NZDUSD Forecast Poll 2017: Kiwi expected to accelerate down in the second semester

FXStreet Team FXStreet

NZDUSD Forecast Dot Plot Chart

NZDUSD Forecast Poll 2017

Analyst	3 Months	6 Months	1 Year
Brad Gilbert	0,7500	0,6900	0,6000
David Cheetham	0,6800	0,6300	0,6400
Elliott Wave Forecast	0,6600	0,7100	0,6400
Growth Aces	0,7250	0,7500	0,7750
Haresh Menghani	0,6860	0,6550	0,6300
James Chen	_	_	_
JFD Brokers	_	_	_
Juan José del Valle	_	_	_
Lukman Otunuga	0,6700	0,6400	0,6100
Mark de la Paz	_	_	_
Markus Gabel	0,6600	0,7000	0,6000
Nenad Kerkez	_	_	_
Przemyslaw Kwiecien	0,6800	0,6600	0,6600
Scott Barkley	_	_	_
Thomas Light	0,6800	0,6600	0,6600
Valeria Bednarik	0,7200	0,6500	0,6000
Yohay Elam	0,6300	0,7000	0,7000
Medium Forecast	0,6855	0,6768	0,6468
Median Forecast	0,6800	0,6600	0,6400
Std-Deviation	0,0325	0,0344	0,0504
R-Coefficient	0,0478	0,0521	0,0787
Bullish	3	2	1
Sideways	4	3	1
Bearish	4	6	9

Featured Expert

Lukman Otunuga: "The NZDUSD could be in-store for punishment this year if sellers exploit the rising Dollar to install repeated rounds of selling on the NZDUSD. Technically the pair is turning bearish on the weekly charts with a breakdown below the 0.6650 higher low sparking further selloffs"

NZDUSD Bull Lines

Growth Aces Research Team: "For the NZD, the market has thrown the towel in terms of expecting any more rate cuts – and we agree. Inflation dynamics in New Zealand remain sluggish, but the bar for the RBNZ to lower interest rates is now likely to be high given the recent global steepening in yield curves and the RBNZ’s assessment that the economy in New Zealand is growing above potential and the fact that there is now a small positive output gap. Higher commodity prices should provide ongoing support for the currency from the fundamental side"

NZDUSD Bear Lines

David Cheetham: "An overly optimistic domestic outlook masks potential problems for the Kiwi. Price has broken below rising uptrend that supported price for much of 2016"

Markus Gabel: "Downtrend is valid and stable"

Przemyslaw Kwiecien: "Somehow the market sees a pace of tightening in NZ matching that of US which simply does not make sense"

Thomas Light: "Central Bank differentials strongly apparent given risks of RBNZ possibly easing against Fed hikes. Slower Chinese growth further hinders NZD"

Author

FXStreet Team

FXStreet

EUR/USD trims gains, hovers around 1.1900 post-US data

EUR/USD trades slightly on the back foot around the 1.1900 region in a context dominated by the resurgence of some buying interest around the US Dollar on turnaround Tuesday. Looking at the US docket, Retail Sales disappointed expectations in December, while the ADP 4-Week Average came in at 6.5K.

GBP/USD comes under pressure near 1.3680

The better tone in the Greenback hurts the risk-linked complex on Tuesday, prompting GBP/USD to set aside two consecutive days of gains and trade slightly on the defensive below the 1.3700 mark. Investors, in the meantime, keep their attention on key UK data due later in the week.

Gold loses some traction, still above $5,000

Gold faces some selling pressure on Tuesday, surrendering part of its recent two-day advance although managing to keep the trade above the $5,000 mark per troy ounce. The daily pullback in the precious metal comes in response to the modest rebound in the US Dollar, while declining US Treasury yields across the curve seem to limit the downside.

XRP holds $1.40 amid ETF inflows and stable derivatives market

Ripple trades under pressure, with immediate support at $1.40 holding at the time of writing on Tuesday. A recovery attempt from last week’s sell-off to $1.12 stalled at $1.54 on Friday, leading to limited price action between the current support and the resistance.

Dollar drops and stocks rally: The week of reckoning for US economic data

Following a sizeable move lower in US technology Stocks last week, we have witnessed a meaningful recovery unfold. The USD Index is in a concerning position; the monthly price continues to hold the south channel support.

Bitcoin Cash trades lower, risks dead-cat bounce amid bearish signals

Bitcoin Cash (BCH) trades in the red below $522 at the time of writing on Tuesday, after multiple rejections at key resistance. BCH’s derivatives and on-chain indicators point to growing bearish sentiment and raise the risk of a dead-cat bounce toward lower support levels.