All Articles Tagged - NZDUSD

US Open Preview– Dollar pressured as government shutdown weighs; European stocks flat

Posted on January 22, 2018 at 12:43 pm GMT

Here are the latest developments in global markets: FOREX: The dollar remained under pressure against its major counterparts during the European afternoon as the government shutdown on Friday limited any buying interest for the currency, driving the dollar index down to 90.43 (-0.13%). Dollar/yen edged down to 110.68 after attempting to break above the 111 key-level, with the focus being on the BOJ’s policy decision on Tuesday. Euro/dollar reversed earlier losses, rising to 1.2253 (+0.27%) as political concerns in Germany faded, while pound/dollar managed to crawl back to [..]

European Open Preview – Markets largely unfazed by US government shutdown; German politics in focus

Posted on January 22, 2018 at 8:47 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index opened with a small negative gap on Monday after news that the US government shut down on Friday, but managed to recover its losses to trade marginally higher in the following hours. STOCKS: Japanese markets were in the green today, albeit not by much. The Nikkei 225 and the Topix indices closed up by 0.03% and 0.1% respectively. In Hong Kong, the Hang Seng is 0.4% higher, rising to a [..]

Week Ahead – All eyes on BoJ and ECB; First glimpse of UK and US Q4 GDP

Posted on January 19, 2018 at 3:47 pm GMT

The Bank of Japan and the European Central Bank will follow in the footsteps of the Bank of Canada to hold their first policy meetings of 2018 in the next seven days. With speculative trade on the timing of the eventual stimulus withdrawal by both central banks driving the euro and the yen higher over the past couple of weeks, markets will be ultra-sensitive to the language spoken by policymakers. Economic data will also be at the forefront next week [..]

European Open Preview – Dollar retreats again while oil pulls back from highs; UK retail sales in focus

Posted on January 19, 2018 at 8:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was marginally lower on Friday, after also trading lower yesterday, even though yields on longer-term US Treasuries were on the rise. STOCKS: Asian markets were in a sea of green today. Japan’s Nikkei 225 and Topix indices were up by 0.2% and 0.7% respectively, both hovering near multi-decade highs. In Hong Kong, the Hang Seng index was up 0.1% – touching its highest on record – while in [..]

Technical Analysis – NZDUSD maintains bullish bias near 4-month high

Posted on January 18, 2018 at 9:20 am GMT

NZDUSD is hovering at 4-month highs close to the key 0.7300 level. After extending a rally to 0.7330 on Wednesday, the market took a breather and is consolidating gains. The uptrend from December remains intact and NZDUSD maintains a bullish bias, with scope for another leg higher. NZDUSD is currently testing the 0.7300 level and focus is on the upside for a re-test of Wednesday’s high of 0.7330. A break from here could confirm that another leg up is underway with scope to [..]

European Open Preview – Loonie undecided after rate hike while dollar rebounds

Posted on January 18, 2018 at 8:47 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index continued to recover on Thursday, trading nearly 0.4% higher and extending the gains it posted on Wednesday on the back of rising US treasury yields. STOCKS: Asian markets were mixed. Japan’s Nikkei 225 and Topix indices fell by 0.4% and 0.7% respectively, while Hong Kong’s Hang Seng index was up 0.4%. In Europe, futures tracking the Euro Stoxx 50 are in positive territory, suggesting the index could open higher. Over [..]

European Open Preview – Euro retreats after breaking above $1.23; Bank of Canada eyed

Posted on January 17, 2018 at 8:41 am GMT

Here are the latest developments in global markets: FOREX: The dollar – as gauged relative to six other currencies – is on the rise after recording its lowest since late 2014 earlier on Wednesday. The euro retreated after climbing above $1.23. STOCKS: The Japanese Nikkei 225 and Topix indices lost 0.35% and 0.2% respectively after yesterday tracking multidecade highs. Hong Kong’s Hang Seng was little changed at decade high levels. Euro Stoxx 50 futures traded lower by 0.3% at 0727 [..]

US Open Preview – Dollar posts gains though still trades near lows; kiwi traders eye dairy auction

Posted on January 16, 2018 at 12:41 pm GMT

Here are the latest developments in global markets: FOREX: After considerable declines in the days that preceded, the dollar is in the green relative to other major currencies during today’s trading, though it managed to recover only a relatively small portion of earlier losses. The dollar index was 0.3% up at 90.73. On Monday it touched 90.46, its lowest since early 2015. The British currency experienced some losses following the release of UK inflation data. STOCKS: European bourses were broadly [..]

Technical Analysis – NZDUSD retreats after sharp bullish rally

Posted on January 16, 2018 at 10:58 am GMT

NZDUSD has reversed aggressively back to the upside, after the rebound on the 0.6815 support level, posting an almost 4-month high of 0.7313 during Monday’s trading session. This top is above the 61.8% Fibonacci retracement of the down-leg from July’s more than a 2-year high of 0.7555 to November’s 18-month low of 0.6780. From the technical point of view, in the daily chart, momentum indicators are holding in the overbought areas with the RSI just above the 70 level, but [..]

European Open Preview – Dollar in recovery mode; UK inflation in the spotlight

Posted on January 16, 2018 at 8:51 am GMT

Here are the latest developments in global markets: FOREX: The dollar managed to recover a part of the previous days’ losses against a basket of currencies that saw it eventually fall to a three-year low during Monday’s trading. STOCKS: The Japanese Nikkei 225 and Topix indices added 1.0% and 0.55% to close at their highest since 1991. Hong Kong’s Hang Seng was up by 1.3%, trading at decade-high levels. Euro Stoxx 50 futures were flat at 0731 GMT, with Dow, [..]

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