The New Zealand dollar is in positive territory on Wednesday, as the currency looks for its first winning session since April 20th. The New Zealand labour market remains robust, as confirmed by the Q1 employment report. The unemployment rate remained at a record low of 3.2%, matching expectations. Employment growth fell to 2.9%, (3.1% exp.), which was down from...
The misery continues for the New Zealand dollar, which is down almost 1% on Thursday. NZD/USD has fallen below the 0.65 level and has plunged 6.54% in the month of April. ANZ Business Confidence was unchanged in April, with a reading of -42.0. That means close to half of New Zealand businesses are pessimistic about the economic outlook over the next 12 months....
The RBNZ came out swinging on Wednesday, as it hiked the Cash Rate to 1.50%, with an oversized hike of 50-basis points. Ordinarily, a sharp rate hike by a central bank would prop up the local currency, but that was not the case today. The central bank seemed to hit the right buttons to show its hawkish stance, with its largest rate hike since April 2000....
⛔️ None of the important data for the NZD will be released this week. The most important INDICATOR DATA for JPY is not yet released. But the New Zealand Central Bank meeting, one of the most important EVENTs for the New Zealand dollar, is set to take place next week. ⛔️ NZD FEATURE is currently down a bit. The main reason for that is because MARKET RISK OFF. ...
The New Zealand dollar has extended its losses on Thursday and dropped below the 69 line. In the North American session, NZD/USD is trading at 0.6887, down 0.42% on the day. The hawkishness of the FOMC minutes was not a surprise, given that the markets had heard this from Fed members George and Brainard a day earlier. Still, a hawkish Fed that is accelerating its...
Price is at a critical resistance level! The 0.68600 level needs to be cleared for the price to target the next high which happens to be the psychological resistance of 70 Cents. Looking at the main daily chart, the descending channel although violated, has not really been broken. The resistance at 0.68600 is preventing this from being a reality. Once the daily...
I anticipate the price to correct on Weekly time frame during March 2022. Correction during March may form sell setup formations.
This week on Tuesday, EUR/NZD dropped below the long-term trendline support ahead of RBNZ rate decision and monetary policy. RBNZ expects a rise official cash rate from 0.75% to 1.00%. Despite a sharp downside in the global equity space on further escalating military tensions between Ukrainian and pro-Russia separatist/Russia forces and continued Russia/NATO...
The New Zealand Dollar gained after the RBNZ raised interest rates to 1% form 0.75% in February. On the 4-hour chart, GBP/NZD confirmed a close under a bearish Double Top I have been closely following since last week: www.dailyfx.com This may hint at reversing the uptrend from November, with immediate support as the 38.2% Fibonacci retracement at...
The Reserve Bank of New Zealand helped the NZD/USD to fresh month highs back above 0.6750 as they raise interest rates to 1.0% from 0.75%. Importantly they also had a hawkish statement which has helped underpin the squeeze and with Covid and Ukraine War fears subsiding an improving risk appetite will also help push the NZD back to 0.6890 and potentially 0.7000 in...
EURNZD seems very correlated with SP500, wich makes me thinking that if the 4300 level is the bottom for stocks, we may see a reversal in EURNZD, especially given that RBNZ is more hawkish than ECB.
The New Zealand dollar has extended its losses on Friday, after five straight losing sessions. NZD/USD is currently trading at 0.6823, down 0.45% on the day. Risk apprehension is sharply lower in the markets today, as a Covid variant which has spread in South Africa is causing concern around the world. Two cases of the variant were detected in Hong Kong today...
As widely expected, we see a further tightening of monetary policy from the Reserve Bank of New Zealand (RBNZ) during the meeting on Wednesday. But the decision did not gain any positive market reaction for the New Zealand dollar as the 0.25% hike in interest rate had already been priced in. It was a 0.50% hike that the market was yearning for. Once the market did...
Hi, Ethan here. I'm going to analyze EUR against the New Zealand Dollar. Given the raised interest rates up to 0.25% according to market expectation, New Zealand Dollar gets under pressure. I think there are a lot of bullish drivers for the New Zealand Dollar, and this decline in NZD is an opportunity for the long side. so, we can sell EUR/NZD at this level, with...
Hi, Ethan here. I'm going to analyze EUR against the New Zealand Dollar. Given the raised interest rates up to 0.25% according to market expectation, New Zealand Dollar gets under pressure. I think there are a lot of bullish drivers for the New Zealand Dollar, and this decline in NZD is an opportunity for the long side. so, we can sell EUR/NZD at this level, with...
Hello Traders! A high conviction trade is in the table, anything around 80.200 region is very good. Place stops below the supply zone. Take profit at the highs. Fundamental Drivers New Zealand Dollar (NZD) Fundamental Bias: Bullish 1. The Monetary Policy outlook for the RBNZ At their Oct meeting, the RBNZ delivered on expectations to raise the OCR to...
Successful retest of daily order block - likely reversal to UPSIDE. According to the latest CFTC COT data hedge funds are the most bullish on NZD (even more so than the AUD) - hedge funds have greatly increased long exposure to NZD.
Hello Traders! We approached a significant support area and having a strong fundamental and seasonal upside bias for the New Zealand Dollar against the Japanese Yen. Enter at market is possible manage risk below the support area. Fundamental Drivers: New Zealand Dollar (NZD) Fundamental Bias: Bullish 1. The Monetary Policy outlook for the RBNZ: At their Oct...