The post Likely to trade in a range of 0.5720/0.5760 – UOB Group appeared on BitcoinEthereumNews.com. New Zealand Dollar (NZD) is likely to trade in a range of 0.5720/0.5760. In the longer run, the outlook for NZD is neutral now, and it is likely to trade in a range between 0.5685 and 0.5770, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Outlook for NZD is neutral now 24-HOUR VIEW: “NZD rose to a high of 0.5751 two days ago. Yesterday, when it was 0.5745, we highlighted the following: ‘Despite the advance, there has been no clear increase in upward momentum. That said, the firmer underlying tone suggests that NZD is likely to trade in a higher range of 0.5725/0.5755 today’. NZD subsequently dropped to a low of 0.5710 and then rebounded to close largely unchanged at 0.5743 (- 0.04%). The price action provides no fresh clues, and today, we expect NZD to trade in a range of 0.5720/0.5760.” 1-3 WEEKS VIEW: “We turned neutral on NZD last Friday (17 Oct, spot at 0.5725). We highlighted that ‘downward pressure has eased’, and we expected NZD to ‘trade in a range between 0.5685 and 0.5770’. Our view remains unchanged.” Source: https://www.fxstreet.com/news/nzd-usd-likely-to-trade-in-a-range-of-05720-05760-uob-group-202510221034The post Likely to trade in a range of 0.5720/0.5760 – UOB Group appeared on BitcoinEthereumNews.com. New Zealand Dollar (NZD) is likely to trade in a range of 0.5720/0.5760. In the longer run, the outlook for NZD is neutral now, and it is likely to trade in a range between 0.5685 and 0.5770, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Outlook for NZD is neutral now 24-HOUR VIEW: “NZD rose to a high of 0.5751 two days ago. Yesterday, when it was 0.5745, we highlighted the following: ‘Despite the advance, there has been no clear increase in upward momentum. That said, the firmer underlying tone suggests that NZD is likely to trade in a higher range of 0.5725/0.5755 today’. NZD subsequently dropped to a low of 0.5710 and then rebounded to close largely unchanged at 0.5743 (- 0.04%). The price action provides no fresh clues, and today, we expect NZD to trade in a range of 0.5720/0.5760.” 1-3 WEEKS VIEW: “We turned neutral on NZD last Friday (17 Oct, spot at 0.5725). We highlighted that ‘downward pressure has eased’, and we expected NZD to ‘trade in a range between 0.5685 and 0.5770’. Our view remains unchanged.” Source: https://www.fxstreet.com/news/nzd-usd-likely-to-trade-in-a-range-of-05720-05760-uob-group-202510221034

                                                                               Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.                     The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.  “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more