- FX Empire•yesterday
Technical Checks For EUR/USD, AUD/USD, NZD/USD & USD/CHF: 11.12.2018
Considering a month long symmetrical triangle formation on EURUSD chart, the pair is less likely to register much momentum till it trades within the present range of 1.1305 and the 1.1435. Though, comparative strength of the US Dollar favor brighter chances of the pair’s decline than the otherwise
- FX Empire•2 days ago
AUD/USD and NZD/USD Fundamental Daily Forecast – Uncertainty Over US-China Relations Keeping Lid on Rallies
In my opinion, the single biggest influence on the Aussie and Kiwi at this time is U.S.-China relations. Even a Wall Street Journal article saying the Fed is likely to take a “wait-and-see” approach to future rate hikes failed to bring buyers into the AUD/USD and NZD/USD. Although we’re likely to see
- FX Empire•3 days ago
AUD/USD and NZD/USD Fundamental Weekly Forecast – Traders Focusing On US-China Trade Relations
The direction of the AUD/USD and NZD/USD this week will likely be determined by investor demand for risk. And this is likely to be controlled by U.S. China relations. There are no major reports from Australia and New Zealand this week.
- FX Empire•5 days ago
Technical Outlook For USD/CAD, AUD/CAD & NZD/CAD: 07.12.2018
Even after trading at the highest levels in eighteen-months, the USDCAD has to close beyond 1.3410 on a weekly closing basis in order to aim for 1.3450 and the 1.3500 resistances-levels; however, the 1.3585-1.3600 confluence-region, including upper-line of an ascending trend-channel & horizontal-barrier
- FX Empire•6 days ago
AUD/USD and NZD/USD Fundamental Daily Forecast – Arrest of Huawei CFO Will Affect US-China Trade Negotiations
With Australian and New Zealand Dollar investors focusing primarily on U.S.-China trade relations and a risk-off environment, today’s U.S. economic events may take a backseat. Look for further downside pressure today especially if U.S. equity markets continue to weaken.
- FX Empire•7 days ago
AUD/USD and NZD/USD Fundamental Daily Forecast – Aussie Falls on Disappointing GDP Data
The AUD/USD is under pressure on Wednesday after investors pushed potential rate hikes by the Reserve Bank of Australia further into the future in the wake of disappointing third-quarter economic growth. Economists expect the central bank to keep the cash rate on hold at 1.5 percent until at least the
- FX Empire•8 days ago
Technical Overview of EUR/USD, GBP/USD, USD/JPY & NZD/USD: 04.12.2018
In spite of the EURUSD’s recent recovery, the pair is still left to surpass 1.1430-35 resistance-confluence, comprising 50-day SMA & immediate TL barrier, which in-turn may trigger the quote’s dip to 1.1300 but an upward slanting support-line, at 1.1280, can limit its additional downside
- FX Empire•23 days ago
AUD/USD and NZD/USD Fundamental Weekly Forecast – Cooling U.S. Inflation, Softening Fed Could Underpin Prices
The Aussie and Kiwi strengthened last week because traders perceived the events as a bit dovish, encouraging the need for traders to aggressively adjust short positions. The CPI report, for example, suggested inflation is not overheating and may even be close to slowing down because of the plunge in
- FX Empire•27 days ago
AUD/USD and NZD/USD Fundamental Daily Forecast – Traders Pricing in 40-Percent Chance of Aug. 2019 Rate Hike, Up from 25-Percent
The Aussie Dollar is primarily being helped by the news that traders are now pricing in about a 40-percent chance of a rate hike in August next year, up from 25-percent before the release of the employment data.
- FX Empire•28 days ago
AUD/USD and NZD/USD Fundamental Daily Forecast – Aussie Traders Bracing for Employment Change, Unemployment Rate Reports
Australian Dollar traders are bracing for the release of the Employment Change report at 0030 GMT. It is expected to show the economy added 19.9K jobs in October. The Unemployment Rate is expected to inch higher to 5.1%.
- FX Empire•28 days ago
AUD/USD and NZD/USD Fundamental Daily Forecast – Optimism Over US-China Trade Relations Underpinning Aussie, Kiwi
The AUD/USD and NZD/USD should continue to be underpinned as long as investors remain optimistic over the developments over US-China trade relations. Technical factors could slow down the rally because both Forex pairs are nearing potential resistance areas. A risk-off scenario because of heightened
- FX Empire•29 days ago
Technical Overview of EUR/USD, GBP/USD, USD/JPY & NZD/USD: 13.11.2018
Given the EURUSD’s extended downturn beneath 1.1300-1.1285 support-area, comprising 200-week SMA, the pair is likely to avail the 1.1120 and the 1.1020 rest-points prior to meeting the 1.1000 round-figure. In case the pair continue trading southwards past-1.1000, the 1.0835-25 and the 1.0770 may
- FX Empire•29 days ago
AUD/USD and NZD/USD Fundamental Daily Forecast – Supported by Hope for Progress in US-China Trade Dispute
Despite the long-term pressure from the divergence between the monetary policies of the hawkish U.S. Federal Reserve and the dovish Reserve Banks of Australia and New Zealand, it looks as if the positive trade news about the U.S. and China is likely to drive the price action on Tuesday.
