Looking ahead to what's next, taking questions along the way ...
Looking at what was and what could be for the FOMC minutes and RBNZ.
Gold and the US Dollar are in focus as is the RBNZ, Kiwi and the FOMC minutes.
As announced 2pm NZT, the Reserve Bank of New Zealand had a 50 basis-point rate hike. This has caused a rally in the NZD. See our technical analysis on RSI and expected resistance levels.
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...
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...
Yesterday we expected to see the RBNZ cut rates by 0.25% however they left rates unchanged. The RBNZ also stated they don't see any need to cut rates further at the moment which will likely strengthen to NZD further. This decision saw the NZDUSD price jump and break above Monday's highs. If the price retraces to the Monday highs we could look for a long opportunity.
The RBNZ cut interest rates by 50bps as they weigh up global risks. This did come as a slight shock to the market as we were forecast to see just a 25bps rate cut. The market saw this as a negative and pushed NZDUSD prices through the key lows. We expect to see further downside here in this market and will look for short opportunities on retracements.
In this video update, we take a look at NZDUSD as we expect the RBNZ to cut interest rates. If the RBNZ continues to be dovish and talk of future rate cuts we could see the market test the key lows at 0.64500. In these situations, we often see a reversal as the bigger players could have priced in the rate cut. Price is testing the yearly lows currently and...