All Articles Tagged - NZDUSD

New Zealand GDP growth likely slowed in Q2; more rate cuts may be needed – Forex News Preview

Posted on September 18, 2019 at 9:46 am GMT

New Zealand will publish GDP data on Wednesday at 22:45 GMT and expectations are that the economy slowed notably in the second quarter. The country’s central bank has already embarked on an aggressive rate cutting cycle and the data is likely to do little in paring expectations that additional policy easing will be required. A soft report would make it even more difficult for the New Zealand dollar to fight off bearish bets as the currency moves to the bottom [..]

Daily Market Comment – Oil soars after Saudi attacks; yen and gold up too

Posted on September 16, 2019 at 8:21 am GMT

Oil prices skyrocket after Yemen rebels launch air strikes on Saudi oil facilities Safe havens also jump as poor Chinese data adds to risk-off mood Pound eases from highs after EU casts doubt on Johnson’s claim of Brexit progress Oil prices surge to 4-month high after Saudi oil attacks Crude oil prices skyrocketed on Monday, recording their biggest intra-day gain since 1991 after Houthi rebels in Yemen reportedly carried out drone and cruise missile strikes on two major Saudi Arabian [..]

Week Ahead – Central banks bonanza awaits: Fed might disappoint, BoJ could surprise, more Brexit blues for BoE

Posted on September 13, 2019 at 1:30 pm GMT

With the ECB meeting over, it’ll be the turn of other central banks to try and impress stimulus-hungry markets with no less than four major policy meetings still to come. The Bank of Japan, the Bank of England, the Swiss National Bank, and of course, the Federal Reserve will announce their decisions over the next seven days. Economic data will also make the headlines as Canada, Japan and the United Kingdom publish inflation stats, China releases industrial production and retail [..]

Daily Market Comment – ‘Super Mario’ delivers, but not enough to keep euro down

Posted on September 13, 2019 at 8:09 am GMT

ECB cuts rates & restarts QE, but Draghi’s hints that monetary policy is at its limits push euro higher Stocks soar, havens drop on reports of an ‘interim’ US-China trade deal US retail sales today may be crucial for whether Fed delivers a ‘hawkish rate cut’ next week Euro rides the ECB rollercoaster, ends higher The European Central Bank (ECB) meeting was not short of excitement, with policymakers slashing the deposit rate by 10 basis points to -0.50% and restarting [..]

Technical Analysis – NZDUSD runs out of steam after snapping 200-SMA

Posted on September 13, 2019 at 7:56 am GMT

NZDUSD managed to tick above the 200-period simple moving average (SMA) in the four-hour chart for the first time since July but the bulls were soon rejected around 0.6449, with the price resuming its weekly neutral status. While the RSI is pushing efforts to return above its 50 neutral-mark, the falling MACD and the convergence of the red Tenkan-sen and Kijun-sen lines signal that the bullish action may be running out of steam. The 20-period SMA turned discouraging as the line which [..]

Commodity dollars bounce back on easing headwinds but outlook remains as clouded as ever – Special Report

Posted on September 12, 2019 at 2:24 pm GMT

Commodity-driven currencies such as the Australian, New Zealand and Canadian dollars are enjoying a bit of a reprieve from an extended sell-off as rekindled hopes of a US-China trade deal and increased stimulus around the world have energized the struggling currencies. But despite early indications that the upcoming trade talks may actually produce substantive progress, the range of factors weighing on the aussie, kiwi and loonie means more downside is likely to come. The ongoing trade war has dented the [..]

Daily Market Comment – ECB meeting front and center as trade worries ease

Posted on September 12, 2019 at 8:11 am GMT

ECB decision today – euro reaction to hinge on size of stimulus package Trade fears recede after US and China extend olive branches – stocks soar Oil prices dive as Trump considers easing Iran sanctions ECB meeting: Is ‘Super Mario’ coming with a bazooka or a toy gun? The much-anticipated ECB meeting concludes today at 11:45 GMT, and a press conference by President Mario Draghi will follow at 12:30 GMT. Policymakers are widely expected to deliver a blend of stimulus [..]

Daily Market Comment – Yen in distress amid trade optimism and BoJ easing talk

Posted on September 11, 2019 at 8:10 am GMT

Trade optimism remains the dominant theme, keeping FX market in a risk-on mood Yen underperforms on speculation of BoJ easing next week Oil retreats after Trump fires hawkish national security advisor Bolton Markets stay in a risk-on mood as trade optimism lingers The FX market continues to dance to a ‘risk-on’ tune, with moves in recent days being characterized by haven currencies such as the yen retreating, while trade-sensitive currencies like the aussie and the kiwi recover lost ground. Investors [..]

Daily Market Comment – Pound recovers as no-deal Brexit fears recede, for now

Posted on September 10, 2019 at 8:06 am GMT

Sterling outperforms as Johnson strikes a slightly more conciliatory tone Euro advances on reports Berlin is considering fiscal stimulus Safe havens retreat as US’ Mnuchin reiterates his optimism on trade Sterling cruises higher as no-deal Brexit chances recede, for now The political rollercoaster continues in the UK. Prime Minister Johnson lost another vote in Parliament yesterday, with lawmakers denying his request for a snap election again. Likewise, the legislation forcing the government to ask for a Brexit extension if no [..]

Daily Market Comment – Brexit the only game in town as markets wait for ECB

Posted on September 9, 2019 at 8:31 am GMT

All eyes on the UK as Boris takes another shot at securing a snap election Dollar little changed after NFP and Powell don’t move the needle – ECB in focus Markets stay in risk-on mood despite soft Chinese trade data Pound cools before another UK Parliament battle Never a dull moment in British politics. After a stormy week that saw the government lose its majority and suffer multiple Brexit defeats in Parliament, investors will keep their gaze locked on another [..]

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