All Articles Tagged - NZDUSD

US Open Preview – Safe havens gain little despite rising Iran-US tensions; RBNZ rate decision next

Posted on May 9, 2018 at 11:07 am GMT

Here are the latest developments in global markets: FOREX: Safe-haven currencies did not gain much after Trump announced the withdrawal of the US from the 2015 Iran nuclear deal and expressed his plans to impose stricter sanctions on the country. Although investors were worried that political tensions between Europe, the US, and the Middle East could escalate, they did not increase their stakes on safe-haven investments much. Instead, they remained optimistic on the dollar as they are widely expecting the Fed to proceed with further monetary tightening later this [..]

European Open Preview – Dollar and oil continue marching higher as geopolitics dominate attention

Posted on May 9, 2018 at 7:46 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was nearly 0.3% higher on Wednesday, touching its highest level in four-and-a-half months, and extending the significant gains it posted on Tuesday on the back of a rebound in longer-term US Treasury yields and particularly strong JOLTS data. STOCKS: Major US indices closed practically flat on Tuesday, in the aftermath of the US decision to leave the Iran nuclear deal. The Nasdaq Composite and the Dow Jones managed to climb 0.02% [..]

RBNZ meeting: New Governor, same old neutral message? – Forex News Preview

Posted on May 8, 2018 at 3:11 pm GMT

The Reserve Bank of New Zealand (RBNZ) will announce its rate decision on Wednesday at 2100 GMT. Policymakers are widely expected to remain on hold, so price action will be driven by any changes in the accompanying statement, as well as the updated economic forecasts. While the broader policy message is likely to remain neutral, the Bank could revise slightly higher its inflation forecasts, which may help the battered kiwi get some reprieve. The RBNZ’s upcoming meeting will be closely [..]

US Open Preview – Dollar index breaks 93 key-level ahead of Trump’s nuclear decision

Posted on May 8, 2018 at 11:18 am GMT

Here are the latest developments in global markets: FOREX: The euro extended its losses against the dollar early in the European session as investors shorted their positions on the currency amid uncertainties surrounding the Eurozone’s economic performance, sending euro/dollar to a fresh 4-month low of 1.1870 (-0.41%). Pound/dollar was also on the back foot, slipping to 1.3509 (-0.35%) after the British Halifax house price index fell by more than expected on a monthly basis. Brexit risks were pressuring the pair as [..]

European Open Preview – Dollar little changed; Trump’s Iran decision in the spotlight

Posted on May 8, 2018 at 7:39 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index, which gauges the greenback’s strength against a basket of six major currencies, was practically flat on Tuesday ahead of a speech by Fed Chair Jerome Powell at 0715 GMT. It touched its highest level in five months yesterday, as the euro (which has by far the biggest weight in this basket) declined following some lackluster data out of the Eurozone. STOCKS: US markets closed higher yesterday. The tech-heavy Nasdaq Composite climbed [..]

US Open Preview – Euro under pressure as economic confidence fades

Posted on May 7, 2018 at 11:32 am GMT

Here are the latest developments in global markets: FOREX: The demand for greenback remained strong early in the European session, supported by rising confidence that the Fed, unlike its major counterparts, would keep pace with its stimulus reduction plans despite Friday’s nonfarm payrolls report showing wages growing less than expected. However, risks of a global trade war continued to hang in the background as trade talks between the US and Chinese negotiating teams last week failed to strike a deal. The [..]

European Open Preview – Dollar climbs after jobs data; trade developments eyed

Posted on May 7, 2018 at 7:46 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is 0.1% higher on Monday, extending the gains it posted on Friday in the aftermath of the US employment report for April. The US unemployment rate touched a 17-year low, likely enhancing speculation that an ever-tightening labor market is set to push wages higher in the coming months – labor force participation did fall as well though. STOCKS: Wall Street closed higher on Friday, paring some early losses posted after the [..]

Week Ahead – Will BoE raise rates? RBNZ meets too; US inflation in focus

Posted on May 4, 2018 at 12:20 pm GMT

The Bank of England’s monetary policy meeting looks set to be the main highlight of the coming week amid a sudden reversal of rate hike expectations. The Reserve Bank of New Zealand will also be holding a policy meeting. Eurozone data will be sparse but US inflation indicators, Chinese trade figures, Australian retail sales and Canadian employment numbers should keep traders busy. RBNZ to stand pat The new governor of the RBNZ, Adrian Orr, will hold his first monetary policy [..]

US Open Preview – Greenback firms as markets await US employment data

Posted on May 4, 2018 at 11:20 am GMT

Here are the latest developments in global markets: FOREX: The dollar index, which gauges the greenback’s strength versus six major currencies, edged higher by 0.20% during the European session to 92.55, approaching the four-month high of 92.63 reached on Wednesday. Euro/dollar remained under selling pressure after Eurozone’s retail sales and final services PMI figures were weaker than expected, slipping by 0.23%. Meanwhile, dollar/yen retreated to 109.05 (-0.08%), with the focus remaining on whether US jobs data will provide the spark for [..]

European Open Preview – Dollar eases off highs ahead of nonfarm payrolls

Posted on May 4, 2018 at 7:53 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is higher on Friday, but by less than 0.1%, recouping some of the losses it posted yesterday. Today, all eyes will be on the US employment data for April, and particularly on the wages component of that report. Sterling/dollar is down by 0.1%, with the British pound remaining under pressure as markets continue to price out expectations for a BoE rate hike next week. STOCKS: Wall Street closed [..]

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