The New Zealand dollar had an excellent week, riding higher alongside jobs. Apart from the US elections, the RBNZ rate decision stands out, with a potential for a rate cut. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD.
New Zealand reported a jump of 1.4% in employment in Q3, with a drop of the unemployment rate to 4.9%. Together with a leap in milk prices worth 11.4%, and worries about the US elections, the kiwi surged. Stable inflation expectations and a positive change of mood towards the elections cooled it down just a bit.
Updates:
- Nov 8, 14:40: How to trade the US elections with currencies: The US presidential elections offer very different candidates for voters and also for markets. The polls, which are extremely close, are…
- Nov 8, 14:35: US elections and forex – all the updates in one place: The US presidential elections in 2016 offer two very stark candidates, for voters and markets, with extremely different reactions. Some compare…
- Nov 8, 14:25:Â US elections cheat sheet for trading forex [Video]: We run through market positioning ahead of the polls, where we stand now and what to expect ahead of voting….
- Nov 8, 8:13:Â Forex technical levels to watch ahead of the US elections [Video]: We examine the key support and resistance lines for the following ten currency pairs: EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD,…
- Nov 7, 8:56:Â Pre US Elections Edition: US elections guide to trading currencies [Video]: This is a special edition of the morning show. There is (almost) only one topic on our agenda: the US…
- Nov 7, 0:48:Â The week ahead Clinton continuation or Donald disruption? There is little else: The run-up to the elections early in the week, the night of the vote counting and the aftermath dominate the…
- Nov 7, 0:00: US elections: Latino early voting is massive – markets may like it: 41 million Americans have already voted at the time of writing, and the polls aren’t open yen. According to various…
