Heavyweight data is coming! The Federal Reserve is expected to continue cutting interest rates but at a slower pace.
The Federal Reserve will receive a series of employment market data next week, which will provide important support for its next decision.
Trump's trade talks 'fizzle out,' the dollar may have its worst weekly performance since August.
The US dollar is heading for its largest weekly decline in three months.
Allianz Investment: Predicting the Fed to cut interest rates by 125 basis points from December to next year.
Chen Jiaying believes that the Federal Reserve began its easing cycle in September this year, and short-term interest rates will gradually decline. The Fed is expected to cut interest rates by another 25 basis points in November, and predict a total cut of 125 basis points from December to next year.
NZD/USD Price Forecast: Tests Descending Channel's Upper Boundary Above 14-day EMA, 0.5900
ANZ Bank: It is expected that with the decrease in interest rates, house prices in New Zealand will rise next year.
ANZ Bank's New Zealand branch stated in a report that the softness of New Zealand's real estate market will be slightly more pronounced this year, but the recovery in 2025 will be stronger. The bank expects prices to fall by 1.5% in 2024, up from the previous forecast of 1%; it is forecasted that prices will rise by 6% by 2025, higher than the previous forecast of 4.5%.
NZD/USD Price Analysis: Pair Faces Resistance at 20-day SMA, Momentum Persists
