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NZDJPY a big step forwardMy advisor MarketMiracle generates a LONG entry signal for NZDJPY at the price 78,87 with a target price of 79,97 with a possible profit of 1,40% Checking the chart configurations I verified that the current situation is actually compatible with the forecast. There are no particular obstacles and the wave of the big players (Mmiracle Viewer yellow color) compensates very well the wave of the medium players who are instead selling the NZD. The market sentiment is slightly positive (0.03) so it should facilitate the rise in prices. The previous days I published other ideas always consistent with these as they predict weakening of JPY. I expect a few days of slight uphill climb until even the small or medium players will start to buy NZD or sell JPY, perhaps in conjunction with macroeconomic information that as usual can change everything. This Idea is produced on the basis of the data provided by the advisor Marketmiracle whose signals are available for free at the link below.
Long
by MarketMiracleAdvisor
PBoC, Inflation and Jobless Claims – Week aheadThe markets continue to grapple with the immediate effects of the Coronavirus. The second wave in pockets of the world has forced cities to take active measures to control the virus. Melbourne, Australia has gone into a secondary lockdown while Florida and Los Angeles see cases surge, with the Mayor of Los Angeles stating that the city is “on the brink” and a Democratic representative from Florida reports the outbreak is “totally out of control.” Here is your week ahead Monday, 20 July – Peoples Bank of China Interest Rate decision China’s Central Bank, the Peoples Bank of China has been wary of cutting interest rates, even during the peak of the pandemic. Ma Jun, a PBOC adviser, stated in early April, “The PBOC doesn’t use its bullets all at once. China has plenty of room in monetary policy.” The PBOC has kept interest rates at 3.85%, after dropping it 30 basis points from 4.05% in April. However, forecasts and estimates expect the PBoC to keep rates as is at 3.85% this week ahead. Tuesday, 21 July – Inflation rate YoY Bank of Japan With 660 new cases of the Coronavirus yesterday, Japan has struggled to keep ahead of the virus after the world praised it for its lighter approach to restrictions. However, that approach, as seen similarly from Australia, has not bode well for the country. Japan has seen triple-digit daily increases for the whole month of July. This has caused consumption and spending to decrease dramatically. Analysts predict an inflation rate of 0.1%; however, there is a high chance that this may be pushed to the downside, which may put downward pressure on the JPY. Tuesday, 21 July – Reserve Bank of Australia minutes Australia is continuing to grapple with the effects of the Coronavirus, with Melbourne being put back into lockdown and the state of Victoria imposing mandatory mask restrictions. With RBA minutes earlier in the year having a tone of optimism, likely, that tone will not continue here. The second lockdown is a massive blow to the country, socially and economically. The Trans-Tasman bubble between New Zealand and Australia has been delayed, with economic activity in the state of Victoria plummeting. We may see Aussie weakness against its New Zealand counterpart as Australia reels back their reopening. Thursday 21st July – Canada Consumer Price Index (CPI) Canada continues to post double-digit daily Coronavirus cases as they, too, implemented a looser lockdown restriction like Japan and Australia. We saw a drop in the CPI from March to April as citizens decreased their spending. We saw a slight increase in the Month of May, however, analysts expect to stabilize around 137 for the month of June. Thursday 23 July, US Initial Jobless Claims With Initial Jobless Claims posting the smallest decline since March last week, the US jobs market is showing a slight rebound. However, we are all aware of the current situation with the Coronavirus cases in the US. Florida and Los Angeles are posting daily record numbers every week, while President Donald Trump focuses on reopening the economy and the US-China trade deals. I expect this number to slowly creep up as the full effects the second wave of the Coronavirus becomes evident. Analysts predict Jobless Claims to drop to 1.29m from 1.3m previously. We have seen this mindset in the market, which discounts negative news and rallies on positive news. This is partially due to liquidity propping up many markets. Investors and traders must take this into account when placing trades.
SP:SPX
by BlackBull_Markets
NZDCAD => Strong Resistance Market at Bounce Backwe appreciate your coming for taking the time to read our idea please do not forget to hit the like it's our only reward🙌 If one of our idea can help one other person , then to me, that is success. Strive to be authentic, not perfect. Share your Ideas in Comments – that’s what enables Traders to connect. And know that there is always someone listening – => if You Need Trading guide, any Notes, any information about trading Feel free to message us through Trading view. Check today analysis ___________________________________________________________________________ Before trading our ideas make your own analysis and research properly. Forex Trading are leveraged product & can result in the loss of your entire capital. Please ensure you fully understand the Risks involved. >> I’d like to close with a big thank you. Thank you for reading and for helping us to grow. But most of all thank you for being a part of our journey… With love, Trading Fleet Team
Short
by trading_Fleet
1
Reserve Bank of New Zealand Slashes Interest RateThe unexpected interest rate cut last Wednesday from the Reserve Bank of New Zealand caused a wave of shock to other major currency pairs in recent sessions. Analysts believed that the depleting value of the Chinese yuan has pushed China’s allied country, New Zealand, to take actions. The Chinese government allowed the yuan to go down as a countermeasure for Trump’s tariffs. The Reserve Bank of New Zealand has slashed the NZD interest rate on 50 basis points. The moved startled the market, catching traders and analysts off guard. Before the announcement on Wednesday, analysts were expecting a 25-basis point rate cut from the Reserve Bank of New Zealand. However, the outcome went beyond expectations. The move of the RBNZ has caused some major currency pairs to surge or drop. The AUD was one of the most affected currencies. AUD traders shifted to bearish stance after the news broke. Analysts are expecting the Central Bank of Australia to follow the steps of the Reserve Bank of New Zealand. The AUD struggled against the USD on Wednesday but somehow managed to recover on Thursday inching up 0.46% or 0.0031 points. The USDNZD had an opposite run, the pair surged on Wednesday but was seen inching back down on Thursday sessions. Meanwhile, the AUDNZD continued its rally since the announcement on Wednesday. The AUDNZD gained another 0.17% on Thursday, however, gains were limited are expected to slow down in future sessions. Another Cut? The Reserve Bank of New Zealand’s new OCR came as a surprise to some who are expecting a lower 25 bps. After the move, analysts are now expecting a smaller cut soon. According to a report, officials of the Reserve Bank of New Zealand debated over a 25 bps and 50 bps rate cut. But the decision came to a 50 bps after officials were assured that the move will meet the inflation and employment goals of the country. Concerns about the impact of the massive trade conflict between China and the United States have weighed on New Zealand’s economy. The country has recorded its economy of slowing down to 2.5% after investors lose their confidence because of the trade war. The weakening consumer sentiment and the drop in house prices have all burdened New Zealand’s economy. The RBNZ anticipates the economic growth rate to inch up to 2.7% after the said cut. The bank said that it expects business investments to rise due to the low interest rates. Source
by Financebroker