NZD/USD Struggles as RBNZ Hike Bets Dim. Australian Retail Sales, Chinese Data Near
The New Zealand Dollar is struggling to gain strength after traders cut RBNZ rate hike bets this past week. Today offers potential event risk through China's industrial profits and Australia's…
Read More »Relief rally after full blown selloff
Overnight Headlines *USD pulled back form the March high at 93.43, lower this morning *US stocks dropped below key SMAs before pulling back *Vix spiked close to 30, currently trading…
Read More »New Zealand Dollar Forecast: NZD/USD Eyes China Credit Risk After PSI Miss
The New Zealand Dollar is off to a weak start as APAC trading commences. It's a busy week ahead, with several central bank decisions on tap, but Chinese real estate…
Read More »New Zealand Dollar Outlook: NZD/USD Drops on US Dollar Bids, Wall Street Losses
The New Zealand Dollar fell going into Friday's APAC session after risk aversion took hold in the US trading session. Safe-haven US Dollar bids weighed on NZD/USD.
Read More »Powell prolongs stimulus punchbowl
Overnight Headlines *USD broadly weakened and is below trendline support *US stocks closed mostly at record highs post Powell’s dovish tone *Gold benefitted form a softer dollar and gained 1.4%…
Read More »ECB and PEPP in focus
USD is gaining for a fourth straight day today, after moving modestly higher yesterday. EUR found support at the mid-August high and 50-day SMA around 1.18 ahead of the ECB…
Read More »New Zealand Dollar Forecast: NZD/USD May Fall After Weak Economic Data
The New Zealand Dollar may see some weakness versus the US Dollar after data showed that electronic card spending fell in New Zealand last month as Covid lockdowns hit consumption.
Read More »Stock markets buoyant
Overnight Headlines *USD quiet over US holiday, steady near lows *US stocks were closed, European shares climbed to near record levels *RBA sticks to taper decision, but commitment on pace…
Read More »Later Fed taper in play
Overnight Headlines *USD near 1-month low, hit by disappointing NFP *US stocks were mixed with tech outperforming *Oil extends losses after deep cuts to Saudi crude prices for Asia *Gold…
Read More »12th record high for S&P500…this month!
Overnight Headlines *USD printed a “doji” yesterday and is selling off this morning *US stocks closed mostly at record highs for a second day *Oil prices extended their climb after…
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