Aussie edges up after RBA keeps rates steady; dollar eyes ISM non-manufacturing PMI US may roll back some China tariffs Optimism around a ‘phase one’ US-China trade deal continued to boost risk appetite on Tuesday, lifting stocks and other risk assets, while dampening demand for safe havens such as [..]

Daily Market Comment – Trade optimism lifts markets; strong NFP helps too but dollar subdued

Posted on November 4, 2019 at 9:16 am GMT

US and China reportedly close to agreeing a ‘phase one’ trade deal; stocks rally Safe havens retreat but still some caution, dollar subdued Euro eyes Lagarde speech Interim US-China trade deal within reach Growing signs that the partial US-China trade deal is close to being finalized drove market sentiment on Monday with Asian stocks getting a lift from another record close on Wall Street on Friday. The White House economic advisor Larry Kudlow told reporters on Friday that “enormous progress” [..]

Week Ahead – RBA to hold rates but BoE could signal policy shift; trade and services PMIs in focus

Posted on November 1, 2019 at 11:46 am GMT

As the Fed and the ECB signal they may be done with policy easing for now, the Reserve Bank of Australia may follow suit, but the Bank of England could be a late joiner to the easing club. Apart from the next wave of central bank meetings, monthly trade statistics will come to the fore with China’s figures likely to attract the most attention, while employment numbers out of Canada and New Zealand will also be eyed. Meanwhile, over in [..]

Daily Market Comment – Dollar braces for nonfarm payrolls; risk aversion returns

Posted on November 1, 2019 at 9:09 am GMT

US payrolls and ISM index could shape the dollar’s fortunes today Risk appetite dampened by reports China won’t compromise on ‘real’ trade issues Can US payrolls keep the besieged dollar from stumbling further? The spotlight today will fall on the US employment report for October, as investors scramble to figure out whether the Fed can truly afford to ‘pause’ its rate-cutting cycle, or whether that is merely wishful thinking. Likewise, the ISM manufacturing PMI for the same month will reveal [..]

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