Posts Tagged ‘kiwi’
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New Zealand’s Dollar Slumped The Most in Seven Weeks

by Forex Rooton July 16, 2014 8:06 am GMT
New Zealand’s consumer prices rose 1.6 percent in the second quarter from a year earlier, less than the 1.8 percent increase. The central bank has raised its benchmark rate by 75 basis points, or 0.75 percentage point, this year to 3.25 percent, the highest among major developed nations. New Zealand’s dollar slides most in seven […]

Trading NZDJPY Ahead of the NZ Trade Balance

by Christopher Lemieuxon June 26, 2014 9:04 pm GMT
The kiwi has been a favorable carry trade against the US dollar, gaining 3.4 percent this month, given that major central banks are keeping their benchmark interest rates at record low levels. The strengthening economy in New Zealand has caused the Reserve Bank of New Zealand to begin increasing their key benchmark rate. This policy […]

GBPNZD Triangle Breakout Looming

by Christopher Lemieuxon June 25, 2014 9:57 pm GMT
The pound-kiwi is offering a few opportunities as it is trading within a triangle on the daily chart. Price action is weakening on the supporting ascending trend line, and key moving averages are supporting a bearish breakout. The daily 20 EMA is on the verge of closing below the 50 and 72 EMA, which could […]

NZDUSD Stabilizes While Dairy Prices Pose Risk

by Christopher Lemieuxon May 26, 2014 3:00 pm GMT
The kiwi has stumbled since reaching .8778 on particularly solid fundamentals and consecutive rate increases from the Reserve Bank of New Zealand (RBNZ). The recent demand in the US dollar has dampened trader sentiment against risk currencies, which has picked up at the end of last week on positive housing data. “We are overdue for some continued […]