by SignalFactory · November 11, 2019 | 07:36:53 UTC
USD was in the spotlight on Friday as it powered ahead against all FX
markets are certainly running off each swing in the sentiment from the Trade
Deal progress between the US & China. The latest headline and commentary
from US President Trump suggested that things “progressing very well”, but he
also commented that they aren’t moving fast enough.
the USD was well Bid on Friday sending Gold & Silver lower and US Equities
where does this sentiment leave the risk currencies such as the NZD/USD?
expectation of an interest rate cut of 0.25% this week for the RBNZ keeps it
pressured for now. NZD/USD dealing at 0.6330 after a decent reset under the
‘Key Level’ 6380.
sentiment overflowing from the positive trade progress makes NZD/USD very
markets are pricing for a rate cut this week, but the further emphasis is now
placed upon forwarding guidance for the update on what the RBNZ is likely to
attempt to do with their OCR (overnight Cash Rate) in 2020.
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