All Articles Tagged - NZDUSD

Technical Analysis – NZDUSD finds resistance at 0.7245; neutral in short-term

Posted on February 17, 2021 at 6:48 am GMT

NZDUSD is moving in a horizontal trajectory over the last five weeks, slightly above the 20- and 40-day simple moving averages (SMAs) and the ascending trend line. The RSI is edging sideways with weak momentum in the positive zone, while the MACD is remaining beneath its trigger line, mirroring the latest move in the price action. The price found significant resistance at 0.7245 several times in the preceding days and if there is a successful attempt above it, the price [..]

Daily Market Comment – Yen crumbles as vaccine optimism intensifies, stocks extend gains

Posted on February 16, 2021 at 10:00 am GMT

Safe-haven yen sold across the board as vaccine rollouts fuel hopes of a swift recovery Stocks continue to soar even as global yields creep higher, but dollar fights back Pound scales fresh highs as aggressive vaccination campaign shines light on UK assets Vaccines keep optimism running high The expansion in the global rollout of Covid-19 vaccines drove risk appetite to new heights on Tuesday as investors became more confident that inoculating against the deadly virus will lead the global economy [..]

Daily Market Comment – Stocks hit fresh records as dollar pulls back, oil breaks $60

Posted on February 15, 2021 at 10:02 am GMT

Global stocks surge to fresh highs as no end to euphoria, but quieter day expected Dollar jolts back down, pound and aussie roar ahead on vaccine boost WTI oil smashes above $60 a barrel to new post-pandemic high No stopping the bulls The stimulus and vaccine-led euphoria continued to bolster sentiment on Monday even as US markets are shut for Presidents’ Day and China is still celebrating the Lunar New Year. Asian markets closed sharply higher, led by Japan’s Nikkei [..]

Technical Analysis – NZDUSD remains neutral-to-bullish but slips below 200-MA

Posted on February 12, 2021 at 3:17 pm GMT

NZDUSD has taken another hit, fading below the clogged simple moving averages (SMAs) around the 0.7200 mark. The unclear Ichimoku lines are hampering further gains in the pair, while the rising SMAs are defending the upside picture. The short-term oscillators are suggesting negative momentum may be shifting to positive. The MACD is below its red trigger line residing around its neutral mark, while the RSI is pointing upwards in the bearish territory. The stochastic oscillator is currently oversold but the [..]

Is the global vaccination race the new force in FX markets? – Special Report

Posted on February 11, 2021 at 1:31 pm GMT

The global campaign to vaccinate people against Covid-19 began in earnest in December, marking a historic milestone in the fight to bring an end to the pandemic. However, as governments scramble to get their hands on a limited supply of Covid vaccines, the disparity in the immunization rate between different nations is not going unnoticed in the FX world. Countries that are pulling out all the stops to vaccinate their population are seeing comparative strength in their currencies, whilst those [..]

Daily Market Comment – Cautious Fed and tame inflation unable to lift markets

Posted on February 11, 2021 at 9:30 am GMT

Stocks virtually flat despite promises of endless Fed liquidity FX quiet too as traders search for the next big theme US jobless claims and Disney earnings top the agenda today Is the stimulus narrative losing its bang? It was a quiet session across global markets, with most equity indices closing virtually unchanged near record altitudes and the prominent currency pairs trading in narrow ranges. Sometimes though, the lack of action itself speaks volumes. Investors had their gaze locked on the [..]

Daily Market Comment – Stimulus euphoria floods global markets

Posted on February 9, 2021 at 9:24 am GMT

Stock markets conquer new heights as usual themes remain in play Dollar continues to retreat, unable to draw power from rising yields UK turns into the G10 vaccine champion, Cable breaks higher Gold gets its feet under it as inflation whispers depress real rates The party that never stops The stock market has gone on an absolute rampage. All of the major US indices continued their incredible bullish run to reach new record heights on Monday, with stimulus hopes and [..]

Technical Analysis – NZDUSD waits for a triangle breakout

Posted on February 5, 2021 at 8:48 am GMT

NZDUSD continues its consolidation phase inside a symmetrical triangle and below the 33-month high of 0.7314. While the price is looking set for another rebound within the formation and near the 50-day simple moving average (SMA), the momentum indicators provide little hope for cheer. The RSI is muted around its 50 neutral mark, and the MACD is gradually diminishing below its red signal line, while the red Tenkan-sen remains flattish slightly below the blue Kijun-sen line. A move above the 20-day SMA [..]

Daily Market Comment – Dollar, stocks rise in tandem as Democrats push ahead with stimulus

Posted on February 3, 2021 at 10:05 am GMT

Democrats move to fast-track Biden’s stimulus package through Congress Wall Street surges for second day on earnings beats, brighter outlook US yield curve steepens, lifting the greenback; euro gets left behind Stimulus and vaccine hopes buoy markets Optimism about a stronger economic outlook and an ebb in the pandemic continued to gather pace on Wednesday, erasing last week’s jitters that sent stocks plunging and the dollar soaring. Equities have since made a powerful comeback, but the US currency has only [..]

Technical Analysis – NZDUSD travels slightly above 20-period SMA; neutral bias in short term

Posted on February 3, 2021 at 9:46 am GMT

NZDUSD is moving horizontally over the last three weeks around the 20- and 40-period simple moving averages (SMAs), remaining above the long-term ascending trend line. The RSI is heading upwards with weak momentum, approaching the positive territory, however, the MACD is falling beneath its trigger line, mirroring the latest decline in the price action from the 33-month high of 0.7314. Immediate resistance would likely come from the 0.7245 barrier ahead of the 33-month high of 0.7314. If there is a successful break [..]

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