Please disable Ad Blocker before you can visit the website !!!


by SignalFactory   ·  November 12, 2021 | 13:49:19 UTC  


by SignalFactory   ·  November 12, 2021 | 13:49:19 UTC  

The NZD/USD slides for the third day in a row, down 0.36%, trading at 0.7034 during the New York session at the time of writing. Early in the Asian Pacific session, the New Zealand dollar capped its downfall for a couple of hours around the 0.7054-0.7071 range. However, it failed to gain traction amid a light NZ economic calendar before dropping towards 0.7000, driven by US dollar demand.

On Wednesday, US inflation rose to levels last seen in the 1990s. The Consumer Price Index (CPI) for October rose sharply to 6.2%, higher than the 5.3% foreseen. The so-called core CPI that excludes volatile items like energy and food edged up to 4.6%, higher than the 4% estimated, per the US Labor Department.

“The transitory inflation argument is coming under increasing scrutiny, and the risk of a policy error on inflation has the potential to unsettle risk appetite,” per ANZ analysts In a report for customers. Further, the bank added that it seems inevitable that there would be upward revisions in inflation forecasts and in the dot plot when the Fed releases its Summary of Economic Projections (SEP) in the next meeting.

It is worth noting that Philadelphia Fed’s Harker argued that the Fed can raise rates while still tapering if necessary, adopting a tool that the Bank of England (BoE) would use as it begins to tighten economic conditions in the UK.

US Dollar Index breaks above 95.00 for the first time since July 2020
Meanwhile, the greenback successfully gains traction after the US CPI report, extending its lead against most G8 currencies. The US Dollar Index, which tracks the buck’s performance versus a basket of six rivals, advances 0.15%, breaking above 95 for the first time since July 2020, sitting at 95.03.

Therefore, for the remainder of the week, the NZD/USD price action will lie in the hands of US dollar dynamics and market sentiment. On Friday, the New Zealand economic docket will feature Business NZ PMI for October, with the previous reading at 51.4. ( New Zealand stepped up to 54.3 in October of 2021)

On the US front, the University of Michigan Consumer Sentiment Index for November will be revealed. Also, New York Fed’s President John Williams will speak at a virtual conference hosted by the New York Fed.

NZD/USD Short (Sell)
Enter At: 0.70034
T.P_1: 0.69572
T.P_2: 0.69033
S.L: 0.70667

All information on this website is of a general nature. The information is not adapted to conditions that are specific to your person or entity. The information provided can not be considered as personal, professional or legal advice or investment advice to the user. This website and all information is intended for educational purposes only and does not give financial advice. Signal Factory is not a service to provide legal and financial advice; any information provided here is only the personal opinion of the author (not advice or financial advice in any sense, and in the sense of any act, ordinance or law of any country) and must not be used for financial activities. Signal Factory does not offer, operate or provide financial, brokerage, commercial or investment services and is not a financial advisor. Rather, Signal Factory is an educational site and a platform for exchanging Forex information. Whenever information is disclosed, whether express or implied, about profit or revenue, it is not a guarantee. No method or trading system ensures that it will generate a profit, so always remember that trade can lead to a loss. Trading responsibility, whether resulting in profits or losses, is yours and you must agree not to hold Signal Factory or other information providers that are responsible in any way whatsoever. The use of the system means that the user accepts Disclaimer and Terms of Use. Signal Factory is not represented as a registered investment consultant or brokerage dealer nor offers to buy or sell any of the financial instruments mentioned in the service offered. While Signal Factory believes that the content provided is accurate, there are no explicit or implied warranties of accuracy. The information provided is believed to be reliable; Signal Factory does not guarantee the accuracy or completeness of the information provided. Third parties refer to Signal Factory to provide technology and information if a third party fails, and then there is a risk that the information may be delayed or not delivered at all. All information and comments contained on this website, including but not limited to, opinions, analyzes, news, prices, research, and general, do not constitute investment advice or an invitation to buy or sell any type of instrument. Signal Factory assumes no responsibility for any loss or damage that may result, directly or indirectly, from the use or dependence on such information. All information contained on this web site is a personal opinion or belief of the author. None of these data is a recommendation or financial advice in any sense, also within the meaning of any commercial act or law. Writers, publishers and affiliates of Signal Factory are not responsible for your trading in any way. The information and opinions contained in the site are provided for information only and for educational reasons, should never be considered as direct or indirect advice to open a trading account and / or invest money in Forex trading with any Forex company . Signal Factory assumes no responsibility for any decisions taken by the user to create a merchant account with any of the brokers listed on this website. Anyone who decides to set up a merchant account or use the services, free of charge or paid, to any of the Forex companies mentioned on this website, bears full responsibility for their actions. Any institution that offers a service and is listed on this website, including forex brokers, financial companies and other institutions, is present only for informational purposes. All ratings, ratings, banners, reviews, or other information found for any of the above-mentioned institutions are provided in a strictly objective manner and according to the best possible reflection of the materials on the official website of the company. Forex trading is potentially high risk and may not be suitable for all investors. The high level of leverage can work both for and against merchants. Before each Forex investment, you should carefully consider your goals, past experience and risk level. The opinions and data contained on this site should not be considered as suggestions or advice for the sale or purchase of currency or other instruments. Past results do not show or guarantee future results. Neither Signal Factory nor its affiliates ensure the accuracy of the content provided on this Site. You explicitly agree that viewing, visiting or using this website is at your own risk.

Signal Factory is now on Telegram

make sure to join our Telegram channel now and you will not miss any update