All Articles Tagged - NZDUSD

Week Ahead – Will the central bank bonanza kill the festive joy or fuel it?

Posted on December 8, 2023 at 10:30 am GMT

Fed, ECB, BoE and SNB hold their final policy decisions of the year Will they push back on rate cut expectations? US CPI and flash PMIs will be crucial too UK GDP, Aussie jobs also on the agenda Fed to hold rates but will it signal big cuts? The Federal Reserve is almost certain to keep its policy rate unchanged on Wednesday as the US economy finally appears to be losing some steam and inflation is coming under control. Chair [..]

Technical Analysis – Can NZDUSD bulls keep the rally alive?

Posted on December 6, 2023 at 7:35 am GMT

NZDUSD in the green today but sentiment mixed Key market events increase possibility of stronger moves Momentum indicators on the brink of giving bearish signals NZDUSD is edging higher today, reacting to the previous two sizeable red candles. It has been an aggressive rally from the November 1 low of 0.5788 as NZDUSD bulls took advantage of the widespread USD weakness and the relative hawkishness of the RBNZ to record a 3-month high of 0.6222. In the meantime, the convergence [..]

Will the US NFP report come to the dollar’s rescue? – Preview

Posted on December 5, 2023 at 8:27 am GMT

Data and Fed rhetoric prompt investors to increase rate cut bets Dollar’s next major test comes in the form of the US jobs report The data comes out on Friday at 13:30 GMT Dollar bleeds as investors ramp up bets of massive rate cuts The US dollar has been bleeding lately as the market keeps adding to its Fed rate cut bets on every opportunity. Following the disappointing jobs data for October and the larger-than-expected inflation slowdown for the same [..]

Technical Analysis – NZDUSD battles with 50.0% Fibonacci

Posted on December 1, 2023 at 3:07 pm GMT

NZDUSD in a steady uptrend since October 26 Breaks above the 200-day SMA to post a fresh 4-month peak Momentum indicators approach overbought conditions NZDUSD has been staging a solid rebound from its 2023 low of 0.5772, aiming to erase a part of its long-term downtrend. Even though the pair stormed to a fresh four-month peak of 0.6206 this week, the risk of a downside correction is increasing as the short-term oscillators are pointing at an overstretched advance. Should the price reverse [..]

Market Comment – Fed’s Waller talks rate cuts and hurts the dollar

Posted on November 29, 2023 at 9:10 am GMT

Dollar extends tumble as Waller raises prospect of lower rates Yen, kiwi, and aussie the main winners once again RBNZ holds rates steady, but lifts OCR projections Gold stretches rally, oil rebounds ahead of OPEC+ decision The hawk who turned into a dove The US dollar accelerated its tumble yesterday, dropping against every other major currency, with the yen, the kiwi and the aussie, securing the most gains once again. This time it was Fed Governor Chris Waller who pushed [..]

Technical Analysis – NZDUSD surges to fresh almost 4-month peak

Posted on November 29, 2023 at 7:35 am GMT

NZDUSD posts aggressive bullish rally Price penetrates 200-day SMA to the upside Technical signals are strongly bullish NZDUSD skyrocketed to a fresh almost four-month high above the 0.6200 round number earlier today. The strong rebound off the 0.5770 barrier took the market well above the short-term simple moving averages (SMAs) and more importantly above the 200-day SMA, which is a bullish sign. Technically, the RSI indicator is travelling towards the overbought territory with strong momentum, while the MACD is stretching [..]

Market Comment – Fed cut bets continue to weigh on dollar

Posted on November 28, 2023 at 9:28 am GMT

Dollar extends slide as first 25bps Fed cut seen by June Fed officials speak ahead of PCE inflation data later this week Yen gains on reports the BoJ is considering exiting negative rates Aussie and kiwi stretch rally, RBNZ decision awaited Investors fully price in a 25bps Fed cut in June The US dollar continued trading on the back foot against its major peers on Thursday, losing the most ground against the yen, the aussie, and the kiwi, in that [..]

Market Comment – Dollar and oil extend slide ahead of busy week

Posted on November 27, 2023 at 10:20 am GMT

Major pairs and gold climb to new highs as dollar sags Inflation data and Fed speakers awaited for direction Oil drifts lower ahead of OPEC+ decision Markets cautiously optimistic ahead of key data Trading got off to a cautious start on Monday as investors awaited fresh clues on inflation and the Fed policy path in what looks set to be a more eventful week following the Thanksgiving lull. Although Fed rate cut expectations have been scaled back from around 100 [..]

Will the RBNZ pour cold water on rate cut expectations? – Preview

Posted on November 24, 2023 at 1:53 pm GMT

Since the last RBNZ meeting, data have been coming on the weak side Investors see no more hikes and expect 40bps worth of cuts for 2024 But the RBNZ is unlikely to satisfy market bets The meeting is scheduled for Wednesday, at 01:00 GMT Data points to softening economic activity At its latest gathering, the Reserve Bank of New Zealand (RBNZ) held its Official Cash Rate (OCR) steady at 5.5%, noting that interest rates are constraining economic activity and are [..]

Week Ahead – All eyes on OPEC+ meeting, US and Eurozone inflation to dominate too

Posted on November 24, 2023 at 10:21 am GMT

Oil’s fortunes hinge on OPEC+ meeting outcome on Thursday Eurozone flash inflation and US core PCE also due on Thursday RBNZ to likely hold rates on Wednesday Loonie faces GDP and employment tests in addition to OPEC+ decision Will OPEC+ agree to production cuts? Amid weakening growth prospects for the major economies in 2024, expectations that the big oil producers will soon announce further production cuts had been the only thing keeping a floor under the price of oil lately. [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

NZDUSD

XM Live Chat