- FX Empire•last month
NZD/USD Forex Technical Analysis – Weekly Outlook: Sustained Move Under .6742 Will Signal Return of Sellers
The hawkish Fed and the retracement zone at .6742 to .6818 combined to stop the rally last week. If the Fed’s hawkish tone continues to drive the price action then the NZD/USD is going to have a difficult time breaking through the zone. This increases the odds of a pullback into the retracement zone
- FX Empire•last month
AUD/USD and NZD/USD Fundamental Daily Forecast – Hawkish Fed Offsets Positive Comments from RBA, RBNZ
Despite the positive outlooks from the RBA and the RBNZ, Aussie and Kiwi gains are likely to be limited because the divergence in their monetary policies with the Fed continue to favor the U.S. Dollar.
- FX Empire•last month
NZD/USD Weekly Price Forecast – New Zealand dollar rallies into resistance
The New Zealand dollar rallied significantly during the week, reaching towards the 0.65 handle. At this point, the market looks to be running into a buzz saw of resistance, in the form of the 0.6750 level.
- FX Empire•last month
NZD/USD Price Forecast – New Zealand dollar at a crossroads
The New Zealand dollar has been very bullish as of late, and it looks as if we are trying to continue the move higher. At this point, it looks as if the commodity currencies are a bit beaten up, and they are trying to make up for lost ground.
- FX Empire•last month
AUD/USD and NZD/USD Fundamental Daily Forecast – RBNZ Stays Dovish, Fed to Maintain Hawkish Tone
The Federal Open Market Committee is expected to leave interest rates unchanged. No major adjustments are expected from the meeting. However, the central bank is expected to maintain its hawkish tone in its statement, signaling a December rate hike.
- FX Empire•last month
AUD/USD and NZD/USD Fundamental Daily Forecast – No Rate Change from RBA, Likely to Maintain Neutral Policy Outlook
We’re expecting a limited reaction to the RBA statement today unless there is a surprise in the central bank’s dialogue. Of particular interest will be the RBA’s inflation and growth expectations. We may even see some commentary on possibly tightening lending requirement which seem to be a concern for
- FX Empire•last month
AUD/USD and NZD/USD Fundamental Daily Forecast – Mild Reaction to RBA Decision Then Flat Ahead of U.S. Elections
Tuesday is mid-term Election Day in the U.S. I don’t expect to see much movement in the NZD/USD during the U.S. session. In fact, traders aren’t likely to start responding to the election results until after the polls close about Midnight GMT. At that time, the projections will start coming into the
- FX Empire•last month
AUD/USD and NZD/USD Fundamental Weekly Forecast – Direction Hinges on Election Results, Trade Deal Discussions
As far as the mid-term elections are concerned, it has been generally accepted that a Republican victory would be good for business. This should be lead to increased demand for higher risk assets. Stocks should rise as well as Treasury yields, which should make the U.S. Dollar a more attractive investment
- FX Empire•last month
AUD/USD and NZD/USD Fundamental Daily Forecast – Aussie Surges on Strong Trade Data, Kiwi Helped by Brexit Development
The rallies in the Aussie and Kiwi were likely long overdue and are probably being fueled by aggressive short-covering and position-squaring since the primary driver of the price action lately has been the divergence between the hawkish U.S. Federal Reserve and the dovish Reserve Bank of Australia and
- FX Empire•last month
NZD/USD Forex Technical Analysis – Strengthens Over .6516, Weakens Under .6493
Based on Wednesday’s price action, the direction of the NZD/USD on Thursday is likely to be determined by trader reaction to the short-term 50% level at .6515.
- FX Empire•last month
AUD/USD and NZD/USD Fundamental Daily Forecast – Weak China PMI, Strong U.S. ADP Report Weigh on Aussie, Kiwi
The weak Australian consumer inflation data likely means the Reserve Bank of Australia is likely to continue to hold rates at current levels. It is not expected to raise rates until 2020. Low business confidence in New Zealand is raising concerns that the Reserve Bank of New Zealand will cut interest
