Posts Tagged ‘NZD/USD’

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New Zealand Dollar and Agriculture

The Australian and the New Zealand dollar are commodity currencies. In this video, you will learn about how agriculture plays a key role in the economic growth and controls the value of the kiwi. New Zealand exports commodities such as milk, wool, meat, etc. to Asian countries. It is seen as a shopping place for many developing countries for products related to dairy industry. For example, look at this chart. There are 3 lines shown […]

Investors Disappointed with Ordinary Powell Speech

The US dollar closed the North American trade on Friday in the red, following the speech from Federal Reserve Chairman Jerome Powell. The policy maker defended the central bank's intention to raise interest rates despite criticism from Donald Trump. Nevertheless, dollar bulls are disappointed as Jerome Powell spoke about gradual monetary tightening. Analyzing remarks of the Fed's leader, traders are in no hurry to buy the US currency. So, the US […]

USD Being Sold Ahead of Powell Speech

The US dollar index closed the North American trade, touching a 2.5 week low. The US currency has been weighed down by critical comments from Donald Trump about the Fed's hawkish stance on monetary policy. Besides, market participants are anticipating lower level trade talks between the US and Chinese officials. In the Wall Street session, the US dollar index fell below 95.20, where it entered a consolidation stage. […]

USD Halts Its Rally

The US dollar's rally came to a halt after the Wall Street trade had closed. The rally was trapped by the news from Washington. Donald Trump softened his stance on China's investment in the US. The President backed away from a threat to target directly China's investors. The US leader said on Wednesday that he wants the Congress to strengthen the mandate of the Committee on Foreign Investment in the US to spot violations of US intellectual property rights by China's […]

USD Could Extend Gains Today

The US dollar held steady against a basket of currencies after overnight gains. The escalating trade conflict between the US and China remains the main source of market turbulence. The parties of the trade dispute have not made any sensational statements today, but investors are braced for any unpredictable development. Beijing has already warned all China's officials to get ready for a full blown trade war. The cautious sentiment among investors […]

Rising Yields of US Treasuries Prop Up USD

In the Asian trade, the US dollar rebounded to an almost 11-month high against a basket of currencies, supported by rising yields of US Treasuries. Today, the USD/JPY pair recovered to 110.60. Investors put aside their concerns about a trade dispute between US and China, shifting focus to macroeconomic events. Apart from Treasuries, the US dollar found support from a speech of Jerome Powell at the annual ECB symposium in Sintra. The Fed Chair confirmed the readiness […]

USD Picking Up Steam

The safe haven yen failed to retain the interest of investors and gave in to the US dollar in the Asian trade. The USD/JPY pair rose above 110.00. Investors have shrugged off fears about a looming trade war between the US and China. Meanwhile, yields of the US Treasuries are gradually climbing that provides the US dollar with support. Nevertheless, demand for risky assets is still low. For example, the New Zealand dollar is still […]

USD Hits Fresh High of 2018

On Monday, investors cheered the news that the US and China may be putting an end to a month-long trade dispute. US Treasury Secretary Steven Mnuchin said on Sunday that Trump's administration was able to put the trade war with China on hold. Last week, the two countries made a deal, but they did not specify details. On the other hand, a US trade representative said that the US may still resort […]

USD Extends Strength Against Asian Rivals

Though the US dollar index is still trading under pressure, the US currency gained ground against its rival currencies in the Asian trade. The USD/JPY pair is trading at 109.88. Experts say the Japanese yen has lost favor with investors. However, market participants are in no hurry to choose a trading instrument to buy, monitoring macroeconomic data. Japan's current account surplus widened to 3.12 trillion yen in March […]

USD/JPY and NZD/USD Forecast — November 27th 2017

In this video, the Trader Guy looks at the currency pairs USD/JPY and NZD/USD for the November 27th session. USD/JPY — As you can see that, we did rally a bit and found this area here, of interest. I think at the 112.00 level, we have a lot of exhaustion just waiting to happen. So, if we roll over, I think it is a selling opportunity down to 108.00. Now, on the other hand, if we can […]