Source: PaxForex Premium Analytics Portal, Fundamental Insight New Zealand Food Prices for August increased 0.3% monthly and 2.4% annualized. Forex traders can compare this to New Zealand Food Prices for July, which increased 1.3% monthly and 2.8% annualized.

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Performance of Services Index for March was reported at 52.4. Forex traders can compare this to the New Zealand Performance of Services Index for February, reported at 49.7.

Source: PaxForex Premium Analytics Portal, Fundamental Insight

New Zealand manufacturing volume posted another quarterly contraction and Chinese exports for November posted an unexpected contraction, bigger than the one reported in October. This confirmed that the global economy maintains its slowdown, and the advance in the NZDJPY is vulnerable to a breakdown. How will price action be impacted with the December 15th,2019 tariff deadline approaching? Today’s fundamental analysis will take a look at price action in both directions.

New Zealand reported a duo of economic reports which showed that the economy cooled down further. After the central bank cut interest rates, forex traders try to determine if more cuts are on the horizon or what other measures will be deployed. The New Zealand economy is heavily dependent on commodity exports, mainly to China, as well as closely tied to the Australian economy. Australian economic data released this morning also showed a slower economy ahead.

Following yesterday’s global sell-off which drove traders to safe-haven assets such as gold and bonds, forex traders are now shifting through the aftermath. A light economic calendar will ease the pressure, but US President Trump’s escalation of the trade war with China will continue to dominate. New Zealand reported a better-than-expected employment report for the second-quarter, despite the ongoing glowing slowdown which gave a boost to the New Zealand Dollar as the RBNZ lowered its inflation expectations. The NZDJPY bounced off of strong support levels, but can the recovery last?

Here is the key factor to keep in mind today for New Zealand Dollar trades:

Here are the key factors to keep in mind today for New Zealand Dollar trades:

Here is the key factor to keep in mind today for New Zealand Dollar trades: New Zealand Card Spending: New Zealand Retail Card Spending for October increased by 0.1% monthly and New Zealand Card Spending decreased by 0.1% monthly. Forex traders can compare this to New Zealand Retail Card Spending for September which increased by 1.1% monthly and to New Zealand Card Spending which increased by 1.2% monthly. Here are the key factors to keep in mind today for Japanese Yen trades:

Here are the key factors to keep in mind today for New Zealand Dollar trades:

Here is the key factor to keep in mind today for New Zealand Dollar trades:

Here is the key factor to keep in mind today for New Zealand Dollar trades: