Quick Look: NZD/USD continues to decline, driven by a strong US Dollar and hawkish Fed remarks. On June 17, 2024, the pair dropped to 0.6140. Further decline on June 18, 2024, below the 20-day EMA at 0.6130. Fed’s cautious stance on rate cuts contributes to uncertainty and volatility in currency markets. The NZD/USD currency pair …
NZD/USD Falls to 0.6140 Amid Fed’s Hawkish Stance Read More »
Quick Look: Current Trade Level: NZD/USD trading at 0.6175 in the early Asian session, reflecting global economic influences. Fed Rate Expectations: Anticipation of Fed rate cuts in September weakens USD, supporting NZD. US Dollar Index: Stays near 104.00 due to potential Fed rate cut; key US economic data awaited. Recent US Economic Data: April JOLTs …
NZD/USD at 0.6175 Amid Fed Rate Cut Expectations Read More »
Quick Look: Current Trading Status: NZD/USD trades at 0.6175, up from 0.6150. USD Weakness: USD depreciates on Fed rate cut expectations, with the US Dollar Index near 104.00. Chinese Economic Data: Positive Chinese PMI supports NZD due to close economic ties. Upcoming US Data: Key releases like ADP Employment and ISM Services PMI are expected. …
Quick Look: The NZD trades at 0.6140, an 11-week high, with thin momentum due to a data drought. US GDP and PCE inflation data, NZ government Budget release, and RBNZ Governor Orr’s speech are pivotal. US GDP and PCE updates could influence the Fed’s interest rate decisions, with markets eyeing potential rate cuts by September. …
Quick Look: Hawkish FOMC Meeting Minutes: The FOMC revealed a cautious stance on rate cuts, strengthening the US dollar. NZD/USD Volatility: Following the FOMC release, NZD/USD fell to 0.6080, indicating a significant market reaction. RBNZ’s Monetary Policy: Despite holding rates at 5.5%, RBNZ’s hawkish statement increased the likelihood of a rate hike. On Wednesday, the …
Quick Look: NZD/USD Trade Levels: Recent trading at 0.6120 with fluctuations between 0.6140 and 0.6070. Economic Data Influence: US inflation at 3.4%, retail sales stagnant; impact of upcoming RBNZ rate decision. Market Predictions: Bullish trend with potential resistance at 0.6180 and support at 0.6080. The New Zealand Dollar (NZD) has recently experienced notable fluctuations against …
NZD/USD Hits 0.6120: Fluctuations Amid Economic Updates Read More »
Quick Look: The NZD/USD is bullish, with key indicators like RSI and MACD showing upward momentum. Long-term indicators suggest a looming bearish outlook despite the current bullish swing. The currency pair is eyeing the 0.6070 target, with support at 0.5960 and resistance at 0.6060. The NZD/USD currency pair is currently experiencing a bullish swing, but …
Quick Look: NZD falls to 0.5950. The bearish trend suggests a drop to 0.5840. Business NZ PSI contracts; BNZ forecasts a 2% GDP decline. The upcoming speech by Fed’s Lorie K. Logan is crucial for policy insights. Investors are watchful as upcoming data could sway markets. The New Zealand Dollar (NZD) continues declining against the …
Quick Look: NZD/USD edges higher by 0.55%, still under bearish control. Daily RSI at 44; Hourly RSI peaks at 76, hinting at short-term bullishness. Trades below key SMAs; bearish Measured Move pattern suggests targeting 0.5800s. US Services PMI miss vs. NZ economic contraction; RBNZ holds on rates. Short-term relief is possible, but the broader trend …
Quick Look: The NZD/USD hovers around 0.6000 during Tuesday’s early Asian session. The US Dollar Index (DXY) is above 104.00, recently retreating from peaks. US PCE data, New Zealand ANZ Business Confidence, and other key reports ahead. Recent US economic data have painted a picture of an economy experiencing nuanced shifts. February saw new home sales dip …
NZD/USD Nears 0.6000 Amid Global Economic Shifts Read More »
Quick Look NZD/USD declined today, trading around 0.6053, marking a 0.53% drop. The US Dollar Index (DXY) surged to two-week highs, surpassing the 103.80 mark. Market sentiments suggest a 73% probability of a rate cut by the Federal Reserve in July. China and New Zealand are enhancing their free trade agreement. Anticipation builds around the …
NZD/USD Dips 0.53% Amid Fed Rates & China-NZ Trade Read More »
Quick Look The NZD/USD is experiencing a slight downtrend, trading near 0.6172 and down by 0.03%. Resistance under 0.6200 is evident as the key barrier remains unbroken. The pair is impacted by mixed influences, including US labour data, Powell’s dovish comments, and China’s CPI. Anticipation is building for upcoming US CPI and Retail Sales data. …
In the fast-paced world of forex trading, where currencies fluctuate in response to various economic factors, the NZD/USD and AUD/NZD pairs have recently displayed notable movements. This article delves into the recent performance of these pairs, highlighting the impact of key events and upcoming economic reports on their exchange rates. From forex day trading strategies …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCAD Canada faces geopolitics and economic challenges amidst the pandemic. The manufacturing sector on August 03 posted 56.2 points for July’s PMI report. While the figure is a minor decline from the previous 56.5 …
Daily Market Charts and Analysis August 05, 2021 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCAD The reports about Canada’s growing government deficit this week has caused the Canadian dollar to slow down significantly against the US dollar. Bullish investors saw an opening following that news and now the …
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