The currency pair NZDUSD has decreased from 0.61956 to 0.6200 after the announcement that New Zealand’s Q1 GDP has met the predicted forecast of -0.1% QoQ.
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
NZD/USD drops 20 pips to 0.6195 as it justifies softer economic growth in New Zealand during early Thursday in Asia.
That said, New Zealand’s first quarter (Q1) 2023 Gross Domestic Product (GDP) matches the -0.1% QoQ forecast, versus -0.7% (revised) prior.
Further details reveal that the yearly figures ease to 2.2% YoY for the said period versus 2.6% market expectations and 2.3% previous readings.
With this, New Zealand enters into a ‘technical’ recession as the Pacific nation marks the second consecutive negative quarterly growth figure.
Check more details of NZ Q1 GDP on our economic calendar.
Also read: NZD/USD holds to its gains as Federal Reserve pauses, but upward revises peak rates
[/s2If]
Nehcap Expert Advisor
The NEHCAP MT4 EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD,GBPAUD, EURAUD, EURCAD, CHFJPY and many more.
The system is trading live: LIVE ACCOUNT TRACKING
You can run it free. Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
Join Our Telegram Group
