The combination of hawkish Fed speak and firmer inflation has seen the US dollar strengthen overnight. But we're interested in shorting the Kiwi dollar against it, given yesterday's lower forecasts for 2 and 3-year inflation forecasts by RBNZ. It should be noted that RBNZ hold their monetary policy meeting on Wednesday February the 22nd, and there has been call...
The New Zealand dollar is slightly lower on Tuesday. NZD/USD declined over 0.50% earlier but has pared most of these losses and is trading at 0.6240, down 0.20%.
The Reserve Bank of New Zealand will meet on Wednesday, its first policy meeting this year. The Bank last met in November, at which time it hiked rates by a record 75 basis points, bringing the cash rate...
The New Zealand dollar has started the week in positive territory. In the North American session, NZD/USD is trading at 0.6357, up 0.76%.
It has been a long break for the Reserve Bank of New Zealand, which last met in November. At the meeting, the central bank delivered a record 75-basis point hike, bringing the cash rate to 4.25%. The rate statement noted that...
The New Zealand dollar continues to gain ground this week. In the North American session, NZD/USD is trading at 0.6267, up 0.35%.
New Zealand will release retail sales for Q3 later in the day. The markets are expecting a small gain of 0.5%, which would be a turnaround from a disappointing -2.2% in Q2. Consumers continue to struggle with high inflation and rising...
NZDUSD looks to have taken out resistance capped just below 0.6230, which may set the stage for upward extension toward resistance in the 0.6352-0.6469 zone. Reclaiming a foothold below 0.6150 now seems necessary to neutralize near-term upward pressure.
Prices were relatively staid after November's RBNZ announcement registered on the hawkish end of expectations -...
If the RBNZ hike by 75bp tomorrow in line with the consensus, it will be their first hike of this magnitude on record. It would also mean they have to upgrade their terminal rate of their OCR projection, which could be deemed as a hawkish hike by markets and send NZD higher against other currencies. Of course, this also leaves the Kiwi dollar to weakness should...
The NZD/USD has been on an uptrend since mid-October. However, this rally may be on a temporary halt as the pair hits the upper trend line on its downward channel, as shown below in the daily timeframe chart. For now, the long-term downtrend, since the start of the year, is still intact and could signal a possible reversal for the short-term rally for the New...
On Friday, the NZDUSD traded with significant volatility as the price surged strongly to the 0.62 resistance level but failed to break above, ending the trading week at the 0.6150 price level.
Early in the trading session today, the NZDUSD is trading lower with the potential to reach the 0.61 support level.
Look for the NZDUSD to break the 0.6120 interim price...
I think the Kiwi offers a tremendous reward to risk ratio on the short side here. The situation with persistent inflation and rising energy prices is certainly a headwind for the economy, combined with Powell's increased determination as per his last speech at Jackson Hole, has helped bears gain ground here, triggering both a daily and a weekly down trend...
As China reaffirmed its commitment to its zero-corona strategy, dashed hopes for an economic revival that may increase global demand, the New Zealand currency declined below $0.59, erasing gains after a robust surge.
China has said that it will continue to impose restrictions in the interim. Naturally, that raises the possibility of a possible adjustment as...
Price is testing the support for the 4th time, such as MACD.
We can see the columns in MACDS indicator losing power, and the line crossing each other.
About candles we've a three inside up after testing the support, show us a bullish signal.
And to conclude the Reerve Bank of New Zeland says "economy will slow as rising rates curb consumption", the houses...
NZD/USD is showing some strength today. In the North American session, the New Zealand dollar is trading at 0.5838, up 0.41%. Earlier today, NZD/USD rose to 0.5902, its highest level since September 21st.
New Zealand releases its Q3 employment report on Wednesday. The data is expected to reaffirm that the labour market remains robust. Employment Change is...
To strip out the effects of the Fed we can take a look at the moves in AUD/NZD, both bolstered by risk-on sentiment. In this pair, the 25bps hike from the RBA is clearly seen as the bank underdelivering on its mandate to bring inflation back to its 2% target, a clear divergence from the RBNZ so far. The bank is due to meet on November 23rd and markets are...
NZD/USD started the day with gains but has reversed directions and is sharply lower in the North American session. The New Zealand dollar is trading at 0.5657, down 1.38%.
As expected, the Reserve Bank of New Zealand delivered a 0.50% hike, bringing the benchmark to 3.50%, its highest level since 2015. The RBNZ has now hiked rates at eight consecutive meetings...
The New Zealand dollar continues to rally. In the European session, NZD/USD is trading at 0.5746, up 0.43%.
The Reserve Bank of New Zealand holds a meeting on Wednesday. The RBNZ has been aggressive with its rate tightening and is expected to raise rates by 0.50%, which would bring the cash rate to 3.50%, the highest since 2015. Governor Orr has hinted that the...
The weekly down trend signal in $AUDNZD expires next week, this means a potential reversal can be setting up. At the same time, the daily chart is basing and can flash a bullish signal in a day or more. I'll be watching this pair closely in the coming days, after today's close in particular. The recent bout of #NZD strength courtesy of RNBZ's hawkishness has...
The New Zealand dollar continues to show volatility this week. In the North American session, NZD/USD is trading at 0.6182, down 0.48%, erasing all of Tuesday's gains.
Later today, New Zealand releases retail sales for the second quarter. The markets are expecting a strong rebound of 1.7%, after the Q1 reading of -0.5%. The release is expected to reflect pent-up...
