All Articles Tagged - NZDUSD

Daily Market Comment – Dollar stands tall as lockdown worries hang over markets

Posted on March 25, 2021 at 10:11 am GMT

Dollar inches up to fresh highs but yen steps back as US stock futures steadier Euro and pound try to put a floor under losses after EU and UK pledge vaccine cooperation Oil prices see-saw on Suez Canal blockage, European lockdown woes Dollar extends gains amid ongoing lockdown misery The dented growth outlook in Europe continued to weigh on markets on Thursday as the latest announcements of virus curbs from the continent have dashed hopes of a speedy recovery in [..]

Daily Market Comment – Stocks falter, dollar surges amid lockdown gloom, US tax hike talk

Posted on March 24, 2021 at 10:08 am GMT

Risk aversion enters full gear as Yellen’s tax hike signals and European lockdowns sap sentiment Dollar climbs to 4-month high, yen surges too, bond yields slip further amid flight to safety Stocks slide deeper into the red but Wall Street futures point to a brighter start today Mood sours further on lockdown and tax hike fears Traders continued to rush into safe havens while dumping risk assets on Wednesday as a synchronized global recovery looked increasingly doubtful, prompting many investors [..]

Technical Analysis – NZDUSD turns red below 0.7100

Posted on March 24, 2021 at 8:44 am GMT

NZDUSD was sold aggressively on Tuesday after failing to climb above the 20-day simple moving average and breaking below the 0.7100 psychological level. The momentum indicators are confirming the recent negative price action. The RSI is heading towards the 30 level, while the MACD is strengthening its bearish move below its trigger and zero lines. The price is currently flirting with the 23.6% Fibonacci retracement level of the upward wave from 0.5470 to 0.7463 at 0.6995. A continuation of the drop below this line could [..]

US Open Note – Stocks and gold steady, dollar reveals brawn, oil slips

Posted on March 23, 2021 at 2:08 pm GMT

Stocks find footing, dollar takes throne, Chair Powell eyed Stocks halted earlier Asian losses and are stabilizing somewhat, emanating subdued risk sentiment, ahead of Chair Powell’s forthcoming testimony and a number of FOMC member speeches. Markets remain manoeuvred by rising yields and COVID-19 related-barriers and worries, as the inflation narrative has taken the back seat. Nevertheless, the dollar’s attractiveness may soon elevate further, if President Biden’s administration manages to bring to fruition another $3 trillion of infrastructure spending. The dollar [..]

Daily Market Comment – European lockdowns weigh on stocks, lift dollar; Powell testimony eyed

Posted on March 23, 2021 at 9:59 am GMT

New lockdowns in Europe dampen risk sentiment, bolster dollar and yen Stocks slip back but rumours of massive US infrastructure package lend support Kiwi slumps on steps to cool house prices, oil tumbles too, euro and pound muted Dollar up amid fresh lockdown worries Renewed fears about extended lockdowns in Europe are undermining risk assets again as a summer reopening of the continent’s economy is looking increasingly unlikely. Germany became the latest country today to delay a planned easing of [..]

Technical Analysis – NZDUSD range-bound; tests key support

Posted on March 19, 2021 at 1:54 pm GMT

NZDUSD’s bearish tone seems to have somewhat stabilised and the pair is now ranging within the boundaries of 0.7082 and 0.7280. The flattening and merged Ichimoku lines as well as the horizontal posture of the Ichimoku cloud are endorsing a more sideways price market. The directional scale appears to have tilted back to neutral, something also being conveyed through the opposing signals from the 50- and 100-period simple moving averages (SMAs) and the steadied 200-period SMA. The short-term oscillators are [..]

US Open Note – US futures slip, dollar edges up and pound eases after BoE decision

Posted on March 18, 2021 at 1:32 pm GMT

Dollar points up again; Pound eases after BoE decision Thursday brought some mild risk-on trading back on the surface after the release of the Bank of England (BoE) decision, which comes hot on the heels of the Fed’s dovish statement yesterday. The US dollar moved broadly higher as the euro/dollar fell to around 1.1925, below the 200-day SMA, while cable is declining slightly after the dovish Bank of England (BoE) decision to hold interest rates at a record low of 0.1%. Policymakers mentioned that UK GDP is anticipated recover during 2021 to achieve reach pre-coronavirus levels, [..]

Daily Market Comment – Dovish Fed lifts Wall Street, but can’t keep yields down

Posted on March 18, 2021 at 10:00 am GMT

Fed maintains dovish rate path despite upping growth and inflation forecasts Dow Jones and S&P 500 hit new records; Nasdaq rises too before futures slip Dollar falls but then rebounds as 10-year Treasury yields resume climb BoE decision up next, pound steady; yen see-saws on BoJ rumours Fed reiterates rate outlook, not worried about yields The Federal Reserve bumped up its growth and inflation projections in its latest meeting on Wednesday even as the majority of policymakers predicted that rates [..]

Daily Market Comment – Bonds and dollar steady, stocks mixed ahead of Fed

Posted on March 17, 2021 at 9:42 am GMT

Fed decision awaited as 10-year Treasury yields hold above 1.60% Dollar flat, Wall Street futures slip as investors brace for Fed inaction EU’s vaccine shambles continue, euro battles to defend $1.19 level More jawboning expected as Fed to stay course Markets were in a calm mood on Wednesday, though sentiment erred on the side of caution as uncertainty around the FOMC decision kept investors on edge. The Federal Reserve is highly anticipated to hold rates and its stimulus programmes unchanged [..]

Technical Analysis – NZDUSD in a wait-and-see mode between key boundaries

Posted on March 17, 2021 at 8:31 am GMT

NZDUSD has been refusing to close below the Ichimoku cloud since the slump to an almost two-month low of 0.7097, also finding assistance from the surface of the broken symmetrical triangle, which has recently adopted a supportive role. Upside corrections, however, were limited too as the shorter-term simple moving averages (SMAs) have been capping bullish actions with the help of the triangle’s lower boundary, keeping the pair in a neutral mode. The sideways move in the RSI and the MACD [..]

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