Dollar Index (DXY) Should Continue Lower

NZDUSD continues to trade sideways It is almost at the midpoint of its 2023 rectangle Momentum indicators are in waiting mode NZDUSD is in the green today but it continues to range-trade. Market participants appear to be in waiting mode with the bears trying to engineer another correction in order to recoup part of the […]

The New Zealand economy grew by 0.2% in the March quarter, beating our forecast of a modest decline. However, the details don’t change our view of the underlying strength of activity. Key results Quarterly change: +0.2% (last: -0.1%, Westpac f/c: -0.2%, market f/c: +0.1%, RBNZ +0.2%) Annual change: +0.3% (Last -0.3%, Westpac f/c -0.2%, RBNZ […]

GBPJPY unlocks a new high after the Bank of Japan defies expectations of reduced bond purchases Technical signs are positive, but the bulls need to breach the 201 obstacle GBPJPY stepped on the long-term ascending line at 200 and jumped to a new 14-year high of 201.59 in the BoJ aftermath on Friday with scope […]