Stalemate for the New-Zealand Dollar bulls and bears .
A good end to the trading week, NZD/USD is up to 0.6208, after closing yesterday at zero. Overall, a 0% move or 6,207 pips this week. (Trade the Kiwi with FXTM now).
On the flip side, data for United States Pending Home Sales released yesterday at 15:00 UTC is better than expected with -1.5%, but worse than previous figure of 1%. United States Initial Jobless Claims released yesterday at 13:30 UTC is better than expected at 218,000 but down from preceding data of 211,000 according to new data.
Meanwhile, New Zealand Interest Rate came out at 5.5, while a consensus of analysts was expecting 5.5. United States ISM Manufacturing Prices (Nov) released today at 15:00 UTC with a figure of 49.9, while the previous figure was 45.1. United States ISM Manufacturing PMI (Nov) came out at 46.7.
The market is looking forward to the release of new data: United States Nonfarm Payrolls (Nov) will be released Friday. United States Services PMI figure is projected at 50.8. It previously stood at 50.6; data will be released Tuesday. United States ISM Non-Manufacturing PMI (Nov) is expected Tuesday.