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NZDUSD


XM výzkum

Market Comment – Markets perk up as soft PPI sets the tone ahead of US CPI

Stocks perk up after soft US producer prices, all eyes now on CPI report Kiwi slumps after RBNZ cuts rates and signals more to come Pound also slips on weaker-than-expected UK inflation data Gold holds near record high as dollar skids, ME tensions mount Mood brightens ahead of US CPI data The rebound in equity markets gained further traction on Tuesday after US producer prices rose less than expected in July, raising hopes that today’s report on consumer prices will also sur
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Technical Analysis – NZDUSD hits a wall at the 200-day SMA

NZDUSD had been in a recovery mode since early August But 200-day SMA rejects advance after dovish RBNZ meeting Oscillators deteriorate, yet remain neutral-to-positive NZDUSD had been steadily regaining ground since the beginning of the month after finding its footing near the previous 2024 low of 0.5851 registered in April. However, the rebound paused at the 200-day simple moving average (SMA), with the bears getting aided by a dovish RBNZ rate decision on Wednesday.
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Technical Analysis – NZDUSD at key resistance area ahead of the RBNZ

NZDUSD continues to climb higher Strong reaction following the recent correction Momentum indicators are turning bullish NZDUSD is trading higher again today, recording its ninth green candle in the past 11 sessions and cancelling out almost completely the recent correction. The overall sentiment has improved following last week’s rout with the market now focusing on the RBNZ meeting held during tomorrow’s Asian session.
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Market Comment – Stocks edge up in calm before the storm

Stocks edge higher as gold benefits from geopolitical risks Pound rallies despite shock claimant count change French political issues return to the foreground RBNZ meeting could lead to significant kiwi underperformance Stocks edge higher as gold climb continues  It was another uneventful session yesterday with most stock indices continuing to recover from last week’s rout.
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Will the RBNZ start cutting rates sooner than later – Preview

RBNZ could keep interest rates steady but signal easing sooner rather than later Economic picture shows signs of stress but no red flags yet NZDUSD approaches 0.6060-0.6080 resistance territory   NZ employment data sway rate cut bets Q2 employment data from New Zealand exceeded the forecasts, leading to a reevaluation of rate cut expectations and a subsequent bullish movement in NZDUSD.
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Week Ahead – US CPI to test market nerves, RBNZ might cut rates

Market turmoil has eased, but will US CPI stir things up again? Crucial week for sterling as UK CPI, GDP and retail sales on the way The RBNZ is edging closer to a rate cut, but will it be next week? Japanese GDP, Australian jobs and Chinese data eyed too US economy worries take front and centre The panic about the US economy being on the verge of a recession has mostly eased but markets remain jittery.
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Market Comment – Sentiment improves after drop in US jobless claims

US dollar gains as data ease further recession concerns Aussie benefits the most, also helped by RBA’s Bullock Wall Street rebounds, oil and gold gain as well   Jobless claims drop the most in nearly a year The US dollar ended Thursday mixed against the other major currencies, even though it received a boost from the better-than-expected initial jobless claims for last week.
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Midweek Technical Look – GBPUSD, NZDUSD, Oil

GBPUSD retains bearish bias as key support region comes under the spotlight NZDUSD charts bullish double bottom pattern as RBNZ rate decision awaited  WTI oil futures rotate higher after touching important pivot area  
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Technical Analysis – NZDUSD is a top performer today

NZDUSD exhibits strongest day in three months, backs double bottom formation Technical signals are on the bullish side; crucial resistance seen near 0.6065   NZDUSD rose exponentially by more than 1.0% on Wednesday, becoming one of the best performing major pairs today as stronger-than-expected NZ jobs data trimmed expectations of a 25bps rate cut next week, and safe-haven flows eased.
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Technical Analysis – NZDUSD jumps aggressively higher

NZDUSD records a sizeable green candle today Strong reaction following the recent acute correction Momentum indicators are mixed, bearish pressure weakening NZDUSD is edging aggressively higher today, cancelling out a good part of the recent correction that led to a new 9-month low. The overall positive market sentiment and the stronger labour market data from New Zealand during the Asian session have helped NZDUSD climb higher as the RBNZ is preparing for next week’s rate-settin
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Market Comment – Yen weakens as positive market sentiment lingers

