 
    
    Weekly market update on the USD, the GBP, and the stocks
 
    
    Weekly market update on the USD, the GBP, and the stocks

Time to case-test a triangle chart formation with NZD/USD

This currency pair is now between the two MAs at the key resistance level - will it break it?
 
    
    After the words of Fed Chair Jerome Powell, the market has got confidence.

The Reserve bank of New Zealand holds a meeting on Wednesday at 3:00 MT time.
 
    
    Will we see new dovish insights?

The New Zealand dollar has been really strong lately. Will it beat the multiyear highs?

The dollar gains against low-yielding currencies on Wednesday, hitting a five-month high against the yen as US bond yields jumped on the prospects of further economic recovery.

Jump in to get the technical analysis of EUR/GBP, GBP/USD, and gold!
 
    
    New Zealand published encouraging labor data. Stock indices surged on better-than-expected earnings of Google and Amazon.

Asian shares climbed to near all-time highs on Monday as concerns over rising COVID-19 cases and delays in vaccine supplies were eclipsed by the optimism of a $1.9 trillion fiscal stimulus plan to help revive the US economy.

President-elect Biden will present details of his plans to support the economy through the pandemic, while Federal Reserve chairman Jerome Powell may offer some reaction in a speech later.
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
