All Articles Tagged - NZDUSD

European Open Preview – Sterling steady as May loses control of Brexit process; dollar weighed by falling US yields

Posted on March 26, 2019 at 9:14 am GMT

Pound holds steady as British MPs prepare to vote on alternative Brexit plans Dollar struggles following yield curve inversion Equities breathe sigh of relief as US yields edge up Pound hovers around $1.32 as Brexit drama continues UK Prime Minister Theresa May suffered another humiliating defeat in Parliament on Monday after lawmakers voted in favour of holding a series of indicative votes to decide the next steps in the Brexit process, seizing power away from the government. While the vote [..]

Week ahead – RBNZ meets, trade talks resume, and more Brexit in store

Posted on March 22, 2019 at 2:31 pm GMT

After a hectic week that saw the Fed officially abandon its rate-hike plans for this year and several developments in the Brexit saga, things could quiet down a little. The only major central bank to meet next week will be the Reserve Bank of New Zealand (RBNZ), while in the political arena, all eyes will remain on the UK as another Brexit vote could be held in Parliament. On the trade front, high-level talks will resume in Beijing. Brexit squarely [..]

European Open Preview – Dollar roars back; euro crumbles on soft PMIs

Posted on March 22, 2019 at 8:52 am GMT

Dollar recoups Fed losses as other currencies soften Stocks climb amid renewed trade optimism Pound trims losses as EU offers short extension Euro plunges after Germany’s manufacturing PMI signals more pain ahead Dollar roars back, recoups Fed losses The US dollar staged a remarkable comeback on Thursday, advancing against a basket of six major currencies to recoup all the losses it recorded following the Fed meeting, even without any positive US catalyst or news. What is particularly striking, is that [..]

European Open Preview – Dollar reels as Fed abandons hikes; BoE decides

Posted on March 21, 2019 at 8:52 am GMT

Fed ‘dot plot’ shows no hikes in 2019, dollar crumbles Sterling dives as May requests short extension; BoE meeting and EU summit today SNB remains on hold, reiterates readiness to intervene in FX market Dollar plunges as Fed abandons rate hike plans – easing bets grow The Fed meeting wasn’t short of surprises. There was no change in policy, as expected, but the officials revised down their rate projections in the famous ‘dot plot’ quite significantly, to the point that [..]

New Zealand’s GDP next for the kiwi as RBNZ meeting nears – Forex News Preview

Posted on March 20, 2019 at 1:51 pm GMT

The next focal point for the kiwi dollar will be New Zealand’s GDP for Q4, due out on Wednesday at 21:45 GMT. Forecasts point to a pickup in growth, but even if that projection is met, it would still fall short of the RBNZ’s own forecasts. In isolation, this would argue for a slightly more cautious tone when the central bank meets again next week, which represents a risk for the kiwi. Economic growth is forecast to have picked up [..]

European Open Preview – Fed ‘dots’ to steal the show; pound retreats

Posted on March 20, 2019 at 8:45 am GMT

Fed decision at 18:00 GMT today; new rate projections to dictate market reaction Stocks pause rally as trade uncertainty reigns in Sterling inches down amid reports May will ask for short Brexit extension Fed ‘dots’ to steal the show The main event today will be the Fed policy decision at 18:00 GMT, which will be followed by a press conference from Chair Powell. No change in policy is expected, so all eyes will be on the updated forecasts for the [..]

European Open Preview – Long Brexit extension looms; dollar retreats as Fed casts shadow

Posted on March 19, 2019 at 8:48 am GMT

Pound drops as Brexit angst deepens, but prospect of long extension offers ray of hope Growing Fed rate cut expectations support risky assets, weigh on dollar Crude oil continues to march higher UK House speaker vetoes third Brexit vote – long extension in scope UK politics made headlines yet again on Monday after the Speaker of the House of Commons, John Bercow, ruled out allowing the government to bring its Brexit deal to Parliament for a third time unless it [..]

European Open Preview – Dollar softens as Fed meeting looms; stocks climb

Posted on March 18, 2019 at 9:11 am GMT

US stocks rally to six-month highs but perhaps on option expiries – implying some cause for caution Dollar retreats in a quiet session; looks to Fed meeting on Wednesday Sterling catches its breath ahead of potentially decisive week US equities cruise to six-month highs on ‘quad witching’ In an otherwise quiet session, US stock markets rallied on Friday, with the benchmark S&P 500 (+0.50%) index breaking above a critical resistance zone around 2,820 that capped several rallies in recent months, [..]

European Open Preview – Sterling soars after Parliament rejects no-deal Brexit; Trump trade comments weigh on sentiment

Posted on March 14, 2019 at 9:12 am GMT

Pound continues rollercoaster ride amid more Brexit twists and turns at Westminster; MPs look set to vote in favour of delaying Brexit Chinese industrial production falls to 17-year low, dampening market sentiment President Trump says he is “in no rush” to complete trade talks with China, raising doubts about a March deal Pound leaps to 9-month high as no-deal Brexit is voted down The British currency jumped to a 9-month peak of $1.3383 on Wednesday after the UK Parliament voted [..]

Technical Analysis – NZDUSD develops in narrow range; SMAs follow bearish move

Posted on March 7, 2019 at 11:02 am GMT

NZDUSD continues to lose momentum after the strong pullback on the 0.6900 handle, which drove the pair beneath the 20- and 40-simple moving averages (SMAs) as well as below 0.6795, the 38.2% Fibonacci retracement level of the upleg from 0.6560 to 0.6940. The price has been developing within the 0.6755-0.6900 area over the last three weeks, with the RSI indicator pointing marginally to the downside now in the negative territory, confirming the latest bearish action. In the negative scenario, a [..]

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