Partner Center Find a Broker

With no major data scheduled from New Zealand, traders will likely trade the Kiwi as a high-yielding bet in the next few days.

Planning on trading the comdoll?

Here are the points you need to watch out for:

Lower-tier economic releases

    • Trade balance (Oct 26, 9:45 pm GMT) is expected to show a deficit of 800M NZD in September (from 353M NZD in August) as imports outpace exports
    • ANZ business confidence (Oct 29, 12:00 am GMT) – a report that the Reserve Bank of New Zealand (RBNZ) will likely pay attention to – could improve from -28.5 to -14.5 in October

Overall risk sentiment

      • NZD has been strengthening across the board lately, which makes it more vulnerable than its other high-yielding peers in case risk sentiment turns sour
      • Pandemic-related updates (rising number of cases, lockdowns, stimulus, vaccine) will continue to affect global risk-taking
      • Top-tier reports from other major economies such as Australia’s quarterly inflation; France, Germany, and U.S.’GDPs, and China’s PMI reports can influence the demand for high-yielding currencies
      • Brexit and stimulus negotiations, in particular, will attract the market players’ focus for the week

Technical snapshot

      • Stochastic is flagging Kiwi’s “overbought” conditions against the dollar and Aussie
      • NZD remains in somewhat neutral territory against JPY and GBP
NZD Forex Pairs Stochastic from MarketMilk
NZD Forex Pairs Stochastic from MarketMilk
      • EMAs reflect NZD’s short and long-term bullish trends against most of its major counterparts
      • NZD/CHF remains in a bearish trend though it’s seeing short-term demand
      • Watch out for the Kiwi finally trading above the 200 EMA against the euro
NZD Forex Pairs EMA from MarketMilk
NZD Forex Pairs EMA from MarketMilk
      • Kiwi was most volatile against the European currencies (EUR, GBP, CHF) and the dollar in the last seven days
NZD Forex Pairs Volatility from MarketMilk
NZD Forex Pairs Volatility from MarketMilk