NZD/USD trading below the support zone of 0.66 ahead of RBNZ decision later this week, the investors waiting for further insights on the views of the central bank on negative interest rates and economic forecasts.
Important Levels to watch this week:
Support: 0.6550 and 0.6510
During the early Asian session, the RBNZ released their biannual Financial Stability Report. In it, the Bank expressed continued concerns over Auckland’s rising housing market and also low dairy prices.
No new macro-prudential measures were introduced to help curb New...
The week is relatively quiet with Forex News events. On Thursday we will be monitoring data releases during London session, there is chance to see volatility on the GBP due to BOE Inflation Report, MPC Official Bank Rate Votes and Official Bank Rate. Friday there are important releases from US -...
RBNZ Rate Statement and Press Conference are the most important Forex News Trading Events this week.
Other high-impact events worth keeping an eye on:
3:25am BST - China's Trade Balance
- G7 Meetings
1:30pm BST - Canadian Building...