According to Imre Speizer, analyst at Westpac, the early Oct rise in NZD/USD from 0.6204 to 0.6337 has the potential to extend to the 0.6400 area over the next week. Key Quotes “Speculators appear to be extremely short the NZD, according to CFTC futures data (chart across), providing one source of support. However good US-China trade news is probably required to give the NZD a meaningful lift near term.” “Next week’s CPI data will need to be quite weak to surprise the RBNZ which has forecast a fall in the annual pace from 1.7% to 1.3%.” “Multi-month, though, we remain bearish, targeting 0.6130 which was the 2015 low. We expect the NZD to be weighed down by slowing economic growth which is likely to persist until year-end. At the same time, we expect the USD to benefit from trade wars and global risks.” 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 Forex News Today: Daily Trading News share Read Next NZD/USD consolidates gains, trades above 0.6320 after US data FX Street 3 years According to Imre Speizer, analyst at Westpac, the early Oct rise in NZD/USD from 0.6204 to 0.6337 has the potential to extend to the 0.6400 area over the next week. Key Quotes "Speculators appear to be extremely short the NZD, according to CFTC futures data (chart across), providing one source of support. However good US-China trade news is probably required to give the NZD a meaningful lift near term." "Next week's CPI data will need to be quite weak to surprise the RBNZ which has forecast a fall in the annual pace from 1.7% to 1.3%." "Multi-month, though, we remain… 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.
