New Zealand Dollar: NZD/USD (NZD=X) plunged on a combination of weak domestic data and a somewhat hawkish U.S. Federal Reserve

New Zealand Dollar: NZD/USD (NZD=X) plunged on a combination of weak domestic data and a somewhat hawkish U.S. Federal Reserve

New Zealand Dollar: NZD/USD (NZD=X) plunged on a combination of weak domestic data and a somewhat hawkish U.S. Federal Reserve The New Zealand Dollar plunged on Wednesday on a combination of weak domestic data and a somewhat hawkish U.S. Federal Reserve. A survey of New Zealand business confidence came in lower than expected, increasing the […]

New Zealand Dollar: NZD/USD (NZD=X) major players on the sidelines ahead of the U.S. Federal Reserve policy announcement and interest rate decision

New Zealand Dollar: NZD/USD (NZD=X) major players on the sidelines ahead of the U.S. Federal Reserve policy announcement and interest rate decision

New Zealand Dollar: NZD/USD (NZD=X) major players on the sidelines ahead of the U.S. Federal Reserve policy announcement and interest rate decision The New Zealand Dollar is trading in a tight range against the U.S. Dollar for a second straight session on Tuesday. With most of the major players on the sidelines ahead of the […]

New Zealand Dollar: NZD/USD (NZD=X) direction likely to be determined by trader reaction to the short-term 50% level at .6687

New Zealand Dollar: NZD/USD (NZD=X) direction likely to be determined by trader reaction to the short-term 50% level at .6687

New Zealand Dollar: NZD/USD (NZD=X) direction likely to be determined by trader reaction to the short-term 50% level at .6687 The New Zealand Dollar continues to feel pressure from a Reserve Bank of New Zealand report that showed it is at a “very early stage” in refreshing its “unconventional monetary policy strategy.” Traders are also […]

New Zealand Dollar: NZD/USD (NZD=X) June trade surplus was wider than expected

New Zealand Dollar: NZD/USD (NZD=X) June trade surplus was wider than expected

New Zealand Dollar: NZD/USD (NZD=X) June trade surplus was wider than expected The New Zealand Dollar is trading lower early Wednesday as the U.S. Dollar rose in reaction to news that U.S. trade negotiators will head to China to recommence trade talks. U.S. trade negotiators are planning to head to China for face-to-face talks as […]

New Zealand Dollar: NZD/USD (NZD=X) RBNZ on course for an interest rate cut in August

New Zealand Dollar: NZD/USD (NZD=X) RBNZ on course for an interest rate cut in August

New Zealand Dollar: NZD/USD (NZD=X) RBNZ on course for an interest rate cut in August The idea that the RBNZ could be moving towards QE has weighed on the bird in Asia today, as markets are looking for clues as to which of the central bank will be the first to the bottom. So far, […]

New Zealand Dollar: NZD/USD (NZD=X) risk for some pullback

New Zealand Dollar: NZD/USD (NZD=X) risk for some pullback

New Zealand Dollar: NZD/USD (NZD=X) risk for some pullback The Kiwi breakout looks precarious here near-term after taking out targets into 6766 – Risk for some pullback early in the week but the trade remains constructive while above 6705. Subsequent topside resistance objectives at 6805 and 6843. Overall, the bias in prices is: Upwards. By the way, prices are vulnerable to a correction […]

New Zealand Dollar: NZD/USD (NZD=X) direction likely to be determined by trader reaction to a pair of Gann angles at .6627 and .6647

New Zealand Dollar: NZD/USD (NZD=X) direction likely to be determined by trader reaction to a pair of Gann angles at .6627 and .6647

New Zealand Dollar: NZD/USD (NZD=X) direction likely to be determined by trader reaction to a pair of Gann angles at .6627 and .6647 The New Zealand Dollar took a hit on Friday after the U.S. Dollar rallied sharply in reaction to a report from the U.S. Labor Department which revealed non-farm payrolls rose by 224,000 […]

New Zealand Dollar: NZD/USD (NZD=X) downside risks related to trade activity have intensified

New Zealand Dollar: NZD/USD (NZD=X) downside risks related to trade activity have intensified

New Zealand Dollar: NZD/USD (NZD=X) downside risks related to trade activity have intensified The Reserve Bank of New Zealand (RBNZ) held interest rates steady on June 26, but said further cuts to borrowing costs may be needed given growing economic risks at home and abroad. The RBNZ kept the official cash rate (OCR) at a […]

New Zealand Dollar: NZD/USD (NZD=X) next upside target is the April 30 main top at .6686

New Zealand Dollar: NZD/USD (NZD=X) next upside target is the April 30 main top at .6686

New Zealand Dollar: NZD/USD (NZD=X) next upside target is the April 30 main top at .6686 The New Zealand Dollar finished higher on Friday as a weaker-than-expected U.S. Non-Farm Payrolls report helped raise the chances of a sooner-than-expected rate cut by the U.S. Federal Reserve. As the odds of the rate cut increased, the 10-year […]

New Zealand Dollar: NZD/USD (NZD=X) will be primarily driven by the Employment Change and Unemployment Rate report

New Zealand Dollar: NZD/USD (NZD=X) will be primarily driven by the Employment Change and Unemployment Rate report

