All Articles Tagged - NZDUSD

US Open Preview – Euro, pound lose momentum after data misses

Posted on May 3, 2018 at 11:31 am GMT

Here are the latest developments in global markets: FOREX: The US dollar continued to move lower during the early European session, deviating further below the 3-month high of 110.02 versus the yen reached during Wednesday’s European trading. Specifically, dollar/yen retreated to 109.49 (-0.32%), a day after the FOMC left interest rates unchanged. The accompanying statement acknowledged that inflation is close to target, signaling that policymakers would accept inflation surpassing the 2.0% target. However, a drop of a statement highlighting the [..]

Technical Analysis – NZDUSD eases following strong bearish rally; broader medium-term trend negative

Posted on May 3, 2018 at 8:54 am GMT

NZDUSD stalled its decline after a strong bearish rally over the previous two weeks. The pair is still trading below the 20- and 40-simple moving averages in the 4-hour chart but is has rebounded somewhat from the more than four-month low of 0.6985 hit earlier on Thursday. The RSI has flattened below the 50 level, indicating that the market could be neutral in the short-term. However, the MACD oscillator supports a bullish picture, having moved above its red-trigger line. Should the pair manage to strengthen its upward movement and jump above the moving [..]

European Open Preview – Dollar trades like a rollercoaster after Fed; eurozone inflation coming up

Posted on May 3, 2018 at 7:46 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 unchanged on Thursday after it touched its highest level in 2018 yesterday, in the aftermath of the Fed’s policy meeting. STOCKS: US markets closed lower yesterday, following the FOMC meeting. Although stock indices spiked higher immediately on the decision, that sentiment quickly turned around and equities edged lower to finish in the red. The S&P [..]

US Open Preview – Dollar treads water ahead of FOMC rate decision; European stocks up

Posted on May 2, 2018 at 10:55 am GMT

Here are the latest developments in global markets: FOREX: The US dollar managed to pare some losses against the Japanese yen made after it touched a 3-month high of 109.91 earlier in the day, rising to 109.83 (-0.02%). The dollar index, which gauges the greenback’s strength versus six major currencies, managed to hit a 4-month high of 92.56 on Tuesday, peaking above the 200-day moving average for the first time in a year but today the index was slightly lower at 92.36 [..]

European Open Preview – Dollar climbs ahead of Fed decision; eurozone GDP eyed as well

Posted on May 2, 2018 at 7:51 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index continued to advance yesterday, reaching a fresh four-month high ahead of a policy decision by the Fed later today. Meanwhile, sterling came under renewed selling interest as UK data continued to disappoint, while the loonie experienced a very volatile session following some comments by BoC Governor Poloz. STOCKS: US markets closed mixed yesterday. The tech-heavy Nasdaq Composite climbed 0.91%, the S&P 500 gained 0.25%, while the Dow [..]

US Open Preview – Dollar enjoys gains ahead of core PCE inflation

Posted on April 30, 2018 at 11:57 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 up to 91.76 (+0.25%) during the early European afternoon, heading towards the 3 ½ -month high of 91.90 reached on Friday. Dollar/yen also climbed higher to touch an intra-day high of 109.29 ahead of the release of the core PCE index later today. On Wednesday, the Fed will announce its rate decision, while the famous Nonfarm payrolls will bring further volatility [..]

European Open Preview – Sterling torpedoed by soft data; German & US inflation prints due

Posted on April 30, 2018 at 7:46 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was practically unchanged on Monday. On Friday, it pared back gains posted early in the session and closed the day almost flat as well, pressured by a similar pullback in US Treasury yields. That said, last week was still a very productive one for the dollar index overall, which rose 1.3% to reach its highest level in three-and-a-half months. Elsewhere, sterling plunged on Friday following disappointing GDP data, as investors [..]

Week Ahead –Fed, jobs report and PCE inflation eyed by dollar bulls; RBA and Eurozone GDP also in focus

Posted on April 27, 2018 at 12:30 pm GMT

The central bank theme will continue next week as the US Federal Reserve and Reserve Bank of Australia hold policy meetings. The latest nonfarm payrolls report and PCE inflation figures look set to keep the US dollar at the centre of attention for much of the week. Another keenly awaited data will be the flash GDP and CPI numbers out of the Eurozone, while PMI readings from China, the United Kingdom and the United States will also be important. RBA [..]

US Open Preview – Pound dives to 2-month lows on UK GDP growth miss; US GDP growth next

Posted on April 27, 2018 at 11:46 am GMT

Here are the latest developments in global markets: FOREX: Dollar bulls were set to win another battle for the fifth week mainly on the face of rising Treasury yields and in the absence of negative trade headlines. Geopolitical risks eased further as well after the North and South Korean leaders signed on Friday a declaration to end the war between the regions and confirmed their common prospects to denuclearize the Korean peninsula ahead of a crucial meeting between the North Korean leader and [..]

European Open Preview – Euro sinks after ECB; US & UK GDP numbers eyed

Posted on April 27, 2018 at 7:49 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%, building on the gains it posted yesterday. Meanwhile, the euro was on the back foot, after the ECB maintained a relatively cautious tone in yesterday’s policy gathering. STOCKS: US markets edged higher yesterday, as a raft of encouraging earnings releases and a pullback in US bond yields supported risk appetite. The tech-heavy Nasdaq Composite climbed by 1.64%, boosted by [..]

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