All Articles Tagged - NZDUSD

US Open Note – Market sentiment soft and dollar two steps ahead

Posted on April 26, 2022 at 1:47 pm GMT

Dollar remains sturdy despite retreat in US yields The key US stock indices have failed to retain their yesterday’s bounce and are aiming lower again as the resilient greenback manages to stay buoyant despite the fresh dwindling in US treasury yields. The US 10-year yield has eased to 2.77%, the 5-year yield to 2.80% and the 2-year yield to 2.56%. Even though markets have priced in an aggressive Fed and upcoming rate hike action for the United States, it seems [..]

Daily Market Comment – Powell reignites dollar bulls, sinks Wall Street

Posted on April 22, 2022 at 9:41 am GMT

Dollar regains the upper hand after Powell makes another hawkish shift Pound plummets on cautious Bailey, euro resumes downfall too Equites get knocked back as central bankers’ inflation alert pushes yields to new highs Powell backs 50-bps rate hike, dollar likes it Fed Chair Jerome Powell stole the limelight at the IMF’s spring meetings yesterday, as he reinforced expectations that the Federal Reserve will hike rates by 50 basis points when it meets in early May. Powell admitted that the [..]

Daily Market Comment – Euro perks up, fends off steadier dollar amid growing ECB rate hike talk

Posted on April 21, 2022 at 8:46 am GMT

Euro extends gains as ECB policymakers increasingly in favour of raising rates soon Dollar mixed despite higher Treasury yields; yen settles around 128 per dollar US and European stock futures edge up after Tesla earnings beat, China slips ECB rate hike chatter buoys euro The euro is gaining traction on Thursday, extending this week’s rebound to flirt with the $1.09 level, as investors ratchet up their bets that the European Central Bank is getting closer to hiking rates soon. Several [..]

US Open Note – Wall Street opens higher; commodity currencies outperform

Posted on April 20, 2022 at 2:02 pm GMT

Global stocks cautiously up Wall Street started Wednesday’s session on the bullish side, with Dow Jones gaining the biggest traction. Buying interest, however, remains relatively constraint as questions about how the cocktail of inflation and monetary tightening will affect global economic growth weigh on risk-on sentiment. Growth risks are larger in Europe, which has stronger trade ties with Russia and Ukraine than does the US, though the rapid rise in consumer prices is calling for a stimulus reduction, keeping the [..]

Daily Market Comment – Yen pressure eases slightly, US futures slip after Netflix miss

Posted on April 20, 2022 at 9:08 am GMT

Dollar breaches 129 yen, fuelling speculation of currency intervention But pullback in yields helps yen to steady a little Wall Street jumps but rebound looks shaky as Netflix shatters earnings optimism Softer yields offer temporary respite for sliding yen The Japanese yen continued to slump on Wednesday, but its overnight losses lessened heading into the European session as government bond yields retreated slightly. The US dollar scaled a new 20-year high of 129.40, surpassing the 129 level for the first [..]

Technical Analysis – NZDUSD minimizes weekly loss but bears still present

Posted on April 20, 2022 at 7:08 am GMT

NZDUSD switched to a recovery operation on Wednesday after halting its downleg near a three-week low of 0.6714 and around the bottom of the Ichimoku cloud. Despite its latest deceleration, the pair maintains a neutral structure in the medium-term picture. Yet, the negative reversal in the 20-day simple moving average (SMA), which immediately pulled below the 200-day SMA, is feeding some trend skepticism. Meanwhile in the short-term picture, the current bullish action is also not convincing yet. Even though the Stochastics seem to be [..]

US Open Note – Stocks flicker green, higher yields feed dollar resilience

Posted on April 18, 2022 at 1:37 pm GMT

Fed underpins yields, today’s highlight: RBNZ Governor Orr The week starts off with a bunch of countries observing Easter Monday, and mixed March retail sales out of China, leaving the week’s main market drivers linked to speeches from heads of central banks, Canadian and New Zealand inflation data, and various countries’ retail sales and PMI data on Friday. Elevated price pressures and a hawkish Fed are adding fuel to the US yield fire. Markets are pricing in an additional 211.5 [..]

Daily Market Comment – Euro gets knocked down by ECB, dollar edges up in thin holiday trade

Posted on April 15, 2022 at 9:14 am GMT

ECB leaves forward guidance unchanged, euro gets hung out to dry Stocks struggle, dollar resumes uptrend amid lack of fresh drivers during Easter weekend Oil heads higher on reports EU will phase out Russian imports Euro sinks to 2-year low after ECB inaction The European Central Bank kept worries of burgeoning inflation aside on Thursday as it reiterated its previous forward guidance that asset purchases will end at some point in the third quarter, while providing no precise timeline of [..]

US Open Note – BoC decision in the spotlight; dollar still rises

Posted on April 13, 2022 at 1:05 pm GMT

Dollar holds its bullish tone Officials at the Federal Reserve have not changed their hawkish stance. Governor Brainard commented that the Fed’s top priority is to combat inflation and it will implement a policy of neutrality “expeditiously.” Brainard also stated that Russia’s incursion into Ukraine raises inflation concerns, and if it continues, those concerns will only grow as the supply chain troubles worsen. The governor noted that, with this year’s fiscal impact, financial circumstances are already tightening, which will reduce consumption. The dollar is holding its ground, helped [..]

Daily Market Comment – Dollar wavers as inflation optimism overshadowed by Ukraine ‘dead-end’

Posted on April 13, 2022 at 9:04 am GMT

Dollar and Treasury yields see-saw after miss in US core inflation rate Euro under renewed pressure after Putin dashes hopes of peace, stocks mixed RBNZ first to hike by 50 bps, BoC likely to follow US inflation may be peaking, but risk-on tone falters quickly A glimmer of hope that the relentless rise in American consumer prices may be slowing lifted the market mood on Tuesday, sending Treasury yields lower and Wall Street higher. But the optimism didn’t last long [..]

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