Tag Archives: NZD$

27 Feb: Weekly Forecast; FX Crosses

  EURJPY: 118.55 EurJpy continued its recent downtrend at the end of last week, falling to a low of 118.23 – last seen in November – pretty much where it finished. The 4 hour/daily momentum indicators appear to suggest that further losses lie ahead and having now broken cleanly below the 100 DMA (119.40), we could now see… Read More »

24 Feb: Forecast: US$ /Majors

  EURUSD: 1.0581 EurUsd is more or less unchanged today after a choppy session (1.0537/95) leaving the medium term outlook unchanged. The short term momentum indicators still look a little more positive, and on the topside, minor resistance will be seen at the session high ahead of 1.0605/10 and 1.0675/80.  Above here looks unlikely today, but we could… Read More »

9 Feb: RBNZ Unchanged. Article 50 for Brexit triggered. Minor data day may mean another rangebound session.

   Markets were generally rather flat on Wednesday, with stocks stuck in their recent range, although the dollar reversed early gains after coming under pressure from a decline in U.S. Treasury yields as investors priced out a March rate hike by the Fed, amidst the uncertainty over Donald Trump’s economic policies. The main interest was in Gold, which… Read More »