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NZD/USD: RBNZ will not let NZD appreciation – ANZ

NZD strength is unhelpful at this time. NZ’s unfamiliarity with unconventional policy is likely contributing to the market underestimating the size of the QE that might be coming, according to analysts at ANZ Research. 

Key quotes

“NZD/USD has rallied a touch more overnight and that’s the near term direction ahead of and into today’s likely massive fiscal announcement aimed at supporting the economy.” 

“We see strength as ultimately short-lived, with global markets still in turmoil and bond yields lagging, massive QE is coming and the RBNZ won’t likely be comfortable letting the NZD appreciate.”

“Support 0.6000 Resistance 0.6150”

 

Gold slides to $1485 region, closer to over 1-month lows set on Monday

Gold edged lower through the early European session on Tuesday and is currently placed near the lower end of its daily trading range, around the $1484
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EUR/USD: Typical dead cat bounce over

EUR/USD is holding onto its range in a typical "dead cat bounce" move but that may change. Tuesday's four-hour chart is pointing to the downside, as F
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