All Articles Tagged - NZDUSD

Technical Analysis – NZDUSD flies above 50-MA after miss in NFP data

Posted on October 8, 2021 at 1:29 pm GMT

NZDUSD has surged above the 50-period simple moving average (SMA) and the 0.6948 nearby high after US Non-Farm payrolls came in much weaker than estimated. Despite the spike in upside momentum, the pair is still mostly neutral, while the falling 50- and 100-period SMAs are endorsing the bearish trajectory. The short-term oscillators are indicating a growing positive drive but buyers are somewhat struggling to secure improvements in the pair. The MACD is marginally above its red trigger and zero lines, [..]

US Open Note – Stocks turn green on temporary risk on; antipodeans outperform

Posted on October 7, 2021 at 1:56 pm GMT

Risk-on trading returns Risk-on sentiment continued to navigate markets during late European trading hours on Thursday as worries about the energy crisis took the back seat for the time being and the risk of a government default in the US was expected to be ease today after Democrats showed willingness to raise the debt ceiling to December on the Senate floor. Following complaints that Russia is holding back its energy supplies, mainly from Europe, Vladimir Putin said that his government [..]

Daily Market Comment – Stocks rebound as gloom eases, oil and dollar pull back

Posted on October 7, 2021 at 9:34 am GMT

Sentiment improves after energy prices ease; US debt deal and Biden-Xi meeting help too Strong turnaround on Wall Street pulls global stocks higher but inflation threat not gone Aussie and kiwi lead rebound in FX but energy crisis fears still weigh on euro and pound Fears of an energy crunch subside, for now Markets were in a much more cheerful mood on Thursday as some of the gloom around a deepening global energy crisis, soaring inflation and never-ending supply disruptions [..]

US Open Note – Stocks slip again, and greenback remains buoyant

Posted on October 6, 2021 at 1:43 pm GMT

Risk appetite absent as dollar resilient after ADP jobs data Risk sentiment remains somewhat suppressed today, while rising US yields and growing inflationary pressures have kept the advance in the reserve currency buoyant. Yesterday’s reading of 53.0 in the ISM services PMI’s employment component, may have assisted today’s upbeat ADP employment data, which showed private non-farm payrolls rising by 568K, beating the forecast of 425K. Stubbornly high inflation and a strong NFP number could provide fuel for the Fed to [..]

Daily Market Comment – Stagflation fears hit sentiment as RBNZ hikes rates and oil jumps again

Posted on October 6, 2021 at 9:08 am GMT

Stocks struggle amid the growing threat of global stagflation RBNZ raises rates but kiwi falls as US dollar extends gains WTI futures hit 7-year high, fuelling inflation worries as oil rally continues Sentiment sours again as stagflation fears persist Global equities were back in the red on Wednesday as concerns about sluggish growth and higher inflation returned to haunt investors. The shift towards tighter monetary policy by central banks amid worsening supply shortages around the world and surging commodity prices [..]

Technical Analysis – NZDUSD gains non-existent despite 25bps rate hike

Posted on October 6, 2021 at 9:05 am GMT

NZDUSD appears to have failed to capitalise on the 25bps rate hike to 0.50% out of the Reserve Bank of New Zealand (RBNZ), which was delivered in the Asian trading session. The pair is dropping towards the 0.6875 level, that being the 61.8% Fibonacci retracement of the up leg from 0.6510 until 0.7464, the lower region of a mostly sideways market that began around June 18. The overall trendless simple moving averages (SMAs) are also confirming the fairly ranging price [..]

US Open Note – Equities heal wounds but risks still in play; RBNZ in focus

Posted on October 5, 2021 at 1:50 pm GMT

Stock markets enjoy some recovery, but not for long While central banks keep talking about a transitory inflation, investors seem to walk on thin ice, wondering whether the combination of supply chain disruptions, rocketing energy prices and labor shortages need to be taken more seriously as initial symptoms of stagflation. Although there is no convincing evidence of stagflation yet, headlines have been more depressing than cheerful around business struggles lately, and that was enough to ghost traders and knock down [..]

Daily Market Comment – Energy risks plague stocks, oil joins the party

Posted on October 5, 2021 at 9:06 am GMT

Oil rallies after OPEC does nothing, intensifying energy crisis Stock markets take another hit, tech leading the way lower Dollar awaits ISM services survey, kiwi looks to RBNZ rate hike OPEC adds fuel to energy crisis The world’s dominant oil cartel did not accelerate its production increases yesterday, propelling oil prices to new multi-year highs and fanning the flames of the raging energy crisis. With natural gas and coal prices going through the roof lately, crude oil has joined the [..]

US Open Note – Stocks static and yields fail to aid dollar

Posted on October 4, 2021 at 2:22 pm GMT

OPEC and global energy risks; Central Banks and NFP report are drivers of the week Market uncertainty lingers but the greenback’s haven appeal remains muted, as a global energy crisis threatens recoveries across the globe. Stocks are slightly on the back foot to start the week and the dollar remains feeble as the 10-year yield provides no support. Uncertainty out of China around a property developer giant and rising energy prices, with the UK being hit the worst, maybe weighing [..]

Weekly Comment – Stagflation fears hammer stocks, boost dollar

Posted on October 1, 2021 at 10:59 am GMT

Supply chain disruptions combined with the global energy crisis have awakened fears of stagflation, favoring the safe haven assets. Manufacturing activity in China took a hit as widespread energy shortages compounded a loss of momentum across its economy. A deal to avert the US government shutdown was reached, but Joe Biden’s spending bill is still in trouble. Next week, all eyes will be on the latest US employment report, central bank meetings in Australia and New Zealand, and an OPEC+ [..]

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