USD is at two-week low, gold rises
Here are a short wrap of the latest news and the tech analysis of EUR/USD, AUD/USD, and gold.
NZD in focus of traders’ attention
The Reserve Bank of New Zealand will make the monetary policy statement on June 24 at 5:00 MT time.
Instruments to trade: NZD/USD, NZD/CHF, NZD/JPY
The monetary policy statement is the primary tool the RBNZ uses to communicate with investors. Authorities unveil their decision on interest rates and set guidelines for the economic development. In the middle of March, the RBNZ cut its interest rate to the record low of 0.25%. This time analysts highly expect that rates won’t be changed. It will be more important to know what economic outlook the RBNZ will give and what measures it will take to support the economic recovery.
- If the RBNZ eases its policy, the NZD will weaken;
- If the RBNZ keeps the policy unchanged, the NZD will strengthen.
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Any optimism for the Canadian labor market?
Canadian Employment Rate and Unemployment Change are announced on April 9, at 15:30.
Forex today: gold, AUD/USD, and USD/JPY
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Latest news
S&P ASX 200: one step from a breakthrough
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
Strong USD is back
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NZD will be driven by RBNZ
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.
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