Currency markets begin the week in risk off mode
The currency markets are starting off the week under pressure on growing concerns over the crisis in the euro zone.
Tag Archives: New Zealand Dollar
What is the New Zealand dollar telling traders?
Last week I spoke about the disconnect in the AUD/USD currency pair despite global growth and progress, albeit slower than we would like to see. Nevertheless the trade everywhere has been risk-on.
Fund Friday: income from developing Asia
In the four years since the U.S. Federal Reserve brought rates down to zero, U.S.-based investors are forced to take extra risk and look in less common places to achieve desired income levels. One such place is a closed end fund (CEF) that invests overseas, has a nice current yield and expects to continue a long history of solid performance.
Kiwi gaining support
All we the themes in the currency markets have surrounded the U.S. fiscal cliff from the stand point that the U.S. fiscal cliff can be averted. It this sentiment coupled with positive New Zealand economic data has sent the New Zealand dollar higher against the U.S. dollar. The NZD/USD pair hit a 3 week intraday high of 0.82686 in early trading.
Non-Farm Payrolls playbook update
With a disappointing, lower than expected Non-Farm Payroll report of 115,000, our playbook triggered the Mexican peso suggested trade.
Preview: how to trade the Non-Farm Payroll (NFP) report
Traders are already setting up for Friday’s Non-Farm Payroll (NFP) report due out at 8:30 a.m. EDT. The NFP is the biggest single piece of economic data traders attempt to trade. It’s the Super Bowl of data releases.
Flash forex market update
A quick look at some short term developments and status updates in the currency markets. Sentiment remains going short the USD/CAD and long the USD/JPY.
Using the kiwi to trade the Non-Farm Payroll report
All eyes will be focused on this Friday’s Non-Farm Payroll (NFP) report due out at 8:30 a.m. EDT. As with any major economic release, currency traders will be positioning themselves ahead of the number.
Bears looking at the Aussie dollar for a snack
Traders focus continues to be on euro zone policymakers as they struggle with the region’s debt crisis spreading even further, and fears of what prior agreements may be in jeopardy on the outcome of the French elections. This fear is sending the New Zealand dollar negative for the week as traders sell off riskier assets.
How to use currencies to trade energy
Earlier we talked about the fundamental disadvantages of commodity ETFs. Traders looking to trade crude oil (BNO, quote) and other futures can also look to the Forex market as something of a proxy for the futures.
