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NZD/USD

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  • NZD/USD in Fundamental_index
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NZD/USD remains more or less track to finish the week more than 100 pips demean

NZD/USD recovers modestly on the subject of Friday.
Disappointing employment data weighs regarding the NZD this week.
US Dollar Index looks to toting taking place its highest weekly heavy of 2019.

The NZD/USD pair dropped to its lowest level in again two weeks at 0.6730 earlier today in the by now retracing the whole little part of its weekly viewpoint of view. As of writing, the pair was trading at 0.6748, staying unchanged in this area a daily basis.

Earlier this week, the disappointing labor push version from New Zealand, which revealed that the unemployment rate rose to 4.3% in the fourth quarter vs the analysts' estimate of 4.1%, weighed going just very nearly for the kiwi through the expansive-based USD strength didn't mood the pair to make a decisive recovery. With the greenback going into a consolidation phase toward the cease of the week, the US Dollar Index is about flat upon the daylight stifling 96.60, staying upon track to proficiency the week beyond 1% well ahead.

In tallying to the wretched data from New Zealand, headlines surrounding the U.S. - China trade engagement and the oppressive commodity sell-off this week put option weight not far afield off from the NZD's shoulders. According to several news outlets, President Trump is not planning to meet his Chinese counterpart by now the March 1 deadline, which revives the possibility of the U.S. continuing to impose tariffs almost Chinese goods for a longer epoch than markets were hoping for.


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#1 - February 09, 2019, 02:57:12 AM

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NZD/USD retreats from weekly highs steady unventilated 0.6800

RBNZ leaves the policy rate unchanged at 1.75% as received.
RBNZ Governor says rate incline is balanced.
US Dollar Index jumps to subsidiary 2019 high before insinuation to Wednesday.

The NZD/USD pair rose unexpectedly during the Asian session very about the subject of Wednesday after the RBNZ announced its decision to depart the Official Cash Rate (OCR) unchanged at 1.75%. Commenting not in the distance off from the policy and economic approach, Governor Adrian Orr said that the risks on rates were balanced and added that the unintended of a rate scratch had not increased. After advancing to an open weekly tall of 0.6852, the pair drifting its traction in the second half and erased some of its to come gains. As of writing, the pair was trading at 0.6795, yet adding 0.83% re speaking a daily basis.

While testifying in the at the forefront the Finance and Expenditure Select Committee, in Wellington, RBNZ Governor Orr echoed yesterday's statement and didn't meet the expense of any subsidiary observations on the subject of the policy direction of view. Commenting upon the pay for the an allergic reaction to the RBNZ message, "The response to today's Monetary Policy Statement indicates that financial markets saying the missive as mammal more hawkish than anticipated. The NZD is going on beyond 1.0% and the inadvertent of a close term scratch in incorporation rates has been significantly reduced," said the NAB Research Team.

In entire sum to the RBNZ's optimistic incline, hopes of the U.S. and China reaching a trade unity even if President Trump doesn't meet his Chinese counterpart ahead of the March 1 deadline provided an adding happening lift to antipodean currencies.

Meanwhile, supported by the rising T-peace yields and today's inflation checking account, the US Dollar Index erased the losses it suffered yesterday and rose to its highest level back mid-December at 97.17 to force the pair to swap out cold the 0.68 marks.
#2 - February 14, 2019, 03:20:40 AM

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NZD/USD retreats from weekly highs steady unventilated 0.6800

RBNZ leaves the policy rate unchanged at 1.75% as received.
RBNZ Governor says rate incline is balanced.
US Dollar Index jumps to subsidiary 2019 high before insinuation to Wednesday.

The NZD/USD pair rose unexpectedly during the Asian session very about the subject of Wednesday after the RBNZ announced its decision to depart the Official Cash Rate (OCR) unchanged at 1.75%. Commenting not in the distance off from the policy and economic approach, Governor Adrian Orr said that the risks on rates were balanced and added that the unintended of a rate scratch had not increased. After advancing to an open weekly tall of 0.6852, the pair drifting its traction in the second half and erased some of its to come gains. As of writing, the pair was trading at 0.6795, yet adding 0.83% re speaking a daily basis.

While testifying in the at the forefront the Finance and Expenditure Select Committee, in Wellington, RBNZ Governor Orr echoed yesterday's statement and didn't meet the expense of any subsidiary observations on the subject of the policy direction of view. Commenting upon the pay for the an allergic reaction to the RBNZ message, "The response to today's Monetary Policy Statement indicates that financial markets saying the missive as mammal more hawkish than anticipated. The NZD is going on beyond 1.0% and the inadvertent of a close term scratch in incorporation rates has been significantly reduced," said the NAB Research Team.

In entire sum to the RBNZ's optimistic incline, hopes of the U.S. and China reaching a trade unity even if President Trump doesn't meet his Chinese counterpart ahead of the March 1 deadline provided an adding happening lift to antipodean currencies.

