Market Recap The significant upside surprise in US job opening numbers for August (9.61 million vs 8.8 million expected) prompted another negative session in Wall Street overnight, with a resilient labour market deemed to be providing more room for the Federal Reserve (Fed) to keep rates high for longer. US Treasury yields continued with their
Share: The Reserve Bank of New Zealand is expected to keep the Official Cash Rate unchanged at 5.5% in October. The RBNZ, with little room for surprises, may offer little help to the weak NZD/USD currency pair. The New Zealand Dollar shows a bearish tilt against the US Dollar after being rejected from
In this video, I take a look at the NZDUSD and outlines the key technical levels in play heading into the new trading week starting October 2, 2023. This article was written by Greg Michalowski at www.forexlive.com. لینک منبع : هوشمند نیوز
The AUDUSD and the NZDUSD have similar technical stories to tell. Each has seen up-and-down price action over the last 5-6 trading weeks. Each has its 100 and 200 bar moving averages on their 4 hour charts near the middle of the trading ranges. In trading today, each are moving above the moving average levels,
Share: NZD/USD rebounds from a daily low of 0.5919 to 0.5977, driven by improved risk appetite and a softer US Dollar. Mixed US economic data and hawkish yet cautious remarks from Fed officials fail to bolster the Greenback, with the DXY slightly up at 105.47. Upcoming economic indicators, including Consumer Confidence and Core
US: The Fed left interest rates unchanged as expected. The macroeconomic projections were revised higher as the economy showed much stronger resilience than expected and the Dot Plot showed that the majority of members still expects another rate hike by the end of the year with less rate cuts in 2024. Fed Chair Powell reaffirmed
In the view of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, NZD/USD is now likely to trade within a range bound theme. Ke لینک منبع : هوشمند نیوز
Share: The NZD/USD reversed its course and fell towards 0.5930, after reaching a high of 0.5985. The US Dollar strengthened on the back of rising US yields after the Fed’s hawkish pause. The Fed kept rates at 5.25-5.50% as expected. The bank reduced projections of 100 bps of rate cuts in 2024 to
Share: Kiwi holding near the middle, set to finish Friday near where it started. Market flows are firmly in the hands of the US Dollar. Risk sentiment getting limited knock-on positive support from upbeat China outlook. The NZD/USD is set to finish Friday on a slight downstep, trading into the 0.5900 level and unable
US: The Fed hiked by 25 bps as expected and kept everything unchanged at the last meeting. Fed Chair Powell reaffirmed their data dependency and kept all the options on the table. The US CPI this week came in line with expectations, so the market’s pricing remained roughly the same. The labour market displayed signs
