All Articles Tagged - NZDUSD

European Open Preview – Yen retreats ahead of key events; UK manufacturing output coming up

Posted on June 11, 2018 at 7:50 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which measures the greenback’s performance against a basket of six major currencies – is lower on Monday, though by less than 0.2%. The euro is higher across the board, as some encouraging remarks from Italy’s new finance minister helped to calm markets. Meanwhile, the yen is on the back foot amid subsiding European political risks, and as investors position for the several events this week will bring. [..]

US Open Preview – Investors look for safe havens ahead of G7 summit

Posted on June 8, 2018 at 11:56 am GMT

Here are the latest developments in global markets: FOREX: Despite optimism that the ECB will end its QE program by the end of this year, the euro went downhill on Friday against its US counterpart as appetite for riskier assets eased on fears trade tensions could heighten if the US and its G6 partners fail to reach agreement on a joint statement at today’s meeting in Quebec, Canada. The pair also lost ground after German trade numbers indicated a narrower trade surplus in the biggest EU economy, with euro/dollar crawling down to 1.1748 (-0.41%) after [..]

European Open Preview – Dollar little changed as risk appetite takes a hit; G7 summit eyed for clues on trade outlook

Posted on June 8, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which measures the greenback’s performance against a basket of six major currencies – is up by a little over 0.1% on Friday, recovering some of the losses it posted in previous sessions. The euro is a touch softer following several days of advances, while the safe-haven Japanese yen is under buying pressure, extending the gains it posted yesterday as risk appetite took a hit. STOCKS: US equity [..]

US Open Preview – Dollar takes the back seat as euro, pound move forward

Posted on June 7, 2018 at 11:16 am GMT

Here are the latest developments in global markets: FOREX: The euro kept shining during the early European afternoon as yesterday’s comments by ECB officials raised speculation that the central bank was preparing to exit its quantitative program by the end of this year, with the announcement probably coming as soon as next week. Euro/dollar managed to peak at a fresh three-week high of 1.1837 before it fell to 1.1815 (+0.39%), being the best performer among its major peers. Against the yen, [..]

Technical Analysis – NZDUSD remains below the upper Bollinger Band but indicators suggest further gains

Posted on June 7, 2018 at 8:25 am GMT

NZDUSD has struggled below the 0.7050 strong resistance level and touched the upper Bollinger Band, which stands near the 38.2% Fibonacci retracement level of the downleg from 0.7395 to 0.6850. However, the technical indicators are sending bullish signals, suggesting that the bullish correction will continue. From the technical point of view, in the 4-hour chart, the RSI indicator is moving slightly higher, indicating that the market could strengthen in the short-term as it is approaching the 70 area. The stochastic oscillator supports [..]

European Open Preview – Euro rebound rejuvenated as ECB teases taper; revised eurozone GDP numbers due

Posted on June 7, 2018 at 7:51 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is 0.2% lower on Thursday, extending the losses it posted in the previous session as the euro continued to recover. The euro’s rebound was refueled by some ECB policymakers, who signaled their confidence in the economic outlook, and heightened speculation that an end-date for the QE program could be announced as soon as next week. STOCKS: Wall Street closed higher on Wednesday, shrugging off the mounting uncertainties around global [..]

US Open Preview – Euro up as ECB officials see end of QE

Posted on June 6, 2018 at 11:47 am GMT

Here are the latest developments in global markets: FOREX: The dollar unlocked a fresh two-week high of 110.14 (+0.31%) against the Japanese yen early in the European afternoon as another round of data released yesterday enhanced once again optimism on the US economy despite trade risks hanging in the background. The dollar index, though, which gauges the strength of the dollar versus six major currencies was down on the day at 93.68 (-0.23%) thanks to the rising euro and pound. Euro/dollar [..]

European Open Preview – Euro recovery refueled by ECB speculation; trade developments continue to dominate attention

Posted on June 6, 2018 at 7:49 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is trading 0.1% lower on Wednesday, looking set to post its third consecutive day of declines. The euro continued to recover amid speculation around an ECB QE announcement coming sooner rather than later, while the Canadian dollar went for a ride following mixed signals on NAFTA. STOCKS: Major US indices closed mixed yesterday, with the tech-heavy Nasdaq Composite and the S&P 500 climbing by 0.41% and 0.07% respectively, [..]

US Open Preview – Pound wins on services PMI; oil down ahead of US oil inventories

Posted on June 5, 2018 at 11:44 am GMT

Here are the latest developments in global markets: FOREX: The British pound was the best performer during the early European afternoon, trading 0.55% higher against the dollar on the day at 1.3387 after the UK’s services PMI reading rose more than expected. This was also perceived as a sign of economic strength that could persuade BoE policymakers to raise interest rates in August. Versus the Japanese yen, sterling picked up by 0.44% to 146.80. On the other hand, an upward revision to previous Eurozone retail sales figures didn’t [..]

European Open Preview – Aussie recovers from RBA-induced losses; UK services PMI and EZ retail sales due

Posted on June 5, 2018 at 7:54 am GMT

Here are the latest developments in global markets: FOREX: The dollar index, which gauges the greenback against six major currencies, was little changed on Tuesday. Meanwhile, the aussie recorded some losses after some RBA comments on the outlook for inflation supported lower rates for longer. Nevertheless, the currency managed to largely recover its earlier losses. STOCKS: Major US indices finished in the green yesterday, with the Dow and the Nasdaq Composite adding 0.7% and the S&P 500 rising by 0.45%. [..]

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