All Articles Tagged - NZDUSD

European Open Preview – Equities soften as China retaliates; US ISM manufacturing PMI pending

Posted on April 2, 2018 at 8:01 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was nearly 0.2% lower on Monday to start the new quarter, amid continued concerns over a US-China trade dispute escalating following the latest tariffs by China, due to take effect today. The British pound was on the front foot, gaining against both the dollar and the euro, extending the significant gains it posted in the first quarter amid a reduction in Brexit uncertainties. STOCK: US markets remained closed on Friday, [..]

Week Ahead – US jobs and eurozone flash inflation take center stage amid other releases and RBA meeting

Posted on March 30, 2018 at 2:41 pm GMT

The upcoming week is set to be busier relative to the past one in terms of economic releases, featuring among others what is arguably the most significant release out of the US since the global financial crisis, namely the country’s jobs report. Eurozone preliminary inflation figures for March is another data set that will be closely watched by market participants, while the Reserve Bank of Australia will be holding a meeting on monetary policy. RBA set to remain on hold [..]

US Open Preview – Markets consolidate amid thin liquidity conditions

Posted on March 30, 2018 at 10:46 am GMT

Here are the latest developments in global markets: FOREX: The dollar was slightly lower against its major peers on Friday, ahead of the new quarter. The dollar index fell by 0.3% today, while it dropped more than 2% in the first quarter of 2018, its fifth consecutive quarter of declines. Dollar/yen declined by 0.26% in the day and remains slightly above the 106.00 handle. Euro/dollar and pound/dollar recovered some of the previous days’ losses, rising by 0.21% and 0.33% respectively. Antipodean currencies traded [..]

European Open Preview – Stocks rebound, greenback lags to end holiday-shortened week

Posted on March 30, 2018 at 8:13 am GMT

Here are the latest developments in global markets: FOREX: The dollar traded 0.2% lower against a basket of six major currencies on Friday, with a public holiday in Europe and the US set to keep many traders away from their desks today, and liquidity in the FX markets thinner-than-usual. STOCKS: US markets closed higher yesterday, recovering some of the losses they posted earlier in the week. Technology stocks led the way higher for the most part, helped by some comments from the White [..]

US Open Preview – Dollar treads water ahead of US inflation data

Posted on March 29, 2018 at 11:07 am GMT

Here are the latest developments in global markets: FOREX: The US dollar traded higher against a basket of currencies yesterday, with dollar/yen surging 170 pips in a single day, though its rally is starting to lose steam again in the European session currently (-0.19%). Today, dollar traders are likely to turn their attention back to the economic calendar and the core PCE index for February. Euro and sterling were sold-off against the US dollar for the second day in a row. [..]

Technical Analysis – NZDUSD extends downtrend after breaking below 0.7200

Posted on March 29, 2018 at 11:03 am GMT

NZDUSD turned increasingly bearish after a bounce off the 0.7300 handle on Tuesday, breaking below the 0.7200 strong psychological level yesterday. Today the pair continues to head lower, but the RSI in the 4-hour chart is not far away from oversold levels therefore upside movements cannot be excluded yet in the short-term. The MACD gives additional bearish signals, as the index is stretching downwards into negative territory. If prices extend lower, the next support could come around the 2-month low of [..]

US Open Preview – Dollar on the rise despite trade stress; Techs push European equities lower

Posted on March 28, 2018 at 11:33 am GMT

Here are the latest developments in global markets: FOREX: Dollar/yen managed to pick up speed, rising to 105.84 (+0.49%) despite worries that tensions between the US and China could escalate again. The rise came after Trump tweeted that the meeting between the North Korean and the Chinese leaders “went very well” and that the former was “looking forward” to meet Trump. The dollar index, which gauges the greenback’s strength versus six major currencies was also up, standing at 89.51 (+0.16%) as the [..]

European Open Preview – Dollar flat with trade considerations remaining in the spotlight; US releases updated Q4 GDP figures

Posted on March 28, 2018 at 7:52 am GMT

Here are the latest developments in global markets: FOREX: The dollar was flat relative to a basket of currencies on Wednesday after adding 0.3% the previous day. Developments on trade were once again on the forefront and are likely to determine the short-term direction in the currency markets. STOCKS: US markets closed significantly lower on Tuesday, dragged predominantly by technology stocks. Declines in Facebook and Nvidia, as well as news that the US is considering restricting Chinese investments in US [..]

US Open Preview – Euro, pound erase gains; European equities cheer on trade hopes

Posted on March 27, 2018 at 11:52 am GMT

Here are the latest developments in global markets: FOREX: Dollar/yen held strong at 105.63, trading at five-day highs during the early European afternoon, underpinned by hopes that a trade war between the US and China could be averted based on encouraging comments made by US and Chinese authorities in recent days. Not so hawkish remarks delivered by the Atlanta’s Fed President, Raphael Bostic (a centrist voting member) pressured the pair temporarily after Bostic said in an interview with the Wall Street Journal published today that tax cuts might [..]

European Open Preview – Abating US-China trade tensions boost sentiment with equities rising and yen falling

Posted on March 27, 2018 at 7:50 am GMT

Here are the latest developments in global markets: FOREX: The dollar was not much changed against a basket of currencies on Tuesday, consolidating its losses from yesterday that saw it lose 0.5%, recording a more than one-month low along the way. Elsewhere, the yen was extending its losses from yesterday on the back of risk appetite returning to the markets. STOCKS: US markets staged a spectacular comeback yesterday, as headlines of progress being made in US-China trade talks helped to [..]

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