FX:NZDUSD   New Zealand Dollar / U.S. Dollar
New Zealand's CPI             rose a higher-than-expected 0.2% in the third quarter. Annual inflation was also 0.2%. The market had forecast the CPI             to be unchanged for the quarter, with an annual rise of 0.1%. That compared to 0.4% in the prior quarter.
Housing-related prices were the main upward contributor to the annual rate, up 3.2% on the year. This was offset by transport prices, as prices for fuel and vehicle relicensing fell.
New Zealand's central bank is mandated to keep annual inflation in a 1-3% band, with a focus on the midpoint. It is widely expected to cut rates by 25 basis points to a record low 1.75% on November 10 as inflation remains well below target. However, today’s CPI             reading lowers the likelihood of a further cut in 2017.
We got long at 0.7110 yesterday. Daily RSI is biased up, so further gains look likely. The October 14 low acts as a support. Our NZD/USD             long target is 0.7290.
GrowthAces.com - Daily Forex Trading Strategies
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out