All Articles Tagged - NZDUSD

European Open Preview – Euro retreat in full swing as Italian political uncertainties dominate

Posted on May 29, 2018 at 7:47 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which tracks the greenback’s performance against a basket of six major currencies – edged 0.2% higher on Tuesday, touching its best levels since November. The euro meanwhile remained on the back foot, as the increasing probability for early elections in Italy dampened the currency’s appeal. STOCKS: US markets remained closed on Monday in celebration of the Memorial Day holiday. They look set to open lower today, as futures tracking [..]

Week Ahead – Dollar rally turns to US jobs report for refuelling; Loonie seeks direction from BoC and GDP data

Posted on May 25, 2018 at 1:08 pm GMT

US economic data will return to the forefront next week, with the nonfarm payrolls report being the main focal point. The Bank of Canada will be the only major central bank holding a policy meeting, while Canadian GDP figures will keep the loonie under the limelight. The other highlights will come from the Eurozone flash CPI release, Japanese and Australian capex data, and the latest PCE inflation figures out of the US. The week will get off to a slow [..]

US Open Preview – Oil loses ground as Russia and Saudi Arabia discuss supply increases

Posted on May 25, 2018 at 11:37 am GMT

Here are the latest developments in global markets: FOREX: The US dollar rose 0.18% versus the yen after three straight days of declines. Meanwhile, the US dollar index jumped by 0.13% to 93.87. Euro/dollar fell by 0.09% and is set to complete the sixth week of declines in a row as concerns over Italy’s debt outlook weighed on sentiment. Pound/dollar moved lower by 0.21% to 1.3347 on Friday as investors eyed UK GDP data for signs of whether the BOE will raise interest rates. The British economy expanded 0.1% q/q [..]

European Open Preview – UK GDP and US durable goods due with geopolitics back in the spotlight

Posted on May 25, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which tracks the greenback’s performance against a basket of six major currencies – is nearly 0.2% higher on Friday, ahead of a speech by Fed Chairman Jerome Powell. The index pulled back a little yesterday, mirroring a similar dip in longer-term US Treasury yields. STOCKS: US markets closed lower on Thursday, as news that President Trump had cancelled his summit with North Korea weighed on risk sentiment. The [..]

US Open Preview – Pound jumps on retail sales; euro gains ahead of ECB meeting minutes

Posted on May 24, 2018 at 11:23 am GMT

Here are the latest developments in global markets: FOREX: The US dollar lost more momentum after the minutes of the Federal Reserve’s last policy meeting were seen as dovish and the US President Donald Trump raised the prospect of new tariffs on imported cars similar to those introduced on steel and aluminum in March. Dollar/yen traded lower by 0.31% on Thursday, posting a 10-day low of 109.32. The US dollar index stepped back to 93.72 from its five-month high (-0.29%). Euro/dollar edged higher by 0.26%, following the pullback [..]

Technical Analysis – NZDUSD still consolidating; unable to show strong momentum

Posted on May 24, 2018 at 7:58 am GMT

NZDUSD remains under pressure as it has failed to create a significant movement either to the upside or downside. The price has been developing below 0.6974 and the 23.6% Fibonacci retracement level of 0.6978; as calculated in the downleg from 0.7395 to 0.6850 since May 11. From the technical point of view, in the 4-hour chart, prices are struggling within the 20- and 40-simple moving averages (SMAs) over the last couple of hours. Furthermore, the RSI indicator is pointing marginally south in the negative zone, [..]

European Open Preview – Dollar advance halted by Fed signals; UK retail sales and ECB minutes in focus

Posted on May 24, 2018 at 7:47 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is down by 0.1% on Thursday, after the Fed minutes downplayed expectations for three more rate increases this year. Note though, that the index touched its highest level for 2018 yesterday, before the minutes triggered a pullback. The yen continued to advance, while both the euro and sterling retreated following soft economic data. STOCKS: Wall Street closed higher yesterday despite signals from the White House that more tariffs [..]

US Open Preview – Data misses push euro, pound lower; FOMC meeting minutes ahead

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

Here are the latest developments in global markets: FOREX: The spur from optimism in US-China trade talk was weakened quickly today and the markets are trading lower. The Japanese yen surged broadly today and was trading as the strongest one against major currencies. Dollar/yen plunged by 1.12%, slipping below the 110.00 handle ahead of the FOMC minutes later in the day. However, the US dollar index moved higher by 0.27%, approaching again the 5-month high of 93.94. The Euro edged sharply lower by 1.58% versus the [..]

European Open Preview – Trump’s trade remarks sap risk appetite; EZ PMIs, UK CPI and Fed minutes on the horizon

Posted on May 23, 2018 at 7:55 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is 0.1% higher on Wednesday ahead of the release of the minutes from the May Fed meeting, building on the modest gains it posted yesterday. Meanwhile, the Japanese yen rebounded yesterday and is on the front foot today, advancing 0.5% against the dollar and 0.6% versus the euro, as some “pessimistic” comments from US President Trump on trade dispelled expectations that the recent negotiations had borne fruit. STOCKS: [..]

US Open Preview – Pound gains on BoE rate hike comments

Posted on May 22, 2018 at 11:51 am GMT

Here are the latest developments in global markets: FOREX: The US dollar eased from the 5-month high of 111.39 against the Japanese yen (-0.10%) reached on Monday on the back of rising US Treasury yields and easing US-China trade tensions. The US dollar index was on the back foot as well, losing 0.34% after a touch at 94.05, the highest level marked since December. Pound/dollar rallied initially towards 1.3454 finding support from comments made by Bank of England policymaker Gertjan Vlieghe who [..]

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