We’ve seen some interesting moves in the NZD in the past week.
After some investment banks pushed back their rate cut expectations for the RBNZ the NZD saw a big short squeeze in the markets.
The overall positive risk tone in the markets further supported the NZD.
This week all eyes will be on the Q3 employment report for New Zealand.
A big miss or beat in this jobs report will set the tone for the market’s expectations for the November RBNZ rate decision.
In this week ahead video we discuss our current bias for the NZD and also help you prepare for the upcoming NZD Jobs Report events.
Highlights of the video:
00:36 – Baseline context for the USD
02:20 – Baseline expectations for the upcoming risk event
04:02 – Possible sentiment shifts
05:37 – Possible currency pairs to consider
06:11 – Learn more about phase one and two sentiment shifts