[Tree] GBP/NZD exchange rate forecast and analysis

Version 0.6 (2024-09-09 11:45:12.882000)

updates: GBP expected to appreciate against NZD; UK economic data

Version 0.59 (2024-08-07 03:08:33.505000)

updates: New information about strong New Zealand employment data and its impact on the Kiwi

Version 0.58 (2024-07-16 00:55:44.310000)

updates: Updates on US Retail Sales data and Chinese GDP figures

Version 0.57 (2024-07-15 01:54:24.414000)

updates: Fall in NZD/USD due to weak Business NZ PSI and improved risk aversion

Version 0.56 (2024-07-12 07:54:17.371000)

updates: Includes information on New Zealand's weak PMI data and the potential rate cuts by the RBNZ in August

Version 0.55 (2024-07-11 23:58:45.244000)

updates: Updates on NZD/USD pair's decline and upcoming US PPI data

Version 0.54 (2024-07-10 08:58:27.445000)

updates: NZD/USD pair experiences sharp decline as RBNZ delivers dovish interest rate guidance

Version 0.53 (2024-07-08 11:55:41.870000)

updates: Detailed analysis of the NZD/USD pair and upcoming events

Version 0.52 (2024-07-04 23:53:50.745000)

updates: Updates on US NFP data and growing speculation of RBNZ rate cut

Version 0.51 (2024-06-26 04:57:20.763000)

updates: Includes information on risk aversion and looming Consumer Confidence data

Version 0.5 (2024-06-19 10:56:28.808000)

updates: Added information about uncertainty over New Zealand's first-quarter GDP and its potential impact on interest rates

Version 0.49 (2024-06-14 10:59:32.876000)

updates: NZD/USD faces selling pressure as USD strengthens

Version 0.48 (2024-06-09 23:53:20.714000)

updates: Updates on AUD/USD pair and US Nonfarm Payrolls data

Version 0.47 (2024-06-07 01:52:56.941000)

updates: Updates on NZD/USD pair, Fed rate cut speculation, US Nonfarm Payrolls, Chinese data

Version 0.46 (2024-06-04 05:54:23.763000)

updates: Updates on the Australian dollar and its surge against the US dollar

Version 0.45 (2024-05-31 13:58:20.198000)

updates: NZD/USD gains for second day, concerns over economic growth

Version 0.44 (2024-05-30 00:54:15.587000)

updates: Updates on NZD/USD pair, NZ government budget, US data

Version 0.43 (2024-05-28 08:02:33.644000)

updates: Updates on GBP/NZD exchange rate, RBNZ hold, UK inflation, and retail sales

Version 0.42 (2024-05-20 08:56:36.098000)

updates: Added information about the Pound to New Zealand Dollar exchange rate forecast

Version 0.41 (2024-05-19 08:52:23.342000)

updates: Added information about the upcoming RBNZ interest rate decision and its potential impact on the NZD/USD exchange rate

Version 0.4 (2024-05-09 04:54:18.456000)

updates: Integration of Chinese trade data and RBNZ's delay in rate cut

Version 0.39 (2024-05-01 09:55:38.924000)

updates: Integration of new analysis on long-term resistance and potential impact of FOMC Statement

Version 0.38 (2024-05-01 01:56:49.733000)

updates: Inclusion of information about New Zealand employment data and its impact on the NZD/USD pair

Version 0.37 (2024-04-25 11:52:44.997000)

updates: The NZD/USD pair continues its winning streak

Version 0.36 (2024-04-25 06:54:40.959000)

updates: Updated information on AUD/USD pair retreat and upcoming US GDP and PCE data

Version 0.35 (2024-04-25 00:51:43.388000)

updates: Discussion on RBA's next move and US GDP impact on AUD/USD

Version 0.34 (2024-04-24 23:51:47.329000)

updates: The AUD/USD pair retreated from a peak of 0.6529 following an unexpected surge in Australian inflation figures. The US Dollar Index gained 0.13%, up to 105.82. Wall Street was mixed on Wednesday after META reported earnings. The US Gross Domestic Product (GDP) report is expected to show the largest economy in the world grew 2.5% QoQ in the first quarter this year. Australia’s Bureau of Statistics (ABS) revealed that inflation for Q1 2024 exceeded estimates by far of 0.6%, increasing QoQ by 1%. Traders sent the AUD/USD rallying above 0.6500 as they priced out a rate cut by the Reserve Bank of Australia (RBA) in 2024. The AUD/USD trades around 0.6495. If the pair drops below the April 24 low of 0.6483, the AUD/USD could dive toward the February 13 low at 0.6442.

Version 0.33 (2024-04-20 11:19:24.893000)

updates: Updates on economic data, geopolitical tensions, and technical analysis

Version 0.32 (2024-04-19 22:22:55.290000)

updates: The Australian Dollar has remained stable and demonstrated resilience in the face of market pressures. The Reserve Bank of Australia (RBA) has decided to hold off on raising interest rates and emphasized the importance of confidence in inflation trends before considering rate adjustments. US President Joe Biden has directed the US Trade Representative to examine the possibility of tripling China's steel and aluminum tariffs, which could impact metal prices globally. Loretta Mester, President of the Federal Reserve Bank of Cleveland, and Fed Governor Michelle Bowman have expressed concerns about inflation rates surpassing predictions and urge the Federal Reserve to stay alert and adaptable. Technical analysis suggests a bearish trend for the AUD/USD pair, but traders are advised to stay vigilant as macroeconomic changes and unexpected news can cause fluctuations.

