NZD/USD continues to move higher on Friday and rises to a two-month high Uncertainty over the next Fed rate hike keeps USD bulls on the defensive. The risk-positive tone also appears to cap the USD and benefits the risk-sensitive NZD. The pair NZD/USD extends this week’s strong bullish move and gains traction for the fifth […]
Tag: NZDUSD
NZD/USD rises towards 100 DMA on US inflation showing signs of slowing
NZD/USD advanced for the second day in a row, rising 3.03% on the week. The US PPI for July rose 9.8% annually, lower than estimates and last month’s reading. Initial claims for jobless benefits in the US increased for two consecutive weeks, indicating that the labor market is moderating. The NZD/USD rises above the 100 […]
NZD/USD remains defensive below 0.6300 level, lacks continuation selling
NZD/USD moves lower on Tuesday, although the decline remains supported amid a softer dollar. Recession fears and US-China tensions appear to act as a headwind for the risk-sensitive NZD. Falling US bond yields keep dollar bulls on the defensive and should help limit deeper losses in the pair. The pair NZD/USD has difficulty taking advantage […]
NZD/USD breaks above 0.6300 helped by weaker US dollar
Monday’s risk appetite favors the Kiwi. US dollar erases NFP gains, DXY falls towards 106.00. NZD/USD is supported by the 20-day SMA. The NZD/USD is rising on Monday, although it trimmed gains during the last few hours. The pair reached a high of 0.6303 and then pulled back to 0.6280. It’s positive ground for the […]
NZD/USD Price Analysis: Bears Approaching Key Support Territory
NZD/USD falls sharply after US NFP report. Price stays testing a familiar group of daily support. The NZD/USD has fallen after the rally in the US dollar on Friday due to a surprising result in US labor market data. Nonfarm payrolls in the US rose by 528,000 in July, according to data released by the […]
NZD/USD recovers from one-week low amid weaker dollar
NZD/USD rebounds from 1-week low hit in reaction to mixed New Zealand jobs report. A positive tone in the markets offers support for the kiwi. Recession fears and comments from Fed officials limit USD decline. The pair NZD/USD it rises back above 0.6250 during the European session, paring some of its losses on Tuesday, which […]
NZD/USD weakens further below the 0.6300 level
NZD/USD sees fresh selling on Tuesday and breaks a four-day gain streak to hit a multi-week high. Cautious market sentiment puts pressure on the risk-sensitive NZD amid a modest USD rebound. Diminishing odds of aggressive Fed rate hikes and falling US bond yields could cap dollar gains. Investors are turning their attention to US job […]
NZD/USD falls after US PCE suggests more Fed rate hikes are needed
The NZD/USD will end the week with a minimal gain of 0.36%. Sentiment in currency markets deteriorated on news that US PCE is approaching the 7% threshold. NZD/USD Price Analysis: With a neutral bias to the downside and could head towards 0.6100 in the short term. The NZD/USD retreats from four-week highs around 0.6328, towards […]
NZD/USD hits 6-day lows below 0.6200 ahead of FOMC decision
The dollar regains strength during the American session, remains in the recent range. The FOMC will announce its decision at 18:00 GMT. NZD/USD is approaching the key support at 0.6185/90. The NZD/USD It broke below 0.6220 and fell to 0.6196, hitting a six-day low. The pair maintains a negative bias ahead of the FOMC statement […]
NZD/USD trims weekly gains but remains around 0.6220
NZD/USD loses almost 0.12% on Thursday; up 1% on the week. Risk appetite momentum fails to push NZD/USD higher as traders’ focus shifts to the Fed in the week ahead. The US labor market has started to slow down, as has the housing market, as data released for the week disappointed expectations. On Thursday, the […]
