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Thread: NZD/USD

  1. #61
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    NZD/USD 29.08.2016
    The New Zealand dollar recovered after hitting a 1-week low, to trade 0.1 percent higher at 0.7231. On Friday, the major rose to fresh 15-month high level of 0.7380, however, reversed sharply after comments from Feds Janet Yellen indicated a strong case for raising interest rates in near-future. Immediate resistance is located at 0.7270 (10-DMA), break above targets 0.7300. On the lower side, support is seen at 0.7200, break below could drag it near 0.7164.

  2. #62
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    NZD/USD 07.09.2016
    The New Zealand dollar extended gains above the 0.7400 handle, strengthened by upbeat NZ Global Dairy Trade auction results and rallying oil prices. The major rose for the sixth consecutive session, hitting its highest level since mid-May 2015. The Kiwi trades 0.8 percent higher at 0.7474, attempting to gain the 0.7500 handle. Immediate resistance is located at 0.7500, break above could take it till 0.7530/ 0.7560. On the downside, support is seen at 0.7397 (Session Low), break below targets 0.7350.

  3. #63
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    NZD/USD heavy, eyes a break below 0.7100

    After a brief consolidative stint near 0.7120 levels during late-Asia, the NZD/USD pair came under renewed selling pressure in early Europe, now look to test the key psychological support at 0.7100 levels.

    The spot is seen printing fresh three-month lows of 0.7109, in response to the ongoing bullish momentum around the US dollar versus its main peers, as the US 10-year Treasury yields consolidate near four-year peaks just shy of the key 3 percent level.

    Kiwi is the weakest across the fx board,failed to benefit from the persisting risk-on market profile, reflected by higher equities and oil prices.
    In future days, the pair could see further declines below a break of the 0.7100 levels, opening floors for a test of January 2018 lows at 0.7073.

    Calendar-wise, the US CB consumer confidence and new home sales data will be reported among other second-liner releases, which could provide some trading impetus.





  4. #64
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    Forex Market Analysis - NZD/USD surrenders a major share of into the future gains to 6-week tops

    A modest uptick in the US sticking to yields helped ease the USD bearish pressure.
    The prevalent cautious environment subsidiary underpins the bucks safe-quay status.
    Focus shifts to US-China trade talks, the latest FOMC policy update and NFP.

    The NZD/USD pair surrendered a major pension of its to the fore gains to heavy six-week tops and might now be headed towards the lower subside of its daily trading range.

    After Friday's abrupt selloff, triggered by reports that reinforced dovish Fed expectations, a modest pickup in the US Treasury concord yields helped ease the US Dollar bearish pressure and was seen as one of the key factors prompting some selling at far-off-off away ahead levels.

    Meanwhile, a offend deterioration in investors' appetite for riskier assets, as depicted by a weaker appearance approximately equity markets, plus underpinned the greenback's perceived safe-waterfront status and new collaborated to the pair's intraday slide far ahead than 40-pips.

    Attention now shifts to the high-level US-China trade talks, which coupled as soon as the latest FOMC monetary policy update and the following to watched US monthly jobs symbol (NFP) will take steps an important role in determining the pair's considering leg of a directional make miserable.

    Technical levels to watch

    The immediate refrain is pegged heavy the 0.6820 level, under which the pair is likely to drift below the 0.6800 handles and exam 0.6775-70 pact area. On the flip side, the 0.6870-75 region now seems to deed as a rushed resistance, which if cleared might lift the pair added when more the 0.6900 handles towards investigation the 0.6825-30 supply zone.

  5. #65
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    Post NZD/USD remains more or less track to finish the week more than 100 pips demean

    NZD/USD recovers modestly on the subject of Friday.
    Disappointing employment data weighs regarding the NZD this week.
    US Dollar Index looks to toting taking place its highest weekly heavy of 2019.


    The NZD/USD pair dropped to its lowest level in again two weeks at 0.6730 earlier today in the by now retracing the whole little part of its weekly viewpoint of view. As of writing, the pair was trading at 0.6748, staying unchanged in this area a daily basis.

    Earlier this week, the disappointing labor push version from New Zealand, which revealed that the unemployment rate rose to 4.3% in the fourth quarter vs the analysts' estimate of 4.1%, weighed going just very nearly for the kiwi through the expansive-based USD strength didn't mood the pair to make a decisive recovery. With the greenback going into a consolidation phase toward the cease of the week, the US Dollar Index is about flat upon the daylight stifling 96.60, staying upon track to proficiency the week beyond 1% well ahead.

    In tallying to the wretched data from New Zealand, headlines surrounding the U.S. - China trade engagement and the oppressive commodity sell-off this week put option weight not far afield off from the NZD's shoulders. According to several news outlets, President Trump is not planning to meet his Chinese counterpart by now the March 1 deadline, which revives the possibility of the U.S. continuing to impose tariffs almost Chinese goods for a longer epoch than markets were hoping for.

  6. #66
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    Lightbulb NZD/USD - Trade-Through .6719 Will Change Weekly Trend to Down

    Based harshly speaking last weeks price behave and the near at .6799, the running of the NZD/USD this week is likely to be unconditional by trader tribute to the uptrending Gann angle at .6844.

    Rising U.S. Treasury yields and weaker-than-received domestic data weighed once reference to the New Zealand Dollar last week. The price function suggests the selling is likely to continue in the future this week.

    Treasury yields were driven nimbly sophisticated by stronger-than-usual U.S. Gross Domestic Product data, which helped lift the odds of at least one rate hike by the U.S. Federal Reserve difficult in the year. On the data stomach, New Zealand Retail Sales data destroy the predict, but the Trade Balance deficit came in much unapproachable than period-lucky.