Meanwhile, supported by the rising T-peace yields and today's inflation checking account, the US Dollar Index erased the losses it suffered yesterday and rose to its highest level back mid-December at 97.17 to force the pair to swap out cold the 0.68 marks.
New Zealand Dollar NZDUSD, + 0.4709% is one of the first-class performers today amid continued hawkish updates from the central bank. The kiwi dollar rose sharply in opposition to the greenback, buying $ 0.6817, up from $ 0.6737, after the Reserve Bank of New Zealand maintained its direction and stated the next step for interest charges might be higher, decreasing fears of sharp adjustments.
#3 - February 14, 2019, 04:48:49 AM

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The New Zealand dollar recorded the best performance among major currencies in today's trading (13/2). The NZD / USD currency pair rocketed almost 2 percent to break the 0.6850 threshold in the Asian session, after its central bank announced a more hawkish interest rate outlook than market expectations. When the news is written in the middle of the European session, the pair has been corrected, but is still in the range of 0.6823. Meanwhile, AUD / NZD also slumped around 1 percent to around 1.4033.
#4 - February 14, 2019, 06:05:23 AM

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The New Zealand dollar recorded the best performance among major currencies in today's trading (13/2). The NZD / USD currency pair rocketed almost 2 percent to break the 0.6850 threshold in the Asian session, after its central bank announced a more hawkish interest rate outlook than market expectations. When the news is written in the middle of the European session, the pair has been corrected, but is still in the range of 0.6823. Meanwhile, AUD / NZD also slumped around 1 percent to around 1.4033.
thank you for the fundamental news. the predictions have not been raised until what point?
#5 - February 14, 2019, 07:24:11 AM

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NZD/USD finds resistance stuffy 0.6900, starts consolidating daily gains

Trade optimism helps antipodeans stay sound.
US Dollar Index drops to 96.70 places.

The NZD/USD pair gained traction in the assist on trading hours of the Asian session and reached its highest level in 12 days at 0.6893 but struggled to end its bullish protest ahead. With markets quieting down in the last couple of hours together surrounded by the skinny trading volume, the pair has following into a consolidation phase and was last seen trading at 0.6872, adding together 0.1% just about the hours of the day.

Over the weekend, U.S. President Trump, via Twitter, said that big go at the forefront was innate made upon many every second front in China trade talks ahead of this week's round of negotiations in Washington and helped trade-admiring currencies such as the AUD and NZD begin the week upon a determined note. Additionally, New Zealand PM Jacinda Arden told reporters that the association when New Zealand and China were 'robust and epoch', to have enough allocation a subsidiary boost to the kiwi.

On the new hand, the greenback struggled to recover the losses that it suffered in the second half of the previous week and supported the pair's rally. However, once the trading volume thinning out in the second half of the hours of the day due to the President's Day holiday in the U.S., the US Dollar Index steadied close the 96.70 level and didn't go along following the pair to continue to appendix distant.

On Tuesday, the RBA will reveal the minutes of its last meeting and the AUD/USD pair's response to the proclamation could be the neighboring catalyst for the pair.
#6 - February 18, 2019, 04:18:06 PM

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NZD/USD opens about the front foot in the in front strong pre FX avow admittance retail sales data

NZD/USD opened at 0.6858 bearing in mind the retail sales data which puts bulls not quite the front foot.
NZD/USD is currently trading at 0.6860.

The risk was as regards in the closing session in the US as regards Friday which helped the antipodeans along. The equity markets in Europe and North America both finished cold as soon as investors optimistic on the summit of US-China trade talks and more dovish Fed commentary.

AUD/USD and subsequent to, NZD, were along with supported by China's qualified denial of restrictions upon Australian coal imports - NZD climbed from 0.6760 to 0.6854, sophisticated than retracing Friday afternoons RBNZ Bascand-related loss.

Kiwi data coming in sealed

New Zealand retail sales surged 1.7% during Q4 2018
Today, NZ Q4 retail sales data was released and the bird will surely locate a bid upon such an outcome, (currently, 0.6860 traded going virtually for the admittance), as the description will sponsorship going on have an effect on forecasts for the important GDP data around 21 March. The data arrived +1.7% Q/Q vs the customary 0.5% and 0.3% prior revised from 0.0% - The upshot came in as the highest since Q1 of 2017.

NZD/USD levels
Support 0.6730
Resistance 0.6880
0.6880 is the trend descent resistance approaching the hourly grow outmoded frames though 0.6730 is the rising trend maintain. The adjacent upside plan will be 0.6915 ahead of 0.6976 R3 pivot reduction. To the downside, bears can endeavor the pivot reduction of 0.6819 ahead of 0.6785. NZD/USD has been struggling at the 50% Fibo of the 2018 downtrend to recent rotate lows - capped their twice. A third attempt could be satisfactory to beat stale shorts and put into the group a decline control that will environment the 61.8% Fibo turn at the 0.7050 level - highs last traded in June 2018.
#7 - February 25, 2019, 10:42:34 AM

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