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Technical Analysis

NZDUSD continues to trade between swing area below and 50% /200 day MA above.

NZDUSD

NZDUSD continues to trade between swing area below and 50% /200 day MA above.

  • Traders are waiting for the next shove higher or lower
Greg Michalowski
Greg Michalowski
Tuesday, 14/05/2024 | 14:13 GMT-0
14/05/2024 | 14:13 GMT-0
Central Banks

Reserve Bank of New Zealand expected on hold at its May 2024 meeting - preview

Reserve Bank of New Zealand expected on hold at its May 2024 meeting - preview

  • The RBNZ is expected to leave its cash rate at 5.5%
Eamonn Sheridan
Eamonn Sheridan
Tuesday, 14/05/2024 | 02:44 GMT-0
14/05/2024 | 02:44 GMT-0
News

New Zealand Card retail sales (April) -0.4% m/m (prior -0.7%) & -3.8% y/y (prior -2.3%)

New Zealand Card retail sales (April) -0.4% m/m (prior -0.7%) & -3.8% y/y (prior -2.3%)

  • Card sales data is the main retail sales indicator from NZ
Eamonn Sheridan
Eamonn Sheridan
Monday, 13/05/2024 | 22:46 GMT-0
13/05/2024 | 22:46 GMT-0
Technical Analysis

NZDUSD stays below its key 200 day MA and 50% retracement target. Sellers stay in play.

NZDUSD

NZDUSD stays below its key 200 day MA and 50% retracement target. Sellers stay in play.

  • The 200-day moving average and 50% retracement comes between 0.6033 and 0.6035
Greg Michalowski
Greg Michalowski
Monday, 13/05/2024 | 18:51 GMT-0
13/05/2024 | 18:51 GMT-0
Central Banks

Reserve Bank of New Zealand Q2 2-year Inflation Expectations 2.3% (prior 2.5%)

Reserve Bank of New Zealand Q2 2-year Inflation Expectations 2.3% (prior 2.5%)

  • Some encouragement for the RBNZ
Eamonn Sheridan
Eamonn Sheridan
Monday, 13/05/2024 | 03:04 GMT-0
13/05/2024 | 03:04 GMT-0
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