Kiwi

Trade Of The Week: AUDNZD enters breakout mode

Mon, 02 Oct 2023 09:59:38 +0000

AUDNZD has kicked of Q4 breaching 1.0720 support
Antipodean central bank decisions could move AUDNZD further
Neither RBA nor RBNZ expected to raise interest rates
However, fresh insight on future policy moves could spark volatility
Relative Strength Index (RSI) flirting near oversold territory

A central bank mashup featuring the Reserve Bank of Australia (RBA) and Reserve Bank of New Zealand (RBNZ) could trigger a significant move in the AUDNZD this week.

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.

NZDJPY D1 – The bears are stirring

Tue, 30 May 2023 09:39:17 +0000

The NZDJPY bulls on the D1 time frame have been making higher tops and bottoms since the beginning of May.

A last higher top was reached when the price bounced off a weekly resistance level on 23 May at 87.304.

A closer look at the Momentum Oscillator reveals negative divergence between point “a” and “b” when comparing the tops at 86.173 and 87.304.

Read More

Week Ahead: 3 reasons to watch NZDUSD

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

Week Ahead: 3 reasons to watch NZDUSD han.tan@FXTM CY CA Fri, 02/17/2023 - 09:08

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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.

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

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

Trade of the Week: Kiwi to reach 200-day SMA on record RBNZ hike? han.tan@FXTM CY CA Mon, 11/21/2022 - 13:39

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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.

Week Ahead: Can NZDUSD sustain its rebound?

Fri, 20 May 2022 04:37:24 +0000

G10 currencies enjoyed some reprieve against the US dollar this week, although stocks have endured another brutal selloff.

Markets are set to remain gripped by the effects of soaring inflation on companies’ bottom lines and on the performance of major economies.

More clues may come via the following economic data releases, events, and company earnings due in the week ahead: Read More

Week Ahead: Hawkish ECB may offer EURUSD support

Fri, 08 Apr 2022 08:00:37 +0000

Week Ahead: Hawkish ECB may offer EURUSD support Vladimir.Bukre… Fri, 04/08/2022 - 11:00

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The battle against inflation is set to take center stage across markets in the coming week.

Major central banks such as the European Central Bank, the Reserve Bank of New Zealand, and the Bank of Canada are set to make their respective policy decisions, and perhaps more crucially convey its future policy intentions to investors and traders worldwide.

3 reasons why the US dollar is climbing

Thu, 24 Mar 2022 12:22:48 +0000

3 reasons why the US dollar is climbing Vladimir.Bukre… Thu, 03/24/2022 - 14:22

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The US dollar a.k.a. the greenback a.k.a. the ‘buck’ has firmed its grip as ‘king of the FX world’ so far this year.

The benchmark dollar index (DXY), which measures how the USD has performed against a basket of major peers such as the euro, pound, and yen, has climbed by more than 3.3% so far in 2022 and is trading around its highest levels since May 2020.

Temporary calm after Russia’s semi-invasion

Wed, 23 Feb 2022 10:05:08 +0000

Yesterday’s military escalation in Eastern Ukraine has so far had only a limited further fall-out in global financial markets. Asian markets are relatively steady after the major US stock indices dropped into negative territory, with the S&P 500 closing in official “correction” territory for the first time in two years. That means it is 10% lower than its record closing high from early in January. Read More