All Articles Tagged - NZDUSD

Daily Market Comment – Dollar goes for a ride as Fed baffles markets

Posted on October 31, 2019 at 9:01 am GMT

Dollar ends lower, stocks soar as Fed can’t convince markets it will hit ‘pause’ Loonie hammered as BoC drops neutral stance, hints at ‘insurance cut’ BoJ strengthens easing bias, but yen yawns Eurozone, US, and Canadian data coming up today Fed cuts rates and signals a pause, but markets don’t buy it The Fed cut rates by another quarter-point yesterday, as widely expected, but refrained from signaling that any more cuts are coming. The phrase “will act as appropriate to [..]

Technical Analysis – NZDUSD steadies above 50-day MA but struggles for direction

Posted on October 30, 2019 at 3:46 pm GMT

NZDUSD has stabilized above its 50-day moving average (MA) and above the 23.2% Fibonacci retracement of the downleg from 0.6789 to 0.6203 at 0.6341 after pulling back from six-week highs. However, despite settling above this key overlap region, the oscillators point to only weak upside momentum in the near term. The RSI has flatlined just above the 50-neutral level, and although the stochastics have just completed a bullish crossover, they’ve yet to make a convincing recovery out of oversold territory. [..]

Daily Market Comment – Fed, BoC, and BoJ decisions; UK election confirmed

Posted on October 30, 2019 at 9:18 am GMT

Fed to slash rates today but may signal a pause after this cut, lifting the dollar BoC set to stand pat, unlikely to alter its neutral stance BoJ decides early on Thursday – close call whether it will cut UK General Election officially called for December 12 Fed virtually certain to cut rates, but will it also signal a pause? It’s an extremely busy day, with the main event being the Federal Reserve policy decision at 18:00 GMT, which will [..]

Daily Market Comment – Markets steady as trade and Brexit headlines hit pause; ECB coming up

Posted on October 24, 2019 at 8:27 am GMT

Major pairs move sideways amid lack of fresh developments on the trade and Brexit fronts Speech by US Vice President on China eyed for clues on trade talks Stocks edge up despite mixed earnings ECB to kick off busy seven days for central banks Calm in FX markets but risks lurk Major pairs were trading within their recent ranges on Thursday as markets were offered a rare respite from Brexit and trade war headlines. The pound was marginally lower at [..]

Daily Market Comment – Pound steady ahead of Parliamentary Brexit debate; stocks boosted by trade optimism

Posted on October 22, 2019 at 8:12 am GMT

UK Parliament to begin debating Withdrawal Agreement bill Pound near highs but at risk if lawmakers derail Johnson’s Brexit plan US and China continue to send positive vibes on trade talks, lifting stocks Canadian dollar brushes off election concerns as Trudeau loses majority Busy week for UK Parliament; more headaches for Johnson ahead The Speaker of the House of Commons, John Bercow, continued to be a thorn on the side of the UK government after he blocked an attempt to [..]

Daily Market Comment – Brexit deal done, but will Parliament approve?

Posted on October 18, 2019 at 8:14 am GMT

New Brexit deal heads to a vote in the UK Parliament on Saturday A rejection may see sterling open lower, but any retreat to stay short-lived Syria ceasefire pushes Turkish lira higher Several Fed officials speak today – crucial for October rate-cut pricing There and back again: A Brexit deal story After a week of intense negotiations, the EU and the UK finally reached a Brexit deal yesterday, which will be put to the British Parliament on Saturday for a [..]

Technical Analysis – NZDUSD bulls breach upper bound of Ichimoku cloud, eyeing 200-SMA

Posted on October 17, 2019 at 8:48 am GMT

NZDUSD buyers pushed off the 100-period simple moving average (SMA) and above various obstacles moving out of the Ichimoku cloud. The recent rally looks to shift the bias by climbing above the 200-day SMA, despite an overall short-term neutral picture prevailing, as indicated by the horizontal SMAs. The short-term oscillators reflect a kind of neutral state but lean slightly towards the positive picture. The MACD, in the negative zone has moved above its red trigger line and is nearing zero, [..]

Daily Market Comment – Sterling all over the place amid Brexit rollercoaster

Posted on October 17, 2019 at 8:14 am GMT

Conflicting Brexit headlines pull the pound in all directions Dollar retreats after disappointing US retail sales, euro capitalizes Aussie jumps after decent jobs data curb bets for RBA rate cuts Pound goes for another rollercoaster ride The British pound remains in the eye of the storm, with a barrage of conflicting Brexit headlines yesterday pulling the currency in all directions. A deal wasn’t reached, though progress has seemingly been made, and the negotiations will continue today. That said, both sides [..]

Daily Market Comment – Pound breaks higher as Brexit euphoria grows

Posted on October 16, 2019 at 8:25 am GMT

Pound resumes rally as optimism for a deal grows, but risk of pullback elevated US-China tensions flare up again as Congress pushes Hong Kong bill US retail sales data today may be crucial for whether Fed cuts in two weeks Sterling surges on reports Brexit deal is close, but hold your horses The British currency resumed its upward trajectory yesterday, touching a new five-month high against the dollar, after several reports suggested that a Brexit deal is drawing closer. Beyond [..]

Can New Zealand’s inflation data save the battered kiwi? – Forex News Preview

Posted on October 15, 2019 at 2:58 pm GMT

The latest inflation figures out of New Zealand will hit the markets during the early Asian session on Wednesday (21:45 GMT Tuesday). Forecasts point to a slowdown, which if met, would all but guarantee another RBNZ rate cut next month. As for the kiwi, the outlook remains dark as both the domestic and the global economy are weakening, and even a positive surprise in these data may be unable to keep the battered currency supported for long. Insecure New Zealand’s [..]

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