Weekly Economic Analysis: 7/30/23 Pair: AUDNZD GDP (Down: Weaker Currency Up: Stronger Currency) - Aud down NZD up Employment (Down: Weaker Currency / Up: Stronger Currency) - Both up Inflation (Down: Weaker Currency Up: Stronger Currency) - Both Down Interest Rate (Down: Weaker Currency / Up; Stronger Currency) - AUD news week. Both stalemate Balance of Trade (Down: Weaker Currency / Up: Stronger Currency) - AUD down NZD up PMI (Down: Weaker Currency / Up: Stronger Currency) - Services: Both are down - Manufacturing: AUD up NZD down Bias: NZD Stronger
Monthly Technical Analysis - Price could be in a range with our bias to the demand zone around 1.03758.
Comment
These economic updates are collected using trading view economic charts. I look to the past three months.
Comment
Check Related Ideas Section for other timeframes! Click on Monthly Link and all timeframes, additional comments per timeframe will be there!
Comment
We are aware of the PMI and Interest Decision coming up later today. The forecast is aiming for a higher rate after last week's PMI came out but who knows right? I mean inflation has been coming down and the only PMI that was higher was manufacturing. Employment is up as well which could cause reason for more demand and wages are up as well. Either way, we may close our trades before the news comes out and reassess after the reaction to be safe even if that means a loss is taken later today on our 15,4,daily trades.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.