This week’s Forex markets have been highlighted by low volume and tight ranges, leading to the formation of consolidation patterns in many of the major currencies.
New Zealand Dollar
Fundamental and technical analysis of the New Zealand Dollar/U.S. Dollar (NZD USD).
Bad Trade Surplus Number Sinks NZD USD
The NZD USD is under pressure overnight after a government report showed that May’s trade surplus was smaller than estimated.
U.S. Dollar Mixed after Bearish Jobs Data Report
The U.S. Dollar is trading mixed this morning showing weakness against the Japanese Yen, Swiss Franc and Euro as Forex traders absorbed employment data showing the U.S. economy added...
Aussie, Kiwi Rise on Improved Economic Outlooks
Improving economic outlooks for Australia and New Zealand have put both currencies in a position to close higher for the week for the first time in a month.
Commodity-Linked Currencies Not Reacting Yet to Stronger Metals
Higher commodity prices led by rallies in Gold and Silver are not helping the commodity-linked currencies this morning. Earlier in the trading session, it looked as if the Australian,...
Forex Traders Working to Figure Out IMF News Impact
U.S. Dollar looks strong on the opening. The focus will be on the Euro and how traders react to the arrest of the IMF chief this week-end in New...
FOMC Decision Should Not Change U.S. Dollar’s Downtrend
There is not much change in the currency markets overnight ahead of the start of the Federal Open Market Committee’s two-day meeting.
NZD USD Chart Indicates Plenty of Room on Downside
Following a prolonged rally in terms of price and time since the NZD USD bottomed at .7114 on March 17, the market may be setting up for a sharp...
U.K. Inflation Surge Triggers USD GBP Rally
The GBP USD jumped overnight on renewed talk of an interest rate hike by the Bank of England. Traders reacted positively to the news that the Office for National...
Euro Likely to Break to 1.3733
The Euro continued to erode following its closing price reversal top earlier in the week. Downside momentum helped drive the Euro closer to the retracement zone at 1.3732 to...
U.S. Dollar Gets Boost from Flight-to-Safety Buying
Flight-to-safety buying could be the theme today if conditions continue to escalate in the Middle East, particularly Libya. Overnight the U.S. Dollar moved higher against most major currencies as...
Dollar Falls against Most Majors; Risk appears to be Back On
The U.S. Dollar fell against most major currencies in overnight trading as investor appetite for ...
U.S. Dollar Edges Up Ahead of Jobs Report
The U.S. Dollar is trading slightly better against most major currencies ahead of this morning’s ...
Chinese Manufacturing Data Pressures Greenback
The U.S. Dollar is under pressure against most major currencies this morning following a rebound ...
U.S. Dollar Mixed; Likely to Trade Rangebound
The Greenback is trading mixed this morning as investors prepared for next week’s U.S. Federal ...
New Zealand Dollar developing Bearish Bias
Falling demand for commodity-linked currencies continued to keep the pressure on the NZD USD on ...
Greenback Rebounds after Earlier Setback
The U.S. Dollar mounted a turnaround during the New York session, driving it higher against ...
U.S. Dollar Mixed as Jobs Data Offers No Insight into Fed’s Next Move
The U.S. Dollar is trading mixed at the mid-session after the Non-Farm Payrolls Report failed ...
U.S. Dollar Pares Losses; Posting Gains versus Swissy, Loonie and Kiwi
The U.S. Dollar is paring its earlier losses against the major currencies at the mid-session ...
NZD USD Mounts Strong Turnaround; Bulls Set Sights on .7395 Main Top
Overnight the NZD USD was trading lower amid news of a decline ...
