19 March, 2015 by Aayush Jindal in Market Analysis
US dollar weakened a lot overnight as the fed stayed away from aggressive stance for hiking rates.
In the New Zealand, the Gross Domestic Product was released by the Statistics New Zealand posted an increase of 0.8% in the fourth quarter of 2014.
NZDUSD breached a major resistance of 0.7440, which might now act as a support.
New Zealand GDP
12 March, 2015 by Aayush Jindal in Market Analysis
New Zealand dollar managed to gain traction recently after the RBNZ interest rate announcement.
RBNZ Interest Rate Decision was announced by the Reserve Bank of New Zealand in which the central bank kept the interest rate unchanged at 3.5%.
NZDUSD surged higher and broke the 0.7280 resistance area.
EURUSD continues to fall and traded as low as 1.0510.
11 February, 2015 by Aayush Jindal in Market Analysis
New Zealand dollar traded lower against the US dollar as sellers managed to defend the 0.7450 resistance area successfully.
New Zealand REINZ House Price Index was released earlier today which registered a decline of 1% in January 2015.
NZDUSD moved lower to test the 0.7400 support area where buyers appeared.
New Zealand REINZ House Price Index
04 February, 2015 by Aayush Jindal in Market Analysis
New Zealand Employment Change and unemployment rate report was released by the Statistics New Zealand, which pointed higher employment change and participation rate.
Employment change came in at 1.2% in the fourth quarter of 2014, compared with the forecast of 0.8%.
Unemployment rate increased from 5.4% to 5.7% whereas the market was expecting a decline t...