New Zealand Dollar: NZD/USD (NZD=X) will be primarily driven by the Employment Change and Unemployment Rate report The New Zealand Dollar was dragged lower by the severe sell-off in the Australian Dollar. A similar miss in New Zealand inflation data released earlier in April drove the chances of a Reserve Bank of New Zealand rate […]

New Zealand Dollar: NZD/USD (NZD=X) volatility could be heightened

New Zealand Dollar: NZD/USD (NZD=X) volatility could be heightened

New Zealand Dollar: NZD/USD (NZD=X) volatility could be heightened In New Zealand, the RBNZ was quite clear last month when it said the next policy change by the central bank is likely to be a rate cut. Furthermore, last week’s CPI data served as proof that the economy is weakening. Therefore, justifying the rate cut. […]

New Zealand Dollar: NZD/USD (NZD=X) Pressured by Weak CPI Data

New Zealand Dollar: NZD/USD (NZD=X) Pressured by Weak CPI Data

New Zealand Dollar: NZD/USD (NZD=X) Pressured by Weak CPI Data After opening the week steady, the New Zealand Dollar took a dive on Wednesday and never recovered, finishing near its low for the week. The catalyst behind the selling pressure was weaker-than-expected consumer inflation data. The bearish news was offset slightly and temporarily by positive […]

New Zealand Dollar: NZD/USD (NZD=X) sellers struggling to breach 6-month trend line support

New Zealand Dollar: NZD/USD (NZD=X) sellers struggling to breach 6-month trend line support

New Zealand Dollar: NZD/USD (NZD=X) sellers struggling to breach 6-month trend line support The New Zealand Dollar has not made much progress since last week’s dramatic drop against its US namesake. Sellers have attempted to force a breakdown, but a lasting breach of rising trend support guiding the Kiwi higher since early October 2018 lows […]

New Zealand Dollar: NZD/USD (NZD=X) still trading within the 2019 consolidation range

New Zealand Dollar: NZD/USD (NZD=X)  still trading within the 2019 consolidation range

New Zealand Dollar: NZD/USD (NZD=X) still trading within the 2019 consolidation range Kiwi rebounded off slope support last week with price still trading within the 2019 consolidation range. Key support at last week’s low – resistance at 6837 backed by 6870/76. A break / close lower would exposes the 200DMA at 6735 and 6722. Overall, the bias in prices is: […]

New Zealand Dollar: NZD/USD (NZD=X) weighed down early in the session by steep falls in Asian stocks

New Zealand Dollar: NZD/USD (NZD=X) weighed down early in the session by steep falls in Asian stocks

New Zealand Dollar: NZD/USD (NZD=X) weighed down early in the session by steep falls in Asian stocks The Australian and New Zealand Dollars rebounded after early session weakness on Monday to close higher for the session. The rally was fueled by another steep drop in U.S. Treasury yields. The yield on the benchmark 10-year Treasury […]

New Zealand Dollar: NZD/USD (NZD=X) to strengthen further

New Zealand Dollar: NZD/USD (NZD=X) to strengthen further

New Zealand Dollar: NZD/USD (NZD=X) to strengthen further We have held the same view since last Tuesday (12 Mar, spot at 0.6835) wherein we expected NZD to trade sideways within a 0.6750/0.6885 range. Over the past couple of days, we warned that “the prospect for a break of 0.6885 first appears to be higher but […]

New Zealand Dollar: NZD/USD (NZD=X) gradually making a new higher highs and lower lows

New Zealand Dollar: NZD/USD (NZD=X) gradually making a new higher highs and lower lows

New Zealand Dollar: NZD/USD (NZD=X) gradually making a new higher highs and lower lows The New Zealand Dollar is gradually making a new higher highs and lower lows since the currency pair bounced off a support level formed by the 200-hour simple moving average at 0.6809 on March 14. The exchange rate tested a resistance […]

New Zealand Dollar: NZD/USD (NZD=X) the theme has continued with a mix of “risk on” sentiment

New Zealand Dollar: NZD/USD (NZD=X) the theme has continued with a mix of “risk on” sentiment

New Zealand Dollar: NZD/USD (NZD=X) the theme has continued with a mix of “risk on” sentiment The New Zealand Dollar (NZD) received a boost Friday after broad based declines in the US Dollar (USD) took the kiwi off the low of 0.6744 to close at 0.6800. This week the theme has continued with a mix […]

New Zealand Dollar: NZD/USD (NZD=X) Climb Vs. The US Dollar

New Zealand Dollar: NZD/USD (NZD=X) Climb Vs. The US Dollar

New Zealand Dollar: NZD/USD (NZD=X) Climb Vs. The US Dollar In line with BK Asset Management’s FX forecasts, the Euro (EUR), Australian and New Zealand Dollars (AUD, NZD) all rose against the US Dollar (USD) during Tuesday’s session amid Fed Chair Jerome Powell’s testimony on US monetary policy and economic outlook. EUR/USD gained 0.28% over […]

New Zealand Dollar: NZD/USD (NZD=X) gained on the back of comments by President Trump

New Zealand Dollar: NZD/USD (NZD=X) gained on the back of comments by President Trump

New Zealand Dollar: NZD/USD (NZD=X) gained on the back of comments by President Trump Both the Aussie and Kiwi gained on the back of comments by President Trump, in which he stated that he would delay the planned tariff increase on Chinese imports (Deadline March 1st) and that he will be looking to have summit […]