All Articles Tagged - NZDUSD

Daily Market Comment – Stocks slip, dollar mixed as mood sours again

Posted on May 24, 2022 at 8:05 am GMT

China stimulus fails to lift markets, yen edges up, dollar mixed US stock futures reverse lower after Snap issues profit warning Euro and pound await flash May PMIs Growth jitters strike again Renewed concerns about the weakening growth prospects of the major economies weighed on sentiment on Tuesday, bolstering safe-haven currencies such as the US dollar, Japanese yen and Swiss franc. Markets have been caught between a rock and a hard place since Russia’s invasion of Ukraine as central banks [..]

RBNZ is expected to raise rates; kiwi dollar surges – Forex News Preview

Posted on May 23, 2022 at 9:38 am GMT

Early on Wednesday at 02:00 GMT the Reserve Bank of New Zealand will begin its monetary policy meeting and it could be significant as it is expected to raise interest rates again. The New Zealand dollar is in a positive mode and the next step is to wait-and-see the reaction of the pair on a new rate hike. Will RBNZ hike rates again? It is anticipated that the Reserve Bank would increase the Official Cash Rate by an additional 50 basis points to [..]

Daily Market Comment – Markets turn cautiously positive but growth fears persist

Posted on May 23, 2022 at 8:53 am GMT

Dollar slips as investors pin hopes on US, China growth push despite doubts US futures climb but S&P 500 remains dangerously close to bear market Fed minutes, flash PMIs and RBNZ meeting under the spotlight this week Trading gets off to a cautiously optimistic start Worries about high inflation and the worsening growth outlook continued to ebb somewhat on Monday, though risk appetite still lacked concrete drivers even as there was some positive news flow. The turnaround came late last [..]

Week Ahead – Flash PMIs, FOMC minutes to dictate sentiment; RBNZ to hike again

Posted on May 20, 2022 at 1:13 pm GMT

Risk sentiment is wavering as investors are constantly evaluating the likelihood of a recession. The flash PMIs for May might help guide those expectations in the coming week. In the US, there will be plenty of additional drivers for the dollar, such as the FOMC minutes and the PCE inflation readings. Markets remain fixated on seeing peak inflation so any trace of this might help calm nerves. In the world of central banks, the Reserve Bank of New Zealand is [..]

US Open Note – Dollar loses ground after five weeks of gains

Posted on May 20, 2022 at 1:03 pm GMT

Dollar index ticks down as euro approaches $1.06 On Friday, the US dollar was on track to have its worst week against key rivals since the beginning of February. Global stocks have been falling this week as well due to risks to growth from aggressive monetary tightening – led by the Federal Reserve – and China’s strict lockdowns to quash an outbreak of Covid-19. The appeal of the dollar as a haven was eclipsed overnight by a decline in US yields as investors rushed for [..]

US Open Note – Recession fears keep jolting markets

Posted on May 19, 2022 at 1:24 pm GMT

Signs of recession pop up in earnings Sellers stormed into stock markets as giant US retailers Target and Walmart revealed a hit in margins on the back of rising labor and energy costs, with the former losing more than a third of its share value on Wednesday despite serving only local clients. The jittery earnings surprise follows Powell’s commitment to higher interest rates earlier this week, making investors think more seriously that the mix of inflation and monetary tightening could [..]

Daily Market Comment – Stocks crumble after dead-cat bounce but dollar unmoved

Posted on May 19, 2022 at 9:33 am GMT

S&P 500 plunges the most in two years as inflation reality for earnings sets in But follow-up panic in global equities today somewhat ‘contained’ FX and bond markets also calm as dollar steady US retail giants crash as inflation bites Sellers returned to Wall Street on Wednesday as a big drop in profits by America’s retail behemoths raised the spectre of diminishing margins, in what could only be the start of high inflation eating into corporate earnings. Target was the [..]

Technical Analysis – NZDUSD rebound loses steam, downside risks heighten

Posted on May 18, 2022 at 9:23 am GMT

NZDUSD improvements from the 0.6215 low are dwindling within the 0.6342-0.6410 region (previous support-now-resistance), which stretches back to mid-June 2020, following a five-week descent from the 0.7033 April high. Furthermore, the diving simple moving averages (SMAs) are sponsoring a revival of the bearish trend in the pair past the near two-year low of 0.6215. The Ichimoku lines are indicating a pause in negative pressures, while the short-term oscillators are reflecting the latest waning in downward momentum. In their respective bearish [..]

US Open Note – Dollar cools off, euro turns up and gold back to $1,800

Posted on May 16, 2022 at 12:53 pm GMT

Chinese data drives dollar higher In the wake of disappointing Chinese economic statistics, which sent the British pound and the Australian dollar down, the US dollar held onto its two-decade high earlier in the day. The surge in the dollar has been fuelled by China’s long-term economic lockdowns, which have contributed together with other uncertainties to an almost 10% rise in the dollar index since the beginning of 2022. In April, China’s retail and industrial activity declined substantially due to widespread Covid-19 lockdowns, which kept workers [..]

Week Ahead – Data avalanche to keep spotlight on rate hike expectations

Posted on May 13, 2022 at 1:32 pm GMT

It’s going to be a full-on week for economic indicators with a barrage of data due that should keep the guessing game going on how much central banks will tighten this year. Australia and the UK report jobs numbers, the latter will also release CPI readings along with Canada and Japan. Retail sales will be watched in the UK and US, as well as in China, while the Q1 GDP estimate will be important in Japan. China slowdown fears will [..]

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