NZDUSD Technical Analysis – We are testing a key trendline ...Middle East

Fundamental OverviewYesterday, we got the US ISM Manufacturing PMI and even though the headline number missed expectations, under the hood the report was better than the prior month. The bad news was new orders falling further into contraction, which is a proxy for demand, and it’s generally considered as a leading indicator. Tight monetary policy of course has been weighing a lot on the manufacturing sector and if the Fed manages to avoid a hard landing as it cuts rates in the next months, we could see a rebound in Q4.From a monetary policy perspective, the data didn’t change much for the Fed expectations although the probabilities for a 50 bps cut edged a bit higher. For the RBNZ, the mark

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NZDUSD Technical Analysis – We are testing a key trendline ...Middle East

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