All Articles Tagged - NZDUSD

US Open Preview – Euro rises softly ahead of ECB rate announcement; equities show some recovery

Posted on October 25, 2018 at 11:22 am GMT

Here are the latest developments in global markets: FOREX: The euro was slowly rising versus the US dollar (+0.15%) below 1.1500 on Thursday ahead of the European Central Bank (ECB) interest rate decision later in the day, where the Bank is expected to keep policy unchanged but is likely to give some growth hints. The pair pared some losses after sliding to a fresh 2-month low of 1.1377 on Wednesday. Earlier in the day, the German Ifo business climate index for October dropped [..]

Technical Analysis – NZDUSD holds steady below downtrend line in near term

Posted on October 25, 2018 at 10:57 am GMT

NZDUSD has been flattening today after the strong rebound on the 0.6500 psychological level earlier in the day. The pair remains under selling pressure as it still stands below the short-term moving averages and beneath the near-term falling trend line. In the short-term, indicators suggest that the rally to the downside is not over yet as the MACD oscillator is strengthening its negative momentum below the trigger and zero lines in the 4-hour chart. Looking at the RSI indicator, it is [..]

European Open Preview – Equity selloff accelerates; ECB meeting in the spotlight

Posted on October 25, 2018 at 7:58 am GMT

Here are the latest developments in global markets: FOREX: The dollar is down by 0.21% against a basket of six major currencies on Thursday, giving back some of the gains it posted yesterday, when it capitalized on weakness in the euro. Meanwhile, the defensive yen recovered early losses on Wednesday to finish the session as the second-best performer, as the stock sell-off accelerated. The best performer was the loonie, which soared after the Bank of Canada (BoC) raised rates and [..]

US Open Preview – Euro, pound among the worst performers; May’s speech and BoC rate decision in focus

Posted on October 24, 2018 at 11:49 am GMT

Here are the latest developments in global markets: FOREX: The British pound and the euro were among the worst performing major currencies in early European session on Wednesday, losing around 0.60% against the greenback. Pound/dollar hit a fresh 1 ½-week low at 1.2898 before the UK Prime Minister Theresa May meets with her Conservative Party lawmakers later today (see below). The European Council President, Donald Tusk, said he would call for a November summit, which was previously cancelled by EU leaders, [..]

European Open Preview – Risk aversion takes a breather; BoC to raise rates

Posted on October 24, 2018 at 8:14 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is nearly flat on Wednesday (+0.05%), consolidating the modest losses it posted yesterday. The defensive yen outperformed amid fragile market sentiment, though it has stabilized somewhat today. In the UK, the pound jumped higher on reports the EU may offer a UK-wide customs arrangement, but pared most of its gains on speculation PM May is likely to face a mutiny soon. In Canada, the loonie ignored a sharp [..]

US Open Preview – Euro trades flat as Italy awaits EU’s verdict; European stocks in the red

Posted on October 23, 2018 at 11:51 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was trading weaker by 0.10% while dollar/yen failed to pierce the 113 round level and instead dived to 112.30 (-0.43%), as the yield on 10-year Treasuries dropped by 5 basis points to 3.14%. Meanwhile the US President promised to give the middle class a 10% tax cut yesterday, intensifying his campaign ahead of US midterm elections on November 6. Euro/dollar was flat at 1.1468 as investors awaited the EU to give an answer on the Italian draft budget later today. Pound/dollar was up by [..]

European Open Preview – Stocks pressured as risk aversion strikes back; EU to reject Italy’s budget

Posted on October 23, 2018 at 7:57 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is higher on Tuesday, albeit by only 0.10%, attempting to extend the gains it recorded yesterday. The yen is reigning supreme among the G10 currencies amid renewed risk aversion, while the antipodeans aussie and kiwi are underperforming. Meanwhile, the pound is consolidating losses from yesterday, and the euro is also retaining a soft undertone amid the poor risk appetite and fading relief in the Italian bond market. STOCKS: [..]

US Open Preview – Euro returns below 1.15 after Italy’s response; UK PM to speak in Parliament

Posted on October 22, 2018 at 11:46 am GMT

Here are the latest developments in global markets: FOREX: Sterling was declining by 0.25% against the US dollar on Monday as uncertainties around the Irish border weighed on hopes that a Brexit deal is close ahead of the UK Prime Minister’s speech in the Parliament. Pound/yen was fairly steady, while euro/pound increased by 0.23%. Euro/dollar reversed earlier gains to trade at 1.1494 (-0.16%) after Italy’s Finance Minister backed the 2019 draft budget even after EU’s warning letter last week (see below). Dollar/yen traded [..]

European Open Preview – Euro bounces as Italian worries take a back seat; Brexit remains in focus

Posted on October 22, 2018 at 7:59 am GMT

Here are the latest developments in global markets: FOREX: The dollar was down by 0.17% against a basket of six major currencies on Monday, extending losses from Friday. Those losses came as the currency with the biggest weight by far in this index – the euro – rebounded, amid encouraging signals that the EU and Italy may manage to avert a full-fledged conflict over budget deficit rules. The British pound edged higher on hints the UK may be softening its [..]

US Open Preview – Euro ticks up despite EU’s Italy warning; loonie edges higher ahead of Canadian CPI

Posted on October 19, 2018 at 12:12 pm GMT

Here are the latest developments in global markets: FOREX: The euro reached a new 10-day low at 1.1431 against the US dollar earlier on Friday after the European Commission sent a cautionary letter to Italy over the submitted draft of their budget plan. However, euro/dollar managed to pare its losses, rising by 0.10% to 1.1462 later in the day, while euro/yen improved as well, jumping by 0.23% on the day. Pound/dollar moved slightly higher by 0.09% earlier today after European Union negotiator Michel Barnier said that a [..]

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