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Central bank meetings will be front and center next week as the Federal Reserve, Bank of England and Bank of Japan convene for their policy decisions. The Fed will likely grab the most attention amid intensifying expectations of a rate cut. In terms of data releases, the main focus will
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NZD/USD has been holding within a narrow range over the last couple of days, with upper boundary the mid-level of the Bollinger band around 0.6590 and lower boundary the 0.6565 support level. The MACD is flattening near its red signal line, while the RSI is still hovering below the neutral threshold of 50, all signaling
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NZD/USD bullish near one-month highs; outlook turns positive in the near term. NZD/USD had one of its best trading sessions for this year, this week, gaining more than 1.4% to edge above its short-term moving averages in the daily timeframe and reach a fresh one-month high of 0.6665 on Wednesday. The technical indicators are still flashing bullish, with the MACD
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NZD/USD hovers in Ichimoku cloud posting narrow range in the near term. NZD/USD has jumped into the Ichimoku cloud over the last few sessions as it found strong support around the 0.6505 level. The price touched the 40-simple moving average (SMA) in the 4-hour chart, and returned lower again, while the RSI
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NZD/USD turns attention to 7-month lows; strongly negative. NZD/USD has been in a strong bearish rally over the last two months, reaching a fresh seven-month low of 0.6482 earlier today. What remains to be seen is if the bears have enough fuel to continue this sharp negative movement as the technical indicators
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NZD/USD eyes the descending line following touch on 1-week lows. NZD/USD declined earlier on Thursday, hitting a one-week low of 0.6544 but the price recovered most of its lost ground immediately. What remains to be seen is if the bulls have enough fuel to exit the steep descending trend line drawn from the April peak.
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NZD/USD fell aggressively on Wednesday towards a four-month low of 0.6523, but the price recovered most of its lost ground immediately and returned above a key support level of 0.6580. Since both the RSI and the Stochastics are close to oversold levels, the market could keep recouping losses. Yet what remains to be seen is
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The RBNZ will announce its decision early on Wednesday, at 02:00 GMT. The forecast from economists is for a rate cut, but investors are not convinced, with market pricing assigning only a ~40% chance for one. Indeed, the Bank may hold its fire for now and postpone any cut until
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Central bank policy meetings in Australia and New Zealand will be the main focus next week with investors anticipating a further dovish tilt. Out of all the central banks that have turned dovish this year, the Reserve Bank of New Zealand is the most likely to cut rates and analysts
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After a lacklustre couple of weeks for foreign exchange markets, trading volumes are expected to return to somewhat more normal levels over the next seven days with plenty of risk events on the horizon. But with many European markets shut on Wednesday for Labour Day and Japan closed for the
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