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Breaking news

New Zealand Dollar on the move as home prices may be considered in RBNZ's remit

Real Time News
  • RT @FxWestwater: $NZDUSD breaking back above 2019 high on #RBNZ consideration of home prices in remit. Price at the upper bound of a rising…
  • BoJ Governor Kuroda says no shift seen in Fed's policy stance - BBG
  • The New Zealand Dollar surged 0.6% against the greenback after its Finance Minister Grant Robertson raised concerns over rising house prices to the central bank, proposing the RBNZ to consider adding house prices as a factor when making monetary decisions https://t.co/C1poEj06Kr
  • I wonder if any other central banks would follow the lead of the RBNZ on pressure to factor in housing prices in monetary policy. Go way out on a limb and perhaps even consider capital market asset inflation...probably not https://t.co/Cke07Or35H
  • EUR/CHF IG Client Sentiment: Our data shows traders are now net-long EUR/CHF for the first time since Nov 16, 2020 08:00 GMT when EUR/CHF traded near 1.08. A contrarian view of crowd sentiment points to EUR/CHF weakness. https://www.dailyfx.com/sentiment https://t.co/WJ7ZCwf3Ak
  • NZD soaring on this as such an addition to the RBNZ's remit lowers the need to ease policy, given the current backdrop of rampant house prices https://t.co/2fx0VTUOZh
  • BoJ Governor Kuroda: Won't hesitate to add easing if needed BoJ measures are having a positive impact Nervousness in financial markets has eased somewhat - BBG $JPY #BoJ
  • 7 out of 11 S&P 500 sectors ended higher, with 73.1% of the index’s constituents closing in the green on Monday. Cyclical energy (+7.09%) , financials (+1.88%) and industrials (1.64%) were among the best performers, whereas real estate (-0.34%), healthcare (-0.30%) were lagging. https://t.co/bDpvRqEX4u
  • #ASX200 looking poised to extend its recent run higher as RSI climbs back into overbought territory Key resistance levels falling at the 50% (6674) and 61.8% (6755) Fibonacci's $XJO $ASX https://t.co/E7VADxCJ1o https://t.co/T3ICLoE9du
  • Euro Price Action Setups: EUR/USD, EUR/JPY, EUR/GBP Levels to Watch - https://www.dailyfx.com/forex/technical/home/analysis/eur-usd/2020/11/24/Euro-Price-Action-Setups-EURUSD-EURJPY-EURGBP-Levels-to-Watch.html $EUR $EURUSD $EURJPY $EURGBP https://t.co/qxHSS90Rnd
Video: London Session Review: EURUSD Slides to New Lows

Video: London Session Review: EURUSD Slides to New Lows

2015-11-17 16:01:00
Alejandro Zambrano, Market Analyst
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  • EURUSD slides to new lows as U.S. headline inflation rises 0.2 percent year-on-year vs. an expected outcome of 0.1 percent according to a Bloomberg News survey. This has boosted U.S. short-term yields and given the Dollar an advantage over the Euro.
  • GBPUSD trades sideways and did not follow the EURUSD lower as U.K. Core CPI increased by 1.1 percent YoY vs. the 1 percent expected. However, it is worth observing that there is an increasing discrepancy between the U.K. and U.S. yields favoring the Dollar. This makes me suspect that if the GBPUSD breaks today’s low of 1.5150 in tomorrow’s London session, the GBPUSD may reach its November low of 1.5025 in the coming days.
  • The DAX roars higher and is up by 1.12% in today’s session and from its Monday low, it is up by 4.1 percent. Traders looking for a Christmas rally will probably hold on their bullish positions, while short-term traders are most likely booking profits at current levels as we near the November high of 11,057.

Suggested reading: Silver Prices Potentially Breaking Last Week’s Low On Today’s U.S. Inflation Report

--- Written by Alejandro Zambrano, Market Analyst for DailyFX.com

Contact and follow Alejandro on Twitter: @AlexFX00

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