How NZD is acting today , a swing zone exists between 0.6915 and 0.69204. The NZDUSD has been trending lower for the whole of the London session, aiming for a swing zone between 0.6915 and 0.69204. Buyers appeared near the…
Continue ReadingThe market has maintained its calmer mood in recent days, while COVID-19 concerns are gradually creeping in. For the time being, however, that is insufficient to derail the risk rally/rebound following the decline to begin the week on Monday. European…
Continue ReadingThe market took a break following the rapid and hefty changes seen yesterday, where risk trades were dumped, and it was a quiet session in terms of news. Things were calmer today, as European shares traversed some of yesterday's losses,…
Continue ReadingToday, all eyes will be on New Zealand for the release of Q2 inflation data. The headline CPI increased by 3.3 % year over year and 1.3 % in the first quarter alone. Expectations and market pricing for a Reserve…
Continue ReadingEarlier in the day, the RBNZ took a more hawkish stance, signaling the end of QE and laying the groundwork for rate hikes at the RBNZ's policy meeting next month. The kiwi soared as a result, with the NZD/USD pair…
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