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Calendar event / 07 August 2019 at 2:00 GMTpreviousforecastactualHigh Cash Rate1.51High Cash Rate, Net Chg (Bps)0-50
Calendar event / 26 June 2019 at 2:00 GMT
NZ Reserve Bank of New Zealand Official Cash Rate announcementpreviousforecastactualHigh Cash Rate1.51.5High Cash Rate, Net Chg (Bps)-250
Calendar event / 19 June 2019 at 22:45 GMT
NZ GDPpreviousforecastactualMed 12-Mos to Qtr, Y/Y%+2.8%Med GDP-SA, Q/Q%+0.6%+0.6%+0.6%Med GDP, Y/Y%+2.3%+2.3%+2.5%
Squawk / 08 May 2019 at 20:31 GMTAUDUSD and NZDUSD bear trends extend, aiming still lower
Since we last looked at AUDUSD and NZDUSD, global financial markets have seen a move to a “risk off” environment, with concerns regarding US tariffs on Chinese goods potentially impacting negatively on the US-Sino trade talks.
Equity markets have plunged lower, whilst “risk” currencies like the Australian and New Zealand Dollar have suffered and the safe haven Japanese Yen has rallied.
Subsequent losses by both AUDUSD and NZDUSD currency pairs have seen these markets make new multi month lows (in the case of NZDUSD to the lowest level since October 2018), for a more negative technical picture.
A recent May rate cut by the Reserve Bank of New Zealand (RBNZ) and the expectation of a Reserve Bank of Australia (RBA) rate cut in June will likely keep pressures lower for AUDUSD and NZDUSD.
See the full article: https://www.forextraders.com/forex-charts/technical-analysis/audusd-and-nzdusd-bear-trends-extend-aiming-stiull-lower/
Calendar event / 08 May 2019 at 2:00 GMT
NZ Reserve Bank of New Zealand Monetary Policy StatementpreviousforecastactualHigh Cash Rate1.751.5High Cash Rate, Net Chg (Bps)0-25
Calendar event / 16 April 2019 at 22:45 GMT
NZ CPIpreviousforecastactualMed 10% Trimmed Mean, Q/Q%+0.3%Med All Groups CPI, Y/Y%+1.9%+1.7%+1.5%Med All Groups CPI, Q/Q%+0.1%+0.3%+0.1%Med Non-Tradeable Inflation, Q/Q%+0.7%+1.1%Med Non-Tradeable Inflation, Y/Y%+2.7%+2.8%Med Tradeables Inflation, Q/Q%-0.4%Med Tradeables Inflation, Y/Y%+0.9%
Squawk / 28 March 2019 at 6:42 GMTNZDUSD and AUDUSD bear threats
We last looked at the AUDUSD and NZDUSD Forex rates here on 17th March and highlighted upside risks for both currency pairs.
The more dovish tone from the FOMC on Wednesday 20th March initially allowed for a broad weakening of the US Dollar against many major currencies, encouraging both AUDUSD and NZDUSD higher.
However, the Wednesday 27th March Reserve National Bank of New Zealand (RBNZ) Meeting highlighted a very dovish tone with risks for an interest rate cut as the next move in New Zealand.
This encouraged a plunge lower for the NZDUSD FX rate from below a key resistance level at .6942, and also pulled the AUDUSD currency pair lower to.
This activity leaves a still bearish intermediate-term trend for AUDUSD and risks for an intermediate-term bearish shift for NZDUSD, but only triggered below .6716.
See the full article and video analysis here: https://www.forextraders.com/forex-charts/technical-analysis/nzdusd-and-audusd-bear-threats/
Calendar event / 27 March 2019 at 1:00 GMT
NZ Reserve Bank of New Zealand Official Cash Rate announcementpreviousforecastactualHigh Cash Rate, Net Chg (Bps)00High Cash Rate1.751.75
Calendar event / 13 February 2019 at 1:00 GMT
NZ Reserve Bank of New Zealand Monetary Policy StatementpreviousforecastactualHigh Cash Rate1.751.75High Cash Rate, Net Chg (Bps)00
Calendar event / 19 December 2018 at 21:45 GMT
NZ GDPpreviousforecastactualMed GDP-SA, Q/Q%+1%+0.6%+0.3%Med GDP, Y/Y%+2.8%+2.8%+2.6%