NZDUSD=X - NZD/USD
| Previous close | 0.669 |
| Open | 0.669 |
| Bid | 0.668 |
| Day's range | 0.668 - 0.669 |
| 52-week range | 0.6426 - 0.7211 |
| Ask | 0.668 |
- FX Empire•6 hours ago
The Aussie and Kiwi Dollar Kick the Week off on the Back Foot
It’s another quiet day for the markets, leaving the Kiwi and Aussie Dollar on the back foot. Expectations are for more policy easing…
- FX Empire•8 hours ago
AUD/USD and NZD/USD Fundamental Weekly Forecast – Aussie Traders Keying on Quarterly Consumer Inflation Data
In Australia, traders will get a chance to react to quarterly consumer inflation data. Better-than-expected data will likely buy additional time for the RBA before it has to finally cut rates. Weak data will likely move up the expected rate cut. Quarterly CPI is expected to come in at 0.2%, down from the previously reported 0.5%. Trimmed Mean CPI is expected to come in at 0.4%, unchanged from the previous reading.
- FX Empire•2 days ago
NZD/USD Forex Technical Analysis – Lower for Year, Trading on Bearish Side of Retracement Zone at .6726 to .6767
Based on the price action the last three sessions and the close at .6687, the direction of the NZD/USD is likely to be determined by trader reaction to the uptrending Gann angle at .6687.
- FX Empire•2 days ago
Weekly Recap – New Zealand CPI Sinks Kiwi; Better China GDP, Domestic Jobs Data Not Enough to Save Aussie
Given the new CPI data, New Zealand economists are now predicting the Reserve Bank will cut its official cash rate from its present record low at 1.75 percent to 1.5 percent in May. Although traders are pricing in an RBA rate cut for later in the year, the employment report may have bought the central bank a little time. The AUD/USD price action suggests that traders may have increased bets the RBA will not rush to ease rates even though the broader economy has seemingly lost momentum.
- FX Empire•3 days ago
Inflation Picks Up in Japan ahead of next week’s BoJ Monetary Policy Meeting
With the major financial markets closed for the day, volumes will be on the lighter side. U.S housing data will be the only numbers for the Dollar to respond to.
- FX Empire•4 days ago
The Economic Calendar Puts the EUR, GBP and USD Front and Center
It’s a busy economic calendar. Weak numbers all round and expect the Dollar to claw its way back…
- FX Empire•4 days ago
AUD/USD and NZD/USD Fundamental Daily Forecast – Weak Australian Jobs Data Could Open Door to RBA Rate Cut
February’s employment report was mixed and in this week’s Reserve Bank of Australia minutes, the central bank didn’t sound too excited about the upcoming report. In the minutes, the RBA said that an uptrend in the unemployment rate would open the door to a rate cut.
- FX Empire•4 days ago
NZD/USD Forex Technical Analysis – Leaning Toward Bearish Side of Major Retracement Zone at .6767 to .6725
Based on yesterday’s close and the current price at .6725, the direction of the NZD/USD on Thursday is likely to be determined by trader reaction to the major Fibonacci level at .6725.
- FX Empire•5 days ago
Monetary Policy – Is Divergence Really Against the Greenback?
The Dollar’s on the back foot following stats out of China this morning. It may not last though if there’s a resolution to the trade war…
- FX Empire•5 days ago
The Kiwi and Aussie Dollar Part Ways, with China Data Supporting the EUR
China data was skewed to the positive. Whilst failing to spur the equity markets, the EUR and the Aussie Dollar benefited.
- FX Empire•5 days ago
New Zealand Dollar Plunges after Inflation Comes Up Short; RBNZ Rate Cut Forecast for May
Traders are now pricing in at least two rate cuts by the RBNZ this year. Capital Economics and Westpac are forecasting the central bank will cut official interest rates by 25 basis points when it next meets in early May.
- FX Empire•6 days ago
NZD/USD Forex Technical Analysis – April 16, 2019 Forecast
Based on the early price action and the current price at .6756, the direction of the NZD/USD on Tuesday will be determined by trader reaction to the 50% level at .6767.
