New Zealand won’t be printing top-tier reports this week, which means Kiwi traders will watch for other potential movers. Here’s a list of catalysts for you!
Market risk sentiment
- ICYMI, Iraq’s parliament voted to boot out U.S. troops while Iran no longer considers itself bound by the 2015 nuclear deal after last week’s U.S. attack on a top Iran military commander
- Forex catalysts that can affect NZD include employment data from the U.S. and Canada, as well as top-tier data scheduled in Australia
- It’s the first full trading week of the year, which should see more traders pricing in last week’s major themes
- Higher-yielding bets could receive some support from traders who closed their books at the end of the year and are ready for some risk
- Williams %R considers NZD as “oversold” against CAD and JPY
- GBP/NZD is “bullish but weakening” on the longer time frames and “bearish” with shorter-term SMAs. Watch out for potential retracements or reversals!