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4 May 2015
NZD/USD: Awaits key events this week
FXStreet (Guatemala) - NZD/USD is currently trading at 0.7523 with a high of 0.7540 and a low of 0.7507.
NZD/USD is consolidated as we await key events to take hold this week. We have heard from Fed Evans already, who is sticking to the idea that there will not be a hike until 2016 in the US. We will hear from Williams next. There are a number of releases from the US but the key will be the Nonfarm payrolls at the end of the week. However, we also get the full picture of the NZ jobs market with the unemployment rate. This is expected to drop from 5.7% to 5.5% with wage growth at a stand still at 0.5%.
Technically, the pair is relatively static, trading within neutral territory still although remains well below the 100/200 DMA's and is settled in the bears layer on a broader and longer term outlook. Fundamentals weigh on the pair post the RBNZ's April dovish statement.
NZD/USD is consolidated as we await key events to take hold this week. We have heard from Fed Evans already, who is sticking to the idea that there will not be a hike until 2016 in the US. We will hear from Williams next. There are a number of releases from the US but the key will be the Nonfarm payrolls at the end of the week. However, we also get the full picture of the NZ jobs market with the unemployment rate. This is expected to drop from 5.7% to 5.5% with wage growth at a stand still at 0.5%.
Technically, the pair is relatively static, trading within neutral territory still although remains well below the 100/200 DMA's and is settled in the bears layer on a broader and longer term outlook. Fundamentals weigh on the pair post the RBNZ's April dovish statement.