interest rate differentials to become more negative and China's disappointing economic growth can further weigh on AUD/USD. dollar to $0.6597 AUDUSD, the lowest in a month and just a whisker away from its 2023 low of $0.6565.Ĭarol Kong, a currency strategist at Commonwealth Bank of Australia, expects the Aussie to set a new year-to-date low. It has been a proven and profitable strategy. If we at Zeiierman Trading are going to Buy or Sell any assets we are going to do so around these areas the signals are triggered at. However, with our Trading Signals, you get the EXACT same signal we use to manage our portfolios and private equity. That also brought the Aussie 0.2% lower against the U.S. It takes time for new traders to reach this stage. but the market, in recession and with the tightening cycle over, will want to price an easing earlier than what the Reserve Bank's indicated." "There's cuts priced in the second-half of next year. No-one was really expecting that," said Jason Wong, a strategist at Bank of New Zealand in Wellington. "It's an indication that the tightening cycle is over. Our indicators provides Buy & Sell signals via TradingView. That saw the Aussie gaining ground on the kiwi AUDNZD, up 0.9% at NZ$1.0673, reversing a recent declining trend, which was driven by expectations of a dovish Reserve Bank of Australia and a hawkish RBNZ. (0#RBNZWATCH)īenchmark two-year interest rate swaps (NZDSM3NB2Y=), which hit a 14-year high of 5.5750% earlier in the day, fell 32 basis points on the day to 5.1750%. The group has also provided margined or leveraged premiums since 2018. According to their website, the accuracy level for the signals is 96. Market bets were split between hiking by 25 bps or 50 prior to the decision, with many wagering that rates can hit as high as 6% given the government's budget this month is set to add to inflationary pressures, and RBNZ's record of surprising markets on the hawkish side. Universal Crypto Signals was formed in January 2018 and provides crypto signals on Binance, Bittrex, Bitmex, Bybit, Kucoin, Huobi, OKEx, Coinbase, Binance Futures exchanges. The RBNZ also sees rates peaking at the current level of 5.5%, before rate cuts commence from the third quarter of next year, according to the latest forecasts. The Reserve Bank of New Zealand raised interest rates on Wednesday by 25 basis points to 5.5%, after considering a pause. The kiwi dollar NZDUSD fell 1% to a three-week low of $0.6180, nearing a major support level of the 200-day moving average at $0.6155. The information on this website is not intended for Australian and New Zealand residents.7The New Zealand dollar and local yields slumped on Wednesday after the Reserve Bank delivered a dovish rate hike and signalled that increases are essentially done, a shock result that sent the Aussie jumping against the kiwi. You should read and understand these documents before applying for any AxiTrader products or services and obtain independent professional advice as necessary.ĪxiTrader Limited is a member of The Financial Commission, an international organization engaged in the resolution of disputes within the financial services industry in the Forex market. Important legal documents in relation to our products and services are available on our website. Information is of a general nature only and does not consider your financial objectives, needs or personal circumstances. AxiTrader is not a financial adviser and all services are provided on an execution only basis. When acquiring our derivative products you have no entitlement, right or obligation to the underlying financial asset. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. New Recommendations Top Stocks to Own Top Signal Strength Top Signal Direction Stock Signal Upgrades Sectors. You should consider whether you understand how over-the-counter derivatives work and whether you can afford to take the high level of risk to your capital. Over-the-counter derivatives are complex instruments and come with a high risk of losing substantially more than your initial investment rapidly due to leverage. Axi is a trading name of AxiTrader Limited (AxiTrader), which is incorporated in St Vincent and the Grenadines, number 25417 BC 2019 by the Registrar of International Business Companies, and registered by the Financial Services Authority, and whose address is Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont Kingstown, St Vincent and the Grenadines.ĪxiTrader is 100% owned by AxiCorp Financial Services Pty Ltd, a company incorporated in Australia (ACN 127 606 348).
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