Number of traders net-short has increased by 29.83% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI NZD/USD BULLISH 48.80% 51.20% -11.46% Daily -11.81% Weekly 17.50% Daily 29.83% Weekly 1.32% Daily 5.52% Weekly of clients are net long. of clients are net short. Change in Longs Shorts
Share: NZD/USD loses momentum above the mid-0.6000s on Monday. Reserve Bank of New Zealand (RBNZ) is anticipated to hold the Offical Cash Rate (OCR) at 5.50% on Wednesday. US S&P Global Manufacturing PMI dropped to 49.4 vs. 50.0 prior, below the market consensus. RBNZ interest rate decision and US Gross Domestic Product (GDP)
Share: Kiwi’s post-US CPI rally extended this week. Economists at ANZ Bank analyze NZD/USD outlook. US interest rates set to fall more quickly than NZ interest rates in 2024 There have been and will continue to be pullbacks, but more flexible labour markets have meant that the Fed has achieved better progress in
© Reuters. In today’s trading sessions across Europe and Asia, the New Zealand dollar (NZD) experienced a significant surge against the US dollar (USD), reaching a peak near 0.6060. This unexpected rise was primarily fueled by New Zealand’s retail sales data for the third quarter of 2023, which remained unexpectedly flat, countering market forecasts of
Share: The New Zealand Dollar continues cruising higher on broadly positive market sentiment. The Kiwi rises in line with global equities as Oil continues its downtrend and US PMIs come in mixed. NZD/USD ends the week on a high note, rising to within close proximity of the 200-day SMA at 0.6100. The New
Share: The New Zealand Dollar trades higher against the US Dollar but lower versus the Yen on Friday. The Kiwi is supported by a relatively benign outlook for inflation amongst most counterparts. NZD/USD establishes a floor and rebounds, resuming the uptrend from midweek. The New Zealand Dollar (NZD) is trading mixed at the
Share: Economists at ING are bullish on the NZD/USD and are interested in whether the new government changes the Reserve Bank of New Zealand’s remit – a potentially bullish factor for the Kiwi. New government, higher rates? The New Zealand Dollar should benefit like AUD from a gradual optimistic rerating of growth expectations