- FX Empire•6 days ago
Earnings and Economic Data to Dictate Risk Appetite Today
Consumer sentiment figures out of Germany and Eurozone and industrial production figures out of the U.S will be in focus later today.
- FX Empire•7 days ago
Forex Daily Recap – The Loonie Climbed A 85pips Within A Span Of Minutes Amid BoC’s Reports
The US-Sino trade concerns to end soon sets the market mood. Greenback rebounded losses on the backdrop of surprising NY April Empire State Manufacturing Index. GBP/USD steadies amid Brexit headlines.
- FX Empire•7 days ago
It’s Risk-On Early, Pinning Back the Greenback in Favor of the EUR
It’s risk-on in the early hours, support the EUR while pinning back demand for the Greenback. Earnings results will be key later.
- FX Empire•8 days ago
AUD/USD and NZD/USD Fundamental Weekly Forecast – Aussie Supported by Positive China Data, Reduced Chance of Rate Cut
In other news out of Australia, Reserve Bank of Australia deputy governor Guy Debelle said “decent” economic growth over the next few months would be enough to prevent the bank from having to cut official rates. Dr. Debelle further added that the bank had enough firepower if required to lower official rates further, but the expectations was that it would be required.
- FX Empire•10 days ago
AUD/USD and NZD/USD Fundamental Daily Forecast – RBA Sees Risks to the Household Sector
In today’s Financial Stability Review, RBA policymakers focused heavily on highlighting the potential threats at home and abroad, while noting that at present there are no imminent dangers. This supports its decision to drop its tightening bias in favor of a neutral stance for the cash rate.
- FX Empire•10 days ago
China Exports Impress with Focus Shifting to Corporate Earnings to Fuel Risk
China trade figures ease some of the market jitters over the economy. The focus will now shift to earnings to support risk appetite throughout the day.
- FX Empire•10 days ago
NZD/USD Forex Technical Analysis – Vulnerable to Steep Break if .6706 Fails
Due to the prolonged move down in terms of price and time, we have to be aware of a possible closing price reversal bottom. We’ve already seen a lower-low today so a higher close will indicate the selling is getting weaker, or the buying stronger.
- FX Empire•11 days ago
A Quiet Day on the Economic Calendar Puts Geopolitics Front and Center
A quiet day on the economic calendar will keep the Pound in focus. Will there be calls for a snap general election?
- FX Empire•12 days ago
AUD/USD and NZD/USD Fundamental Daily Forecast – Positive RBA Official Comments Fuel Massive Aussie Recovery
Much of the Aussie’s gains on Wednesday were triggered after the RBA Deputy Governor Guy Debelle sounded optimistic about the nation’s labor market and said that part of weakness in economic growth was temporary, led by the disruption to resource exports and the effect of the drought.
- FX Empire•12 days ago
Stats, Monetary Policy and Brexit Puts the EUR, USD and GBP in Focus
It’s a busy day ahead. Economic data, the ECB, the FOMC, and Brexit will all be in focus through the day.
- FX Empire•13 days ago
AUD/USD and NZD/USD Fundamental Daily Forecast – Aussie Supported by Weaker Greenback, Higher Iron Ore Prices
Today’s strength is being fueled by better news from Australia on the home financing front. Earlier today, a report showed that lending to owner-occupiers and investors rose in February, but there’s little agreement among economists about what that means for the health of the housing market. Nonetheless, Aussie Dollar traders are reading the number as a positive for the currency.
- FX Empire•13 days ago
USD/JPY Fundamental Daily Forecast – Vulnerable to Falling Yields, Stock Market Weakness
Based on Monday’s performance, the price action is likely to be influenced more by the movement in Treasury yields than the stock market. However, this will change if stock prices drop sharply. If this occurs then look for the Japanese Yen to rally because of safe-haven demand.
- FX Empire•13 days ago
Will the EU Give the GBP a Much-Needed Brexit Boost?
Brexit remains the headline topic for the broader markets. The EUR may have found support early in the week, but Draghi may address that tomorrow.
