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Gbpnzdlong

GBPNZD - Bullish BiasGBP - Weak Bullish 1️⃣ BOE Chief Economist Huw Pill says that the current strength of inflation appears to be proving to be more durable than initially expected and the BoE plans to release asset purchase stocks in the best possible way. NZD - Weak Bearish 1️⃣ The expectation of an interest rate hike is already expected. Not surprising the market. ===== Technical ===== Buy opportunity for GBPNZD if the price retrace at support first. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction. Don't forget to like, comment, and subscribe for more ideas.
Long
by MonsunAsia
GBPNZD - Bullish Bias🇬🇧 GBP - Strong Bullish 1️⃣ Bailey says that the BOE is likely to have to raise its interest rates to combat inflationary pressures over the next 2 to 3 years, even though the economic recovery in the UK is slowing. 2️⃣ Policymaker Michael Saunders reiterated that the central bank will need to raise interest rates next year if growth continues and inflation rates are rising. 3️⃣ The inflation rate for August is expected to pick up amid rising price pressures in both the manufacturing and services sectors. 🇳🇿 NZD - Strong Bearish 1️⃣ A negative market environment can depress high-beta currencies such as the NZD. ===== Technical ===== The price break the recent resistance. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction. Don't forget to like, comment, and subscribe for more ideas.
Long
by MonsunAsia