Latest New Zeland macroeconomic figures are showing the economy is slowing down.
Employment Change (QoQ) (Q4) 0.1%
Labor Cost Index (QoQ) (Q4) 0.5%
Labor Cost Index (YoY) (Q4) 2.0%
Participation Rate (Q4) 70.90%
Unemployment Rate (Q4) 4.3%
BNZ, which is one of the most dovish central banks by stating that it will not increase any interest rates until the end of 2020, can continue to hold its dovish stance in the next week’s meeting with this data.
On the other hand, the FED is still the safest haven with its USD 2.5% interest rate even though its dovish stance.
Economic Calendar
The most important calendar data for the pair is undoubtedly RBNZ meeting on February 13th – No policy change is expected
If the negotiations between the US and China to be held on February 28th do not result in a market expectation, the market may switch to risk-off mode. This may be catalysed for new decreases in the pair.
Technically:
The pair broke the short term bullish trend line. We see a triangle pattern on the daily charts. The pair is likely to test the baseline of the triangle 0.66500. Breakout of the triangle will trigger the bearish move.
Invalidation level of the pattern is 0.69500.
Breakout Level is 0.66500
Targets will be:
0.6590
0.6550
0.6440
Employment Change (QoQ) (Q4) 0.1%
Labor Cost Index (QoQ) (Q4) 0.5%
Labor Cost Index (YoY) (Q4) 2.0%
Participation Rate (Q4) 70.90%
Unemployment Rate (Q4) 4.3%
BNZ, which is one of the most dovish central banks by stating that it will not increase any interest rates until the end of 2020, can continue to hold its dovish stance in the next week’s meeting with this data.
On the other hand, the FED is still the safest haven with its USD 2.5% interest rate even though its dovish stance.
Economic Calendar
The most important calendar data for the pair is undoubtedly RBNZ meeting on February 13th – No policy change is expected
If the negotiations between the US and China to be held on February 28th do not result in a market expectation, the market may switch to risk-off mode. This may be catalysed for new decreases in the pair.
Technically:
The pair broke the short term bullish trend line. We see a triangle pattern on the daily charts. The pair is likely to test the baseline of the triangle 0.66500. Breakout of the triangle will trigger the bearish move.
Invalidation level of the pattern is 0.69500.
Breakout Level is 0.66500
Targets will be:
0.6590
0.6550
0.6440
PM for Live Singals.
🎯 Cycle Sniper and other MT4 Indicator: mql5.com/en/users/elmirair/seller
📊 Join Traders Times on YouTube for Daily Market Prep & Setups (Macro + Technical + Algo):youtube.com/@traderstimestv
🎯 Cycle Sniper and other MT4 Indicator: mql5.com/en/users/elmirair/seller
📊 Join Traders Times on YouTube for Daily Market Prep & Setups (Macro + Technical + Algo):youtube.com/@traderstimestv
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
PM for Live Singals.
🎯 Cycle Sniper and other MT4 Indicator: mql5.com/en/users/elmirair/seller
📊 Join Traders Times on YouTube for Daily Market Prep & Setups (Macro + Technical + Algo):youtube.com/@traderstimestv
🎯 Cycle Sniper and other MT4 Indicator: mql5.com/en/users/elmirair/seller
📊 Join Traders Times on YouTube for Daily Market Prep & Setups (Macro + Technical + Algo):youtube.com/@traderstimestv
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.