NZDUSD Technical Analysis – The USD gains on lower 50 bps probabilities ...Middle East

Fundamental OverviewThe NFP report on Friday gave the USD a boost as the data under the hood was better than feared. The probabilities for a 50 bps cut decreased as a result and they are now standing around 27%. A soft US CPI report tomorrow might increase those probabilities a little bit, but we will still head into the FOMC decision with a 25 bps cut as the most probable scenario. Nevertheless, the trend in the labour market remains skewed to the downside and time will tell if the Fed’s cuts will be enough to stop this trend.For the Fed, the market sees a 73% probability of a 25 bps cut at the upcoming meeting and a total of 110 bps of easing by year-end. For the RBNZ, there’s a 78% chance

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NZDUSD Technical Analysis – The USD gains on lower 50 bps probabilities ...Middle East

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