NZDUSD

Week Ahead: NZDUSD to set new 2023 low?

Fri, 11 Aug 2023 06:33:49 +0000

Week Ahead: NZDUSD to set new 2023 low? han.tan@FXTM CY CA Fri, 08/11/2023 - 09:33

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Find out why the New Zealand dollar is the second worst-performing G10 currency (after the Japanese Yen) against the US dollar so far this year.

Mid-Week Technical Outlook: FX Majors & Indices

Wed, 12 Jul 2023 09:28:45 +0000

USD Index smashes into 101.50
EURUSD challenges fresh resistance
GBPUSD bulls switch into higher gear
SPX500_m approaches key resistance
NQ100_m ready to breakout?

The dollar extended losses while stocks nudged higher on Wednesday ahead of key US inflation data that could influence the Federal Reserve’s policy stance.

Attention will also be directed towards the pending Read More

Mid-Week Technical Outlook: Market Mashup

Wed, 24 May 2023 11:41:45 +0000

It is certainly shaping up to be another wild week for financial markets thanks to the US debt limit saga. The risk pendulum continues to swing back and forth on this major development with volatility expected to intensify as the so-called default X-date looms.

Markets could be injected with even more volatility thanks to geopolitical tensions, growth concerns, and more data from major economies. Later today, investors will direct their attention towards the minutes from the May FOMC meeting which could offer more clues Read More

Trade Of The Week: 3 Reasons Why NZDUSD Could Breakout

Mon, 22 May 2023 10:18:05 +0000

This could be a wild week for the New Zealand Dollar thanks to fundamental and technical forces.

The New Zealand dollar is the best-performing G10 currency month-to-date, gaining roughly 1.7% against the dollar.

Week Ahead: 3 reasons to watch NZDUSD

Fri, 17 Feb 2023 07:08:48 +0000

The New Zealand dollar (NZD) is the second worst-performing G10 currency against the US dollar so far this month, with NZDUSD having fallen by about 3.4% month-to-date.

But before we get into the reasons that could either worsen or offer Read More

Trade of the Week: Kiwi to reach 200-day SMA on record RBNZ hike?

Mon, 21 Nov 2022 11:39:14 +0000

The New Zealand dollar has been flying high in this tail-end of 2022.

And it could be further boosted by a hawkish Reserve Bank of New Zealand (RBNZ) this week.

NZD in Q4: by the numbers

NZD Read More

Mid-Week Technical Outlook: USD

Wed, 26 Oct 2022 12:20:36 +0000

After dominating the FX space throughout 2022, the dollar’s reign could be coming to an end.

Since the start of Q4, dollar bulls have been missing in action as investors bet the Federal Reserve will slow the pace of rate hikes in the face of slowing economic growth.

This has pushed the Dollar Index (DXY) Read More

Mid-Week Technical Outlook: Commodity Currencies & Minors

Thu, 06 Oct 2022 09:58:12 +0000

A sense of caution lingered across financial markets on Thursday as investors weighed the impact of rising oil prices on economic growth. Anticipation ahead of the US jobs report on Friday added to the tense atmosphere with market players adopting a guarded approach toward riskier assets. In the equity space, stocks in Europe edged higher as global markets searched for normality after the recent volatility. There was an uneasy calm in the currency markets with the dollar on standby while oil prices hovered near three-week highs after OPEC+ agreed to cut output by 2 Read More

Mid-Week Technical Outlook: Breakouts

Wed, 10 Aug 2022 10:46:44 +0000

A sense of anticipation has gripped financial markets as investors brace for the latest US inflation report this afternoon.

Inflation is expected to cool 8.7% in July compared with 9.1% in June. As highlighted on multiple occasions this week, the pending report could spark explosive levels of volatility given the market obsession with rising prices.

Before the report is published at 1:30 pm London time, there are a couple of technical setups to keep a close eye on. Read More

Mid-Week Technical Outlook: FX Movers & Shakers

Wed, 03 Aug 2022 10:59:48 +0000

Financial markets were injected with fresh volatility this week as geopolitical tensions between the United States and China rocked sentiment.

Some action was witnessed across the FX markets yesterday as the mighty dollar regained some of its mojo amid the risk-off mood and hawkish Fed commentary. Even the Japanese Yen fought back briefly, enacting sweet revenge against other G10 currencies before later surrendering gains. Sterling seems to be on standby ahead of the Bank of England (BoE) rate decision on Thursday while oil Read More