All Articles Tagged - NZDUSD

Daily Market Comment – US dollar, yields, stocks climb in tandem ahead of inflation test

Posted on August 11, 2021 at 9:08 am GMT

Dollar extends rally, hits more than 4-month high ahead of crucial US CPI data Euro and yen can’t catch a break, riskier currencies slip too Tech stocks take a tumble but Senate’s infrastructure bill nudges Dow and S&P to record Dollar charges ahead; will CPI data fuel or dent rally? The post-NFP boost for the US dollar and Treasury yields showed no sign of abating on Wednesday as investors continued to ramp up their bets that the Federal Reserve will [..]

Technical Analysis – NZDUSD moves sideways near 0.7000; neutral bias

Posted on August 11, 2021 at 7:52 am GMT

NZDUSD has been moving in a horizontal trajectory over the last two months, going back and forth around its short-term simple moving averages (SMAs). In the medium-term picture, the price is developing in a descending move, trading beneath the falling trend line and the 200-day SMA. As regards the technical indicators, the RSI is flattening near its neutral threshold of 50, while the MACD has risen above its trigger line but is still near its zero level. A rally higher could meet immediate resistance at the 0.7100 psychological level, which overlaps with the 200-day SMA. The down-trending [..]

US Open Note – Dollar leads the way as euro falters; oil soars

Posted on August 10, 2021 at 1:04 pm GMT

Dollar heads up but faces some downside pressure; stocks unchanged The US dollar is broadly heading north today on predictions that the Federal Reserve will eventually reduce its stimulus program, but it has come under pressure versus some majors. Strong job numbers on Friday showed that the economy is still recovering. With markets nearing all-time highs because of the Fed’s exceptional stimulus measures, Bostic believes that another solid month or two of job growth should trigger the central bank to begin tapering its asset purchases, and that the Fed should proceed [..]

Daily Market Comment – Fed taper talk approaching fever pitch, dollar edges up again

Posted on August 10, 2021 at 9:06 am GMT

Fed officials heighten taper speculation, flag a decision is nearing; dollar stands tall Optimism keeps stocks afloat even as yields rise, Delta concerns linger Commodities on steadier footing but Fed tapering, demand uncertainty still weigh Fed leaves little doubt tapering is coming soon The first response by Fed policymakers to last week’s stellar jobs report left investors in no doubt that the US central bank is closing in on its criteria of achieving “substantial further progress” towards its goals. The [..]

Technical Analysis – NZDUSD fights to keep upbeat tone as buyers hang in there

Posted on August 6, 2021 at 1:39 pm GMT

NZDUSD is in the vicinity of the mid-Bollinger band and buyers are making efforts to keep short-term bullish action alive. The 50- and 100-period simple moving averages (SMAs) are creeping higher and the 50-period SMA has completed a bullish crossover of the 200-period SMA, which is a positive signal for advances in the pair. The short-term oscillators are conveying mixed messages in directional momentum but buyers appear to not be giving up. The MACD is some distance in the positive [..]

US Open Note – Dollar jitters rise and commodity currencies flicker green

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

Dollar kept on back foot after huge ADP jobs miss What does today’s huge miss in the ADP Non-Farm Employment change say about Friday’s July NFP jobs report? Do the weaker numbers of 330K jobs gained in July versus the expectations of 695K and 692K in June dampen the picture of a strong US labour market? Do today’s employment results paint the opposite picture delivered by Fed Chairman Powell’s latest comments that employment is picking up at a good pace, [..]

Technical Analysis – NZDUSD’s bearish tilt offset by upbeat job results

Posted on August 4, 2021 at 10:14 am GMT

NZDUSD recently acquired a surge of positive momentum, resulting from stronger New Zealand job numbers for Q2, which has managed to somewhat neutralise the neutral-to-bearish bias in the pair. The falling 50- and 100-day simple moving averages (SMAs) and their recently completed bearish crossovers of the 200-day SMA are endorsing downward price action, in spite of the latest neutralising developments in the pair. The Ichimoku lines are indicating a drop in negative forces, while the short-term oscillators are reflecting the [..]

Daily Market Comment – Wall Street sets new records, kiwi storms higher

Posted on August 4, 2021 at 8:45 am GMT

US stocks rally to another record high close, dollar quiet Kiwi skyrockets after stellar jobs data fuel RBNZ bets Gold lifeless, oil takes another hit amid demand worries Stocks cheer as earnings season delivers Wall Street continues to defy gravity. The S&P 500 cruised higher to close at yet another record peak yesterday, telling a much different story than the bond market, which has been feeling the blues lately. Worries that the Delta outbreak will take the wind out of [..]

US Open Note – Dollar fizzles despite tapering hints; European stocks at fresh record highs

Posted on August 3, 2021 at 1:08 pm GMT

Delta fears The rest of the day will be quiet in terms of data releases but there are enough things happening globally to keep investors busy in the next sessions. The delta outbreak has stretched to China, which has been out of the Covid headlines for a while, forcing authorities to halt flights and other public transports towards Beijing. With the second biggest economy of the world teaming up with other Asian economies to fight against the troubling new Covid [..]

Technical Analysis – NZDUSD adopts a neutral tone; rests around 200-MA

Posted on July 30, 2021 at 1:18 pm GMT

NZDUSD is currently trading marginally above the 200-period simple moving average (SMA) in the vicinity of the 0.7000 handle. The latest price action after the near 7-month low of 0.6922 has been confined to the upper limit of 0.7104 and lower limit of 0.6880. The SMAs are withholding their bearish charge but directional momentum is lacking the force to set a clear price direction beyond the above mentioned limits. The Ichimoku lines are currently not providing usable signals for a [..]

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