Retail Sales in New Zealand rose more than expected in third quarter. US Dollar Index continues to consolidate last week’s gains. Coming up: CB Consumer Confidence Index from US and RBNZ Financial Stability report. The NZD/USD pair registered small daily gains on Monday and continues to trade in the positive territory on Tuesday. However, the lack of momentum behind the pair’s movements suggests that it is unlikely to break out of its trading range anytime soon. As of writing, the pair was up 0.1% on a daily basis at 0.6422. Earlier in the day, the data published by Statistics New Zealand revealed that Retail Sales in New Zealand rose 1.% in the third quarter following a dismal 0.2% in the second quarter and beat the market expectation of 1.2% to help the NZD preserve its strength against its major rivals. Later in the day at 20:00 GMT, the Reserve Bank of New Zealand (RBNZ) will publish its Financial Stability report ahead of Trade Balance data and RBNZ Governor Orr’s speech. Can USD extend last week’s rally? On the other hand, after closing the previous week in the positive territory, the US Dollar Index is staying calm near the 98.30 mark for the second straight day as investors are waiting for key macroeconomic data releases. Later in the session, Goods Trade Balance, New Home Sales, and the Conference Board’s Consumer Confidence Index from the US will be watched for fresh catalysts. More importantly, the third-quarter Gross Domestic Product report on Wednesday and the Personal Consumption Expenditures (PCE) Price Index on Thursday could bring volatility back into the FX markets. Technical levels to watch for 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 EUR/USD Technical Analysis: Euro stuck above 1.1000 handle in the New York session FX Street 3 years Retail Sales in New Zealand rose more than expected in third quarter. US Dollar Index continues to consolidate last week's gains. Coming up: CB Consumer Confidence Index from US and RBNZ Financial Stability report. The NZD/USD pair registered small daily gains on Monday and continues to trade in the positive territory on Tuesday. However, the lack of momentum behind the pair's movements suggests that it is unlikely to break out of its trading range anytime soon. As of writing, the pair was up 0.1% on a daily basis at 0.6422. Earlier in the day, the data published by Statistics New… 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.
