The NZD/JPY pair opened above the daily Ichimoku cloud [Video]
|The NZD/JPY pair opened above the daily Ichimoku cloud during today’s Asian session, as the market players await New Zealand’s GDP. The reading for Q2 is expected to remain unchanged at 2.5% on a YoY basis, while on a quarterly basis, it is expected to tick higher to 0.8% from the previous 0.5%. But before all this, we first have the UK retail sales during the London session at 8:30 AM GMT, followed by the all-important FOMC rate decision during the New York session at 6 PM. The Fed is expected to keep rates unchanged at 1.25% given the current state of the economy and natural disasters hitting the Americas one after another. What could create some volatility though, would be the Fed’s tone and outlook on their next steps. Thanks for watching, invest responsibly and I wish you the best of luck making pips by trading forex.
For more from Invest Diva, click here
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.