OctaFX | OctaFX Forex Broker
Open trading account
Back

NZD/USD dumps on poor NZ jobs

FXStreet (Guatemala) - NZD/USD is offered from 0.6706 to 0.6653 on a poor jobs data from the New Zealand economy.

NZD/USD dropped on a worse than expected jobs report with the unemployment rate in line and above previous while the employment change was shocking -0.4% vs 0.4% expected and 50.9 previous. The Participation rate 68.6% vs an expected 69.3%, while prior was 69.3% and wages growth were also a negative factor. This data raises the speculation of a rate cut from the RBNZ in December while markets will now look towards the Nonfarm Payrolls at the end of this week to gauge where this is headed next.

NZD/USD levels

Technically, the downside is now open to a key target of 0.6620, guarding a continuation of the bearish trend with 0.6588 next stop. The 200 SMA on the 4hr is at 0.6602 that may prove some support before a breakout can occur.

FTSE technicals remain neutral ahead of BoE super Thursday - FXStreet

The London benchmark managed to advance 21 points or 0.34%, ending the day at 6,383.61, maintaining its latest range. The FTSE 100 closed the day marginally higher as energy-related stocks rallied on oil's advance, but Standard Chartered dropped 6.7% saying it will raise 3.3 billion pounds in a rights offer while posting a surprise loss.
Read more Previous

Australia AiG Performance of Services Index down to 48.9 in October from previous 52.3

Australia AiG Performance of Services Index down to 48.9 in October from previous 52.3
Read more Next
Start livechat