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RBNZ maintains benchmark interest rate at 0.25% with bond purhcase program at NZD100b

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  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.15% 🇪🇺EUR: 0.07% 🇬🇧GBP: 0.03% 🇨🇭CHF: 0.02% 🇦🇺AUD: 0.01% 🇨🇦CAD: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/zQkfCDgAJQ
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  • RBNZ: Less government bond issuance placing less pressure on yields, weekly changes in LSAP don't represent policy shift -BBG
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  • RBNZ: Prepared to lower rate if required, will maintain stimulatory settings until CPI at midpoint -BBG
  • RBNZ maintains benchmark interest rate at 0.25% and bond purchase program at NZD100b -BBG $NZDUSD #NZD
  • 🇳🇿 Interest Rate Decision Actual: 0.25% Expected: 0.25% Previous: 0.25% https://www.dailyfx.com/economic-calendar#2021-04-14
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.67%, while traders in France 40 are at opposite extremes with 80.40%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/vGd2alrTJx
  • Heads Up:🇳🇿 Interest Rate Decision due at 02:00 GMT (15min) Expected: 0.25% Previous: 0.25% https://www.dailyfx.com/economic-calendar#2021-04-14
Gold Next Resistance is December High

Gold Next Resistance is December High

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_gold_body_gold.png, Gold Next Resistance is December High

Prepared by Jamie Saettele, CMT

January’s rally was the 4th largest since 2000 and largest since August (2011). Of course, the metal plunged the following month (September). One has to go back to November 2009 to find the next best month (13.21%). Guess what? Gold plunged in December 2009. The December high at 1770.50 is the next resistance. A drop under 1735 would shift focus to 1717 and 1706.

Bottom Line – flat

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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