Imre Speizer, analyst at Westpac, explains that the NZD/USD pair has rebounded last week as the US dollar fell and there’s potential for it to rise further towards the 0.6900-0.6940 area if the US dollar remains subdued. Key Quotes “NZ data next Wed and Thu should be NZD negative on the day, and possibly beyond if markets think it’s enough to cause a shift in RBNZ stance.” “OIS markets are pricing a 90% chance of an RBNZ rate cut by March 2020, and a major GDP disappointment should see a cut fully priced.” “Aside from the above negatives, NZD/USD looks fairly priced, according to our yield and commodity based model. And CFTC speculative positioning has flipped from extremely short to neutral.” “So our multi-month forecast of 0.66 requires fair value to shift lower, via a fall in NZ-US yield spreads.” 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 EU Commission: EU27 would have to decide unanimously on an extension if one is requested FX Street 4 years Imre Speizer, analyst at Westpac, explains that the NZD/USD pair has rebounded last week as the US dollar fell and there's potential for it to rise further towards the 0.6900-0.6940 area if the US dollar remains subdued. Key Quotes "NZ data next Wed and Thu should be NZD negative on the day, and possibly beyond if markets think it's enough to cause a shift in RBNZ stance." "OIS markets are pricing a 90% chance of an RBNZ rate cut by March 2020, and a major GDP disappointment should see a cut fully priced." "Aside from the above negatives, NZD/USD looks… 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.
