EUR/USD 1.17888
0.055%
Gold 4982.58
0.130%
Oil 65.319
0.653%
USD/JPY 155.226
0.262%
GBP/USD 1.34888
-0.023%
GBP/JPY 209.395
0.251%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Gates Foundation: Microsoft (MSFT.O) co-founder Bill Gates will miss the keynote address at the Delhi AI Summit to "ensure the summit focuses on core issues."Tesla (TSLA.O): Tesla (TSLA.O) owners have accumulated more than 8 billion miles in FSD (Full Self-Driving) monitoring mode.S&P: Investor sentiment is key to Indonesias sovereign credit support.Tencent Wealth Managements current account + 7-day annualized yield ranges from a maximum of 1.2810% to a minimum of 0.8410%. WeChat Pays 7-day annualized yield ranges from a maximum of 1.1230% to a minimum of 1.0310%. Alipays Yuebaos 7-day annualized yield ranges from a maximum of 1.1270% to a minimum of 1.0090%.On February 19, Fu Cong, Chinas Permanent Representative to the United Nations, stated on February 18 at the general debate of the 2026 session of the Special Committee on the UN Charter and Strengthening the Role of the United Nations that, faced with a complex and volatile international situation, upholding multilateralism, strengthening the role of the United Nations, and reforming and improving global governance are the common aspirations of all countries. The international community needs to abide by the UN Charter and safeguard the authority of the United Nations more than ever before. Fu Cong pointed out that maintaining international peace and security is one of the purposes of the UN Charter. Chinas proposed global security initiatives advocate a common, comprehensive, cooperative, and sustainable security concept, providing a Chinese solution for addressing the global peace deficit and resolving the security dilemma. China is willing to work with all countries in the world to actively implement the initiatives and jointly address various traditional and non-traditional security challenges.

NZDUSD is negative below 0.5900 despite the introduction of USD buying

Alina Haynes

Nov 07, 2022 17:58

 截屏2022-11-07 下午5.13.14.png

 

Following a modest bearish gap opening to the 0.5855-0.5850 range on Monday, the NZDUSD pair experiences some buying, but is unable to capitalize on the move. Spot prices retreat a few pips from the day's high and continue on the defensive below the 0.5900 mark as the US Dollar recovers minor territory at the start of the European session.

 

On the first day of the new week, the USD regains some upward momentum and recovers a bit of Friday's fall following the announcement of the NFP. In fact, the monthly US jobs report's mixed results fueled rumors that the Federal Reserve may slow the pace of future rate hikes, which weighed heavily on the US dollar. Nonetheless, higher US Treasury bond yields and a softer tone help limit dollar losses and act as a drag for the NZDUSD pair.

 

Concerns of headwinds stemming from China's intention to maintain its economically harmful zero-COVID policy have weakened investor confidence. This occurs in the midst of the protracted Russia-Ukraine conflict and leads to escalating fears regarding the worsening global economic crisis. Even from a technical perspective, bullish traders should be mindful of the emergence of fresh selling ahead of the middle of the 0.59 range. Before positioning for any significant NZDUSD pair gain, it is prudent to await sufficient follow-through buying.

 

The United States is not anticipated to release any market-moving economic data, leaving the USD vulnerable to US bond yields. Aside from this, traders will take cues from the overall risk sentiment of the market in order to capitalize on short-term opportunities involving the risk-sensitive New Zealand dollar. However, the mixed underlying environment may cause short-term traders to remain on the sidelines until the release of the latest US consumer inflation data on Thursday.


Suggestion