All Articles Tagged - NZDUSD

Technical Analysis – NZDUSD increasingly bearish after drop below 0.72

Posted on August 31, 2017 at 8:21 am GMT

NZDUSD maintains a bearish bias as it resumed its downside following a break of a key level at 0.7200. The pair is now at its lowest level since June 6 at 0.7144. Both the short and medium-term picture has turned bearish. Looking at the 4-hour chart, the downtrend that started from the July 27 high of 0.7557 remains in progress and is highlighted by the bearish crossover of the 20-period moving average with the 50-period MA on August 23. Momentum to the downside has [..]

Forex Market Review (Asian Session) – Dollar extends gains as economic confidence rises; Aussie weaker after CAPEX; Kiwi hits 2 ½ – month low

Posted on August 31, 2017 at 7:43 am GMT

The dollar had a relatively winning battle against its peers overnight, extending its positive momentum after investors restored their confidence in the US economy despite geopolitical risks remaining high and huge damages from the ongoing tropical storm Harvey. On the other hand, the Australian dollar performed poorly, failing to find support on positive economic data, while the Kiwi was the worst performer after figures out of New Zealand came in disappointing. While waters continued rising in southeast Texas and slow-moving [..]

Forex Market Review (European Session) – Dollar extends rebound on US data; euro runs out of steam

Posted on August 30, 2017 at 3:07 pm GMT

Risk sentiment improved notably on Wednesday as geopolitical risks ebbed, helping the US dollar extend its gains into the European session. The euro was the worst performing major currency as the three-day sharp rally ran out of steam. The commodity-driven Canadian, Australian and New Zealand dollars also came under pressure against the resurgent dollar but the pound was a surprise outperformer. The euro was unable to hold on to the $1.20 handle after rising above the level yesterday for the [..]

Forex Market Review (Asian Session) – Dollar pares losses as North Korean risks ease; Aussie hits 4-week high on upbeat construction spending

Posted on August 30, 2017 at 7:32 am GMT

While the US counts the damage from the ongoing disastrous tropical storm Harvey, the dollar managed to reverse losses during the Asian trading hours as investors’ fears over a dangerous escalation of tensions between North Korea and the US eased. Meanwhile, the aussie peaked at a 4-week high after construction projects recorded the highest growth in six years. Despite catastrophic thunderstorm Harvey continuing to move slowly around Texas, causing the death of 12 people and a damage amounting to 10bn dollars so far, [..]

Forex Market Review (European Session) – Dollar remains under pressure; euro and gold extend gains

Posted on August 29, 2017 at 2:29 pm GMT

The US dollar remained under pressure in European trading today, extending its Asian session losses, while the euro and gold added to their earlier gains. The risk aversion brought on from North Korea’s latest missile tests, which violated Japanese airspace, showed little sign of dissipating, with major European indices falling deep into the red. Dollar weakness lifted other majors however, with sterling, and the Canadian, Australian and New Zealand dollars all rising on the back of the greenback’s slide. The [..]

Forex Market Review (Asian Session) – Euro holds above 2½-year high; oil prices mixed in wake of Hurricane Harvey

Posted on August 28, 2017 at 7:22 am GMT

As Asian trading was about to end for the day, the euro managed to hold above the two and a-half-year high, despite being under pressure in early trades. Euro/dollar was last trading at 1.1926, after reaching 1.1940 on Friday, levels last recorded in January 2015. Oil prices surged in early trading but gave up on some of the gains as the Asian session was coming to a close. The euro came under some pressure during the Asian session, but managed to [..]

Forex Market Review (European Session) – Yellen induces dollar’s tumble, traders await Draghi for further moves

Posted on August 25, 2017 at 2:45 pm GMT

The dollar tumbled against all majors following the speech of Federal Reserve Chair Yellen at the Jackson Hole symposium. The US currency managed to trade higher against the yen for most of the European session and got a small lift after the release of US durable goods data, but that was short-lived. The dollar index fell 0.43% to last trade at 92.89. The US dollar traded around the value of 109.57 yen for most of the day leading up to [..]

Forex Market Review (Asian Session) – Dollar gains ahead of Jackson Hole; oil up on Texas output disruption

Posted on August 25, 2017 at 7:36 am GMT

The dollar gained against the yen and the euro ahead of the central bankers’ symposium in Jackson Hole. The dollar index was up 0.11% and was trading at 93.37 as Asian traders were heading home for the week. Oil prices also rose on the possible disruption in the Gulf of Mexico, in Texas. The release of the encouraging Japanese CPI data did little to lift the yen against the dollar as the pair traded on the back of strong dollar [..]

Forex Market Review (European Session) – Dollar firmer as risk appetite improves ahead of Jackson Hole; pound perks up on euro weakness

Posted on August 24, 2017 at 3:19 pm GMT

Risk appetite improved notably on Thursday as investors shrugged off the threat of a government shutdown in the United States to focus on the three-day Jackson Hole gathering of central bankers in Wyoming, which starts today. The US dollar extended its Asian session gains to climb towards 109.50 yen, but the euro floundered ahead of an extended speech by ECB head Mario Draghi tomorrow in Jackson Hole. GDP data dominated the early European session as growth figures were released in [..]

Forex Market Review (Asian Session) – Dollar caps losses, gains against majors; kiwi tumbles to more than 2-month lows

Posted on August 24, 2017 at 7:46 am GMT

The dollar managed to recoup some of yesterday’s losses against the yen, when the US currency tumbled on the President’s remarks about a government shutdown. Other majors also weakened with the kiwi underperforming as it tumbled to more than a two-month lows against the greenback. Oil prices slipped after yesterday’s surge. During another relatively quiet trading day in Asia, the dollar managed to reverse its losses and post a moderate gain against the yen. Dollar/yen was last trading at 109.27, [..]

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