- FX Empire•11 hours ago
NZD/USD Forex Technical Analysis – June 25, 2019 Forecast
Based on the early price action, the direction of the NZD/USD is likely to be determined by trader reaction to the downtrending Gann angle at .6652. This is the last potential resistance angle before the .6682 and .6686 main tops.
- FX Empire•yesterday
NZD/USD Forex Technical Analysis – .6581 Controlling Direction This Week
Based on last week’s close at .6588, the direction of the NZD/USD this week is likely to be determined by trader reaction to the support cluster at .6581. This is formed by a combination of an uptrending Gann angle and the short-term pivot.
- FX Empire•2 days ago
AUD/USD and NZD/USD Fundamental Weekly Forecast – RBNZ to Leave Rates Unchanged in July, Next Cut in August
On Wednesday, expect the Reserve Bank of New Zealand to leave interest rates unchanged, while reiterating its easing bias and highlighting the risks to global growth. The RBNZ could also express concerns about rate cuts in the United States and Australia since they will have an impact on the value of
- FX Empire•2 days ago
NZD/USD Forex Technical Analysis – Primary Upside Target Zone .6633 to .6668
Based on Friday’s price action and the close at .6588, the direction of the NZD/USD on Monday is likely to be determined by trader reaction to the short-term 50% level at .6583.
- FX Empire•7 days ago
AUD/USD and NZD/USD Fundamental Daily Forecast – RBA Minutes Signal More Easing; NZ Consumer Sentiment Slips Again
We’re not expecting too much movement ahead of the Fed’s interest rate and monetary policy decisions on Wednesday. Both the AUD/USD and NZD/USD are expected to remain under pressure because the Reserve Bank of Australia and the Reserve Bank of New Zealand are expected to cut interest rates in the near
- FX Empire•8 days ago
AUD/USD and NZD/USD Fundamental Daily Forecast – Investor Indecision Ahead of Fed Policy Decisions
The concern for traders is not likely whether the Fed cuts rates or not at the June meeting, but how dovish it comes across for cuts in July or September. The market has been driving Treasury yields lower due to uncertainty over trade and geopolitics, the economy has been steady to weaker. Fed policymakers
- FX Empire•11 days ago
NZD/USD Forex Technical Analysis – June 14, 2019 Forecast
The short-term range is .6481 to .6682. Its retracement zone at .6582 to .6558 is controlling the near-term direction of the Forex pair. Trading below this zone is helping to give the NZD/USD a downside bias. This zone should be considered resistance.
- FX Empire•12 days ago
What is happening on the AUD and NZD?
Overnight, traders received the data from the Australian job market.
- FX Empire•16 days ago
AUD/USD and NZD/USD Fundamental Weekly Forecast – Interest Rate Differential Driving Direction
Early in the week, we’ll be watching the reaction by Treasury traders to the news of the postponement of U.S. tariffs against Mexico that were supposed to start on Monday, June 10. This could ease pressure on the economy and encourage long bond investors to take profits. Since they move inverse to bond
- FX Empire•17 days ago
NZD/USD Forex Technical Analysis – In Position to Challenge Retracement Zone at .6710 to .6764
Based on Friday’s price action and the close at .6664, the direction of the NZD/USD on Monday is likely to be determined by trader reaction to the downtrending Gann angle at .6634.
- FX Empire•19 days ago
AUD/USD and NZD/USD Fundamental Daily Forecast – Traders Keying on Interest Rate Differential
Ultimately, the direction of the AUD/USD and NZD/USD on Thursday will be determined by the direction of U.S. Treasury yields. This is because traders primarily follow the interest rate differential between U.S. Government bond yields and Australian and New Zealand Government bond yields.
- FX Empire•23 days ago
AUD/USD and NZD/USD Fundamental Weekly Forecast – RBA to Cut Benchmark Rate, but How Many More to Follow?
The RBA is expected to cut its benchmark rate by 25 basis points to 1.25%. Traders aren’t too worried about this rate cut because it has been telegraphed for weeks. The key question is how many more rate cuts will follow.
