All Articles Tagged - NZDUSD

New Zealand growth expected to reflect a slowdown; kiwi eyed – Forex News Preview

Posted on December 19, 2017 at 3:26 pm GMT

New Zealand’s third quarter GDP growth figures are due on Wednesday at 2145 GMT, with forecasts projecting a slowdown in the pace of expansion during the quarter. The kiwi will be in focus as slower growth has, among others, the capacity to postpone policy normalization plans by the Reserve Bank of New Zealand. Quarterly growth in Q3 is expected to stand at 0.5%. This compares to the preceding quarter’s 0.8%. Year-on-year, GDP is forecast to expand by 2.3% during the [..]

US Open Preview– US tax bill on final stage; European stocks hold strong

Posted on December 19, 2017 at 11:28 am GMT

Here are the latest developments in global markets: FOREX: The dollar was steady versus the yen at 112.62 as investors were waiting for the final tax vote to begin today, while trading was in general thin ahead of the holiday season. The euro, on the other hand, posted moderate gains versus the greenback, edging up to an intra-day high of 1.1817(+0.23%) and remained flat against the pound at 0.8832 as the German Ifo business climate index inched below expectations but remained at [..]

European Open Preview – US tax bill heads for vote; aussie up on mostly upbeat RBA minutes

Posted on December 19, 2017 at 8:53 am GMT

Here are the latest developments in global markets: FOREX: The dollar was slightly lower versus a basket of currencies as trading conditions were getting thinner ahead of the holiday period and attention remained on the tax story in the US. The antipodeans kept edging higher versus the greenback though their gains were subdued on a day with no sharp movements among major pairs. STOCKS: The Nikkei 225 finished 0.15% lower on the day, while the Hang Seng traded higher by [..]

European Open Preview – US tax reform dominates attention; appetite for risk pushes equities higher

Posted on December 18, 2017 at 8:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar was slightly down against a basket of currencies after posting gains on Friday following the announcement that House and Senate Republicans have found common ground on the front of tax legislation. The antipodeans were again gaining ground versus the greenback. STOCKS: The Nikkei 225 added 1.55% and the Hang Seng was higher by 1.0% on a day when Asian equities were mostly on the rise on the back of [..]

Week Ahead – BoJ meets amid normalization talk; US tax vote the main focal point

Posted on December 15, 2017 at 4:21 pm GMT

Central bank activity will continue next week with policy meetings of the Bank of Japan and Sweden’s Riksbank. It will be a relatively quieter one though for economic indicators, except in the United States, which will see several big data releases, including personal consumption expenditure figures, housing numbers and durable goods. But happenings in Capitol Hill could once again attract more attention as Congress votes on the final version of the tax bill. No change expected from Bank of Japan [..]

US Open Preview– Brexit clock ticks down but pound steady; H&M drags stocks

Posted on December 15, 2017 at 11:57 am GMT

Here are the latest developments in global markets: FOREX: The dollar continued to trade near yesterday’s lows versus its major peers as tax risks kept weighing on the currency after another US Senate Republican warned to give a “no-vote” on the promised tax cuts. Dollar/yen was weaker at 112.18 (-0.18%). Euro/dollar posted moderate gains, rising marginally above the 1.1800 key-level (+0.20%) as yesterday’s dovish ECB signals on eurozone’s inflation restricted larger gains. The pound was steady at $1.3418, while the kiwi remained the best performer, [..]

European Open Preview – Dollar close to week’s lows; EU leaders decide on Brexit

Posted on December 15, 2017 at 8:39 am GMT

Here are the latest developments in global markets: FOREX: The dollar was not much changed after hitting an eight-day low against a basket of currencies yesterday on uncertainty over the passage of tax reforms. Kiwi/dollar advanced after New Zealand’s finance minister expressed no concerns about a rising currency. STOCKS: The Nikkei 225 lost 0.6% and the Hang Seng was down by 1.1%, with Asian markets mostly on the decline . Euro Stoxx 50 futures were 0.25% lower at 0723 GMT, [..]

Technical Analysis – NZDUSD shifts to bullish after surging to 8-week high

Posted on December 14, 2017 at 3:23 pm GMT

NZDUSD surged more than 1% on Wednesday to hit its highest level since October 20 at 0.7027. The strong up-move happened after a break out of a consolidation phase and has shifted the bias to the upside, though today’s down move is attempting to threaten the positive bias. Short-term trend signals on the 4-hour chart (20 and 50-period moving averages) are bullishly aligned and NZDUSD is expected to find support on dips for now. The market became overbought following the peak at 0.7027 as [..]

US Open Preview– Pound slips after BOE meeting; stocks weaker; ECB rate decision ahead

Posted on December 14, 2017 at 12:47 pm GMT

Here are the latest developments in global markets: FOREX: The pound hit a one-month high at $1.3463 in the wake of better than expected retail sales in November. However, it soon slipped back to 1.3420 after the BOE held rates steady but signaled that GDP growth in Q4 “might be slightly softer than in Q3”. The euro rebounded to $1.1830 finding support from upbeat preliminary manufacturing PMI readings for the month of December, while versus the pound it inched up to [..]

European Open Preview – Jobs report lifts aussie; ECB and BoE eyed

Posted on December 14, 2017 at 8:58 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was little changed after recording sharp losses the previous day as investors expected a more hawkish rate outlook by the Federal Reserve. The aussie was on a positive footing versus the greenback after better-than-anticipated employment figures. STOCKS: The Nikkei 225 finished lower by 0.3% and the Hang Seng was last down by 0.3%; most major Asian benchmarks headed lower though losses were limited. Euro Stoxx 50 futures traded [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

NZDUSD

XM Live Chat