All Articles Tagged - NZDUSD

Week Ahead – Will Fed & Co follow in ECB’s footsteps and signal QE shift?

Posted on March 12, 2021 at 1:56 pm GMT

The Federal Reserve will be meeting for the first time since yields exploded higher and the Biden stimulus bill became law. The Bank of England and Bank of Japan will announce their decisions too. Will the Fed and other central banks take their cues from the European Central Bank and respond to the bond market selloff by stepping up their purchases? The debate about whether higher yields warrant fresh policy action will likely dominate the market conversation, especially as there’s [..]

Technical Analysis – NZDUSD under heavy strain; sellers try to suppress ascent

Posted on March 10, 2021 at 10:05 am GMT

NZDUSD has found a foothold at the 0.7098 barrier that happens to be the 38.2% Fibonacci retracement of the up leg from 0.6510 until 0.7464, which is aligned with the Ichimoku cloud’s lower surface. The predominantly bullish simple moving averages (SMAs) are defending the positive structure. However, the dipping red Tenkan-sen line is suggesting growing negative momentum, while the flattening blue Kijun-sen line is promoting a stall in the retreat from the 43-month peak of 0.7464. The short-term oscillators are [..]

US Open Note – Dollar bulls outperform as Wall Street prepares for another bumpy day

Posted on March 8, 2021 at 2:18 pm GMT

US futures could face another red day; European stocks recover Upbeat data releases continued to feed expectations of inflamed prices, and therefore an earlier monetary tightening on Monday, despite central banks using verbal intervention last week to play down any adjustment in their ultra-loose accommodative policy for the next couple of years. The US 10-year Treasury yield pared earlier losses on Monday to rise as high as 1.6130%, signaling that the downside pressure on Wall Street may stay in play [..]

Technical Analysis – NZDUSD deteriorates below MAs; correction tests 38.2% Fibonacci

Posted on March 5, 2021 at 9:59 am GMT

NZDUSD bounced on the upper band of the key support section of 0.7134-0.7156, only to plunge towards the 0.7139 obstacle. This encapsulated level happens to be the 38.2% Fibonacci retracement of the up leg from 0.6612 to the multi-year high of 0.7464. The falling Ichimoku lines suggest negative price action is increasing, while the bullish demeanour of the SMAs is clearly waning, mainly reflected in the diving 50-period SMA. The short-term oscillators are also signalling a pickup in negative sentiment. [..]

Technical Analysis – NZDUSD rebounds off uptrend line; flirts with 0.73

Posted on March 3, 2021 at 6:59 am GMT

NZDUSD is continuing the rebound off the ascending trend line, overcoming the 20- and 40-day simple moving averages (SMAs) and moving towards 0.7300. The short-term bias looks positive as the MACD is trying to surpass its trigger line in the positive territory, while the RSI seems to be making its way up above its 50-neutral mark, though more progress is needed from both. The three-and-a-half-year high of 0.7463 could be a trigger point for steeper bullish action. Higher, resistance could run towards the 0.7557 [..]

Daily Market Comment – Dollar advances as stocks slip again, yields hold steady

Posted on March 2, 2021 at 10:02 am GMT

Calmer bond markets lift Wall Street, but global stocks dip on China’s bubble warning Dollar approaches one-month high as ECB, RBA and RBNZ push back on rising yields Oil prices fall for third straight day on higher supply worries, gold struggles Bubble warning pressures stocks Risk appetite waned slightly on Tuesday as the relative stability in bond markets was overshadowed by warnings of a “bubble problem in foreign financial markets” by a top Chinese financial regulator. The comments revived fears [..]

US Open Note – Dollar knocks down riskier currencies; House stimulus vote looming

Posted on February 26, 2021 at 2:15 pm GMT

Central banks react after yield rally It was a turbulent week for markets as the rapid rise in global bond yields triggered profit taking on stocks and harmed traditional safe-haven currencies, with the S&P 500 and Nasdaq set to close the week with considerable losses, though hold within the neutral-positive territory in monthly terms. Although investors got assurances from the Fed and other central banks that any tightening in monetary policy was long in the future, the yield rally over [..]

Technical Analysis – NZDUSD plunges from 3½-year high

Posted on February 26, 2021 at 10:09 am GMT

NZDUSD is diving below the more than three-and-a-half-year high of 0.7463, slipping below the 20-period simple moving average (SMA). This aggressive move is confirmed by the MACD oscillator, which is falling below the trigger line. However, the RSI is turning higher around the neutral threshold of 50. In trend indicators, the red Tenkan-sen line and the blue Kijun sen line are flattening above the current market price. Steeper decreases could take the market until the 40-period simple moving average (SMA) [..]

US Open Note – Bond yields shine at fresh highs as US futures struggle; euro bulls gear up

Posted on February 25, 2021 at 2:11 pm GMT

Bond yields shrug of Powell’s comments; US future point to the downside Nothing could stop bond yields from rising on Thursday, not even the Fed chief Powell, who once again told lawmakers of the House of Representatives on Wednesday that a persistent rapid inflation break above 2.0% will not be the case for the next three years. While his remarks assured investors, who were front-running the Fed, that the current ultra-lose monetary policy is here to stay, the US 10-year [..]

Global yields catch up with US Treasuries; has the dollar’s rebound been thwarted? – Special Report

Posted on February 24, 2021 at 2:54 pm GMT

A battle of the yields is underway as the returns on long-dated government bonds recover to pre-pandemic levels, undermining the allure of riskier assets such as stocks. The rally in bond yields is being led by US Treasuries, as the American economy shines the brightest in the Western sphere. However, while the US dollar got an unexpected leg up from the early stages of the surge in Treasury yields, the strengthening vaccine-led optimism is now spreading to other parts of [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

NZDUSD

XM Live Chat