{"id":13993,"date":"2021-08-18T07:45:00","date_gmt":"2021-08-18T06:45:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=13993"},"modified":"2021-08-21T03:00:25","modified_gmt":"2021-08-21T02:00:25","slug":"kiwi-stages-a-dead-cat-bounce-as-rbnz-remains-on-hold","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/kiwi-stages-a-dead-cat-bounce-as-rbnz-remains-on-hold\/","title":{"rendered":"Kiwi stages a dead-cat bounce as RBNZ remains on hold"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"13993\" class=\"elementor elementor-13993\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-638011b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"638011b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e88d533\" data-id=\"e88d533\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e0da2ed elementor-widget elementor-widget-text-editor\" data-id=\"e0da2ed\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>Morning Brief<\/strong><\/p><p>Market sentiment is attempting to improve in early-Wednesday trade as market participants digest the recent slowdown in Chinese economic data and the rise in COVID-19 cases globally, and of course the latest lockdown in New Zealand.<\/p><p>The <a href=\"https:\/\/bit.ly\/3wsfLnp\" target=\"_blank\" rel=\"noopener\">US dollar index<\/a> is holding firm after enjoying strong demand yesterday amidst safe haven buying demand. All eyes will be on the 93.20 to 93.40 price zone today and whether bulls can stage a breakout above that area or whether risk-on sentiment will cause the buck to sell-off again.<\/p><p><a href=\"http:\/\/bit.ly\/2ZsFzPL\" target=\"_blank\" rel=\"noopener\">Gold<\/a> is trading higher, which further hints that risk-off tones are still lingering, however, <a href=\"https:\/\/bit.ly\/3wIwSRV\" target=\"_blank\" rel=\"noopener\">US 10-year yields<\/a> are rising and already up 1.4 basis points. On the positive front <a href=\"https:\/\/bit.ly\/3cQWUuE\" target=\"_blank\" rel=\"noopener\">S&amp;P 500 futures<\/a> and <a href=\"https:\/\/bit.ly\/3cVVoHD\" target=\"_blank\" rel=\"noopener\">European futures<\/a> are mildly positive and the <a href=\"https:\/\/bit.ly\/3B8cKvb\" target=\"_blank\" rel=\"noopener\">Nikkei <\/a>closed the day 0.9 percent higher.<\/p><p>A very lively Asian session today doe to the Reserve Bank of New Zealand policy decision, which had been the subject of much-speculation this week due to the fact that investors were actually expecting a rate hike.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-49b7260 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"49b7260\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2eca49f\" data-id=\"2eca49f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4a9fee5 elementor-widget elementor-widget-image\" data-id=\"4a9fee5\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"602\" height=\"274\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/08\/Picture1-7.png\" class=\"attachment-large size-large wp-image-13996\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-afb28f6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"afb28f6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3e3fe8d\" data-id=\"3e3fe8d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4222bfa elementor-widget elementor-widget-text-editor\" data-id=\"4222bfa\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>With New Zealand back in lockdown the Reserve Bankf of New Zealand decided not to take any action earlier today as widely expected and kept policy on-hold due to general uncertainty over the economy from this week\u2019s lockdown.<\/p><p>The <a href=\"http:\/\/bit.ly\/2KflF5J\" target=\"_blank\" rel=\"noopener\">NZDUSD <\/a>pair spiked lower and then higher. The reason for the spike higher was due to the fact that Governor Orr appeared supremely confident that today\u2019s decision not to hike was just a blip.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-dbf5eec elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"dbf5eec\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b453abc\" data-id=\"b453abc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-496e344 elementor-widget elementor-widget-image\" data-id=\"496e344\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/bit.ly\/2KflF5J\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"602\" height=\"329\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/08\/nzdusd-1d-2.png\" class=\"attachment-large size-large wp-image-13998\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2f311514 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2f311514\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-408fb9ff\" data-id=\"408fb9ff\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5603aaf2 elementor-widget elementor-widget-text-editor\" data-id=\"5603aaf2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"http:\/\/bit.ly\/2KflF5J\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3e3b33a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3e3b33a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3dcfbf1\" data-id=\"3dcfbf1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-368afa6 elementor-widget elementor-widget-text-editor\" data-id=\"368afa6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The ActivTrader Market Sentiment tool shows that traders are broadly bearish towards the US dollar\u2019s future path. It should also be noted that traders are very bearish towards sterling and very bullish towards the euro, so it could be an interest morning for the <a href=\"http:\/\/bit.ly\/2Lg9zs6\" target=\"_blank\" rel=\"noopener\">EURGBP<\/a> pair.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-585cbb9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"585cbb9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1fa3d59\" data-id=\"1fa3d59\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3da95cf elementor-widget elementor-widget-image\" data-id=\"3da95cf\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/3wsfLnp\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"298\" height=\"105\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/08\/usdind-chart-2.png\" class=\"attachment-large size-large wp-image-13999\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1b094ae elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1b094ae\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-192b858\" data-id=\"192b858\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-244bee4 elementor-widget elementor-widget-text-editor\" data-id=\"244bee4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Traders are investors are braced for an extremely busy European trading session as we see the release of UK inflation data and also inflation data from the eurozone. As things stand the major index are expected to open mildly positive.<\/p><p>During US trading session today as the Canadian economy comes into focus as we see the release of Canadian July CPI. We also have EIA crude stockpile data, and of course the release of the FOCM meeting minutes later today. The FOMC minutes are lagging, so I suspect the market reaction will be muted.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Morning Brief Market sentiment is attempting to improve in early-Wednesday trade as market participants digest the recent slowdown in Chinese economic data and the rise in COVID-19 cases globally, and of course the latest lockdown in New Zealand. The US dollar index is holding firm after enjoying strong demand yesterday amidst safe haven buying demand. [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[154,28,150,53,264],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kiwi stages a dead-cat bounce as RBNZ remains on hold - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/kiwi-stages-a-dead-cat-bounce-as-rbnz-remains-on-hold\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kiwi stages a dead-cat bounce as RBNZ remains on hold\" \/>\n<meta property=\"og:description\" content=\"Morning Brief Market sentiment is attempting to improve in early-Wednesday trade as market participants digest the recent slowdown in Chinese economic data and the rise in COVID-19 cases globally, and of course the latest lockdown in New Zealand. The US dollar index is holding firm after enjoying strong demand yesterday amidst safe haven buying demand. 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