Version 0.31 (2024-04-18 12:24:18.053000)

updates: The Australian dollar is trading at 0.6442, up 0.12%. Australia's job growth declined by 6,600 in March, missing the market estimate of a gain of 7,700. Full-time employment increased by 27,900, while part-time roles fell by 34,500. The unemployment rate ticked higher to 3.8%. The labor market remains tight, but is expected to cool down as interest rates continue to filter through the economy. The Reserve Bank of Australia will base its rate decision on the strength of the data and today's employment report will support the RBA continuing to remain patient before cutting rates. The Federal Reserve is watching inflation move the wrong way, and Fed Chair Powell said rate cuts would have to wait until the inflation picture improved. AUD/USD continues to test resistance at 0.6437, with support levels at 0.6413 and 0.6378. [1def2a89]

Version 0.3 (2024-04-18 11:19:00.822000)

updates: Australian Dollar remains resilient despite soft job numbers

Version 0.29 (2024-04-17 16:20:00.194000)

updates: Updates on AUD/USD stabilization and employment data

Version 0.28 (2024-04-17 10:19:22.941000)

updates: Updates on China's economic growth and AUD/USD price analysis

Version 0.27 (2024-04-16 00:18:36.811000)

updates: Updates on Middle East tensions and China's economic indicators

Version 0.26 (2024-04-15 03:23:04.450000)

updates: Updates on Middle East tensions affecting AUD/USD pair

Version 0.25 (2024-04-12 10:21:21.156000)

updates: Updates on US economic data and RBA's monetary easing policies

Version 0.24 (2024-04-09 09:20:42.381000)

updates: Added information about AUD/USD struggling to break 100-day SMA

Version 0.23 (2024-04-08 23:18:56.504000)

updates: The Australian Dollar (AUD) rose 0.42% against the US Dollar (USD) due to better sentiment and a dip in the USD. Traders are awaiting the latest inflation report in the US and Australian consumer confidence data.

Version 0.22 (2024-04-08 17:18:40.445000)

updates: Inclusion of information about consumer confidence and business confidence in Australia

Version 0.21 (2024-04-08 07:19:08.157000)

updates: Incorporated analysis of US jobs report and rate cut delay fears

Version 0.2 (2024-04-08 01:18:43.487000)

updates: AUD/USD extends losses, US Dollar strengthens on higher Treasury yields

Version 0.19 (2024-04-05 01:18:26.787000)

updates: Inclusion of Australian trade data and China's PMI numbers

Version 0.18 (2024-04-04 23:18:46.934000)

updates: Updated information on AUD/USD gains during Asian session and focus on US NFP data

Version 0.17 (2024-04-04 02:17:49.895000)

updates: Australian Dollar gains on improved PMI data

Version 0.16 (2024-04-03 00:19:13.493000)

updates: Updates on China's Caixin Services PMI and US labor market data

Version 0.15 (2024-04-02 14:18:44.365000)

updates: AUD/USD struggles to recapture 0.6500 despite US Dollar edges down

Version 0.14 (2024-04-02 02:20:15.752000)

updates: The Australian Dollar stages a modest comeback after RBA Minutes

Version 0.13 (2024-04-01 01:18:03)

updates: Weekly forecast, RBA Meeting Minutes, Aussie trade data, PMI numbers from China, US Services PMIs, Jobs Report, Fed Chair Powell, FOMC members speeches

Version 0.13 (2024-04-01 01:18:03)

updates: Weekly forecast, RBA Meeting Minutes, Aussie trade data, PMI numbers from China, US Services PMIs, Jobs Report, Fed Chair Powell, FOMC members speeches

Version 0.12 (2024-03-29 13:22:13.434000)

updates: Updates on AUD/USD stability, US PCE data, and RBA rate decisions

Version 0.11 (2024-03-29 02:21:49.945000)

updates: Includes information on risk aversion and stronger US Dollar

Version 0.1 (2024-03-27 06:17:55.824000)

updates: Inclusion of information about the US Dollar decline and economic optimism

Version 0.09 (2024-03-26 23:18:32.112000)

updates: The AUD/USD pair remains steady amid US data and ahead of Aussie's CPI

Version 0.08 (2024-03-22 14:22:29.484000)

updates: The Australian dollar weakened despite strong jobs data [1808c360].

Version 0.07 (2024-03-21 00:19:12.043000)

updates: Updates on Federal Reserve decision, Australian manufacturing and services PMI, Judo Bank Flash figures, RBA policy meeting, US dollar weakness, US housing sector data, economic indicators from China

Version 0.06 (2024-03-20 08:22:44.795000)

updates: New information on AUD/USD signals bearish trend and divergence between Fed and RBA

Version 0.05 (2024-03-19 11:22:50.931000)

updates: RBA alters tone, AUD/USD price analysis

Version 0.04 (2024-03-18 00:17:33.466000)

updates: Updates on Chinese economic indicators and RBA rate path amidst Fed sentiment

Version 0.03 (2024-03-03 22:17:53.377000)

updates: Integration of bearish bets on Australian dollar and RBA rate hike speculations

Version 0.02 (2023-11-28 09:43:29.227000)

updates: Australian dollar reacts to poor retail sales data

Version 0.01 (2023-11-18 14:02:40.444000)

updates: Australian dollar surges on soft US inflation data

Version 0.0 (2023-11-10 03:29:57.166000)

updates: