All Articles Tagged - NZDUSD

US Open Preview – Dollar on the rise as FOMC gathers; European stocks step lower

Posted on March 20, 2018 at 12:30 pm GMT

Here are the latest developments in global markets: FOREX: The US dollar traded higher today, reversing some of its losses in the previous days as investors were preparing their positions ahead of Wednesday’s Federal Reserve rate decision, where expectations are for the FOMC board members to raise interest rates for the first time this year. Dollar/yen rose towards 106.52 (+0.35%) after touching a session low of 106.00 earlier today and the US dollar index edged higher by 0.35%, breaking slightly above the 90.00 [..]

European Open Preview – Euro, sterling build on gains versus the greenback; UK inflation and US-Saudi meeting eyed

Posted on March 20, 2018 at 8:53 am GMT

Here are the latest developments in global markets: FOREX: The dollar edged higher versus a basket of currencies on Tuesday after retreating against the euro and sterling on Monday. The yen was losing considerable ground relative to other major currencies, while the antipodeans were trading not far above recent lows against the greenback. STOCKS: US markets closed significantly lower yesterday, dragged down primarily by technology stocks, as a scandal involving Facebook raised speculation that tech firms may see increased regulation [..]

European Open Preview – Japanese politics boost the yen; G20 gathering kicks off busy week

Posted on March 19, 2018 at 8:56 am GMT

Here are the latest developments in global markets: FOREX: The US currency traded less than 0.1% higher versus a basket of currencies on Monday, though it was losing ground versus the yen as those promoting weaker-yen policies were seen as losing public support in Japan. STOCKS: US markets closed mostly higher on Friday, with the Dow Jones and the S&P 500 advancing by 0.3% and 0.2% respectively, while the Nasdaq Composite was practically flat on the day. Futures tracking the Dow, [..]

Week Ahead – All eyes on FOMC projections; Pound in spotlight as UK data, BoE awaited

Posted on March 16, 2018 at 3:02 pm GMT

It will be a crucial week for the greenback and sterling next week as the Federal Reserve and Bank of England meet to decide on monetary policy. It will also be an important week for the UK in terms of data as inflation, jobs and retail sales figures are released. Employment numbers are expected out of Australia too and Canada will be reporting inflation and retail sales figures as well. In the Eurozone, the focus will be on the March [..]

US Open Preview – Safe havens advance on political risks; European equities inch up

Posted on March 16, 2018 at 12:27 pm GMT

Here are the latest developments in global markets: FOREX: Safe-haven currencies continued to benefit from risk aversion, with dollar/yen diving below the 106 key level near one-week lows, last trading at 105.64 (-0.65%). From the one hand, political turmoil in the US was pressuring the dollar after the Washington Post newspaper reported yesterday that the US President has decided to fire his national security adviser, H.R McMaster and was discussing further potential replacements. On the other hand, demand for the [..]

European Open Preview – Yen gains as US political uncertainty intensifies

Posted on March 16, 2018 at 8:43 am GMT

Here are the latest developments in global markets: FOREX: The dollar traded lower against a basket of currencies on Wednesday on the back of reports suggesting that the White House personnel shakeup would continue. The safe-haven perceived yen was the biggest beneficiary from these reports. STOCKS: US markets ended mixed yesterday, as political uncertainty and protectionist concerns continued to suppress risk appetite. Reportedly, Special Counsel Robert Mueller ordered the Trump organization to hand over documents related to the Russian investigation, [..]

Technical Analysis – NZDUSD fails to jump above 0.7350; weak bias in short term

Posted on March 15, 2018 at 9:21 am GMT

NZDUSD has been developing within an ascending trend since March 1 after the strong rebound on the 0.7185 support level. Although the pair hit several times the 0.7350 resistance barrier yesterday it failed to have a successful run above it and is currently moving near the 0.7310 price level and below the 20-simple moving average in the 4-hour chart. Looking at momentum indicators, the RSI indicator approached the 50 level after the bounce off the overbought zone. The MACD oscillator also [..]

European Open Preview – Dollar falls versus yen with trade worries back in the forefront; SNB & Norges Bank decisions eyed

Posted on March 15, 2018 at 8:28 am GMT

Here are the latest developments in global markets: FOREX: The dollar was roughly flat versus a basket of currencies on Thursday, though it was losing ground versus the safe-haven perceived yen as risk sentiment was dented on worries over rising trade tensions. Elsewhere, the kiwi came under pressure after New Zealand’s growth numbers fell short of forecasts. STOCKS: US markets closed lower yesterday, as concerns over the possibility of a trade war with China continued to undermine risk appetite. The [..]

New Zealand Q4 GDP growth to pick up speed – Forex News Preview

Posted on March 14, 2018 at 5:24 pm GMT

Statistics New Zealand will issue GDP growth figures for the final quarter of 2017 on Wednesday at 2145 GMT. Under a new government and an expansion in monetary mandates, the economy is expected to have grown at the highest pace in over a year, putting a strong foot forward. While this will sound a music to the Reserve Bank of New Zealand, policymakers are unlikely to alter their monetary strategy until they see inflation touching the middle bound of the [..]

US Open Preview – Euro retreats after Draghi’s dovish remarks; New Zealand GDP growth in focus

Posted on March 14, 2018 at 12:12 pm GMT

Here are the latest developments in global markets: FOREX: The dollar index managed to erase part of yesterday’s losses during early European afternoon, inching up to 89.79 (+0.12%) despite the political chaos in the White House and renewed concerns over an escalation in US-China trade relations ahead of a crucial G20 meeting next week where leaders are expected to criticize unfair trade practices. In response to rhetorics that Trump was planning to impose further import tariffs on China, the latter [..]

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