Markets continue to recover led by the Nikkei 225 index BoJ comments result in yen underperformance Light calendar again today, focus on geopolitics Kiwi benefits from strong labour market data The Nikkei 225 index sets the tone for recovery The positive momentum persisted yesterday as the key US stock indices finished in the green, recovering a tad from Monday’s lows.
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Could data open the door to an RBNZ cut next week? – Preview

Market in crisis mode after Friday’s US labour report An RNBZ rate cut could be on the cards if data weakens China’s problems hamper progress in the region Kiwi in desperate need of good data prints Markets in disarray With the market digesting last week’s events, especially Friday’s US labour market report that triggered discussions of a US recession, and the heightened probability for aggressive rate cuts by the Fed during 2024, the focus turns to the Asia-Pacific r
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Market Comment – Dollar plummets as US jobs data spread panic

Disappointing US jobs data push dollar off the cliff Yen extends rally as fears over US economy mount Stocks drop, VIX rallies to levels seen more than a year ago NFP report disappoints, rate cut bets surge The US dollar plunged on Friday after the US employment report for July came in weaker than expected, raising fears about the performance of the US economy and prompting market participants to start believing that the Fed may need to cut interest rates by 50bps at the upcoming
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Week Ahead – RBA and BoJ Summary of Opinions take center stage

RBA decides on policy as hike bets disappear BoJ Summary of Opinions awaited for more hike hints After Fed, dollar turns to ISM non-mfg PMI New Zealand and Canada jobs data also on tap   Will the RBA turn dovish? Following the BoJ, the Fed, and the BoE decisions this week, the central bank torch will next be passed to the RBA, which announces its decision on Tuesday.
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Technical Analysis – NZDUSD poised for bullish rotation

NZDUSD rotates higher after touching familiar support zone Technical signals increase the odds for upside reversal FOMC policy announcement might affect USD at 18:00 GMT   NZDUSD has had a terrible month, but a bullish rotation this week has brought hope that the bearish phase could be over. The pair changed direction and moved north after reaching April’s pivotal zone of 0.5850, creating a bullish engulfing candlestick pattern.
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Market Comment – Dollar trims losses against yen, core PCE on tap

Dollar/yen rebounds after US GDP data Core PCE the next test for Fed rate cut bets Yen rally losing steam ahead of BoJ next week Wall Street extends slide, more earnings awaited GDP data adds fuel to dollar’s engines The dollar traded higher against most of its major counterparts on Thursday, trimming losses against the yen and extending its rally versus the wounded aussie, kiwi and Loonie.
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Market Comment – Stock market correction picks up speed

Fed expectations and US election affect sentiment Euro remains on the back foot against the dollar PBoC announces a surprise rate cut Gold suffers, aussie and kiwi losses pile up Stocks’ weakness intensifies Stocks are under severe pressure as the main US equity indices recorded yesterday their worst daily performance since late-2022. Considering the fact that yesterday’s US PMI surveys were mixed, and therefore not the trigger for this move, the cause of the continued w
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Market Comment – Dollar remains strong ahead of key data, yen surges

Dollar keeps marching north, PMIs on tap Yen extends rally as traders unwind carry trades Aussi and kiwi slide on China concerns, loonie awaits BoC Stocks trade in the red, tech earnings in the spotlight Traders continue to buy the US dollar The dollar traded higher against all but one of its major peers on Tuesday and continued to do so today.
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Technical Analysis – NZDUSD plunges to new multi-week low

NZDUSD dives almost 4% from the July high of 0.6150 Price may rebound off 0.5875 20- and 200-day SMAs record a bearish cross Momentum oscillators indicate upside correction NZDUSD has been creating an aggressive bearish rally since the break beneath the short-term uptrend line, diving almost 4% after the pullback from the 0.6150 resistance.
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Market Comment – Wall Street extends record streak, gold joins in

Rate cut and soft landing bets propel US equities to new highs Gold also sets a new record as US yields sink despite Trump risks Pound and kiwi edge up on slight upside surprises in CPI data US stocks brace for soft landing Optimism that the Fed is well placed to engineer a soft landing by cutting rates soon continues to fuel risk appetite on Wall Street, even as equity markets globally struggle against the prospect of Trump 2.0. Worries that a second Trump presidency will lead to
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