Tag - nzd - new zealand dollar

The market is mixed this Wednesday, with the AUD and the NZD tipping out on their recent bullish advances, oil consolidating at the local resistance level, and gold getting back to an upward trajectory.

Traders await the speech of the Fed's Chair Jerome Powell. The USD is under pressure. Watch the video to get the outlook for the major currencies today!

The Reserve Bank of New Zealand made announcements regarding its monetary policy. The NZD/USD dropped.

The Reserve Bank of New Zealand (RBNZ) will publish the monetary policy statement and announce the interest rate at 06:00 MT time on May 13. 

NFP, China-US trade and other factors

The market is submerged into an overall risk-off mood, with the AUD getting strong on recovering China and the GBP boosted by the BOE announcements, while the USD and the EUR are weak.

AUD/NZD formed a “shooting star” candlestick on the W1. The pair ran into the resistance line from the 2018 highs and failed to close above the 200-week MA at 1.0650.

The Fed and the ECB planning to expand the economic stimulus package make the USD and the EUR lose value. 

NZD appears to be pretty strong lately. Will it maintain this course?

Here’s what’s moving the market on April 27.

The market starts the week with risky appetites: the AUD and the NZD rise, in line with the GBP/USD and the EUR/USD.

Brent followed the case of WTI, although not into the negative zone (yet); the AUD and the NZD are marching upwards across the board, the USD stays relatively strong.