NZD/USD climbs near the 0.6800 figure amid a risk-on market sentiment By christianborjon NZDUSD CentralBanks Fed Macroeconomics
e Banking Committee on his renomination bid. At the time of writing, the NZD/USD is trading at 0.6790.improved since the beginning of Chair Powell’s hearing, with US equity indices gaining between 0.15% and 1.01%. In the meantime, the US dollar shed its weekly gains, down 0.28%, sitting at 95.718.
In the bond market, US Treasuries fall, with the 10-year T-bond note fall to 1.768%, a headwind for the greenback.Federal Reserve Chief Jerome Powell said earlier at his appearance at the US Senate Banking Committee that the US central bank would use its tools to get inflation to the bank’s target. Powell said that “If we have to raise interest rates more over time, we will.
An absent New Zealand economic docket left the NZD/USD pair leaning on US Fed speaking and market sentiment dynamics.said he penciled three hikes on December’s meeting on Tuesday. Furthermore, coincided with his colleagues, Cleveland and Kansas City presidents Loretta Mester and Esther George, respectively, that the balance sheet should be reduced sooner than later.is neutral-downward biased. The 4-hour simple moving averages with a bearish slope, confluence around the 0.
In the event of breaking above the area mentioned above, NZD bulls would challenge the 0.6800 figure, which once broken would expose the January 5 daily high at 0.6837, followed by 50-DMA at 0.6872. On the flip side, the NZD/USD pair’s first line of defense would be the 0.6700 figure. A break under that figure exerts downward pressure on the pair. The following support would be October 2020 cycle lows around 0.6553.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
NZD/USD clings to modest gains around 0.6765-70 area, upside seems limitedThe NZD/USD pair traded with a mild positive bias and held steady above mid-0.6700s through the early European session, albeit lacked any follow-throu
Les mer »
USD/CAD fades bounce off monthly low near 1.2650 on firmer oil prices, tepid sentimentUSD/CAD fades bounce off monthly low near 1.2650 on firmer oil prices, tepid sentiment By anilpanchal7 USDCAD RiskAppetite Oil Inflation Coronavirus
Les mer »
NZD/USD falls back to 0.6750, eyes last week’s lows as kiwi struggles amid safe-haven flowsNZD/USD has dipped back to the 0.6750 level in recent trade and has recently been probing last week’s lows in the 0.6740 area. At present, the pair tr
Les mer »
USD/CAD, USD/JPY, GBP/JPY: Sentiment SnapshotThe bearish trend and retail positioning are at odds with each other - as generally witnessed. As a result, USD/CAD may continue to trend lower. Get your market update from RichardSnowFX here:
Les mer »
EUR/USD: Bears eye 1.1300 as USD rebounds amid inflation fearsEUR/USD remains on the back foot around 1.1340-35 as traders pare the biggest daily jump in a month during early Monday morning in Europe. The major c
Les mer »
US Dollar Forecast: CPI Data Risks Souring Emerging Market Sentiment, CurrenciesThe US Dollar outperformed against some of its ASEAN counterparts to start off 2022. Gains were seen against the Singapore Dollar, Thai Baht, Indonesian Rupiah and Philippine Peso. Get your market update from ddubrovskyFX here:
Les mer »