NZDUSD=X - USD/NZD
| Previous close | 0.6095 |
| Open | 0.6095 |
| Bid | 0.6130 |
| Day's range | 0.6087 - 0.6140 |
| 52-week range | 0.5517 - 0.6538 |
| Ask | 0.6126 |
FX EmpireThe Future of Forex: ChatGPT’s Role in Shaping the Currency Trading Landscape
Artificial Intelligence (AI) has been a hot topic in the world of trading for decades. Will AI ever be able to outperform humans in making potentially profitable decisions?
FX EmpireA Deep Dive into Carry Trades and Arbitrage Opportunities in the Forex Market
Carry trade and arbitrage strategies focus on exploiting specific market conditions and inefficiencies, and if used well can be complimentary to both technical and fundamental analysis.
FX EmpireFederal Reserve and NFP – A Busy Week Ahead for Traders
It’s all happening for investors and traders this week, with a plethora of significant news releases out around the world.
FX EmpireNZD/USD Forex Technical Analysis – Higher as Speculators Bet on More Aggressive RBNZ Rate Hikes
The Kiwi is up after financial futures traders narrowed the odds of more aggressive rate hikes by the major central banks.
FX EmpireForex Mid-Session Recap for July 19, 2022
The buck continued to weaken as reports of a possible 50 bps ECB hike on Thursday boosted the euro.
FX EmpireAUD/USD and NZD/USD Fundamental Daily Forecast – RBA Minutes Show Resilient Economy Calls for More Rate Hikes
RBA said the current level of interest rates “was still very low for an economy with a tight labor market and facing a period of higher inflation.”
FX EmpireAll Eyes on Europe +Oil+ FOREX ( EUR & RNBZ new repo facility)
Overall the robust US data on Friday eased concerns about an imminent recession but is also unlikely to mount an additional case for a 100 bp Fed hike.
FX EmpireAUD/USD and NZD/USD Fundamental Weekly Forecast – Set Up for Rally as Fed’s Big Rate Hike Expectations Fade
The key market driver will be the markets expectations for the widely expected Fed rate hike on July 27.
FX EmpireNZD/USD Forex Technical Analysis – Weak US Dollar Helps Shift Kiwi Momentum to Upside
In domestic news, the manufacturing sector in New Zealand fell back into contraction territory in June, the latest survey from BusinessNZ revealed.
FX EmpireAUD/USD and NZD/USD Fundamental Daily Forecast – Gains Capped by Threat of Fed Front-Loading Rate Hike Threat
The AUD/USD and NZD/USD are going to have a hard time mounting a strong rally if the Fed continues on its aggressive rate-hiking path.
FX EmpireNZD/USD Forex Technical Analysis – RBNZ Hikes Rates, but Gains Capped Ahead of US CPI Report
The RBNZ raised the official cash rate by 50 basis points to 2.5%, a level not seen since March 2016.
FX EmpireAUD/USD and NZD/USD Fundamental Daily Forecast – RBNZ Expected to Hike OCR by 50-Basis Points
Over 90% of economists, 20 of 22, forecast the RBNZ will hike by 50 basis points to 2.50% at its July 13 meeting with only two saying 25 basis points.
FX EmpireNZD/USD Forex Technical Analysis – Size of RBNZ Rate Hike in Doubt Amid Slumping Confidence, Unstable Economy
Traders are positioning themselves ahead of Wednesday’s widely expected RBNZ rate hike and red-hot U.S. CPI report.
FX EmpireNZD/USD Forex Technical Analysis – Commodity-linked Currency Supported by Safe-Haven Dollar Dump
The NZD/USD swung between losses and gains on Friday after data showed a bigger than expected increase in U.S. Non-Farm Payrolls in June.
FX EmpireNZD/USD Forex Technical Analysis – Underpinned by Improving Risk Sentiment, Capped by Global Recession Fears
Risk sentiment improved as stocks climbed following the release of the Federal Reserve’s June meeting minutes.
FX EmpireAUD/USD and NZD/USD Fundamental Daily Forecast – RBA to Raise Rates, Announce Faster Pace of Future Hikes
Australia’s central bank will deliver another half percentage-point interest rate hike on Tuesday as it fights to tame surging inflation.
FX EmpireNZD/USD Forex Technical Analysis – Some Questioning RBNZ Rate Hike Expectations
The Kiwi remains at risk due to worries over a global economic recession that are pressuring commodity-linked currencies.
FX EmpireAUD/USD and NZD/USD Fundamental Daily Forecast – Aussie Plunges as Global Economic Outlook Deteriorates.
The price action in the Aussie and Kiwi indicate there are worries over whether the Federal Reserve can deliver a soft landing.
FX EmpireNZD/USD Forex Technical Analysis – Facing Challenges with Rates Rising, Recession Looming
The catalyst driving the Kiwi lower is a dire business survey that underlined the risk that rising interest rates would lead to recession.
FX EmpireAUD/USD and NZD/USD Fundamental Daily Forecast – Capped by Tightening Yield Spreads, Weak Commodity Prices
The key report and likely a market moving event will be the U.S. Revised University of Michigan Consumer Sentiment.
FX EmpireNZD/USD Forex Technical Analysis – Gains Capped as Consumer Confidence Plunges to Lowest Level Since 1988.
The Westpac McDermott Miller Consumer Confidence Index dropped sharply in the June quarter, falling to its lowest level in over 30 years.
FX EmpireAUD/USD and NZD/USD Fundamental Daily Forecast – Weakening Industrial Metals Likely to Cap Gains
RBA Gov Lowe will speak on Tuesday and is likely to reiterate that more interest rate hikes will be needed, given inflation could hit 7% later.
FX EmpireNZD/USD Forex Technical Analysis – Lower Despite Slightly Better Stocks, Weak US Economic Data
On Friday, the greenback was supported by somewhat hawkish comments from Federal Reserve Chair Jerome Powell.
FX EmpireNZD/USD Forex Technical Analysis – Strong Short-Covering Rally after Fed Delivers Expected Rate Hike
Although the Kiwi finished higher, the currency struggled early in the session after data showed an unexpected contraction in the economy.
FX EmpireNZD/USD Forex Technical Analysis – Traders Will Be Monitoring Fed for Future Rate Hike Clues
New Zealand posted a seasonally adjusted current account deficit of NZ$8.5 billion in the first quarter of 2022, Stats NZ said on Wednesday.