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NZDUSD


XM Research

Technical Analysis – NZDUSD in quiet trading ahead of US CPI inflation

NZDUSD has been silent since Monday’s negligible pickup, which put the market in the green territory on a weekly basis, trading flat at 0.

Technical Analysis – NZDUSD pauses rebound but retains positive bias

NZDUSD has been in a prolonged downtrend since March when it peaked at the 0.7032 region. Although the price has managed to regain some lost ground after its downfall ceased at the 26-month low of 0.

Daily Market Comment – US-China tensions dent appetite as yields crumble, dollar creeps higher

Stocks turn red amid renewed Sino-US tensions as Pelosi expected in Taiwan Yen extends winning streak, dollar also catches a bid as bond yields skid Aussie plummets after RBA decision, pound rally loses steam too as BoE eyed Threat of geopolitical flare-up dampens mood Risk sentiment took a knock on Tuesday as it emerged that the Speaker of the US House of Representatives Nancy Pelosi is on her way to Taiwan, defying China’s strong advice against visiting the disputed territory.

Week Ahead – Bruised dollar looks to NFP report; BoE could speed up rate hikes

The coming week is shaping up to be another crucial one for gauging recession risks and monetary policy paths.

Technical Analysis – NZDUSD rangebound after rebound stalls at 50-SMA

NZDUSD has been in a extended downtrend since March when it peaked at the 0.7032 region. Although the price has managed to regain some lost ground after its downfall ceased at the 26-month low of 0.

Daily Market Comment – Euro edges up on Nord Stream relief, awaits ECB outcome  

Euro buoyed as gas flows resume ahead of ECB decision, but turmoil in Italy Earnings lift S&P 500 to 6-week high but stocks mixed today Gold slumps to one-year low as it loses out to rising rates, bullish dollar All eyes on size of ECB rate hike and new bond tool The euro is clawing higher ahead of the European Central Bank’s widely anticipated interest rate rise – the first in 11 years – later today.

Technical Analysis – NZDUSD in a recovery mood; 50-SMA next in focus

NZDUSD saw its fortune improving in the short-term picture following the clear close above the 20-day simple moving average (SMA) on Tuesday, with the focus now being on the 0.

Daily Market Comment – Stocks falter as Apple weighs but dollar remains soft, euro rallies

Equity rebound stumbles as Apple dents optimism ahead of tech earnings Euro rebound gains traction on ECB sources as gas flow resumption awaited Dollar stays on the backfoot, aussie jumps on hawkish RBA minutes Wall Street looking shaky again amid uncertainties Market sentiment remained broadly positive on Tuesday but there was a greater sense of cautiousness amid worries about the earnings outlook, ongoing recession fears and some apprehension ahead of the policy decisions by the European Central Bank and Bank of Japan.

Daily Market Comment – Sentiment improves on data, easing Fed fears; stocks and euro edge up

Strong US retail sales and softer inflation expectations lift Wall Street Dollar knocked off highs as 100-bps Fed rate hike bets pared back Euro tries to distance itself from parity but Italy and gas supply risks cap gains WTI oil tests $100 on summer demand after Biden’s Saudi trip bears no fruit Stocks set for positive start to week Equity markets got off to a buoyant start on Monday as recession panic continued to subside following some encouraging data out of the United States on Friday.

Week Ahead – Pressure mounts on ECB and BoJ after latest dollar surge

After another sizzling-hot inflation report out of the United States, the European Central Bank and Bank of Japan will meet against the worrisome setting of their currencies plunging.

Daily Market Comment – US inflation report and BoC rate decision coming up

Euro/dollar stabilizes around parity, awaits US inflation data for fuel Another round of selling hits stock markets and commodity prices  RBNZ raises rates but markets barely react, Bank of Canada next You shall not pass The price action in euro/dollar has captivated the entire financial system this week as the bulls and bears battle it out for control of the parity level.

Technical Analysis – NZDUSD fails to post lower low below 26-month bottom

NZDUSD is trading around the vicinity of 0.6095, that being the 26-month low as the pair failed on its third attempt third attempt to breach this level.

RBNZ set to hike rates again but kiwi slumps as outlook gets cloudier – Forex News Preview

The Reserve Bank of New Zealand is widely anticipated to stay on its rate hike course on Wednesday when it announces its latest policy decision at 02:00 GMT.

Week Ahead – US inflation on the menu, BoC and RBNZ to raise rates

The summer calm will have to wait a little longer as the coming week is filled with crucial events. Canada and New Zealand are geared to raise interest rates, although their currencies are ultimately at the mercy of global recession risks.

Daily Market Comment – Dollar softer after spike as Fed rate hike bets recede further

Markets steadier despite recession signs as Fed tightening bets scaled back Dollar edges down while lower yields shore up Wall Street Aussie leads the gainers ahead of expected RBA rate hike A fragile calm amid recession red flags Trading got off to a relatively calmer start on Monday, with the US dollar backing away from more than two-week highs and global equities moving higher on the back of Wall Street’s gains on Friday.

Technical Analysis – NZDUSD is back to multi-month lows; negative momentum prevails

NZDUSD is recording another day of losses after a failed attempt to break significantly above the 0.6395 resistance level and the short-term descending trend line.

Daily Market Comment – Dollar stalls, stocks given a lifeline as rate hike bets scaled back

European and US PMI data underscore recession risks, dampen price outlook Falling commodity prices add to reduced inflation expectations Investors go back to the drawing board for central bank rate hike paths Stocks rejoice as yields slip too, but dollar consolidates Recession risks loom large Speculation that the major economies in Europe and America are on the verge of tipping into a recession continues to intensify as the flash PMI reports for June have provided fresh evidence that growth is stalling.

Daily Market Comment – Wall Street bounces back but recession fears return to haunt markets

US stocks join global stock rebound but rally fizzles out already Recession fears intensify again ahead of Powell testimony Oil sinks as White House gets serious about lowering gasoline prices Dollar firmer, euro and pound find some support as aussie and kiwi sink Risk appetite fades amid renewed growth jitters Worries about soaring inflation and stalling growth were weighing on the market mood again on Wednesday as an increasing number of investors, including high-profile names such as Elon Musk, upped their odds of the US economy entering a recession this year.

Technical Analysis – NZDUSD eyes June’s lows as bears regain control

NZDUSD resumed its slide on Wednesday, bringing the key 0.6335 – 0.6195 bottom area back under the spotlight after a four-day-long unsuccessful battle with the red Tenkan-sen line.

Daily Market Comment – A calmer start after torrid week, spotlight on Powell testimony

Dollar eases off as risk appetite makes a tepid return, US futures edge up Euro climbs despite Macron losing parliamentary majority Fed hawks downplay recession risks but investors cautious ahead of Powell Commodity prices remain pressured after sharp selloff Panic selling pauses for now as yields pull back Markets got off to a steadier start on Monday following last week’s turmoil that tipped the S&P 500 officially into a bear market.



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