New Zealand Consumer Price Index has been released as follows: New Zealand inflation for Q4 2020: CPI 0.5% QoQ vs expected 0%, prior 0.7%). YoY 1.4% vs 1% expected and 1.4% prior. NZD/USD was testing below 0.7200 in the run-up to the data but has spiked to 0.72199 on the release. NZD/USD technical analysis NZD/USD had completed a 38.2% Fibonacci retracement on the 4-hour time frame and can be projected to extend to 0.7235: Meanwhile, the market is bearish below 0.7170. Description of the Consumer Price Index Consumer Price Index released by the Statistics New Zealand is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchasing power of NZD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the NZD, while a low reading is seen as negative. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD jumps above 0.7200 on strong New Zealand Q4 CPI FX Street 2 years New Zealand Consumer Price Index has been released as follows: New Zealand inflation for Q4 2020: CPI 0.5% QoQ vs expected 0%, prior 0.7%). YoY 1.4% vs 1% expected and 1.4% prior. NZD/USD was testing below 0.7200 in the run-up to the data but has spiked to 0.72199 on the release. NZD/USD technical analysis NZD/USD had completed a 38.2% Fibonacci retracement on the 4-hour time frame and can be projected to extend to 0.7235: Meanwhile, the market is bearish below 0.7170. Description of the Consumer Price Index Consumer Price Index released by the Statistics New Zealand is a measure of price movements by the comparison… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
