All Articles Tagged - NZDUSD

Forex Market Review (Asian Session) – Top world economies expand, but arising geopolitical risks take stage in forex markets

Posted on July 31, 2017 at 7:52 am GMT

The US dollar gained during the Asian session, with the dollar index up 0.20% to last trade at 93.44. The session was busy with ample of data from Asian economies signaling economic expansion. The euro and sterling declined against the US currency. Oil prices rose while gold gave up on some of Friday’s significant gains. Data signalling the latest economic activity in China was the main news of the day. While activity in the world’s second largest economy continued to [..]

Investment Theme – Dovish Fed spurs commodity prices and currencies higher

Posted on July 27, 2017 at 4:06 pm GMT

Commodity currencies are looking at their most bullish since 2015 after the Federal Reserve struck a dovish tone on inflation at its latest monetary policy meeting yesterday, lifting the price of risk assets, including those of commodities. Commodity prices have already been on the up during the past month, boosted in part by growing demand from China – the world’s biggest consumer of commodities. This uptrend has helped drive commodity-linked currencies such as the Canadian, Australian and New Zealand dollars [..]

Forex Market Review (Asian Session) – Fed’s inflation concern weakens dollar; aussie, kiwi at two-year high

Posted on July 27, 2017 at 7:47 am GMT

It was a relatively quiet data day in forex markets prompting traders to dwell over yesterday’s events, namely the Federal Open Market Committee (FOMC) meeting. As a result of the Federal Reserve’s dovish tone, the weakness in the US dollar unfolded, with the dollar index hitting a fresh 13-month low. The Australian and New Zealand dollars jumped to two-year highs as traders sold off the greenback. The Fed confirmed market anticipations of the federal funds rate remaining at the same target [..]

Technical Analysis – NZDUSD pauses uptrend; rising 50-day moving average supports bullish bias

Posted on July 26, 2017 at 8:00 am GMT

NZDUSD has been in an uptrend since the May 11 low of 0.6816 to the July 21 high of 0.7457. There was a slight corrective move lower from this peak as the market reached overbought levels, which was indicated by the RSI rising above 70. The technical picture remains bullish as there was a bullish crossover of the 50-day moving average with the 200-day MA on July 5. The loss in upside momentum suggests some consolidation in the near term with immediate [..]

Forex Market Review (Asian Session) – Dollar gains ground ahead of FOMC; aussie suffers on softer inflation

Posted on July 26, 2017 at 7:43 am GMT

Inflation figures out of Australia were today’s main data release during Asian session trading. The softer than expected data led to the aussie posting losses. Beyond that, the dollar index seems to be maintaining some positive momentum following yesterday’s upbeat consumer confidence report. The dollar’s index against a basket of currencies was up 0.2% as Asian traders were about to complete their trading day. It stood above the 94 mark, but not far above 93.64, the 13-month low reached yesterday. [..]

FX Daily Outlook | 24-07-17

Posted on July 24, 2017 at 9:59 am GMT

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Forex Market Review (Asian Session) – Dollar weighed by political woes, close to 13-month low; aussie gains

Posted on July 24, 2017 at 7:41 am GMT

As Asian traders were about to complete their trading day, the dollar index was up on the day after previously hitting a fresh 13-month low. Excluding aussie/dollar, most major pairs were moving within a relatively narrow range during Asian trading hours, while gold was down after recording a one-month high. The dollar’s index against a basket of major currencies fell to 93.82 today – it’s lowest since June 24 of last year. It later managed to recover to last trade [..]

FX Daily Outlook | 21-07-17

Posted on July 21, 2017 at 9:12 am GMT

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Technical Analysis – NZDUSD breaks above 0.7400; bullish bias in place but overbought

Posted on July 21, 2017 at 8:43 am GMT

NZDUSD has extended its uptrend, breaking above the key level of 0.7400 and reaching a fresh ten-month high. Meanwhile, the short-term bias remains bullish but is likely to weaken. Looking at the technical indicators, the bias in the near-term is expected to be bullish. The pair has already crossed above the Ichimoku cloud, the 50-day and the 200-day exponential moving averages, which are currently positively sloping. However, the bias is likely to become weaker, as the bullish cross between the Tenkan-sen and [..]

Forex Market Review (Asian Session) – Aussie tumbles on Deputy Governor’s dovish speech; US dollar weak on political woes

Posted on July 21, 2017 at 7:15 am GMT

The Australian dollar tumbled amid a dovish speech by Reserve Bank of Australia Deputy Governor Guy Debelle. The US dollar remained under pressure against most majors following the plunge yesterday when news broke out about expansion of an investigation into Trump’s links with Russia. The aussie fell to $0.7907 during Asian trading as the RBA Deputy Governor said that no importance should be given to the board’s discussion around the neutral rate and that it doesn’t imply monetary policy tightening. [..]

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