New Zealand Dollar (NZD)

With lingering questions on how much of an impact China's reopening will have on the global economy, there's likely to be increased focus on leading economic indicators from the country. Foremost among them are PMIs, since they are the…
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The current NZDUSD chart shows a cycle zigzag pattern, which consists of sub-waves a-b-c. After the cycle correction was b ended, we then saw the development of a cycle wave c. It has the form of an ending diagonal consisting of primary…
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China is experiencing an uptick in covid cases, so it's not surprising that this will have an impact on the economy. The question is, how much? This is particularly relevant for commodity currencies, like the AUD and NZD which rely on…
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There is a pretty solid consensus that the RBNZ will move to raise rates once again by 25 basis points at their next meeting. This could weigh a bit on the stock market, but the currency could continue getting stronger. Global interest in…
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GBPUSD attempts to rebound The sterling consolidates as BOE officials stress due to inflationary pressure from a tight labor market. So far, rebounds have been an opportunity for trend followers to sell into strength. The pound is…
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On Friday, Asian equities closed higher in hopes that the Chinese government is nearing or at the end of its regulatory crackdown. The new regulations are part of an effort to address the excess debt around the housing industry. But that…
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AUDUSD breaks lower The Australian dollar softened after a dovish RBA stressed that inflation was still too low to hike soon. The pair has met stiff selling pressure near last July’s high of 0.7550. While sentiment has turned…
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