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New Zealand's Economy Emerges From Recession in 1Q -- Update
New Zealand's farm-rich economy returned to growth in the first quarter, exiting the recession that has dogged it for much of last year, but further weakness can't be ruled out.
New Zealand Economy Returns to Growth, Exiting Recession
New Zealand’s economy exited recession with modest expansion in the first quarter.
NZD/USD Jumps to 0.6150 as New Zealand Exits Recession
The NZD/USD pair gains traction near 0.6145 during the early Asian session on Thursday.
Westpac New Zealand's Consumer Confidence Survey Declines to 82.2 From 93.2
Westpac New Zealand's quarterly Consumer Confidence Survey reported a decline in aggregate consumer sentiment for the second quarter, with Q2 2024's Consumer Confidence Survey dropping 11 points to 82.2 after the previous climb to 93.2. According to Westpac, surveyed consumers are reported ongoing pressure from high interest rates and large increases in living costs.
Dollar Index to Trade in Range – OCBC
USD traded modestly softer as US retail sales disappointed. Fed speakers are hesitant to define the date for the next rate cut, OCBC FX Strategist Christopher Wong notes.
NZD/USD Price Analysis: New Zealand Dollar Weakens Ahead of Q1GDP
The NZD/USD pair slumps to near 0.6130 in Wednesday’s American session.
71103728 : It's all the opposite
•SE7EN• : viable?
Moo moo Sheep : Amazing
Bull X BearOP : Yup. Opposite due to CPI numbers. As this directions are based on Day Charts not M5.
Previously we have feedback regarding Outlook using M5 is too fast. So our directions on Day chart ignores all short term volatility and focusing on long term trades.
Therefore this market outlook will ride out the short term volatility due to economic data
Bull X BearOP •SE7EN•: Not sure. Still testing to see as Day chart analysis is a longer term therefore there is a need for sufficient available funds to avoid margin call.
And also the need to hold trades longer and ride through the volatility.
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