All Articles Tagged - NZDUSD

European Open Preview – All eyes on Washington as trade talks wrap up

Posted on February 22, 2019 at 8:50 am GMT

Markets will focus on trade today, as another round of US-China talks wraps up Euro looks to Germany’s Ifo survey and remarks by ECB’s Draghi Meanwhile, antipodeans are mixed amid headlines out of China and the RBNZ All eyes on Washington as another round of trade talks concludes Global risk sentiment turned sour on Thursday, with European and American equity markets closing in the red, following a string of disappointing economic data out of both regions. Accordingly, the defensive Japanese [..]

European Open Preview – Dollar ticks up after Fed minutes; aussie sinks

Posted on February 21, 2019 at 8:55 am GMT

Dollar ticks up after Fed minutes keep possibility of rate hikes alive European PMIs and ECB minutes the highlights of today’s agenda Aussie torpedoed as Chinese port bans Australian coal imports High-level trade talks resume in Washington Dollar crawls higher as Fed minutes aren’t as dovish as expected The minutes of the January Fed meeting confirmed the central bank will stay sidelined for a while amid several uncertainties, particularly in the global outlook. There was also broad consensus to end [..]

Technical Analysis – NZDUSD declines considerably; negative to neutral outlook

Posted on February 21, 2019 at 7:47 am GMT

NZDUSD has aggressively reversed back to the downside, dropping below the 23.6% Fibonacci retracement level of the upleg from 0.6423 to 0.6970, around 0.6840, and the mid-level of the Bollinger Band currently at 0.6830. Momentum indicators are pointing to a negative bias in the short term with the RSI trying to fall below the 50 level and the stochastic oscillator is declining from the overbought area. The stochastics have posted a bearish crossover within the %K and %D lines, suggesting further losses in the market. [..]

European Open Preview – Dollar retreats ahead of Fed minutes; pound soars

Posted on February 20, 2019 at 8:38 am GMT

Greenback pulls back on expectations for ‘dovish’ Fed minutes today Pound outperforms, soars back above $1.30 without Brexit news Gold sails past 10-month highs amid a quiet flight to safety Dollar retreats as traders brace for ‘dovish’ Fed minutes The dollar gave up some early gains on Tuesday to close the session much lower overall against a basket of six major currencies, as US traders returned to their desks after a holiday. While this retreat started without a clear catalyst, [..]

European Open Preview – Markets quiet as trade talks resume

Posted on February 19, 2019 at 8:45 am GMT

Markets quiet as new round of trade talks kicks off Sterling unfazed as Labour MPs split, looks to UK jobs data today Yen ticks down after BoJ chief teases further easing Subdued market moves ahead of fresh negotiating round Stocks in Asia are mostly in the green on Tuesday, albeit only modestly so, while US markets remained closed on Monday for a public holiday. Moves in the FX market were equally subdued to kick off the week, with price action [..]

European Open Preview – Stocks & commodity currencies cheer trade progress

Posted on February 18, 2019 at 8:48 am GMT

Risk sentiment buoyed by signs of progress in US-China talks, though risk of auto tariffs casts shadow ECB’s Coeure sends the euro lower, but single currency bounces back US and Canada closed for today, attention may be on Brexit Stocks rally alongside commodity currencies amid trade “progress” Encouraging headlines around the US-China trade talks boosted global risk sentiment on Friday, following the conclusion of the high-level talks in Beijing. Both sides played up hopes for a deal, with President Trump [..]

European Open Preview – Dollar, stocks retreat as data and trade talks disappoint

Posted on February 15, 2019 at 8:46 am GMT

Dollar and equities pull back after US retail sales plummet and trade talks seem likely to disappoint Pound underperforms as PM May loses another Brexit vote Euro/dollar stabilizes somewhat, supported by rate differentials UK retail sales and early US data for February coming up today Dollar drops alongside stocks as retail sales plunge, trade optimism fades The dollar retreated in tandem with US equity markets yesterday, both giving back some of their recent gains, following disappointing US data and signs [..]

European Open Preview – Markets climb on trade euphoria; dollar rally revitalized

Posted on February 14, 2019 at 8:54 am GMT

Stock markets grind higher as trade hopes grow, but caution warranted Dollar bulls back in the driver’s seat as core inflation beats forecasts Aussie and kiwi outperforming on Chinese data; focus on trade talks Trade euphoria keeps markets afloat as talks commence, but mind the risks US stock markets continued their march higher yesterday, and futures suggest they are set to open in the green today as well, buoyed by optimism around trade after the US President indicated the talks [..]

Technical Analysis – NZDUSD records strongest rally in three months

Posted on February 13, 2019 at 9:53 am GMT

NZDUSD jumped with full force early on Wednesday after finding support at the top of the Ichimoku cloud as stochastics entered oversold territory below 20. The RSI is positively sloped slightly above its 50 neutral mark, a sign that positive momentum may stay in place in the short term. Yet, with the MACD weakening below its red signal line and the red Tenkan-sen line losing strength, some caution may still be needed. An extension higher could see resistance coming within the 0.6850-0.6880 [..]

European Open Preview – Kiwi roars back as RBNZ disappoints the bears

Posted on February 13, 2019 at 8:45 am GMT

Kiwi skyrockets after RBNZ refrains from signaling rate cuts, but downside risks linger Trump’s trade comments reinvigorate risk appetite UK and US inflation data highlight the agenda today RBNZ fails to live up to market’s dovish expectations, kiwi explodes up As expected, the Reserve Bank of New Zealand (RBNZ) kept its policy unchanged overnight, maintaining a relatively balanced tone overall. It acknowledged that downside risks have increased, particularly on a global level, but retained some optimism on the outlook. Most [..]

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