US Gas Market Poised for Supercycle: Bernstein Analysts 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Wall Street Analysts Weigh in on Latest NFP Data 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
NZD/USD chart on Trading View used for analysis
- NZD/USD pauses downside at 200-DMA support, break below to see further weakness.
- The pair has retraced from highs at 0.6969 hit on Dec 4th. Doji formation at highs keeps scope for downside.
- RSI and Stochs have turned lower. Upside remains capped at 5-DMA.
- Markets eye U.S. Non-farm payrolls report later today at 13:30 GMT.
- Non-farm payrolls are expected to rise by 205,000 in November, down from the prior month's exceptional 250,000.
- The unemployment rate is predicted to remain at 3.7% and annual average hourly earnings to have increased 3 % last month as in October.
- Upbeat data could put a strong bid under the US dollar, hence adding to downside pressure on the pair.
- Break below 200-DMA could see downside till 110-EMA at 0.6741. Further weakness only on break below.
- Bounce off 200-DMA negates bearish bias. Resumption of upside and test of 0.6969 then likely.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
