NZDJPY : Resistance level
Updated
Minggu lalu
NZD mendapat sentimen dari trade related news yang meredakan tensi dagang China-US, hal tersebut menguatkan CNY dan berdampak pada NZD.
NZD mendapat sentimen dari trade related news yang meredakan tensi dagang China-US, hal tersebut menguatkan CNY dan berdampak pada NZD.
Note
On Wednesday at 8:00 pm GMT the Reserve Bank of New Zealand (RBNZ) will publish its monetary policies for the month of November. What’s more, Governor Orr will conduct a presser an hour later!No changes expected this week!
the central bank will also be releasing a quarterly statement which includes its updated projections on inflation, growth, and monetary policies.
All eyes will be on whether RBNZ members will take cues from the latest upside surprise in inflation data, or if they still believe that downside risks to growth are as bearish as they were back in August.
TOP-tier events
1. American mid-term election
If Democrats take control of the House as pollsters believe, then we might see a selloff in equities as they potentially delay or oppose Trump’s policies.
But if Republicans manage to maintain their hold of the House, then we might see a repeat of the post-Trump election rally and see dollar-denominated assets shoot higher across the board.
And then there’s the FOMC statement scheduled less than a day after the RBNZ’s event.
While market analysts aren’t expecting changes from Governor Powell and his team, a confirmation of the central bank’s hawkish bias could push the Greenback higher across the board and drag higher-yielding currencies like the Kiwi lower.
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