简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:The Japanese Yen may gain with weekend Dow Jones futures pointing lower into Mondays session. NZD/USD could fall after the RBNZ announced a bond-buying program to support growth
Japanese Yen, New Zealand Dollar, RBNZ, NZD/USD – Asia Pacific Market Open
Japanese Yen may gain with weekend Dow futures pointing lower
NZD/USD could fall after RBNZ announced bond-buying program
Markets eyeing next U.S. fiscal measures to help economic growth
Yen May Gain, New Zealand Dollar May Weaken on RBNZ easing
The anti-risk Japanese Yen may gain as Monday‘s Asia Pacific trading session gets underway. Weekend Wall Street futures – courtesy of IG – showed the Dow Jones aiming over 2.5% to the downside from Friday’s close. Meanwhile the sentiment-linked New Zealand Dollar is at risk after the Reserve Bank of New Zealand announced further monetary stimulus measures.
Recommended by Daniel Dubrovsky
Forex for Beginners
Get My Guide
The RBNZ is going to implement a $30 billion large scale asset purchase program consisting of New Zealand government bonds across a range of maturities. The Committee judged that these actions were needed to meet inflation and employment objectives amid the coronavirus outbreak plaguing global growth. This program is anticipated to be conducted over the next 12 months and adjustments could be made.
Over the weekend, coronavirus cases in the United States totaled 30,000 with those in New York rising to 15,000. On Sunday, Italy reported 3,957 cases which brought the countrys total to 59,138. Meanwhile countries around the world continued to take measures on social isolation. Germany limited public gatherings to no more than 2 people. In the U.S., states such as Ohio, New Jersey and Illinois limited outside venturing.
Last week, the S&P 500 dipped 15% in its largest drop over 5 days since October 2008. This is as the haven-linked US Dollar rose, trimming some gains on Friday during temporary periods of “risk-on” trade. The markets are eyeing further U.S. fiscal response. There are mixed signals about when a vote on a new stimulus bill could come. The Republican-majority Senate is eyeing Monday as Democrats draft their own bill.
Starts in:
Live now:
Mar 25
( 00:03 GMT )
Recommended by Daniel Dubrovsky
What Do Other Traders Buy/Sell Bets Say About Price Trends?
Register for webinar
Join now
Webinar has ended
New Zealand Dollar Technical Analysis
NZD/USD may be on the verge of resuming losses if prices can close under the 23.6% Fibonacci extension at 0.5686. On the 4-hour chart below, the New Zealand Dollars appears to have closed under near-term rising support from last weeks bottom. That may lead to retest of key support which is a range between 0.5466 to 0.5521. Otherwise, a close above falling resistance from March 11 may see gains accelerate.
NZD/USDMIXED
Data provided by
of clients are net long. of clients are net short.
Change in | Longs | Shorts | OI |
Daily | 13% | -5% | 5% |
Weekly | -14% | 13% | -5% |
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.