All Articles Tagged - NZDUSD

US Open Preview – Pound slips on cautious Barnier; European stocks drag lower

Posted on February 28, 2018 at 12:46 pm GMT

Here are the latest developments in global markets: FOREX: The dollar index held onto gains during early European afternoon as investors’ optimism that the Fed would raise rates more than three times this year heightened further after Powell’s major testimony in front of the House Financial Committee yesterday. Jerome Powell, the new Fed boss, reiterated that the US economy is on a healthy track and a normalization of the monetary policy is needed to avoid an overheating economy – acknowledging the [..]

European Open Preview – Powell’s comments breathe life back into the dollar; eurozone inflation eyed

Posted on February 28, 2018 at 8:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar index – which tracks the greenback’s performance against a basket of six major currencies – traded almost unchanged on Wednesday, after posting significant gains earlier on Tuesday as the new Fed Chair Jerome Powell appeared quite optimistic on the US’ growth outlook in his testimony before Congress. STOCKS: US markets posted notable losses yesterday, as the upbeat remarks of the new Fed chief enhanced expectations for higher interest rates. The S&P 500 [..]

US Open Preview – Major pairs cautious ahead of Powell’s key testimony; European equities head lower

Posted on February 27, 2018 at 12:50 pm GMT

Here are the latest developments in global markets: FOREX: Major currencies were trading flat during early European afternoon as investors were waiting for the new Fed chair, Jerome Powell, to make his first major appearance before the US Congress later today. Market watchers were cautious as any language tweaks could spur noise not only in forex markets but also in bond and stock markets as well. The dollar index which gauges the dollar’s strength against a basket of major currencies was [..]

European Open Preview – Dollar falls though not by much; all eyes on Powell

Posted on February 27, 2018 at 8:45 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was down by around 0.15% as market attention was firmly on Fed chief Jerome Powell’s testimony before Congress. STOCKS: The Japanese Nikkei 225 and Topix indices rallied to finish the day higher by 1.1% and 0.9% respectively, pushing Japanese equities to their highest in three weeks. Hong Kong’s Hang Seng, however, traded lower by 0.8%. At 0810 GMT, futures tracking the major European indices were broadly in the [..]

US Open Preview – Dollar broadly weaker ahead of Powell’s testimony; Stoxx 600 hits 3-week high

Posted on February 26, 2018 at 12:33 pm GMT

Here are the latest developments in global markets: FOREX: The dollar remained broadly weaker against a basket of currencies, with markets eagerly awaiting Jerome’s Powell congressional testimony for positioning on the US currency moving forward. Euro/dollar was 0.3% up and pound/dollar traded higher by 0.5%, hitting a 10-day high of 1.4069 earlier on Monday. Sterling was supported by hawkish-perceived comments by BoE Deputy Governor Dave Ramsden over the weekend, as well as the Labour party’s support for a customs union [..]

European Open Preview – Dollar loses ground as US Treasury yields retreat further; focus on Powell

Posted on February 26, 2018 at 9:09 am GMT

Here are the latest developments in global markets: FOREX: The dollar index which tracks the strength of the dollar against a basket of six major currencies opened lower in Asia, touching a session-low of 81.67 (-0.25%). Dollar/yen slipped to a one-week low of 106.43, while aussie/dollar and kiwi/dollar were the best performers, with the former peaking at 0.7880 and the latter surging to 0.7336. Pound/dollar bounced back up to 1.4015 and euro/dollar managed to pare Friday’s losses, returning to 1.2327. [..]

Week Ahead – Markets look to Powell testimony for Fed guidance; Japan and US data to dominate

Posted on February 23, 2018 at 4:52 pm GMT

Economic data from Japan and the United States will comprise the bulk of next week’s releases. Australia, Canada, the Eurozone and the United Kingdom will also see important data releases. But the main focus will be on Fed Chair Jerome Powell’s first semi-annual testimony before Congress. Anxious market participants will be seeking clarity on Fed policy as stock markets are still reeling from the sharp sell-off in early February, while the dollar continues to defy rising US yields by showing [..]

US Open Preview – Euro pressured by political uncertainties; Canadian inflation in focus

Posted on February 23, 2018 at 11:43 am GMT

Here are the latest developments in global markets: FOREX: Euro/dollar was under pressure during early European trading, trading lower at 1.2302 (-0.22%) as uncertainties in the political front loomed in the background ahead of the Italian general election and the German’s polls on whether Merkel’s Conservatives will formally lead the government under a coalition agreement with their former coalition partners, the SPD. Pound/dollar jumped to an intra-day high of 1.3993 (+0.14%). on hopes that the Bank of England would raise interest rates faster than [..]

European Open Preview – Dollar looks to Fed speakers for direction; eurozone and Canada release inflation numbers

Posted on February 23, 2018 at 8:56 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was nearly 0.4% higher on Friday, recouping some of the losses it posted earlier on Thursday. Kiwi/dollar was a notable mover as well, tumbling 0.6% despite stronger-than-expected data out of New Zealand overnight. STOCKS: US markets were mixed on Thursday, providing yet another sign that investors’ risk sentiment remains quite fragile still. The Dow Jones closed 0.7% higher, but the S&P 500 was barely in the green, rising a mere [..]

Technical Analysis – NZDUSD creates double top formation at 0.7435; bearish move is expected

Posted on February 22, 2018 at 1:11 pm GMT

NZDUSD is trading lower over the last four days after it created a double top at the 5-month high of 0.7435 on February 16. The double top reversal is a bearish pattern indicating further losses on the price action. When looking at the bigger picture the pair lacks a clear trend since it has been consolidating within 0.7175 – 0.7435 after its rally from 0.6780 stalled at 0.7435. In the 4-hour chart, momentum indicators are also pointing to a continuation of the bearish bias. The [..]

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