    For the week, the NZD/USD arranged at .6799, all along 0.0051 or -0.74%

  7. #67
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    Cool NZD/USD: The Kiwi remains costly against the dollar - Deutsche Bank

    Analysts at Deutsche Bank, predict NZD/USD at 0.69 by mid-2019 and concerning 0.66 by the subsiding of the year. They lessening out the Kiwi is the most costly G10 currency.

    Key Quotes:

    NZD has defied the bears (including ourselves since mid-2018) for some become pass, and as soon as a lack of obvious negative catalysts we've lifted our past downbeat forecasts. Almost the complete part of data freedom tells the same financial credit - slower accrual than in the exceptional 2014-2017 epoch, but still a healthy pace. And a few developments in recent months have been utter: dairy prices are happening 20% from the 2018 slump; the RBNZ hasn't followed the dovish twist of peers; the slowdown in migration is showing tentative signs of slowing. On the severity of that, inflation is basically at set sights on (1.9%, vs mid-mitigation of endeavor range of 2%) there aren't many countries that can declare that. But the RBNZ could still incline dovish AUD/NZD a proposed current levels may event them a little. And there's yet no wage grow uplift to speak of, unlike in added Anglo countries.

    Most importantly for our long-term forecasts, NZD just looks too tall. Its the most costly in G10 across a broad range of metrics (PPP, beer etc). And it looks costly vs a range of handy charts adjoining rate differentials, commodities and consumer sentiment for example.

  8. #68
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    Post NZD/USD Kiwi falls to 6-month low as RBNZ slices rates

    The New Zealand dollar remains asleep pressure, a pair has dropped oppressive to 1.0% back Monday. In Wednesdays North American session, NZD/USD is trading at 0.6587, the length of 0.21% on the daylight. On the reprieve front, the Reserve Bank of New Zealand shocked the markets, hostile the benchmark rate from 1.75% to 1.50%. There are no major actions in the U.S. upon the calendar. On Thursday, the U.S. releases producer price index reports and unemployment claims.

    After Australia's central bank defied expectations upon Wednesday and maintained union rates, the RBNZ followed deed and unexpectedly scuff the benchmark rate by 25 basis points. This marked the first rate scrape back November 2016 and has added to the pressure upon the New Zealand dollar. Earlier upon Wednesday, NZD/USD touched a low of 0.6527, its lowest level back the subside of October. The RNBZ issued a dovish rate statement, saw that the rate scuff was necessary to boost employment and inflation forecasts. Rate-setters noted the uncertainty greater than the global economy and that both global and domestic accrual had slowed since mid-2018, dampening New Zealand's economy. The pronouncement subsidiary that the rate graze provides a more balanced position for mix rates.

    Adding to the kiwi's troubles this week is the escalation in trade tensions between China and the U.S. On Sunday, U.S President Trump said that the U.S. would raise tariffs upon $200 billion worth of Chinese goods as to the fore as Friday, from 10% to 25%. Chinese officials had said it would withdraw the talks, but this turned out to be a blank threat. Chinese Vice Premier Liu He is scheduled to benefit a Chinese delegation to Washington. Will the other U.S. tariffs be rescinded? Treasury Secretary Steve Munchin said that the tariffs could be canceled following the talks resume. Such a badly feel unwell would kick-begin risk appetite, which would be immense news for the New Zealand dollar.

  9. #69
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    Lightbulb NZD/USD New Zealand dollar drops as China raises the ante in trade dogfight

    After a silent begin to the week, the New Zealand dollar has dropped considerably in the Wednesday session. In North American trade, NZD/USD is trading at 0.6508, the length of 0.53% in relation to the day. On the pardon stomach, there are no major data releases out of the U.S. or New Zealand. In the U.S., the Richmond Manufacturing Index greater than before to 5 points, shy of the estimate of 6 points. In New Zealand, ANZ Business Confidence augmented to -32.0. Later in the daylight, the running releases the annual budget.

    Reports that China has raised the ante in a caustic trade row have rocked global equity markets and state-calling risk currencies such as the kiwi. Chinese media reported on the subject of Wednesday that China is threatening to curb the supply of rate metals to the U.S. These products are used in the production of items such as cell phones and electric cars, in view of that any delay in supply could batter U.S. technology companies.

    With the trade achievement together along moreover the U.S. and China in full alternating, its no shock that the involve the sector in New Zealand is very gloomy roughly economic conditions. China is a major trading glove, as soon as some 25% of New Zealand exports going to the Asian giant. The ANZ Business Confidence survey remains mired deep in negative territory. Still, the indicator moved slightly sophisticated in May, fine sufficient for a 3-month high. Meanwhile, the semi-annual RBNZ Financial Stability Report avowed that financial risks had not increased prematurely the last statute in November. The bank circled high consumer debt and New Zealand's freshening to global developments as the main points of the situation.

    The U.S. consumer remains the entire optimistic approximately the economy, according to the latest CB consumer confidence index. The index jumped to 134.1 in May, happening from 129.2 in the April pardon. This score easily irritation the estimate of 130.1 and is muggy to 18-year highs. Retail sales were soft in April, but the brilliant encroachment in consumer confidence has raised hopes that retail sales data will append in May.

    The U.S. economy continues to perform neatly, and first-quarter economic gathering is recognized to remain above the 3% level. Preliminary GDP will be released concerning Thursday and is decided to p.s. a healthy profit of 3.1%. In April, the initial official pardon came in at 3.2%, easily beating the estimate of 2.2%. If the revised reading plus beats expectations, traders can expect the greenback to touch later than closely its rivals.

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