- FX Empire•26 days ago
AUD/USD and NZD/USD Fundamental Daily Forecast – Showing Resilience Despite Reports of “Escalating Trade Tensions”
The markets have been peppered with negative news all week, culminated with the so-called “veiled threat” by China to withhold the exportation of rare earth metals. CNBC left that story up on its webpage all day as if trying to scare investors, but the markets were resilient. There was no escalation
- FX Empire•26 days ago
NZD/USD Forex Technical Analysis – Pivot at .6521 Controlling Price Action
Based on the early price action, the direction of the NZD/USD on Thursday is likely to be determined by trader reaction to the short-term pivot at .6521.
- FX Empire•28 days ago
AUD/USD and NZD/USD Fundamental Daily Forecast – Could See Further Short-Covering if Treasury Yields Continue to Plunge
We’re anticipating heightened volatility in both the AUD/USD and the NZD/USD as the situation developments throughout the rest of the year. We’re likely to see waves of selling related to RBA and RBNZ dovish activity, and potential waves of buying or short-covering if the U.S. economy starts to turn
- FX Empire•29 days ago
EUR/NZD 1.7085-1.7100 is the POC Zone for Bulls
The EUR/NZD has been supported above the important level. EU Parliamentary elections had no effect on EUR crosses so the focus is on the NZD fundamentals. As the EU trade balance continued to expand positively last week, we did see flash manufacturing continued to contract in Germany, along with its
- FX Empire•29 days ago
NZD/USD Forex Technical Analysis – Trend Down, but Momentum Up After Closing Price Reversal Bottom
The main trend is down according to the daily swing chart, however, momentum shifted to the upside following the May 23 closing price reversal bottom at .6481 and the subsequent confirmation of the chart pattern on May 24.
- FX Empire•last month
AUD/USD and NZD/USD Fundamental Weekly Forecast – Concerns Over Weakening U.S. Economy Driving Short-Covering Rally
Traders should note that the reversals to the upside are being fueled by position-squaring and short-covering, and not a change in policy by the RBA and RBNZ. Therefore, the rally is likely to be short-lived and likely to last until investors make the necessary adjustments to the possibility of a Fed
- FX Empire•last month
NZD/USD Forex Technical Analysis – May 24, 2019 Forecast
Based on yesterday’s closing price reversal bottom and close at .6522, the direction of the NZD/USD on Friday is likely to be determined by trader reaction to yesterday’s high at .6527.
- FX Empire•last month
NZD/USD Forex Technical Analysis – May 23, 2019 Forecast
Based on the early trade, the direction of the NZD/USD the rest of the session will be determined by trader reaction to the long-term downtrending Gann angle at .6489. The main trend is down according to the daily swing chart. The nearest downside targets are the October 16, 2018 main bottom at .6465
- FX Empire•last month
NZD/USD Forex Technical Analysis – May 21, 2019 Forecast
Look for the downtrend to continue at a pace of .001 per day as long as the NZD/USD remains under this level. Crossing to the weak side of the downtrending Gann angle at .6509 will indicate the selling pressure is getting stronger. This could trigger an eventual break into .6465 and .6424.
- FX Empire•last month
NZD/USD Forex Technical Analysis – Trend Down, but Time May Be Right for Short-Term Counter-Trend Move
Based on last week’s price action and the prolonged move down in terms of price and time, the direction of the NZD/USD this week is likely to be determined by trader reaction to last week’s low at .6513. Taking out .6513 then recovering last week’s close at .6514 will put the NZD/USD in a position to
- FX Empire•last month
AUD/USD and NZD/USD Fundamental Weekly Forecast – Heightened Volatility, Early Strength Due to Surprise Aussie Election Results
Over the short-run, the AUD/USD could get a boost from the election results, but gains are likely to be limited and prices could fall further because of the weakening economy and the expected rate cut.
Trend Online•last monthTrump scatena timori di guerra commerciale, NZD richiesto
Sorpresa… Trump scatena timori di guerra commerciale By Peter Rosenstreich C’è preoccupazione per le sanzioni economiche USA contro Huawei e le ricadute sui negoziati commerciali. La Cina ha comunicato ...
- FX Empire•last month
AUD/USD and NZD/USD Fundamental Daily Forecast – Weak Australian Employment Data Will Raise Odds of Rate Cut
Last week, RBA Governor Philip Lowe made it clear a further improvement in the labor market was needed to get the economy rolling again toward its full potential.
