New Zealand Dollar (NZD)

Over the weekend, RBNZ's Chief economist Ha insisted that Auckland's latest outbreak of covid cases is not a "game-changer". Admittedly it provides some uncertainty, but the main takeaway was to double down on Orr's comments from…
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Last night, the RBNZ decided to leave the OCR at its current level. But, by then, most of the market reaction had already happened. The situation in New Zealand is a microcosmos of what the "new normal" in the markets is, and the…
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NZDUSD's structure looks set to complete yet another leg down to finalize a double zigzag pattern. The complex structure began at $0.7766 high on February ’21. Since then it formed a correction that could end closer to the 0.618%…
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NZDUSD tests major support The New Zealand dollar struggles as the RBNZ postpones its rate hike against expectations. The pair had failed to push above the supply area near 0.7100 from the daily chart. The RSI’s double top was a…
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US 30 hits all-time high on stimulus The Dow Jones sets a new record supported by an unwavering stimulus. The passage of the trillion-dollar infrastructure bill in the US Senate is a clear message to the market that liquidity will…
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On Wednesday, the RBNZ will have its regular policy meeting. This is considered an "interim" meeting since it won't include a Monetary Policy Statement (MPS). Generally, the Reserve Bank prefers to make policy changes accompanied by a…
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Generally, Australia and New Zealand's currencies move almost in lock-step. This is thanks to the large amount of trade between them and their general similarity. But so far this month, their currencies have diverged by almost 2%. That's…
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Next month's policy meeting of the RBNZ is going to be pivotal because we can expect a policy change announcement. In the world of central banks, that means that in tomorrow's meeting, the bank is likely to hint at what the announcement…
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New Zealand PM Jacinda Ardern has received near-universal praise for how her government has handled the COVID outbreak. Now we're expecting to get some comparable figures to see the real impact on the economy. Both the RBNZ and BOC…
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Analysts are expecting some good news out of the next major data from New Zealand. However, it's not as likely to move the market directly as much as it would have in the past. And that's not just because everything is being drowned out…
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