All Articles Tagged - NZDUSD

European Open Preview – Equities roar back: fresh rally, or dead-cat bounce?

Posted on December 27, 2018 at 9:01 am GMT

US stock markets rebound by 5% as mood turns risk-on, and amid thin liquidity Dollar climbs while the defensive yen crumbles, but sentiment reversing again today US stock indices surge by 5%, but is the broader sell-off over? The latest bout of stock market volatility remained in full force on Wednesday. The major US indices posted outsized gains, with the likes of the S&P 500 and the Dow Jones both jumping by almost 5.0% to recover some of their latest [..]

FX year ahead 2019: End of dollar dominance?

Posted on December 24, 2018 at 12:21 pm GMT

As 2018 draws to a close, the heavily sold currencies are set to end the year off their lows, while the US dollar – one of the biggest winners of 2018 – appears on track to start 2019 on a negative footing. While it’s too early to predict a new downtrend for the dollar, expectations that US interest rates are nearing their cycle peak could provide the greenback’s peers some much-needed relief. Yet, several risks remain – ranging from the [..]

European Open Preview – Stock carnage deepens; yen extends gains

Posted on December 24, 2018 at 8:52 am GMT

US stock indices extend losses, Nasdaq enters bear market as concerns around future growth feed risk aversion Dollar and yen outperform on safe-haven demand, but are giving back some gains on Monday amid encouraging trade headlines Equities drop to fresh lows as uncertainty reigns US stock indices closed with sharp losses once again on Friday, in an environment characterized by thin liquidity, as investors attempted to protect their profitability heading into the New Year via liquidating more of their prior [..]

European Open Preview – Stocks sink alongside dollar as market havoc continues

Posted on December 21, 2018 at 8:57 am GMT

US stocks extend plunge as investors remain jittery of a Fed policy error, US government shutdown, and US-China tensions Yen outperforms as uncertainty deepens, while dollar continues to bleed BoE remains on hold, points to intensifying Brexit uncertainties S&P 500 closes at September 2017 lows There was no reprieve for US stock markets, which extended their losses as the dust following the latest Fed meeting settled. The benchmark S&P 500 (-1.58%) closed at its lowest level since September 2017, with [..]

Technical Analysis – NZDUSD could see some gains after sharp sell-off

Posted on December 20, 2018 at 10:13 am GMT

NZDUSD has rebounded somewhat after falling to five-week low of 0.6723 and momentum indicators now suggest that the market sentiment might get better as the RSI is reversing back to the upside after hitting the oversold zone. However, the MACD oscillator is still strengthening its bearish bias below the trigger and zero lines. In case the pair continues the negative retracement, the bears will probably challenge the bottom of 0.6705 – 0.6690, which encapsulated the 50.0% Fibonacci retracement level of [..]

New Zealand GDP to slow in Q3 but things looking up for kiwi – Forex News Preview

Posted on December 19, 2018 at 2:32 pm GMT

New Zealand will be the last of the major advanced countries to publish its third quarter GDP estimates on Thursday local time (Wednesday, 21:45 GMT). The economy is expected to have cooled somewhat from the previous quarter. However, the local dollar has been in a bullish mood since October and could extend its latest upswing as business confidence recovers and the US dollar falls out of favour with investors. After growing by a robust 1.0% in the second quarter, New [..]

European Open Preview – Fed unlikely to be as dovish as market pricing implies

Posted on December 19, 2018 at 8:42 am GMT

The spotlight today is on the Fed’s decision; markets seem positioned for an extremely “dovish hike”, which poses an upside risk for the dollar The BoJ will also meet, though that gathering may be less exciting Meanwhile, oil prices resumed their broader collapse Fed may strike a less dovish tone than investors anticipate The main event today will be the Fed’s policy decision at 1900 GMT, which will be followed by a press conference from Chair Powell. A quarter-point rate increase [..]

European Open Preview – Dollar softer on bets volatility will stay Fed’s hand

Posted on December 18, 2018 at 8:45 am GMT

Risk sentiment in dire straits; US stocks close at fresh lows, yen shines Dollar drops as Fed rate-hike expectations fade even further Kiwi buoyant after New Zealand’s business sentiment recovers S&P 500 closes at 14-month low as fear dominates greed Risk sentiment remained sour to start the week, in the absence of any clear catalyst, other than a flurry of headlines suggesting a US government shutdown may be on the cards this holiday season. The benchmark S&P 500 index fell [..]

Week Ahead – Fed decides as pressure grows to pause rate hikes; BoE and BoJ meet too

Posted on December 14, 2018 at 1:27 pm GMT

The Federal Reserve’s policy meeting will be the main attraction next week as speculation grows the US central bank could signal slowing down the pace of rate hikes. Policy meetings by the Bank of England and Bank of Japan are not expected to draw as much attention. Instead, economic data will be grabbing the headlines for the rest of the week as inflation, retail sales and GDP figures are due for a number of major markets, including, Canada, Japan, the [..]

European Open Preview – Euro softens as ECB ends QE, but turns cautious

Posted on December 14, 2018 at 8:38 am GMT

Euro ticks down as ECB ends QE, but downgrades balance of risks Aussie and kiwi fall sharply after key Chinese data disappoint EU refuses to renegotiate Brexit deal; sterling rallies may remain short-lived US retail sales data due out today Euro inches lower despite Draghi trying his best not to seem dovish The European Central Bank (ECB) officially announced the end of its crisis-era QE program yesterday, as expected. The Bank revised down its growth and inflation forecasts, though that [..]

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