All Articles Tagged - NZDUSD

European Open Preview – BoC throws in the towel, spotlight turns to ECB

Posted on March 7, 2019 at 8:46 am GMT

ECB meeting the main event today, focus will be on signals for loans to banks Loonie sinks to two-month lows as BoC abandons rate hike plans Elsewhere, stocks retreat without a clear catalyst – perhaps on profit taking Will the ECB join the chorus of dovish central banks today? All eyes will be on the highly-anticipated ECB policy decision today, and in particular on the updated economic forecasts and Draghi’s press conference at 13:30 GMT. The euro area economy continues [..]

European Open Preview – BoC decides as rate-hike bets evaporate; aussie drops

Posted on March 6, 2019 at 8:45 am GMT

Bank of Canada meets; markets seem to be expecting a major dovish pivot, which may not materialize US dollar rally revitalized by robust ISM index Aussie drops to two-month lows as RBA rate-cut expectations grow BoC decides as rate-hike bets evaporate The main event on Wednesday will be the Bank of Canada (BoC) rate decision. No action is expected, and since there is no press conference by Governor Poloz either, investors will scrutinize the accompanying statement for any policy hints. [..]

European Open Preview – Dollar rally in full throttle, but mind the speed bumps

Posted on March 5, 2019 at 8:47 am GMT

Dollar upswing continues unabated, but caution gradually warranted US stocks retreat after soft data, Chinese markets up on stimulus news RBA stays on hold, aussie yawns UK services and ISM non-manufacturing PMIs coming up today Dollar rally in full throttle, but speed bumps may lie ahead The US dollar registered another session of strong gains to kick off the week, gaining ground against all its major counterparts besides the defensive Japanese yen, which was the best performer as risk sentiment [..]

European Open Preview – Stocks bask in trade optimism; dollar advances

Posted on March 4, 2019 at 8:55 am GMT

Stocks cruise higher on reports that a trade deal is just around the corner Dollar advances, despite soft US data and ‘jawboning’ by Trump Loonie crushed as Canadian GDP disappoints, oil retreats Equities bask in trade optimism US stock markets closed higher on Friday, and futures suggest these indices will likely open in the green on Monday as well, fueled by renewed optimism that a US-China trade deal is just around the corner. Media reports over the weekend reinforced such [..]

European Open Preview – Yen crumbles as risk sentiment improves, dollar rebounds

Posted on March 1, 2019 at 8:53 am GMT

Dollar rebounds after US GDP beats expectations, looks to ISM manufacturing index Yen falls to two-month lows as solid Chinese PMIs reinvigorate risk appetite Busy schedule today: Eurozone inflation data, UK manufacturing PMI, Canadian GDP Dollar inches up as US GDP tops forecasts, but stocks struggle The dollar was the main winner in Thursday’s session, drawing support from stronger-than-anticipated US GDP data for Q4 to outperform all its G10 peers outside of the Swiss franc. Economic growth clocked in at [..]

Technical Analysis – NZDUSD creates bearish rally; neutral in short term

Posted on February 28, 2019 at 9:41 am GMT

NZDUSD has lost its positive momentum following the bounce off the 0.6900 psychological level, which pushed the price below the 20- and 40-simple moving averages (SMAs) as well as below the 23.6% Fibonacci retracement level of the upleg from 0.6560 to 0.6940, around 0.6850. Also, the price is struggling inside the Ichimoku cloud and the RSI and the MACD are moving with weak momentum in the 4-hour chart, suggesting a neutral mode. In the negative scenario, a slip below the 0.6832 support could open the [..]

European Open Preview – Stocks retreat as trade optimism fades, growth concerns return

Posted on February 28, 2019 at 8:57 am GMT

Risk aversion prevails as top US trade official reins in optimism, Chinese PMIs disappoint Sterling cruises even higher as no-deal Brexit risks fades Oil rebounds on supply news, but pulls back on demand concerns Today, German inflation and US GDP data will be in focus Risk-off mood prevails amid geopolitical and trade risks, soft Chinese data US equity markets closed with modest losses on Wednesday and futures suggest they may be headed for even more pain today, amid several risks [..]

European Open Preview – Pound celebrates potential Brexit delay; dollar retreats

Posted on February 27, 2019 at 8:57 am GMT

Sterling rejoices as PM May signals potential Brexit delay Dollar retreats as Powell seems cautious on domestic issues too Canadian inflation data coming up, with oil prices also crucial for loonie Pound explodes higher as May implicitly signals Brexit delay The British pound was the star performer on Tuesday, gaining ground across the board to touch a new 5-month high versus the dollar after PM May watered down her Brexit stance, opening the door for an extension of the exit [..]

European Open Preview – Aussie and Chinese stocks lifted as Trump delays tariff deadline; dollar steady

Posted on February 25, 2019 at 9:10 am GMT

Trump extends March 1 deadline, citing “substantial progress” in trade talks with China Aussie and Chinese shares surge on the news but overall market reaction muted Pound inches higher on increased talk of Brexit delay US and China edge closer to a trade deal Financial markets got off to a positive start on Monday as traders were greeted with President Trump’s tweets that there was “substantial progress” in trade negotiations between the United States and China last week. Trump also [..]

Week Ahead – Long overdue US Q4 GDP, other data backlog to dominate

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

The fourth quarter GDP estimates for the United States will finally be published next week following the disruption to the American release calendar from the government shutdown. Canadian GDP will also be in focus, along with core PCE inflation numbers out of the US. Other notable releases include Japanese and Australian capital expenditure figures for Q4, as well as Eurozone flash inflation and Chinese manufacturing PMIs. Trade talks between the US and China will also be on investors’ radar as [..]

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