All Articles Tagged - NZDUSD

Daily Market Comment – US and China agree to ceasefire, stocks & dollar cheer

Posted on July 1, 2019 at 8:21 am GMT

Trade ceasefire propels stocks and dollar higher, sends safe havens lower Oil rejoices on trade truce and OPEC agreement ISM manufacturing PMI today may be crucial for Fed expectations Risk sentiment lifted as Trump & Xi decide to restart trade talks The pivotal meeting between the American and Chinese leaders concluded with the two sides agreeing to restart trade negotiations and hold off on imposing any new tariffs ‘for the time being’. What stood out was that the US also [..]

Daily Market Comment – Dollar drifts lower as G20 outcome anxiously awaited; inflation data eyed

Posted on June 28, 2019 at 8:17 am GMT

Markets anxiously await US-China trade talks as G20 summit gets underway Dollar and other majors steady but equities struggle Eurozone and US inflation data in focus amid rate cut talk All eyes on Trump-Xi meeting As the G20 summit gets underway in Osaka, Japan, investors’ attention is fixated on the much-anticipated meeting between US President Trump and Chinese President Xi as the two leaders attempt to mend their fraught relations. There’s a lot of uncertainty as to what the meeting, [..]

Daily Market Comment – Risk appetite creeps higher ahead of G20 talks; dollar advances

Posted on June 27, 2019 at 8:33 am GMT

Markets in cautiously optimistic mood ahead of crucial Trump-Xi meeting Reports that US and China have agreed to tentative truce over trade lift sentiment Dollar edges up but most pairs stuck in narrow ranges as G20 outcome awaited Modest hopes of positive talks buoy risk appetite Signs that the US and China were moving close to reaching some sort of a truce over their trade dispute lifted market sentiment on Thursday. According to a Chinese newspaper report, the US [..]

Technical Analysis – NZDUSD pulls back near 2-month high; remains in sideways channel

Posted on June 27, 2019 at 6:52 am GMT

NZDUSD stretched its seven-day rally to a more than two-month high of 0.6690 on Wednesday, remaining within the Ichimoku cloud. The price advanced above the bullish cross within the 20- and 40-simple moving averages (SMAs) and is trying to exit from the two-month congestion area of 0.6490 – 0.6680. The near-term bias is looking neutral-to-bullish as the RSI is flatlining above the 50-neutral level, while the MACD is strengthening its positive momentum well above its trigger line, suggesting more upside pressure in [..]

RBNZ to prepare ground for August cut, but watch trade too – Forex News Preview

Posted on June 24, 2019 at 11:18 am GMT

The Reserve Bank of New Zealand (RBNZ) will announce its rate decision early on Wednesday, at 02:00 GMT. No action is expected, so markets will be looking for signals that a rate cut is on the table at the August meeting. While the kiwi could tumble in case of a dovish statement, any losses may be short-lived if the American and Chinese presidents strike a conciliatory tone on trade when they meet on Friday. The RBNZ cut rates the last [..]

Daily Market Comment – Cautious optimism ahead of G20 summit; dollar slips to 3-month lows

Posted on June 24, 2019 at 8:06 am GMT

All eyes this week are on planned meeting between Presidents Trump and Xi at the G20 summit Cautious optimism that progress can be made in stalled trade talks lifts equities on Monday But growing tensions between the US and Iran weigh on sentiment Dollar remains under pressure as markets expect a near-term rate cut by the Fed Hopes rise of positive talks at G20 summit Markets started the week on a positive note on Monday on hopes that the talks [..]

Week Ahead – All eyes on G20 summit for trade progress; RBNZ meets

Posted on June 21, 2019 at 11:31 am GMT

As heightened trade tensions force central banks around the world to take a dovish turn, the fate of the US-China trade talks will be determined at the G20 summit in Japan. The planned meeting between US President Trump and Chinese President Xi will be the highlight of the week as investors will be hoping for a thaw in the strained relations between the two leaders. Central banks will not totally disappear from the limelight as the RBNZ will hold its [..]

Daily Market Comment – Stocks soar to new records after Fed; oil gains

Posted on June 21, 2019 at 7:49 am GMT

US stocks soar to new all-time highs after Fed European PMIs give the euro a helping hand UK leadership contest reaches final two – sterling outlook neutral Oil advances as supply concerns heighten, demand picture brightens Fed’s dovish signals propel US stocks to new records Stock markets have been among the main beneficiaries after the Fed laid the groundwork for near-term rate cuts, with the benchmark S&P 500 (+0.95%) index closing at a fresh record high yesterday. Falling interest rates [..]

Daily Market Comment – Fed confirms rate cuts loom, dollar crumbles

Posted on June 20, 2019 at 7:45 am GMT

Fed was remarkably dovish, sending the dollar lower BoE meets today; sterling may gain a little on reaffirmation of tightening bias Loonie flies as BoC may be the sole ‘island of neutrality’ Dollar tanks, gold soars as Fed signals incoming cuts The Fed kept rates unchanged yesterday, but the meeting wasn’t short of excitement as policymakers endorsed the market’s expectations for rate cuts as much as possible. One official voted for an immediate cut, while the Committee as a whole [..]

Daily Market Comment – Fed meets; will Chair Powell be dovish enough?

Posted on June 19, 2019 at 7:53 am GMT

All eyes on Fed – Powell may have trouble satisfying the bears Euro cruises lower as Draghi signals more stimulus Stocks roar higher as Trump-Xi agree to meet at G20 UK & Canadian inflation data coming up Fed meeting: Dovish, but enough to appease the market? The main event today will be the Fed policy decision at 18:00 GMT, followed by a press conference from Chairman Powell half an hour later. A more dovish tone seems almost certain in light [..]

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