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: 2024.11.27
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NZD/USD: Technical bunce not ruled out - OCBC
Breaking news
NZD/USD: Technical bunce not ruled out - OCBC
New
2024.11.27 19:14
2024.11.27 19:14
2024.11.27 19:14
The New Zealand (NZD) traded choppy post-RBNZ and press conference. NZD was last at 0.5893 levels, OCBC's FX analysts note.
Bearish momentum on daily chart shows signs of fading
"Gains in NZD post-decision was partially erased when Governor Orr's press conference gets underway. In particular, Orr said that track implies steeper cash rate decline than Aug and that forward projection is consistent with 50bp cut in Feb-2025. Orr's remarks suggest that RBNZ is not about to change pace of cut."
"Bearish momentum on daily chart shows signs of fading while RSI rose from near oversold conditions. Technical bunce not ruled out. Resistance at 0.5915 (21 DMA), 0.60 (61.8% fibo retracement of 2023 low to 2024 high). Support at 0.5810, 0.5770 levels (2023 low).
Last updated
: 2024.11.27
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Israel and Hezbollah announce ceasefire - ING
ICE Brent has been trading flat after a sharp fall on Monday as the market assesses the Middle East's new dynamics.
New
2024.11.27 22:42US: Initial Jobless Claims increased to 213K last week
US citizens filing new applications for unemployment insurance rose to 213K for the week ending November 22, as reported by the US Department of Labor (DoL) on Thursday.
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2024.11.27 22:37US Durable Goods Orders rise 0.2% in October vs. 0.5% expected
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2024.11.27 22:37GBP/USD: BoE DG reiterates caution on policy outlook - Scotiabank
The Pound Sterling (GBP) is modestly higher on the session, tracking its G10 peers for the most part.
New
2024.11.27 22:17EUR/USD: Still capped in mid-1.05s - Scotiabank
The Euro (EUR) is moderately higher on the session, with gains retesting recent peaks around 1.0540 before easing, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2024.11.27 22:15USD/CAD: Markets mull tariff threat - Scotiabank
Spot is little changed on the day as the Canadian Dollar (CAD) consolidates.
New
2024.11.27 22:14USD: Firm data reports today may provide a boost - Scotiabank
The US Dollar (USD) retains something of a softer undertone as the postelection rally ebbs a little (and continues to closely track the post-election pattern of trade from 2016), Scotiabank's Chief FX Strategist Shaun Osborne notes.
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2024.11.27 22:07US Dollar extends correction amid condensed bulk economic data release ahead of Thanksgiving
The US Dollar (USD) trades softer against most major peers in the currency markets, with the US Dollar Index (DXY), which gauges the Greenback's value against six major currencies, extending this week's correction and falling below the 106.50 level.
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2024.11.27 22:03AUD/USD bounces after Australian trimmed mean CPI data, Fed rate-cut bets
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2024.11.27 21:52Crude Oil ticks up rumours picking up on OPEC+ discussions
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2024.11.27 21:04Disclaimer:
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