New Zealand Dollar Technical Forecast: NZD/CAD, NZD/CHF, AUD/NZD Key Levels
2021-07-08 04:00:00
Thomas Westwater,
Analyst
New Zealand Dollar Technical Forecast
NZD/CAD’s recent swing high confirms bullish Falling Wedge pattern
NZD/CHF’s downward channel may break as technical outlook brightens
AUD/NZD on pace to record a fourth consecutive weekly move lower
NZD/CAD Technical Forecast
The New Zealand Dollar’s technical posture has improved against the Canadian Dollar recently, with NZD/CAD rising 0.87% week-to-date. Price appears to be hitting a resistance level at the 38.2% Fibonacci retracement from the April to June swing high/low. The recent deflection also marks a contact point at a descending resistance trendline stemming from the multi-year swing high back in February.
Gold and Silver Prices May Turn Higher as Long-Term Treasury Yields Stagnate
2021-04-15 03:00:00
Daniel Moss,
Analyst
Gold, Silver, XAG/USD, XAU/USD, US 30-Year Treasuries – Talking Points:
Stagnating long-term Treasury yields could open the door for anti-fiat precious metals to gain ground in the coming weeks.
Long-term technicals continue to remain constructive for both gold and silver.
Anti-fiat gold and silver prices have clawed back lost ground in the month of April, after a tumultuous sell-off in longer-term US Treasuries drastically undermined the precious metals market earlier in the year. There was an expectation that inflation data would drive yields even higher in the near term and in turn intensify the downward pressure on gold and silver, as base effects come into play.
Gold Price Forecast: Long-Term Technical Picture Remains Constructive for XAU/USD dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.
Euro, Australian Dollar Forecast: EUR/AUD May Fall Within Channel as Stocks Hold Up 2021-03-12 03:00:00 Daniel Dubrovsky, Strategist
Euro, Australian Dollar, EUR/USD, ECB, RBA, Stocks – Analyst Pick
Euro at risk vs. Australian Dollar as ECB, RBA downplay bond yields
Majors-based EUR index & EUR/AUD trading within falling channel
A near-term rise may prove to be short-lived as key downtrend holds
The Euro may remain at risk against the growth-linked Australian Dollar as market risk appetite holds generally upbeat. Over the past 24 hours, the European Central Bank stepped up its pandemic emergency purchase programme (PEPP) in response to rising nominal government bond yields. The latter poses a risk to equities as it tends to inspire portfolio reallocations, from large financial institutions to general retail traders.
US Dollar Price Outlook: USD Recovery Hinges on Upcoming Inflation Print 2021-03-10 07:30:00 Daniel Moss, Analyst
US Dollar, Treasury Auctions, Bond Yields, Inflation, Federal Reserve – Talking Points:
Asian equity markets broadly gained during APAC trade as global bond markets stabilized.
Upcoming inflation figures will likely determine the near-term trajectory of the haven-associated US Dollar. Advertisement
Asia-Pacific Recap
Asian equity markets broadly gained during APAC trade, following on from the rally seen in US technology stocks overnight as Treasury yields held recent declines. Japan’s Nikkei 225 nudged marginally higher alongside Hong Kong’s Hang Seng Index, while China’s CSI 300 rose 0.9% on the back of yesterday’s intervention by state-backed funds to limit the index’s recent losses. Australia’s ASX 200 slid 0.84% lower.