Tag Archives: New Zealand
New Zealand Dollar Dips as RBNZ Cut Rates
The Reserve Bank of New Zealand (RBNZ) has surprised markets by cutting its benchmark rate by 25 basis points to 5.25%, the first reduction since March 2020. This unexpected move, which indicates a pronounced dovish stance, comes as inflation approaches the 1% to 3% target range. (RBNZ’s Official Cash Rate) Previously, rate cuts were not […]
Focus on NZDUSD today – 13th Aug, 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the NZDUSD for Aug 13, 2024. Key Takeaways Technical Analysis Daily Chart Insights 1-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
Focus on NZDUSD today – 25th July 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the NZDUSD for July 25 2024. Key Takeaways Technical Analysis Daily Chart Insights H1 Chart Insights Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
RBNZ Holds Rates Steady as Inflation Eases; Kiwi Weakens
During its July 2024 policy meeting, the Reserve Bank of New Zealand maintained its official cash rate (OCR) at 5.5%, marking the eighth consecutive rate pause and aligning with market expectations. The Committee noted that the restrictive monetary policy has been effective in reducing capacity pressures and consumer price inflation. Headline inflation dropped to 4% […]
Focus on NZDUSD today – 9th July, 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the NZDUSD for July 9, 2024. Key Takeaways Technical Analysis Daily Chart Insights 4-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
New Zealand Economy Rebounds with Modest Growth in Q1 2024
In the first quarter of 2024, New Zealand’s economy experienced a quarter-on-quarter expansion of 0.2%, marking a turnaround from a contraction of 0.1% in the final quarter of 2023. Such growth surpassed economists’ predictions, which had anticipated no change in economic performance during that period. The economy has shown signs of improvement, having expanded in […]
RBNZ Maintains Interest Rates, Surprising Markets with Hawkish Stance, Boosting NZD
The Reserve Bank of New Zealand (RBNZ) maintained the official cash rate (OCR) at 5.5% during its May meeting, marking the seventh consecutive hold, and signaled a more hawkish outlook than anticipated. Subsequently, the New Zealand dollar surged past $0.612. The RBNZ stated that the current restrictive policy stance is necessary for a longer duration […]
Focus on NZDUSD today – 22nd May 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the NZDUSD for 22nd May 2024. Key Takeaways Technical Analysis Daily Chart Insights 1-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
Economic Downturn: New Zealand Falls into Technical Recession in Late 2023
In the last quarter of 2023, New Zealand’s economy declined by 0.1%, after a 0.3% drop from the earlier quarter. This disappointed market predictions which expected a 0.1% rise. A noteworthy fourth downturn happened over the preceding five quarters, primarily attributed to a fall in wholesale trade (moving from -2.2% in the third quarter to […]
Focus on NZDUSD today – 27th FEB 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the NZDUSD for 27th February 2024. Key Takeaways Technical Analysis Daily Chart Insights 1-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
