- FX Empire•yesterday
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•2 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•2 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•3 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•3 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•5 days ago
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•5 days ago
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•7 days ago
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•7 days ago
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•8 days ago
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•11 days ago
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•11 days ago
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•11 days ago
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•15 days ago
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•16 days ago
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•16 days ago
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
- FX Empire•16 days ago
Technical Checks For Important NZD Pairs: 31.10.2018
Even after bouncing off the 0.6500 round-figure, NZDUSD couldn’t clear the 0.6575-80 resistance-confluence, comprising 50-day SMA & a short-term descending trend-line, which triggered the pair’s pullback towards 0.6500 re-test. In case the pair refrain to respect the 0.6500 mark, the
- FX Empire•16 days ago
NZD/USD Forex Technical Analysis – Weekly Rally Strengthens Over .6611, Weakens Under .6576
Based on this week’s price action, the direction of the NZD/USD the rest of the week is likely to be determined by trader reaction to the 50% level at .6576.
- FX Empire•17 days ago
AUD/USD and NZD/USD Fundamental Daily Forecast – Boosted by Positive Developments in China, Aussie Traders Prepare for CPI Report
The early trade suggests the positive developments in China and the rebound in the global equity markets will be the news driving the price action early Tuesday. Continued strength in the U.S. equity markets will also be a positive for the Aussie and Kiwi because it will indicate increasing demand for
- FX Empire•19 days ago
AUD/USD and NZD/USD Fundamental Weekly Forecast – Focus May Shift to U.S. Non-Farm Payrolls Report
It’s going to be a pretty busy week for AUD/USD and NZD/USD traders. Not only are they going to have to deal with the possibility of heightened volatility in the stock market, but both the U.S. and Australia are poised to release several important economic reports.
- FX Empire•19 days ago
NZD/USD Forex Technical Analysis – Strengthens Over .6516, Weakens Under .6494
Based on Friday’s close at .6521, the direction of the NZD/USD early in the session on Monday is likely to be determined by trader reaction to the short-term 50% level at .6515.
- FX Empire•21 days ago
AUD/USD and NZD/USD Fundamental Daily Forecast – Downside Momentum Puts Aussie in Position to Challenge Multi-Year Low at .6973
The AUD/USD smashed through its October low at .7042 earlier in the session. The building downside momentum has put the Forex pair on course for a possible test of the February 9, 2016 main bottom at .6973. Momentum is also hitting the NZD/USD. However, it has room to go before it reaches its October
- FX Empire•22 days ago
AUD/USD and NZD/USD Fundamental Daily Forecast – Uptick in Demand for Risk Underpinning Aussie, Kiwi
In other news, earlier today, Stats New Zealand reported record imports in September which led to the largest-ever monthly goods trade deficit of $1.560 billion. Analysts were looking for a deficit of $1.365 billion. The previous month was revised better to -1.470 billion.
- FX Empire•23 days ago
Technical Outlook For EUR/USD, GBP/USD, NZD/USD & USD/CAD: 24.10.2018
Break of 1.1430 horizontal-support seems dragging the EURUSD towards 1.1390 but oversold RSI & the 1.1350-45 rest-zone might confine the pair’s downside afterwards. In case Bears refrain to respect the 1.1345 mark, chances of the quote’s plunge to the 1.1300 and to the 1.1280 can’
