NZD

RBNZ survey shows household 2-year inflation expectations rising to 3.2% (prior 3.0%)

RBNZ meet next week, their bark is likely to be worse than their bite - no hike expected

• Reserve Bank of New Zealand preview

New Zealand data: January Trade deficit much larger than December (big drop for exports)

NZDUSD Technical Analysis

• The NZDUSD pair breaks a key resistance zone. What’s next?

New Zealand data - Q4 PPI rises

• Producer prices in Q4 rose less than in Q3

NZDUSD backs off highs to retest a key short term retracement level

• The 38.2% retracement of the move down from the end of December high comes in at 0.61637 and that will be close support.

Aussie and kiwi run up against key levels against the dollar

• AUD/USD and NZD/USD are in focus ahead of US trading

ASB says RBNZ interest rate hike next week is a real possibility - sees a November cut

• ASB were previously forecasting a Reserve Bank of New Zealand rate cut in August. Not any more.

NZD traders heads up - RBNZ advisory of Governor Orr speech after the next policy meeting

• Note for the diary

BNZ change their RBNZ rate cut forecast to November, from August previously

• Sticky inflation the issue facing the Reserve Bank of New Zealand

New Zealand data - January Services PMI 52.1 vs. prior 48.8

• New Zealand's Performance of Services Index leaps back into expansion to begin 2024

ANZ says the RBNZ has no tolerance for delays in the return of inflation to target

• ANZ continues to expect a Reserve Bank of New Zealand rate hike on February 28

New Zealand data - January manufacturing PMI 47.3 (prior 43.1)

• The BNZ – BusinessNZ Performance of Manufacturing Index (PMI)

The NZDUSD buyers are making a play away from a cluster of long term technical levels.

• Are the buyers ready to move the NZDUSD pair with more momentum?

NZD traders heads up - RBNZ Governor Orr will speak on Friday

• Will speak on inflation, a hot topic at the RBNZ right now