untitled design

Tag: RBNZ

NZD/USD Price Analysis: Sticks to modest recovery gains above 0.6100, lacks follow-through

NZD/USD Price Analysis: Sticks to modest recovery gains above 0.6100, lacks follow-through NZD/USD Price Analysis: Sticks to modest recovery gains above 0.6100, lacks follow-through

NZD/USD has staged a modest recovery from levels below 0.6100, ie above a two-year low. Sustained dollar buying and a risk-off mood capped gains in the risk-sensitive kiwi. In addition, investors were hesitant ahead of Wednesday’s RBNZ and US CPI. The pair NZD/USD showed resistance below 0.6100 and gained some positive traction on Tuesday. The […]

NZD/USD Price Analysis: Capped Upside Near Downtrend Channel Resistance

NZD/USD Price Analysis: Capped Upside Near Downtrend Channel Resistance NZD/USD Price Analysis: Capped Upside Near Downtrend Channel Resistance

NZD/USD is struggling to build on last week’s modest recovery from a two-year low. A three-week downtrend channel caps the upside amid a stronger dollar. The decline looks supported ahead of Wednesday’s RBNZ and US CPI report. The NZD/USD pair faced rejection near the top of a three-week-old descending channel and for now appears to […]

RBNZ to raise rates by 50 basis points for the third time in a row next Wednesday – Reuters poll

RBNZ to raise rates by 50 basis points for the third time in a row next Wednesday – Reuters poll RBNZ to raise rates by 50 basis points for the third time in a row next Wednesday – Reuters poll

According to the latest Reuters poll of economists, The Reserve Bank of New Zealand (RBNZ) is on track to make a 50 basis point rate hike for the third time in a row when it meets next Wednesday. Featured Comments a majority, 15 of 22, now expect the Official Cash Rate (OCR) to hit 3.50% […]

NZD/USD falls to fresh three-week lows below 0.6400

NZD/USD falls to fresh three-week lows below 0.6400 NZD/USD falls to fresh three-week lows below 0.6400

NZD/USD falls to new three-week lows, despite the start of the RBNZ’s QT program. US initial jobless claims rose more than expected, but market players are focused on US inflation data. The RBNZ will start its Quantitative Tightening (QT) program with a rate of NZ$5 billion. The NZD falls for the fifth day in a […]

RBNZ: Exit of five-year QE bond holdings to start in July

RBNZ: Exit of five-year QE bond holdings to start in July RBNZ to raise rates by 50 basis points for the third time in a row next Wednesday – Reuters poll

The Reserve Bank of New Zealand (RBNZ) has said in a statement on Thursday, that will start selling government bonds purchased during its quantitative easing (QE) program gradually over the next five yearsas reported by Bloomberg. Key comments “The Reserve Bank will sell bonds to the Treasury Department’s debt management office at a rate of […]

NZD/USD maintains gains around 0.6550, bulls eye monthly high

NZD/USD maintains gains around 0.6550, bulls eye monthly high NZD/USD maintains gains around 0.6550, bulls eye monthly high

A combination of supportive factors lifts NZD/USD back near monthly highs. Reduced expectations of a more aggressive Fed and risk appetite weigh on the USD. The aggressive signal from the RBNZ benefits the NZD and contributes to the intraday rally. The pair NZD/USD has started the week on a positive note and has built on […]

NZD/USD Price Analysis: Bulls look to take control above 0.6525-30 confluence hurdle

NZD/USD Price Analysis: Bulls look to take control above 0.6525-30 confluence hurdle NZD/USD falls to fresh three-week lows below 0.6400

NZD/USD gained strong positive traction on Friday and rose to a three-week high. The technical setup favors the bulls and supports the prospects for further gains. A sustained break below the 0.6400 mark is needed to negate the constructive outlook. The NZD/USD pair received aggressive bids on the last day of the week and rose […]

NZD/USD Remains Confined In Range Below 0.6500, Downside Looks Limited

NZD/USD Remains Confined In Range Below 0.6500, Downside Looks Limited NZD/USD Price Analysis: Capped Upside Near Downtrend Channel Resistance

NZD/USD ranged below 0.6500 during the first half of the European session. Recession fears turned out to be a key factor acting as a headwind for the kiwi, which is perceived as more risky. The softer tone surrounding the dollar extended some support to the pair and helped limit the decline. Traders are now waiting […]

RBNZ: Confident households can withstand higher rates – Adrian Orr

RBNZ: Confident households can withstand higher rates – Adrian Orr RBNZ: Confident households can withstand higher rates – Adrian Orr

The Governor of the Reserve Bank of New Zealand (RBNZ), Adrian Orr has shed more light on the central bank’s rate hike path at the press conference following the decision in May. Key comments We are very focused on containing aggregate demand. We need to anchor inflation expectations. We trust that households can bear higher […]

NZD/USD soars to 3-week highs at 0.6500 after RBNZ announcement

NZD/USD soars to 3-week highs at 0.6500 after RBNZ announcement NZD/USD soars to 3-week highs at 0.6500 after RBNZ announcement

The NZD/USD is up 75 pips immediately after it became known that the Reserve Bank of New Zealand increased its interest rates by 50 basis points to 2%. With the rise, the pair has reached a twenty-day high at 0.6500. The kiwi has shot up with the news driven by the RBNZ statement, which assured […]