Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight New Zealand Retail Sales for the second quarter increased 3.3% quarterly and 33.3% annualized. Forex traders can compare this to New Zealand Retail Sales for the first quarter, which increased 2.8% quarterly and 6.6% annualized.

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Business Manufacturing PMI for May was reported at 58.6. Forex traders can compare this to the New Zealand Business Manufacturing PMI for April, reported at 58.4.

Source: PaxForex Premium Analytics Portal, Fundamental Insight

February 27th 2020

The New Zealand labor market showed a rise in the unemployment rate in the fourth-quarter together with a much smaller-than-expected increase in average hourly earnings. This may impact consumer spending as the global economy gears up for the holiday shopping season this month. The NZDUSD remained in its bullish advance, can bulls push higher or will bears attempt to break the up-trend? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

The New Zealand Trade Balance featured a surprise as exports increased more than expected, but this may be an anomaly as it represents one rare data point which came in stronger than expected. This follows the upside surprise in Chinese economic data for September and is most likely associated with it. The NZDUSD remained steady at support, will bulls attempt to push price action higher? Today’s fundamental analysis will take a look at price action in both directions.

Economic data out of New Zealand showed the Business Manufacturing PM continued to contract in September as electronic retail card sales slowed down sharply. Forex traders largely ignored the economic data and chose to focus on developments out of the US-China trade talks which will continue today. President Trump stated the first day was great, but his statements were often contradicted by actual events. What does this mean for the NZDUSD?

The Reserve Bank of New Zealand kept interest rates on hold at 1.00% as was widely expected by market participants. The New Zealand Dollar was able to extend its rally after the central bank announcement. The trade deficit for August came in bigger than expected on the back of higher imports while exports clocked in slightly higher than expected. Is more upside in the NZDUSD possible?

Over the weekend, as the G7 summit began in France, the trade war between the US and China intensified. China retaliated to the planned US tariffs in kind, and US President Trump vowed to increase all existing tariffs by 5%. As the global economy continues to cool, New Zealand reported a bigger-than-expected trade deficit for July. This was due to the surge in imports while exports remains nearly unchanged from June. The New Zealand Dollar remained stable as export figured were a sigh of relive for forex traders and the NZDUSD rebounded inside a strong horizontal support area.

New Zealand reported a better than expected trade surplus for June, but it came on the back of a slump in imports as exports decreased sharply. This is the freshest sign that global trade is contracting. The NZDUSD stabilized after a minor correction over the past three trading sessions. Does this represent a good buying opportunity or will the downtrend extend? Today’s fundamental analysis will take a look at price action in both directions and highlight the best trading set-up for a profitable outcome.

Inflationary pressures rose in the second-quarter in New Zealand as oil prices were pressured to the upside. New Zealand is heavily exposed to commodity exports which are under pressure as the global economy cools, but the tensions between the US and Iran have supported oil prices. The NZDUSD has rallied into strong resistance and while the trend is expected to continue, a short-term reversal on the back of profit taking is anticipated.

The ongoing trade war between the US and China continues to show its ripple effects across the global supply chain and economy. New Zealand reported its trade balance during the Asian trading session, but it surprised to the upside. Exports as well as imports came in better than expected for May which boosted the New Zealand Dollar. This allowed the NZDUSD to extend its recovery after descending into a strong support area. How long can this recovery last?

Following yesterday’s latest recession signal provided by the Sentix Investor Confidence Index, forex traders received credit card data out of New Zealand which showed a monthly decrease in spending. The New Zealand Dollar remains well supported in the short-term. Chinese consumer prices rose as food prices accelerated to the upside. Forex traders appear to be content with more tariff threats out of the US towards China and are in a holding pattern until the conclusion of the G-20 summit in Japan at the end of the month.

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 Credit Card Spending: New Zealand Credit Card Spending for March decreased by 0.1%monthly and increased by 5.1% annualized. Forex traders can compare this to New Zealand Credit Card Spending for February which increased by 0.3% monthly and by 6.4% annualized. Here are the key factors to keep in mind today for US 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:

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 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 are the key factors 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 are the key factors 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 are the key factors 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:

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:

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:

Here are the key factors 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 are the key factors 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 trades: