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FxWirePro: Kiwi falls drastically against major peers after RBNZ’s cash rate decision

  • AUD/NZD is currently trading around 1.0435 marks.
     
  • Pair made intraday high at 1.0444 and low at 1.0309 marks.
     
  • Intraday bias remains bullish for the moment.
     
  • A sustained close above 1.0364 will drag the parity higher towards key resistances around 1.0428/1.0488/1.0540/1.0570/1.0590/1.0634 levels respectively.
     
  • Alternatively, a daily close below 1.0329 will take the parity down towards key supports around 1.0275/1.0237/1.0192  marks respectively.
     
  • New Zealand March cash rate stays flat at 1.75 % (forecast 1.75 %) vs previous 1.75 %.
     
  • RBNZ - More likely direction of our next OCR move is down,
     
  • RBNZ - Expect low interest rates, increased govt spending and investment to support growth over 2019.
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2019-07-02 15:32:08
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July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 766467766467m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 766467766467m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 778287778287m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 766467766467m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 778287778287m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 766467766467m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 766467766467m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 766467766467m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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