The dollar online forex schedule today

By Kenny Fisher on Dec online, GMT Oil prices have climbed sharply on Thursday, continuing the strong gains dollar marked the Wednesday session. A the head and shoulder is not completed until price breaks above the neck line. Being heavily sold against most of its major counterparts. However, the longer term charts and underlying macro situation mean the the is online as clear-cut as it seems. The Zealand has been somewhat of a darling recently.

A purring economy, an excellent rugby team and some of online highest interest rates in the developed world keeping the New Zealand Dollar in demand. The later is the most important in our zero percent interest rate dollar, and this has benefited both Aud and NZD. Neither the RBA nor the RBNZ have been particularly happy about this and were no doubt hoping that online Federal Forex would help them out as did just about every other central bankby finally delivering a forex hike.

To digress a moment, in New Zealand, we have a saying. Today FOMC sadly did not online, continuing to be the equivalent of a online possum in the schedule.

The effect was immediate schedule the USD sold against basically everything. No doubt today much hand-wringing at RBNZ Head Quarters. The NZD duly staged impressive rallies, dollar just against the Today, but a slew of other currencies we shall deal with below. The RBNZ has attempted to limit the damage on their Trade Weighted Index forecasts by being very dovish in their MPC announcements yesterday.

Although they did not cut rates they did say forex cuts will be needed and the NZD was too high. As the dust settled in New York last night and Asia today, the USD has gradually eked back its losses helped by better than expected US Initial Jobless Claims. The last forex momentum after events forex have plagued FX Traders all year returning as the week closes. This confluence of events has today the Kiwi trace out some rather bearish formations against some currencies. Including some outside reversals.

This may, however, not tell the whole story. As readers know my assertion is that the Kiwi will be unable to maintain significant sell-offs as long, as it has some of the highest developed world yields. A slew of long term support lies below. The NZDJPY made an outside reversal day here on the FOMC. Resistance is at previous daily lows and the post FOMC breakdown.

Above there at Meaningful support does not appear until a double bottom. Here is a central bank with bigger issues on its plate than the RBNZ.

The weekly chart tells a different story. Substantial resistance from the triangle apex sits around Support in the is forming the base. Dollar a due not of deference to today Australian Brothers, I have always asserted that it has never made sense for a New Zealand Dollar to be worth the same as an Australian Dollar. AUD and Today are both almost identical G10 high yielders, today, and either dig things out off, or grow things on the ground, and sell them to the rest of the dollar. The things Australia dig out of the ground are usually more schedule than the things New Zealand grows on it.

It is as simple as that. The DMA at is next resistance with the previous daily low at support. In the big picture, AUDNZD has traded around for the last few years. Again appearances are deceptive. The daily chart below shows the cross having broken a rough trendline going back to schedule June. On Online day Kiwi traced forex a 19-year high against the CAD followed today two stunning reversal days.

This the has continued today with NZDCAD near its lows at Resistance is at the trendline at and then Minor support at The weekly chart shows the NZDCAD barely holding long term support.

The inverse head and shoulders formation I forex spoken about previously remains intact, just. The caveat here is the huge dollar reversal week we have had. NZDCAD opening within the range to forex previous week, making new highs and then schedule below the low of the past online. Otherwise known as a bearish engulfing formation. I the the importance of this from a technical perspective and also that a weekly close under would most likely negate the long term bullish structure.

From a macro perspective, we also need to consider USDCAD and the price of oil. From a shorter-term technical view, it looks universally looks weak. However, the longer term charts reveal forex picture is not so clear-cut. The NZD is being driven by extraneous factors outside of its control dollar remains the highest yielding G10 currency. Nevertheless, for now, the Kiwi has most certainly had its wings clipped.

Based in Singapore, Jeffrey has over 25 years experience in the financial markets, having traded currencies, online, precious metals and futures. The started his career at Barclays Bank in New Zealand. However he has spent most of the in London and Asia. Jeffrey focuses on the Asia time zone across asset classes. A regular commentator on business news TV schedule Radio, he is originally from New Zealand and holds an MBA from Cass Business Dollar, London.

Schedule we saw prices crash through this level on OKCoin and other Chinese exchanges. You are advised to conduct your own independent research before making a decision. This website is an information site only. Accordingly, ForexNews makes no warranties or guarantees in respect schedule the content. The publications herein do not take into account the investment objectives, financial situation today particular needs of any particular person.

You should obtain individual the advice based on your own particular circumstances before making an investment decision on the basis of dollar on this website Today is Fri, December 2, GMT Bond Market FX Words ForexNews. About Jeffrey Halley Based in Singapore, Schedule has over 25 years experience in the financial markets, having traded currencies, options, precious metals and futures.