EUR Weathers Storm, Continues Gaining
May 4, 2011 4:38 pm by Greg HoldenThe euro has surprisingly held its ground lately, despite the sell-off during this morning’s Asian trading sessions, which saw a downturn in commodity-linked currencies like the Aussie (AUD), Kiwi (NZD) and Loonie (CAD).
AUD/NZD May See Bullish Reversal
April 6, 2011 6:58 am by Dan EduardOver the last week and a half, the AUD/NZD has experienced a bearish trend that has brought the pair down over 300 pips. Technical indicators are now showing that the pair may be in store for a bullish correction ...
NZ Quake and Technical Pressure Weighing on Kiwi
February 22, 2011 7:30 am by Greg HoldenFollowing yesterday’s earthquake in New Zealand – which some expect will claim upwards of 70 lives – the Reserve Bank of New Zealand (RBNZ) appears poised to reduce interest rates in order to ease concerns. New Zealand stocks also plummeted ...
NZD/USD Tumbles in Wake of New Zealand Earthquake
February 22, 2011 7:00 am by Russell GlaserThe Kiwi was sharply lower following an earthquake that measured 6.3 on the Richter scale and sent buildings tumbling. The NZD/USD is currently testing the 0.7500 support line. A move below this level could trigger further selling to the 0.7350 ...
Is the GBP/NZD Due for a Reversal?
January 5, 2011 10:29 am by Dan EduardWhile the UK pound has been steadily moving up against the kiwi over the last few days, technical indicators are now saying that the trend is likely to end in the near future. Not only is there a bearish ...
NZD/USD Reverses Course, Targets 0.7500
January 4, 2011 6:17 am by Greg HoldenThe US dollar’s decline against most other major currencies yesterday appears to have skipped the Pacific country of New Zealand. The NZD/USD, as will be shown below, actually underwent a bearish session, with many indicators signaling a continuation of this ...
EUR Plummets on Peripheral Debt Concerns
November 9, 2010 5:38 am by Greg HoldenDebt concerns across the euro zone have pushed the EUR back down against its primary rival, the US dollar. Falling from its recent high of 1.4271, the EUR/USD pair now trades below the 1.3900 mark. Irish debt concerns, and other ...
U.S. Durable Goods Orders on Tap
October 27, 2010 9:15 am by Yan PettersThe U.S. dollar entered a bullish trend yesterday for the first time in three months. This was due to speculation that the Federal Reserve will increase debt purchases. The market has reacted positively to the speculations, largely because they feel ...
Japan Intervenes in the FX Market
September 15, 2010 9:04 am by Anton EljwizatThe Japanese Yen experienced one of its most bullish trading days in recent weeks on Tuesday against the USD. The USD/JPY fell as low as 82.97, its lowest level since mid-1995, after Japan’s prime minister won a ruling party leadership ...
NZD/USD Downtrend might be at Its End
August 16, 2010 1:21 pm by Anton EljwizatThe NZD/USD pair has experienced much bearishness in the last few days as it currently trades at 0.7030. The current bearish trend is expected to come to an end anytime soon, and a bullish correction may be in the making. ...
