All Articles Tagged - NZDUSD

US Open Preview – Major currencies gain ground as trade fears recede; European equities move higher

Posted on March 26, 2018 at 12:26 pm GMT

Here are the latest developments in global markets: FOREX: Trump’s decision to exempt several countries from his import tariffs on Thursday and today’s headlines that China is stepping up efforts to start trade negotiations with the US, gave a lift to dollar/yen during early European trading hours, sending the pair to 105.83 (+0.37%) from a 16-month low of 104.55 touched earlier today. The dollar index, though, which tracks the dollar’s strength versus six major currencies was unable to bounce up, falling [..]

European Open Preview – Dollar recovers after fresh 16-month low versus yen; trade woes remain in focus

Posted on March 26, 2018 at 7:50 am GMT

Here are the latest developments in global markets: FOREX: The dollar was little changed versus a basket of currencies on Monday after previously recording a one-month low and coming under pressure versus the yen, with dollar/yen hitting a fresh 16-month low. The pair later recovered though to trade higher on the day. STOCKS: US markets remained in a downward spiral on Friday, as concerns over a potential trade war continued to suppress risk appetite. The Nasdaq Composite was the biggest underperformer [..]

US Open Preview – Dollar bears in charge; European equities tumble as trade fears persist

Posted on March 23, 2018 at 12:05 pm GMT

Here are the latest developments in global markets: FOREX: The Japanese yen was moving sideways near a 16-month low of 104.60 reached during the Asian session, last seen at 104.98 (-0.27%), as financial markets were rattled by worries over rising US-China trade tensions. Moreover, Turkey’s lira hit a record low of 4.03 to the dollar after the region failed to receive an exemption from the US import tariffs on Thursday. Dollar/lira surged 1.01% so far on Friday, paring some gains in the [..]

European Open Preview – Stocks plunge, yen rallies as trade war saga gets new chapter

Posted on March 23, 2018 at 8:55 am GMT

Here are the latest developments in global markets: FOREX: The yen was building on yesterday’s gains versus other major currencies on Friday, as rising fears of a global trade war acted as a catalyst for the currency to attract safe-haven flows. Versus the dollar, the Japanese currency recorded a 16-month high of 104.62. STOCKS: Equity indices were a sea of red in every region, as the new US tariffs aimed at China reignited concerns that the situation could escalate into [..]

US Open Preview – Dollar holds weak ahead of Trump’s Chinese tariffs; BoE decides on interest rates

Posted on March 22, 2018 at 11:52 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was falling by 0.03% against a basket of major currencies during early European afternoon and dollar/yen remained under pressure, losing 0.39%. The fall in the dollar came in after the Fed raised interest rates, as was widely anticipated, but stayed on course for three rate hikes this year, disappointing those who hoped for the famous dot plot to signal four rises for 2018. The euro managed to hit a one-week high of 1.2387 early on [..]

Technical Analysis – NZDUSD advances following the rebound on 0.7152; bullish correction on the way

Posted on March 22, 2018 at 10:08 am GMT

NZDUSD skyrocketed over the last couple of hours and jumped above the 0.7260 critical level which overlaps with the 38.2% Fibonacci retracement level of the downleg from 0.7435 to 0.7152, posting a one-week high. The rebound on the 0.7152 support barrier helped the price to create a strong bullish day surpassing the 20 and 40 simple moving averages (SMAs) in the 4-hour chart. Having a look at the momentum indicators, the RSI and the MACD seem to be in agreement with [..]

European Open Preview – Dollar extends declines as FOMC sticks to 3 hikes; BoE and US tariffs decision in focus

Posted on March 22, 2018 at 8:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar extended its declines from yesterday on Thursday, touching its lowest in nearly two weeks versus a basket of currencies. FOMC policymakers’ decision to continue signaling three hikes in total for 2018 was seen as the catalyst behind the US currency’s decline. STOCKS: US markets closed a little lower yesterday in the aftermath of the Fed decision, as the upward revision in the rate projections for 2019 and 2020 raised [..]

US Open Preview – Dollar on the backfoot ahead of Fed rate decision

Posted on March 21, 2018 at 12:44 pm GMT

Here are the latest developments in global markets: FOREX: Dollar/yen was falling by 0.18% and the dollar index was also under pressure, losing 0.25% at the time of writing as investors were preparing their positions ahead of the Fed interest rate announcement later in the day. While the dollar was struggling to gain ground, the euro managed to recover some losses, with euro/dollar moving higher towards 1.2278 (+0.23%). Pound/dollar touched an intraday high of 1.4074 before it slipped to 1.4043 (+0.34%) after [..]

European Open Preview – Dollar eases ahead of Fed meeting

Posted on March 21, 2018 at 8:50 am GMT

Here are the latest developments in global markets: FOREX: The dollar traded down by less than 0.2% against a basket of currencies on Wednesday, though it held most of the gains made yesterday which saw it rise to a three-week high. STOCKS: US markets closed in the green on Tuesday, recovering some of their losses from earlier this week. The Dow Jones led the way higher, gaining nearly 0.5%, while the Nasdaq Composite and the S&P 500 rose by 0.3% and [..]

RBNZ meeting: Will the song remain the same? – Forex News Preview

Posted on March 20, 2018 at 2:26 pm GMT

The Reserve Bank of New Zealand (RBNZ) will announce its rate decision on Wednesday at 2000 GMT, and policymakers are widely anticipated to stand pat. Given the lack of major developments recently, the Bank seems unlikely to alter its neutral tone, and the financial community appears to view this meeting as a “non-event”. With very few expecting the RBNZ to say anything new though, the Kiwi may be at risk as even small language changes could have a market impact, [..]

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