Stalemate for the Kiwi bulls and bears .
As the trading week gets on its way, NZD/USD is up to 0.6371, after closing yesterday at zero. Overall, a 0% move or 6,370 pips this week. (Trade the Kiwi with FXTM now).
Uptick comes while some more positive signs for the Kiwi are out as highly important Crude Oil Inventories data from United States beat analyst expectations of -2.76 million with a reading of -12.58 million.
On the flip side, data for United States Initial Jobless Claims published yesterday at 13:30 UTC came out at 225,000, beating projections of 235,000 and showing improvement over the preceding figure of 241,000. Highly important Pending Home Sales data from United States beat analyst expectations of -5% with a reading of -4.6%.
At the same time, United States ISM Manufacturing PMI (Nov) released yesterday at 15:00 UTC with a figure of 49, while the previous figure was 50.2. United States Core PCE Price Index (MoM) (Oct) came out at 0.2, while a consensus of analysts was expecting 0.3.
Outlook for rest of the week: Positive indicators for the New-Zealand Dollar are expected going forward as United States Non Farm Payrolls expected to decline to 200,000 while its preceding data was 261,000, data will be available today at 13:30 UTC.
Furthermore, the market is looking at New Zealand RBNZ Gov Orr speech is expected today at 04:30 UTC. New Zealand Electronic Card Retail Sales (MoM) (Nov) scheduled to come out Thursday.