AUD/NZD is expected to display significant losses after surrendering the cushion of 1.0300. The RBNZ is likely to announce a half-a-percent rate hike for the fourth time consecutively. A lower Australian Consumer Inflation Expectations print has failed to support aussie bulls. The AUD/NZD pair has turned sideways at around 1.0400 after a downside move from… Read More »
NZD/USD is advancing towards its two-month high at 0.6260 as Business NZ PMI lands higher at 52.7. A fourth consecutive 50 bps rate hike is expected by the RBNZ. The impact of the lower US CPI print is fading away and investors are focusing on Fed’s next meeting. The NZD/USD pair has continued its four-day winning… Read More »
“The Reserve Bank of New Zealand (RBNZ) will stick to its hawkish stance and deliver a fourth straight half-point rate hike on Wednesday in its most aggressive tightening in over two decades to try to rein in stubbornly-high inflation,” as per the latest Reuters poll published early Friday morning in Asia. Key findings All 23… Read More »
AUD/NZD is auctioning a marked territory as investors await Australian Consumer Inflation Expectations. Aussie Inflation Expectations are likely to remain higher due to the unavailability of a downside signal. The RBNZ has already raised its OCR to 2.5% to combat price pressures. The AUD/NZD pair is displaying back and forth moves below the critical hurdle of… Read More »
NZD/USD is scaling towards 0.6300 as the DXY has declined ahead of US CPI. A lower consensus for the US CPI has forced investors to dump the DXY. China’s inflation has increased to 2.7% but remained lower than expectations. The NZD/USD pair is advancing sharply towards the round-level resistance of 0.6300 after the National Bureau… Read More »
AUD/NZD bounded by key daily swing lows, price imbalance between 1.1080 and 1.1091 eyed. RBNZ is expected to hike by 50bps at the next meeting. AUD/NZD is flat in the Tokyo open and has ranged between 1.1091 and 1.1115 on the day so far following the Reserve Bank of New Zealand’s inflation expectations at the start… Read More »
NZD/USD advances despite a lack of catalyst, lifted by the AUD/USD. Sentiment remains mixed, tilted positively, as shown by the FX space, with safe-haven peers pressured. Fed policymakers are still pushing back against dovish tilt, as money market STIRs odds of a 75 bps hike lie at 90%. RBNZ survey of inflation expectations easied, with… Read More »
A lower print of RBNZ inflation expectations at 3.07% vs. 3.29% has brought a sell-off. The kiwi bulls are attempting an establishment above 50% Fibo retracement. Momentum oscillators RSI (14) has shifted into the bullish range of 60.00-80.00. The NZD/JPY pair surpassed the immediate hurdle of 84.62 in the Asian session but has slipped back… Read More »
AUD/NZD takes the bids to refresh intraday high after RBNZ Q3 Inflation Expectations. RBNZ Q3 Inflation Expectations eased to 3.07% versus 3.29% prior. Upside break of 200-HMA, upbeat oscillators also favor buyers. Nearby support confluence around 1.1065 restricts immediate downside. AUD/NZD remains on the front foot, extending Friday’s upside break of the one-week-old descending trend… Read More »
NZD/USD has declined to near 0.6240 on lower RBNZ inflation expectations. The RBNZ inflation expectations have declined to 3.07% vs. 3.29% reported earlier. This week, the US Inflation data holds significant importance. The NZD/USD pair has faced selling pressure while attempting a break above the immediate hurdle of 0.6260. The asset has witnessed offers after… Read More »
