All Articles Tagged - NZDUSD

European Open Preview – BoE’s Carney slams the pound; Canadian inflation & retail sales eyed

Posted on April 20, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is practically unchanged on Friday, after it posted solid gains earlier on Thursday on the back of rising US Treasury yields. Sterling/dollar was 0.3% lower, with the British pound extending the losses it posted yesterday, after BoE Governor Mark Carney hinted that a rate hike in May is not actually a done-deal. STOCKS: US markets closed lower, pressured by a notable rise in longer-term US bond yields, something that usually [..]

US Open Preview – Oil bulls unlock fresh three-year highs

Posted on April 19, 2018 at 11:11 am GMT

Here are the latest developments in global markets: FOREX: Sterling tumbled to a five-day low against the greenback (-0.06%) on Thursday during the early European afternoon as UK retail sales recorded their biggest fall in a year. This follows a strong sell-off on Wednesday when the UK CPI dropped surprisingly to one-year lows, raising doubts on whether the Bank of England will proceed with further rate increases after next month’s widely anticipated rate hike. Dollar/yen was moving slightly higher by 0.13% on the day, last trading [..]

Technical Analysis – NZDUSD in bearish bias again after challenging almost 2-month high of 0.7395

Posted on April 19, 2018 at 8:55 am GMT

NZDUSD has been consolidating since February and has been stuck in a channel tilted slightly to the downside. The neutral to bearish picture in the medium term looks to last for a while longer after prices failed to break above the upper channel in the prior week. Resistance was met at around the 0.7400 psychological level, which overlaps with the upper boundary after prices hit an almost 2-month high of 0.7395, forcing the pair to reverse lower. In the 4-hour [..]

European Open Preview – Loonie softens on cautious BoC; UK retail sales in focus

Posted on April 19, 2018 at 7:46 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is higher today, but by less than 0.1%. Aussie/dollar is up by 0.2%, lifted by a notable rally across commodities. Meanwhile, the loonie steadied against the dollar, after it plunged yesterday on the back of cautious signals from the BoC. STOCKS: US markets closed mixed yesterday. While the Nasdaq Composite and the S&P 500 advanced 0.2% and 0.1% respectively, the Dow Jones fell nearly 0.2%, weighed on [..]

US Open Preview – Pound takes a knock after CPI miss; BoC rate decision next

Posted on April 18, 2018 at 10:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar traded higher against the Japanese yen by 0.28% during the early European afternoon as risk-off sentiment continued to ease while encouraging data out of the US on Tuesday increased confidence on the US economy even further. Sterling plummeted near to a one-week trough of 1.4172 (-0.73%) versus the greenback today after UK CPI figures missed expectations, falling to one-year lows. The yearly Eurozone CPI (second estimate) also ticked below [..]

European Open Preview – Safe havens retreat as geopolitical tensions ease; UK CPI and BoC rate decision coming up

Posted on April 18, 2018 at 7:46 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was practically unchanged on Wednesday, after it posted some gains on Tuesday. The Japanese yen and the Swiss franc were on the back foot as geopolitical risks were perceived as easing, while the British pound steadied somewhat after retreating yesterday. STOCKS: US markets soared for a second day in a row, as a strong earnings season and diminishing risks on the Korean Peninsula boosted risk appetite. The Nasdaq Composite [..]

New Zealand inflation expected to fall to lower target band as kiwi stalls at $0.74 – Forex News Preview

Posted on April 17, 2018 at 12:57 pm GMT

Quarterly inflation numbers out of New Zealand on Thursday are expected to show the country’s CPI rate moving back towards the lower end of the Reserve Bank of New Zealand’s target band. The data (due at 22:45 GMT on Wednesday) would likely reaffirm expectations that the RBNZ will be on hold for a while longer. After spiking to 2.2% in the first three months of 2017, annual inflation has been steadily slowing. It is forecast to fall to 1.1% in [..]

US Open Preview – Pound erases gains as wage growth disappoints

Posted on April 17, 2018 at 11:46 am GMT

Here are the latest developments in global markets: FOREX: Sterling extended yesterday’s rally towards a 22-month high of 1.4375 early today, its highest level since Britain voted to leave the European Union. However, after a disappointing wage growth print today, cable lost ground falling to 1.4315 (-0.14%) despite the unemployment rate inching down to a new 42-year low of 4.2% in February. Dollar/yen was slowly recovering losses made after Trump accused Russia and China of devaluating their currencies, something seen as indicating [..]

European Open Preview – Sterling rallies ahead of crucial economic data

Posted on April 17, 2018 at 7:51 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was 0.1% lower on Tuesday, extending the losses it posted yesterday amid renewed speculation that the US administration is seeking a weaker currency. Sterling/dollar traded 0.15% higher today after surging yesterday as well, reaching a fresh high last seen in June 2016, amid speculation that upcoming UK economic data will “green light” a rate hike by the Bank of England in May. STOCKS: US markets closed higher yesterday, buoyed [..]

European Open Preview – Risk trades supported as geopolitical concerns fade; US retail sales in the spotlight

Posted on April 16, 2018 at 7:52 am GMT

Here are the latest developments in global markets: FOREX: The US dollar traded lower on Monday, but by less than 0.1%, showing little response to the US military strike on Syria over the weekend. STOCKS: US markets closed lower on Friday, though they appear set for a recovery today. The Dow Jones and the Nasdaq Composite both fell by 0.5%, while the S&P 500 shed 0.3% of its value. That said, futures tracking the Dow, S&P, and Nasdaq 100 are currently pointing [..]

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