EUR/USD 1.12475
0.195%
Gold 3329.23
0.706%
Oil 60.840
1.530%
USD/JPY 145.227
-0.478%
GBP/USD 1.32757
0.231%
GBP/JPY 192.805
-0.216%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Federal Reserve Board Governor Kugler: First quarter GDP shows that the real side of the economy is resilient.Federal Reserve Board Governor Kugler: Our current monetary policy stance is moderately tight.On May 9, European Commission President Ursula von der Leyen said that once a specific trade plan is on the table, she could envision visiting Washington to meet with Trump to discuss trade negotiations. "If I go to the White House, I hope there is a package that we can discuss," von der Leyen said. "It has to be specific, and I hope there is a solution that we can both agree on. Thats what were working on now." Last month, von der Leyen met briefly with Trump at Pope Francis funeral, but a formal meeting has not yet taken place. On Thursday, the European Commission announced that if trade negotiations with the United States fail to produce satisfactory results, the EU will impose additional tariffs on 95 billion euros of US exports. Von der Leyen said on Friday that the EU prefers to resolve the issue through negotiations to avoid tariff escalation, but is developing countermeasures that can be implemented if a "satisfactory result" cannot be reached.On May 9, ECB board member Simkus said that since the eurozone economy has not yet felt the full impact of US tariffs, inflation is expected to continue to slow, but the ECB must further lower interest rates. He said that although economic activity performed well at the beginning, recent geopolitical trends, including US President Trumps trade threats, are bad news. At the same time, he saw "clear anti-inflationary forces" at work. He said, "For me, the June decision was very clear that another rate cut was needed." He said, "It is possible to cut interest rates again after June," although the timing is unclear. The ECB has cut interest rates seven times since June last year, and officials have said they are ready to take more measures as US tariffs threaten economic growth.Federal Reserve Board Governor Kugler: It is not appropriate to use a single indicator to guide the maximum employment target.

NZD/JPY Price Analysis: Falls to 84.40 as RBNZ inflation forecasts fall

Alina Haynes

Aug 08, 2022 11:55

 截屏2022-08-08 上午11.50.52.png

 

The NZD/JPY pair surpassed the immediate hurdle of 84.62 during the Asian session, but has since retreated back into the woods due to an unexpected decline in Reserve Bank of New Zealand (RBNZ) inflation forecasts. The economic data has been provided at a rate of 3.07 percent, which is less than the previous rate of 3.29 percent. The cross has exhibited a bullish open-drive session, in which the asset begins rising from the very first tick of the session. On a broader scale, the asset has broken to the upside from the consolidation created between 83.50 and 84.07 dollars.

 

On an hourly scale, the asset surpassed the downward-sloping trendline drawn from the 20 July high at 86.60, but it has since retreated. In addition, the cross is finding support near the 50 percent Fibonacci retracement level of 84.32 (which is located between the 20 July high of 86.60 and the 2 August low of 82.14)

 

At 84.00 and 84.11. respectively, the asset has surpassed the 50-period and 200-period Exponential Moving Averages (EMAs). Notable is the fact that the 200-EMA is selling for more than the 50-EMA, indicating that purchasing interest is exceptionally strong.

 

In addition, the Relative Strength Index (RSI) (14) has moved into the zone of 60.00-80.00, enhancing the upward filters. A break over Monday's high of 84.72 will propel the asset to the 61.8 percent Fibo level at 84.90, followed by the high of July 27 at 85.65.

 

In contrast, yen bulls could gain impetus if the cross falls below the 50-day exponential moving average (EMA) at 84.00. The asset will fall to Thursday's low of 83.46 and the 23.65 Fibonacci retracement level of 83.19 should a similar event occur.


Suggestion