The New Zealand dollar fell today despite positive domestic macroeconomic data released during the current trading session. Stats NZ reported that the number of building consents rose 5.7% in February from a year ago on a seasonally adjusted basis. The number of consents for new townhouses, flats, and units reached a 23-year high. The indicator showed no change in the prior month. NZD/USD slipped from 0.7211 to 0.7191 as of 10:16 GMT today. EUR/NZD … “NZ Dollar Even as Building Consents Climb to Multi-Year Record”
Author: admin_mm
AUD/NZD: Betting On 1.04-1.11 L/Term Range To Hold A Profitable Strategy? – NAB
The Australian dollar has been suffering against the greenback of late. But what about its trade against the New Zealand dollar? Here is their view, courtesy of eFXnews: NAB Research discusses AUD/NZD medium-term outlook and expects its 1.04-1.11 long-term range to hold in the medium-to-long term. “Since 2014, the cross has traded within a 1.04-1.11 range … “AUD/NZD: Betting On 1.04-1.11 L/Term Range To Hold A Profitable Strategy? – NAB”
EUR/USD Declines on Positive Revision of US Q4 GDP Data
The EUR/USD currency pair today declined to new lows after an upward revision of the US Q4 GDP data by the Bureau of Economic Analysis. The pair’s decline started in the late Asian session as the greenback gained ground against the euro despite the positive German GfK consumer confidence print for March. The EUR/USD currency pair lost over 80 points to decline from a high of 1.2421 in the Asian session to a low of 1.2335 in the early American session. The pair’s … “EUR/USD Declines on Positive Revision of US Q4 GDP Data”
NZ Dollar Mixed After Consumer Confidence Release
The New Zealand dollar was mixed today after the release of the consumer confidence report. The ANZ Business Confidence slipped from -19.0 in February to -20.0 in March. The report was not entirely negative, though, saying: Belying the headline measures somewhat, all key activity indicators improved further, albeit while remaining well off their cycle highs. Furthermore, the report added: Our composite growth indicator, which combines … “NZ Dollar Mixed After Consumer Confidence Release”
Euro Declines on Dovish ECB Comments amid US Dollar Rebound
The euro today declined significantly against the US dollar following dovish comments from a member of the European Central Bank‘s Governing Council. The euro’s decline was further accelerated by the greenback’s recovery following a significant decline in Monday’s trading session. The EUR/USD currency pair had lost over 80 points to decline from a high of 1.2477 to trade at a low of 1.2391 at the time of writing. The dovish comments from ECB Governing Council member Erkki … “Euro Declines on Dovish ECB Comments amid US Dollar Rebound”
Japanese Yen Falls as Market Sentiment Improves, Pares Losses Later
The Japanese yen fell against its rivals intraday as the market sentiment was improving. While the currency retained its losses versus the US dollar, the yen has managed to erase the drop against most other peers by now. As for Japan’s macroeconomic data, it was somewhat mixed today. The Bank of Japan core Consumer Price Index rose 0.8% in February from a year ago, the same as in January, while analysts had expected … “Japanese Yen Falls as Market Sentiment Improves, Pares Losses Later”
Pound Jumps on Interest Rate Hike Outlook
The Great Britain pound rallied today on the outlook for an interest rate hike from the Bank of England in May. Negative domestic macroeconomic data did not hurt the currency much. Traders were counting on a May hike as Britain’s economy was working on all cylinders, as was proven by last week’s employment report. Yet some analysts argued that with the hike priced in the currency needs another supporting factor to maintain its rally. … “Pound Jumps on Interest Rate Hike Outlook”
New Zealand Dollar Climbs on Risk Appetite, Economic Data
The New Zealand dollar rallied today as fears about trade wars eased as the United States and China started negotiating about a trade agreement. New Zealand macroeconomic data released overnight turned out to be better than expected, adding to the upward momentum of the currency. The New Zealand trade balance turned from a deficit of NZ$655 million in January to a surplus of NZ$217 million in February. That was a surprise to economists as they were expecting … “New Zealand Dollar Climbs on Risk Appetite, Economic Data”
London Capital Group Review
London Capital Group Review See what our users say about London Capital Group Review Do you suspect fraud? London Capital Group Review Background Many of today’s forex brokers inundate you with a flood of promotions and innovative features that do little more than confuse and distract. Londoncapitalgroup.com (LCG) is not one of those brokers. On … “London Capital Group Review”
Henyep Capital Markets Review
Henyep Capital Markets Review See what our users say about Henyep Capital Markets Review Do you suspect fraud? Henyep Capital Markets Review Background If you are in the market for a high-class brokerage firm that has been around for ages and does not have the need to impress you with claims of greatness, then HYCM.com … “Henyep Capital Markets Review”