All Articles Tagged - NZDUSD

Technical Analysis – NZDUSD jumps higher but is capped by short-term SMAs

Posted on September 23, 2021 at 1:09 pm GMT

NZDUSD is making an upward attempt but remains within the 20- and 40-day simple moving averages (SMAs). The technical indicators are mixed as the RSI is ticking north approaching the 50 level; however, the MACD is losing momentum near the zero level. Traders may find it difficult to move below the 40-day simple moving average (SMA) at 0.7016; but if they do, the 0.6800 handle could provide support. Deeper declines could pave the way for lower lows, bringing the market [..]

Daily Market Comment – Hawkish Fed brings out the bulls as dollar and stocks rise

Posted on September 23, 2021 at 9:27 am GMT

Fed signals November taper and early rate hike, but slow timeline lifts markets Dollar jumps in response before pulling back, Wall Street buoyed too Evergrande fears ease further, boosting sentiment Pound bounces off one-month lows, awaits BoE decision Powell outlines taper roadmap The Federal Reserve took its biggest step yet towards scaling back its pandemic stimulus on Wednesday following the conclusion of its two-day policy meeting. As expected, the Fed kept its policy unchanged but signalled that “a moderation in [..]

US Open Note – Stocks’ positive tone pauses but commodities keep minor upbeat vibe

Posted on September 22, 2021 at 2:37 pm GMT

Market jitters evident prior to Fed decision; dollar stabilizes While the suspension of the debt ceiling may hit a snag in the US Senate and somewhat cause disorder in global financial markets at a time of uncertainty, investors’ eyes have turned to the FOMC meeting decision scheduled today at 18:00 GMT, for laying the groundwork regarding the taper timeline and a possible hawkish comment. Asian session gains in US stock futures have steadied ahead of the Fed, while the greenback’s [..]

Daily Market Comment – Stocks steady on Evergrande debt assurance; dollar eyes Fed taper signal

Posted on September 22, 2021 at 8:55 am GMT

Chinese stocks mixed after trading resumes as Evergrande says it will meet debt payment Dollar holds firm ahead of Fed decision; will Powell rock the boat? BoJ keeps policy unchanged, yen slips on better mood, euro and pound lag Cautious rebound underway amid Evergrande relief Equities were mostly recovering on Wednesday as market nerves were somewhat calmed after China’s troubled property giant, Evergrande, told investors it will meet the debt payment due on Thursday for domestic bondholders. However, the company [..]

Technical Analysis – NZDUSD remains below descending trend line

Posted on September 22, 2021 at 7:29 am GMT

NZDUSD is rising somewhat after it found strong resistance at the long-term descending trend line around the 0.7465 resistance. According to the SMAs, they are mainly promoting a neutral price development. The technical indicators appear to be flat and are signaling weak and mixed indications in directional momentum. Positively, the RSI is attempting to improve in the bullish zone. The MACD oscillator is falling below its trigger line and near the zero level. Sellers may find it difficult to close [..]

US Open Note – Stocks recover and dollar takes back seat

Posted on September 21, 2021 at 2:12 pm GMT

Market Sentiment picks up and central bank meetings draw focus The major US indices are gradually extending yesterday’s rebound while the dollar continues to dwindle. Nonetheless, as worries around China’s real estate giant Evergrande Group and its recent warnings of defaulting on its debt payments remain one of the global highlights, the spotlight continues to be directed around central banks. Investors continue to look for clues around meetings, with the BOJ expected to remain dovish and the Fed to comment [..]

Daily Market Comment – Calmer markets despite Evergrande risks, loonie jumps on Trudeau win

Posted on September 21, 2021 at 9:31 am GMT

Fears of Evergrande contagion ease slightly but markets remain edgy Loonie soars after Trudeau narrowly secures third term Aussie and kiwi brush off dovish reserve banks Pound up too but UK energy crisis a worry, dollar off highs Stocks bounce back after Evergrande panic Global equities were steadier on Tuesday, recouping some of the previous days’ losses, as fears of a huge spillover from Evergrande’s debt crisis subsided a little. As investors increasingly liken the Evergrande crisis with the collapse [..]

US Open Note – China’s potential domino effect spooks stocks; dollar up

Posted on September 20, 2021 at 1:15 pm GMT

Stocks plunge as China’s Evergrande causes risk-off While the week was supposed to be all about the Fed and its tapering signals, increasing fears that Beijing will let its giant property developer Evergrande default on its $305 billion liabilities over a looming deadline for payment obligations brought another headache to global markets on Monday. The jitters popped up at a time when investors are growing sensitive to high valuations in stock markets and monitor signs of a slowing global economic [..]

Technical Analysis – NZDUSD struggles to steer above 100-MA and 23.6% Fibonacci

Posted on September 17, 2021 at 2:02 pm GMT

NZDUSD’s upside price action appears to have been curbed by the 100-period simple moving average (SMA) and the 0.7083 level, this being the 23.6% Fibonacci retracement of the up leg from 0.6804 until 0.7169. Currently, the fading of positive forces is being reflected in the 50-period SMA’s downward bearing. In spite of this, the delayed 100- and 200-period SMAs are continuously endorsing the bullish structure. The short-term oscillators are signalling that sellers are starting to gain an advantage. The MACD, [..]

US Open Note – Dollar back to gains at the end of the week

Posted on September 17, 2021 at 12:38 pm GMT

Dollar/yen back above 110.00 Prior to the weekend, the dollar is holding onto its recently gained ground, with dollar/yen approaching the 110.00 psychological number. Moreover, the dollar index is currently trading at 92.78, remaining above the 50-day simple moving average (SMA). Euro/dollar is showing some positive movement today, holding near 1.1780. US futures are pointing to a positive open. Headline retail sales in the US were projected to decrease -0.7% m/m but instead gained 0.75% m/m, compared to a revised -1.8% in July. UK retail sales drive pound lower The British pound declined below $1.3800 as retail [..]

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