NZD/USD seesaws around 0.6400 amid mixed trade signals from US/China

NZD/USD halts the previous recovery as latest headlines from the US and China doubt latest risk-on sentiment.
Markets remained on the front foot mainly due to the absence of further trade war.
A lack of data could keep traders focusing on the trade news.

Anil Panchal FXStreet

Despite recovering most of its losses from the fresh multi-year lows on the previous-day, the NZD/USD fails to extend the run-up as it trades near 0.6400 at the start of Tuesday’s Asian session.

Media reports that the US President Donald Trump didn’t mean to formally push the US-based organization to exit China, irrespective of his Friday’s tweets, and Chinese Vice Premier Liu He’s comments showing readiness to have a calm trade negotiations with the US initially triggered the risk-on and pulled the Kiwi back from its multi-year low on early Monday.

The sentiment carried after the US President said Chinese authorities called him and showed readiness to for further talks.

Elsewhere, Japan also offered signal a trade deal with the US while promising more agricultural products’ imports without the US offering anything in return. Further, France also signed an agreement to agree on removing the IT barriers for US tech companies.

Hence, receding fears of an additional trade war triggered risk recovery on the previous-day. However, comments from China’s Global Time’s Chief Editor Hu Xijin doubting President Trump’s claim of Chinese call and showing China’s readiness to confront the US pressure questioned further improvement in market sentiment.

While the US-China headlines will keep entertaining traders, the US Consumer Confidence and Richmond Fed Manufacturing Index numbers will be the key to follow for fresh impulse.

Technical Analysis

The 10 and 21-day simple moving averages (SMA), around 0.6410 and 0.6463 respectively, limit pair’s immediate upside ahead of highlighting June month low of 0.6487. Alternatively, 0.6360 and 0.6341 can entertain sellers before pushing them to September 2015 bottoms surrounding 0.6240.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

EUR/USD eases to four-week lows near 1.1650

EUR/USD now loses further momentum and recedes to multi-week lows near 1.1650 on Thursday. The pair’s extra retracement comes on the back of the persistent bid tone in the US Dollar as investors continue to gear up for the release of the December NFP figures on Friday.

GBP/USD: Further weakness could challenge 1.3400

GBP/USD remains under unabated selling pressure on Thursday, slipping to fresh three-day lows around 1.3415 in response to further improvement in the sentiment surrounding the Greenback ahead of Friday’s key NFP data.

Gold bounces back to its comfort zone

Gold now manages to regain some balance, fading its earlier pullback to the proximity of the $4,400 region per troy ounce and reshifting its attention to the $4,450 zone on Thursday. The yellow metal’s move lower comes in response to a better tone in the Greenback and the generalised recovery in US Treasury yields.

Crypto Today: Bitcoin, Ethereum, XRP extend decline as ETF outflows pose headwinds

Bitcoin struggles with selling pressure as institutional investor sentiment deteriorates. Ethereum hangs onto the 50-day EMA lifeline amid growing overhead risks and the resumption of ETF outflows.

2026 economic outlook: Clear skies but don’t unfasten your seatbelts yet

Most years fade into the background as soon as a new one starts. Not 2025: a year of epochal shifts, in which the macroeconomy was the dog that did not bark. What to expect in 2026? The shocks of 2025 will not be undone, but neither will they be repeated.

XRP slides as institutional and retail demand falters

Ripple is trading down for the third consecutive day on Thursday amid escalating volatility in the cyrptocurrency market. After peaking at $2.41 on Tuesday, its highest print since November 14 amid the early-year rally, XRP has quickly ran into aggressive profit-taking.