NZDUSD

We could be heading into some significant volatility for the NZD later tonight in the lead up to and in the aftermath of the RBNZ interest rate decision. There is an increasing chance that the bank might take action, with this being the… Read More

New Zealand gets an early start to the trading week on Sunday evening with the release of some key consumer sentiment data that can move the markets. Electronic Card Retail Sales is the stand-in for a monthly measure of consumer… Read More

The current 4H formation on NZDUSD hints to a double zigzag pattern consisting of waves Ⓦ-Ⓧ and Ⓨ. The primary degree waves are part of the longer-term cycle labeled w,x,y,x,y. With Ⓦ and Ⓧ having accomplished their directional course… Read More

Two major commodity currency countries will be publishing their employment data. And that routinely shakes up the market a bit! New Zealand is especially interesting since they just finished signing a new trade agreement with their… Read More

Key Data Coming The US dollar has traded higher over the European morning on Tuesday, despite a better tone to risk markets. USD is still deriving some support from Friday’s NFP beat. Looking ahead today, focus is on the US ISM… Read More

Mixed Employment Reports For USD The US dollar has kicked off the new week on a firmer footing. USD index rallied to 97.11 last from earlier lows of 96.99. Friday’s jobs report was mixed, but broadly positive. The headline NFP figure came… Read More

FOMC in Focus The US dollar has been trading lower over the European morning on Wednesday as traders prepare for the October FOMC later today. The Fed is all-but-guaranteed to slash rates yet again with the latest market pricing reflecting… Read More

This is quite a quiet week on the data front from New Zealand. However, there is one major event that could move the currency. Exports are an important part of the economy. So, the trade balance has extra weight on the exchange rate.… Read More

Flat CPI Weighs on USD The US dollar has been a little lower over the final European morning of the week. US CPI data released yesterday saw a 0% change month on month at 1.7% on the headline reading. This, on the back of a dovish set… Read More