The riskier New Zealand dollar skyrocketed and pushed the NZD/USD pair up to the resistance level of 0.7150. How to trade it now?
Tag - nzd - new zealand dollar
The Reserve Bank of New Zealand will make a policy statement on August 18 at 05:00 MetaTrader time (GMT+3).
Australia will release the employment change and unemployment rate on August 19, at 04:30 MetaTrader time (GMT+3).
Read a short market wrap before trading today!
Moderna rocketed after an announcement that it is going to join the S&P 500 index. The New Zealand dollar surged after the nation’s inflation surpassed the central bank’s target level.
The NZD rocketed after the Reserve Bank of New Zealand claimed it would end quantitative easing this month. Jump in to know more!
The earnings season starts today! Traders await a report from Goldman Sachs at 14:30 GMT+3.
Much impactful news will come out! Read the article to get fresh trade ideas for the whole week!
Risk aversion dominates in the financial markets as the resurgent of coronavirus cases may slow global growth. Thus, safe-haven currencies are rising such as the CHF, the JPY, the USD, and riskier assets and commodity-linked currencies (the CAD and the AUD) are weakening.
Jump in to get the latest market news and trade ideas on gold, EUR/USD, and NZD/USD!
Ichimoku Kinko Hyo EUR/JPY: The pair is trading above the cloud…
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.