NZDJPY - Lower highs highlights a downward bias

Monthly: Consolidation for the last 16 months. We are getting squeezed between the trend of lower highs (at 81.10) and the trend of higher lows (at 75.60). A break of support and we have an AB=CD formation target located at 59.50, just through the 61.8% pullback level of 63.10 (from 43.99-94.00) Weekly:  Previous support is located at 75....

2018-04-19 Ian Coleman Read more
Japan's economic data

The first trading day of the week has no significant economic releases. The global markets are therefore expected to trade in a narrow range throughout the day after a long weekend in the US, and ahead of key economic releases this week. On Tuesday, traders will be looking for many economic releases in Asia, Europe, and the US, which is set to ...

2016-11-28 Nour Eldeen Al-Hammoury Read more
December 18th

There seems to be no respite to the economic indicators in New Zealand as the latest jobs numbers posted disappointing figures. Unemployment rate for the month of July stood at 5.9%, up from 5.8% last month, while on a quarterly basis labour market growth grew at a subdued pace of 0.3%, down from 0.7% previously. The New Zealand economy added...

2017-09-18 John Benjamin Read more
Draghi

The Reserve Bank of New Zealand in its July monetary policy meeting decided to cut interest rates by 25 basis points, bringing the overnight cash rate from 3.25% to 3%. The move was widely expected and was in fact priced in since the last rate cut a month ago. As a result, the Kiwi was largely muted to the news. [caption id="attachment_6018" ...

2015-07-24 John Benjamin Read more
RBNZ

NZDJPY: The Kiwi posted an all time high above 94 in early 2014 and since then has been in a gradual decline. While the currency initially fell rapidly in the early part of this year to form a short term base at 85.37, the bounce from here was short lived as the Kiwi formed a lower high near 92 and eventually broke the previous support near 85.3...

2015-07-23 John Benjamin Read more