All Articles Tagged - NZDUSD

Forex Market Review (European Session) – Dollar strengthens on tax reform hopes while sterling and kiwi face pressure

Posted on October 24, 2017 at 2:32 pm GMT

The US dollar did well versus a number of currencies on Tuesday as it gained significantly versus the pound, the kiwi and the aussie. The euro closely mirrored the dollar’s gains as traders are waiting for the outcome of the ECB meeting on Thursday before moving the world’s most traded foreign exchange pair: euro/dollar. The dollar was helped by optimism that tax reform in the United States was a feasible goal in the near-term for President Trump and Congress. An [..]

Forex Market Review (Asian session) – Majors stay in recent ranges; kiwi hit by New Zealand’s coalition government program

Posted on October 24, 2017 at 7:33 am GMT

Most foreign exchange majors stayed within narrow ranges during today’s Asian session as traders were awaiting key business survey data out of the Eurozone and the United States later in the day. The only big mover was the New Zealand dollar, which continued to post heavy losses as the country was seen getting a coalition government whose policies could have a negative impact on the currency. In particular, the new Labor-led government could push for the Reserve Bank to include [..]

Forex Market Review (European Session) – Dollar holds onto gains vs yen as Trump Fed decision awaited; euro slips

Posted on October 23, 2017 at 2:42 pm GMT

The US dollar held on to most of its Asian session gains in European trading on Monday as the yen remained weak after Abe’s landslide victory in Japan. The euro slipped further into losses as the stand-off between Madrid and the Catalan authorities intensified, while sterling also lost ground amid worries about the British economy. The yen maintained its broad weakness against most major currencies following Japanese prime minister Shinzo Abe’s election win on Sunday, which signalled policymakers in the [..]

Forex Market Review (European Session) – Yen weakens ahead of Japanese elections; loonie falls sharply as retail sales miss expectations

Posted on October 20, 2017 at 3:38 pm GMT

As markets head into the weekend, investors during the European session were concentrated on political developments in Spain as well as on Brexit negotiations. Japanese snap elections would be also in focus on Sunday with the yen showing some weakness on Friday. However, the loonie was the worst performer out of majors today after retail sales and inflation figures came in worse than expected. The dollar index managed to pick up by 0.34% on the day, reaching a two-day high of 93.54 during the session as the Senate’s approval of the 2018 budget [..]

Forex Market Review (Asian Session) – Dollar faces tailwinds on 2018 fiscal budget approval; kiwi plummets as economic risks grow

Posted on October 20, 2017 at 7:55 am GMT

The approval of a budget blueprint for the 2018 fiscal year, drove the dollar higher against its major counterparts on Friday in Asia, while the kiwi extended its losses in the face of economic uncertainties which might emerge under the new coalition government. Trump’s tax plan, which promises substantial tax cuts to businesses and individuals, is ready to move to the House of Representatives after the Republican-controlled Senate voted in favor of the 2018 fiscal budget yesterday which would add $1.5 trillion to the federal deficit over the next [..]

Forex Market Review (European Session) – Kiwi bears take charge on new government announcement; pound slips after retail sales slump

Posted on October 19, 2017 at 2:52 pm GMT

The kiwi posted additional long red candles during the European session after the kingmaker New Zealand First party backed the opposition party early today, forming a new coalition government. The pound fully reversed yesterday’s gains in the wake of worse-than-expected retail sales. September’s British retail sales tumbled by 0.8% from August, surprising analysts who had projected a smaller contraction of 0.1% as the pound’s weakness raised import costs and hence hit consumers’ wallets. The previous reading was also revised downwards [..]

Technical Analysis – NZDUSD sees increased downside pressure

Posted on October 19, 2017 at 8:22 am GMT

NZDUSD has shifted its near-term bias to bearish after dropping sharply to break key support at 0.7055. The odds are high for a move towards the next major low in the 0.6800 area. On the 4-hour chart, RSI has fallen into bearish territory below 50, indicating momentum is tilted to the downside. Price action is currently below the 20 and 50-period moving averages, which also highlights increased downside pressure in the market. The market has been in a downtrend since [..]

Forex Market Review (Asian Session) – Kiwi sinks as Peters supports Labour Party; aussie slips as China’s growth softens

Posted on October 19, 2017 at 8:05 am GMT

A day after China’s twice-in-a-decade Communist Party Congress commenced, statistics out of China showed that the economy continued to grow above the government’s annual target, giving more confidence on President XiJinping’s leadership. However, the expansion was slightly softer relative to the previous quarter, with the Australian dollar falling slightly in the wake of the data. In New Zealand, the Labour Party looks set to govern the country pushed the kiwi to a near five-month low. According to the National Bureau of Statistics [..]

Forex Market Review (Asian Session) – Eyes on Chinese communist party conference; loonie, Mexican peso jump as NAFTA talks extend

Posted on October 18, 2017 at 7:54 am GMT

Markets turned their focus on China on Wednesday, as China’s President Xi Jinping welcomed the biggest political event in the country, the Communist Party Congress, which plays a key role in the global economy. Meanwhile, the announcement of NAFTA talks extending to next year gave room for improvement to the Canadian dollar and to the Mexican peso. The Chinese President XI Jinping opened the twice-in-a-decade and closed-door Communist Party Congress in Beijing on Wednesday, with investors expecting the leaders of the world’s second-largest economy to announce any policy [..]

Forex Market Review (European Session) – Pound tumbles on dovish BoE comments; Fed chair talk drives dollar higher

Posted on October 17, 2017 at 2:37 pm GMT

Sterling took a tumble on Tuesday after Bank of England officials appeared more cautious than anticipated in supporting policy tightening even as UK inflation rose to a 5½-year high in September. The US dollar enjoyed a second day of solid gains as investors speculated that President Trump was considering appointing an inflation hawk as the next head of the US Federal Reserve. The euro meanwhile remained subdued as renewed political risks continued to weigh on the currency. It was a [..]

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