The NZD/USD is backsliding for Monday, falling around fifty pips and facing rejection from the 0.6000 major handle as risk-off flows drive the Greenba
peaked last Friday at 0.6050 before getting knocked back as market risk appetite evaporates, extending risk asset declines against the US Dollar. Fears of a global recession, hawkish comments from Federal Reserve officials, and climbing US Treasury yields are all intertwining to send the Greenback higher across the board.statement from the Reserve Bank of New Zealand ; with the RBNZ broadly expected to hold rates steady at 5.
Daily candlesticks have the NZD/USD hung up on the 34-day Exponential Moving Average, with technical resistance from the 100-day SMA near 0.6075. A sustained bear run will see the pair set to challenge 2023's lows of 0.5510, while a bullish reversal will need to overcome the 200-day SMA currently parked just below the 0.6200 handle.Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.
Spot Gold fell to a fresh multi-month low of $1,827.11 a troy ounce on Monday amid resurgent US Dollar demand. The Greenback suffered a minor setback at the beginning of the week, as generally encouraging Chinese data and upbeat United States news underpinned the mood.With the start of 2023’s fourth quarter, things are finally getting interesting in crypto. While the next 12 weeks are extremely important, let’s start by focusing on what to expect this week.Nio stock dropped 2.
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