All Articles Tagged - NZDUSD

European Open Preview – Dollar falls as Senate Republicans weaken; Fed meeting, US & UK data in focus

Posted on December 13, 2017 at 8:45 am GMT

Here are the latest developments in global markets: FOREX: The dollar was losing ground relative to majors after Republicans lost a Senate seat in Alabama, resulting in a narrower Senate majority for them. Still, there were no sharp movements amongst majors as European traders were starting their trading day, with markets awaiting fresh catalysts to place their positions on a data-busy day. STOCKS: Japanese equities retreated with the Nikkei 225 losing 0.5%; major Asian benchmarks outside Japan were posting gains [..]

US Open Preview– Pound gives up gains after UK inflation; dollar awaits US PPI

Posted on December 12, 2017 at 11:56 am GMT

Here are the latest developments in global markets: • FOREX: UK headline CPI picked at a fresh six-year high of 3.1% y/y in November, increasing the odds for further rate hikes in the coming years as the BOE wishes to bring inflation back to its target of 2.0%. The pound jumped to a session high of $1.3379 but soon fell back to $1.3310 (-0.04%). as investors remained cautious on the squeezed wage growth. The euro slipped to $1.1774 but remained [..]

European Open Preview – Dollar steady ahead of UK and US data; kiwi continues rising

Posted on December 12, 2017 at 8:42 am GMT

Here are the latest developments in global markets: FOREX: The dollar was little changed against a basket of currencies ahead of a two-day meeting by the Federal Reserve that is to commence later in the day. The New Zealand dollar maintained positive momentum from yesterday, rising to its highest in a month relative to the greenback. STOCKS: The Nikkei 225 finished 0.3% lower, but still remained close to its highest since early 1992; the Hang Seng was last 0.6% down [..]

US Open Preview– Dollar weaker ahead of JOLT’s job openings; stocks hold strong

Posted on December 11, 2017 at 12:08 pm GMT

Here are the latest developments in global markets: FOREX: The pound was steady around $1.3385 despite May saying there is a new “sense of optimism” in the Brexit talks on Monday after she satisfied the European Commission’s demand last week on the three key divorce elements. However, the outline agreed must be voted by all European members at Thursday’s summit for negotiations to move officially to trade discussions. The dollar was weaker against a basket of major currencies as investors [..]

European Open Preview – Dollar little changed; kiwi surges; Nikkei touches 26-year high

Posted on December 11, 2017 at 8:39 am GMT

Here are the latest developments in global markets: FOREX: The dollar was trading down relative to a basket of currencies but still not far below a three-week high of 94.09 reached on Friday. The antipodean currencies – predominantly the kiwi – were advancing relative to the greenback. The New Zealand dollar’s gains came on the back of expectations of a more hawkish approach to monetary policy following the appointment of a new governor who’s seen as less of a dove [..]

Week Ahead – Fed to raise rates in busy week for central banks; EU summit decides on Brexit

Posted on December 8, 2017 at 3:41 pm GMT

Numerous central banks are scheduled to meet to set monetary policy next week. This includes the Federal Reserve, probably the world’s most closely watched central bank. It is also the one expected to make a move in the direction of policy normalization. Beyond this, major economies will see the release of important data, the UK being one of them with releases on inflation, wage growth and retail sales being eagerly awaited. In politics, the US tax story and the EU’s [..]

European Open Preview – Eyes on US jobs report and Brexit developments; Asian equities rally

Posted on December 8, 2017 at 8:46 am GMT

Here are the latest developments in global markets: FOREX: The dollar rallied overnight against its counterparts on news that US lawmakers agreed to temporarily extend the government spending bill, a day before the deadline on Friday. The pound was on track to post a second day of gains as concerns over a hard-Brexit calmed after the UK and the EU appeared to be reaching a preliminary deal on key elements of the divorce. On the other hand, the euro was heading [..]

US Open Preview – Dollar gains on tax reforms momentum; stocks climb on tech recovery

Posted on December 7, 2017 at 12:13 pm GMT

Here are the latest developments in global markets: Forex: The dollar index moved higher to a fresh two-week high of 93.73 (+0.13%) as a layer of uncertainty was removed after the US Senate Republicans and the House of Representatives agreed yesterday to continue talks on tax reforms. However, risks remain on the side of the government budget which expires on Friday midnight. Dollar/yen was last seen at 112.70 (+0.37%), dollar/swissie was trading at a two-week high of 0.9922, while dollar/loonie [..]

Technical Analysis – NZDUSD sees strengthening bearish momentum in near term

Posted on December 7, 2017 at 9:01 am GMT

NZDUSD has a negative undertone as the flow is back to the downside following a break below the key 0.6900 level. On the 4-hour chart, the RSI is bearish while the 20 and 50-period moving averages are negatively aligned. The rapid pullback from yesterday’s 0.6916 high suggests NZDUSD does not have enough momentum to resume the uptrend from 0.6780 to 0.6945 (November 17-28 rise). As long as NZDUSD remains above the 0.6816 low then the pair is expected to remain [..]

European Open Preview – Dollar at 2-week highs; Nikkei rebounds

Posted on December 7, 2017 at 8:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar hit a two-week high against a basket of currencies as optimism on US tax reform continued to support the currency, though concerns over a possible government shutdown restricted steeper upside movement. The euro and the pound were on track to post the third day of consecutive losses versus the greenback, while the loonie tumbled to a one-week low after the BOC expressed caution for further rate hikes. The aussie [..]

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