All Articles Tagged - NZDUSD

Daily Market Comment – Equities remain pressured as traders weigh Fed and geopolitical risks

Posted on January 24, 2022 at 10:21 am GMT

Stock market rout deepens amid Fed and Ukraine worries, but US futures point to rebound Dollar and gold edge up, euro see-saws on mixed PMIs Fed meeting and major earnings to likely dictate market sentiment Markets still jittery but selloff eases Wall Street just had its most bruising week since the onset of the pandemic in March 2020 and it could get even rockier for stocks in the coming days. The Federal Reserve is poised to give a formal nod [..]

US Open Note – Stocks extend declines, dollar maintains resilience

Posted on January 21, 2022 at 1:19 pm GMT

Market sentiment deteriorates as yields remain elevated Wall Street’s correction continues to develop lower, with the tech-heavy Nasdaq 100 affected more, falling 4.6% yesterday. Despite this week’s disappointing US jobless claims, which rose 286k versus an expected 220k, potentially due to surging cases of Omicron, and the correction in the US equities – in an environment of elevated yields – the market story is likely to remain the same with the Fed moving forward with removing accommodation and delivering expected [..]

Week Ahead – Fed, BoC to sing from same hawkish hymn sheet; data flurry on the way

Posted on January 21, 2022 at 12:49 pm GMT

A jam-packed week for central banks and economic releases is coming up as the inflation story continues to grip the markets. With the price data pointing up and bond yields fired up, investors are expecting nothing but hawkish talk from the Federal Reserve and the Bank of Canada. The latter could even go one step further and put words into action. In Europe, though, all eyes will be on the flash PMI readings where Omicron likely weighed on economic activity [..]

Technical Analysis – NZDUSD steers to 13-month low levels but still neutral

Posted on January 21, 2022 at 9:05 am GMT

NZDUSD has detached from the converged simple moving averages (SMAs) and has dipped below the multiple lower wicks of the candles from January 6 till the 11. The stabilized SMAs are endorsing a more neutral trajectory in the price as the pair remains rangebound, oscillating between the 0.6678-0.6700 floor and a 0.6890-0.6910 ceiling. The falling Ichimoku lines are indicating that negative forces are commanding lately, while the short-term oscillators are suggesting that the price may test the floor of the [..]

Inflation is driving up rate hike bets globally, so why does the dollar remain king? – Special Report

Posted on January 20, 2022 at 10:50 am GMT

It is now universally accepted that the pandemic-induced surge in inflation is no longer looking very transitory and central banks around the world are starting to hit the panic button. The US Federal Reserve is not only talking about rate hikes but wants to begin quantitative tightening soon. The Bank of England and Reserve Bank of New Zealand have already lifted rates at least once. Even the ultra-dovish European Central Bank is keeping its options open in terms of possibly [..]

Technical Analysis – NZDUSD preserves buying interest with technical support

Posted on January 19, 2022 at 8:33 am GMT

NZDUSD has been quite unstable, oscillating between gains and losses within the 0.6700 – 0.6900 territory since the drop to a one-year low of 0.6699 in December. Yet, despite the fluctuations, the pair managed to build a soft upward trajectory in the short-term picture with the help of a strong supportive trendline. The 20-day simple moving average (SMA), which represents the middle Bollinger band, is currently blocking bullish actions around the 0.6800 round level as the momentum indicators provide little direction about [..]

Daily Market Comment – Stocks falter again as hawkish Fed frightens markets, dollar rout deepens

Posted on January 14, 2022 at 10:42 am GMT

Wall Street headed for weekly losses as Fed and inflation worries weigh Fed officials set sights on March for liftoff, hawkish soundbites unnerve investors But dollar still sliding as terminal rate not seen going up much Fed rate hike talk takes toll on the markets Equity markets were back in the red on Friday after Wall Street’s rebound faltered on Thursday amid increasingly hawkish language from the Fed, a troubling inflation outlook and no let-up in the spread of Omicron. [..]

Technical Analysis – NZDUSD pilots north of MAs and ceiling of range

Posted on January 13, 2022 at 3:35 pm GMT

NZDUSD is facing the 0.6893-0.6910 resistance border extending back to the early part of October 2021 after a fresh bullish break out of a one-month consolidation area in the pair. The recent minor ascent in the pair is being reflected in the simple moving averages (SMAs), which are starting to point higher, suggesting the trend may be strengthening. The rising Ichimoku lines are implying the bullish forces are powering, while the short-term oscillators are further backing this view of advances [..]

Daily Market Comment – Dollar skids despite US inflation jump, euro cracks above range

Posted on January 13, 2022 at 10:39 am GMT

US dollar is pummelled as strong CPI fails to galvanize the bulls More Fed officials flag March rate hike but yields go nowhere Wall Street extends rebound but earnings may hold the key to more gains US inflation hits 7%, markets take it in their stride It was another disconcerting inflation report out of the United States on Wednesday as headline CPI edged up to 7.0% in December – the highest since 1982. But the figure was in line with [..]

Technical Analysis – NZDUSD treads across 76.4% Fibonacci but bearish tone remains

Posted on January 12, 2022 at 9:49 am GMT

NZDUSD has been consolidating for around one-month now as downward pressures diminished after recording a 13½-month low of 0.6700. The pair has been finding support lately from the lower Bollinger band and the 0.6734 level, which is the 76.4% Fibonacci retracement of the up leg from 0.6510 until 0.7464, even though the simple moving averages (SMAs) continue to endorse a bearish trend. The short-term oscillators are conveying mixed signals in directional impetus. The MACD, slightly beneath the zero mark, has [..]

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