All Articles Tagged - NZDUSD

Daily Market Comment – Aussie and kiwi capitalize on softer US dollar, oil roars

Posted on July 6, 2021 at 8:36 am GMT

Australian dollar storms higher after RBA slows asset purchases Kiwi jumps too, capitalizing on softer US dollar and RBNZ pricing Oil prices cheer as OPEC abandons talks, gold pushes higher RBA takes half measures, aussie still soars The Reserve Bank of Australia took the first step towards exiting cheap money policies at its meeting today. It signaled that asset purchases will slow down since the economy is much stronger than earlier expected, but tried to neutralize this optimistic message by [..]

Technical Analysis – NZDUSD recovers a tad but bearish pressures weigh on the pair

Posted on July 2, 2021 at 1:34 pm GMT

NZDUSD is improving above the red Tenkan-sen line at 0.6979 after a mixed US NFP payroll report was released. The simple moving averages (SMAs) and the Ichimoku lines continue to sponsor bearish demeanours; however, the negative slope of the 50-period SMA has somewhat turned horizontal, signalling that buyers are fighting back. The short-term oscillators are indicating an aggressive pick up in positive momentum. The MACD, in the negative region, is climbing above its red trigger line, while the RSI is [..]

US Open Note – Dollar slips as NFP report is mixed

Posted on July 2, 2021 at 1:04 pm GMT

Dollar dives after NFP report; unemployment rate advances to 5.9% The US payrolls figure has stolen the attention of traders today as has taken the markets by surprise. The dollar lost some ground after the publication of the non-farm payrolls report, falling near 111.30 against the yen after a strong bullish start towards 111.70 earlier in the day. The US dollar index is moving lower after it topped at 92.74 during the release, while S&P 500, Nasdaq 100 futures and Dow Jones are recording new [..]

Daily Market Comment – Dollar on the offensive ahead of NFP; OPEC+ decision postponed

Posted on July 2, 2021 at 8:59 am GMT

Dollar scales fresh highs as NFP forecasts edge up, hits 15-month peak versus yen Another mixed day for stocks as Asian growth worries persist but S&P 500 extends record streak Oil slips from highs as OPEC+ meeting delayed amid disagreements Dollar strength prevails on Jobs Friday The US dollar maintained its northward bound on Friday as investors awaited the hotly anticipated jobs report out of the United States for possible clues about Fed tapering. There have been subtle hints from [..]

US Open Note – Dollar continues to move north after ADP release

Posted on June 30, 2021 at 1:03 pm GMT

The dollar held on to recent gains as virus concerns arose in a market already on edge before the NFP report on Friday that is considered as critical to the Federal Reserve’s monetary policy outlook. Any clues about labor market strength might put more worries on the Fed to move faster on interest rate hikes, potentially lifting the dollar, while data that falls short of expectations could put the currency at risk. In June, private businesses in the US recruited 692,000 workers, down from 978 [..]

Daily Market Comment – Dollar cools as Delta fears ease; Wall Street sets another record

Posted on June 30, 2021 at 9:15 am GMT

Fears over Delta variant subside slightly but soft data limit gains in Asian equities US shares hit fresh records but improved mood knocks dollar off highs Gold slips again, while oil’s rebound also falters ahead OPEC+ meeting Markets steadier as alarm over Delta variant eases Stocks in Asia were mostly in the green on Wednesday as concerns about the impact of tighter restrictions across the region to combat the highly contagious Delta variant abated slightly while another record close on [..]

Technical Analysis – NZDUSD erases last week’s gains but some hopes glimmer

Posted on June 30, 2021 at 8:15 am GMT

NZDUSD could not find enough buyers to overcome the 0.7100 level last week, with the spotlight shifting again towards the new 7-month low of 0.6921 following the close below the simple moving averages (SMAs). Encouragingly however, the RSI and the MACD continue to hold above their recent lows, while the latter has also managed to crawl back above its red signal line, providing some optimism that the bulls may not give up the battle yet. The 0.7072 number, where the 20- [..]

US Open Note – Stocks near highs and dollar flickers green on hawkish Fed rhetoric

Posted on June 29, 2021 at 1:52 pm GMT

Markets prepare to digest Lagarde’s speech and US consumer confidence data After Friday’s weaker than expected PCE inflation, and expected tapering talk over the summer, not to mention yesterday’s confident tone from Fed officials around their inflation goal, the main focus will turn to Friday’s payrolls report for clues in the labour sector. 10-year yields are at 1.48% and the dollar index is prodding above the 92.00 mark as the greenback’s reach is being felt across the forex arena, subduing [..]

Daily Market Comment – Stocks struggle as Delta variant wreaks havoc, dollar and yen edge up

Posted on June 29, 2021 at 9:03 am GMT

Wall Street notches up another record but Asia falters amid worrying spread of Delta variant Dampened mood and US Covid resilience lift dollar, yen up too Euro stutters as ECB divisions laid bare; pound slips as investors unimpressed by UK’s ‘Freedom Day’ Mixed start for equities as Delta outbreak hits nerves Asian stocks came under pressure for a second day on Tuesday as the rapid spread of the Delta variant of Covid-19 hit growth expectations for the region. Low vaccination [..]

US Open Note – Markets are calm ahead of data exposure later this week

Posted on June 28, 2021 at 12:41 pm GMT

Dollar flirts with 111 yen; euro retreats near $1.19 as greenback gains ground It’s been a quiet start to the week as the greenback is trying to improve its long-term structure with all the attention turning on the NFP report on Friday. The dollar is heading north just below 111.00 versus the Japanese yen, while the dollar index is finding a restrictive support at the 20-day simple moving average (SMA) near 91.50. The euro is holding near $1.19 for the fourth day in a row but [..]

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