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Interest rate cut speculations and economic recovery concerns kept comdolls like the Kiwi in the backseat last week.

Will we see some buying in the next few days?

Here are potential catalysts that might affect your comdoll trades:

NZIER business confidence (Oct 19, 9:00 pm GMT)

Quarterly inflation (Oct 22, 9:45 pm GMT)

Market risk sentiment

  • COVID-19 headlines will continue to influence risk-taking. Watch out for updates on lockdowns, stimulus, and vaccine development.
  • The final debate between President Trump and former VP Biden on Thursday could inspire volatility across the major currencies
  • China’s data dump today at 2:00 am GMT can affect NZD’s trends as China is one of New Zealand’s biggest trading partners
  • PMI reports from the European region can also paint a picture of global economic recovery and can affect overall risk-taking

Technical snapshot

  • Stochastic considers the Kiwi “overbought” against the Aussie
  • NZD/CAD looks ready to hit “oversold” territory
  • NZD/USD and NZD/JPY remain at neutral levels on the daily time frame
NZD Forex Pairs Stochastic from MarketMilk
NZD Forex Pairs Stochastic from MarketMilk
  • EMAs show a short-term demand for the Kiwi
  • NZD/CHF remains mostly bearish on the daily time frame
  • Watch out for a potential reversal on EUR/NZD
NZD Forex Pairs EMAs from MarketMilk
NZD Forex Pairs EMAs from MarketMilk
  • NZD saw the most volatility against GBP, JPY, CHF, and USD in the last seven days
NZD Forex Pairs Volatility from MarketMilk
NZD Forex Pairs Volatility from MarketMilk