So, why not? You're not giving NZD much time to work the magic, but you have my blessing. 63c by Christmas! Go NZD!
Christmas will come early for NZD if the 0.6275 resistance gets taken tonight. We tested it last night, even without Orr, Conway and Willis' pronouncements
Yeah, NZD should keep improving versus USD, this year and next. We seem to have many Inflation hawks currently in the media, the RBNZ, the Government as well as the Opposition.
Overnight a Mild PCE Deflator was good news for the Fed ……
Agree, Core PCE gone below the 2% psychological threshold (1.9% annualized over 6 months). Calls for FFR cuts got louder. They want cuts beginning from May 24, no later now.
USD and DXY weakness to persist in 2024 https://www.tradingview.com/symbols/TVC-DXY/
Last edited by beacon; 23-12-2023 at 12:20 PM.
Reason: Added detail
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