We recently noticed that some third-party companies and individuals impersonated the TOPONE Markets brand and illegally misappropriated our trademarks.

We Hereby Reiterate Our Statement:

TOPONE Markets does not provide discretionary account operation trading services, nor does it cooperate with other third-party vendors and/ or agents to provide such services.
TOPONE Markets staff will not promise to our customer the definite profit, please do not trust any kind of the profit promise or profit related picture, such as screenshot/ chat history, etc, all investment profit can be only viewed on our official website and application.
TOPONE Markets is a professional online trading platform with low spreads and zero handling fees. Be wary of any behavior that asks you for any fees directly and privately. TOPONE Markets does not charge a fee at any stage of its trading process or other fee.

If you have any questions or concerns, please feel free to reach us by clicking the "Online Customer Support" or send an email to our customer care team cs@top1markets.com. We will answer your questions and assist you promptly.

Understood

We use cookies to learn more about how you use our website and what we can improve. Continue to use our website by clicking "Accept". Details

यह वेबसाइट संयुक्त राज्य के निवासियों को सेवाएं प्रदान नहीं करता है।

Trader Affiliates

Market News NZDUSD holds advances over 0.58 despite moderate USD decline; focus remains on NFP data

NZDUSD holds advances over 0.58 despite moderate USD decline; focus remains on NFP data

NZDUSD regains bullish momentum on Friday and receives support from multiple reasons. A minor USD decline and a favorable risk sentiment provide some support for the risk-sensitive New Zealand dollar. Before the NFP, the Fed's hawkish outlook should assist limit USD losses and restrict the pair.

Alina Haynes

2022-11-04

895

截屏2022-11-04 下午4.09.58.png

The NZDUSD gets new buying interest near 0.5755 on Friday, reversing the previous day's decline to a weekly low. Throughout the early European session, the pair continues its bid tone and is currently located at the day high, slightly above the 0.5700 round-figure mark.

The US Dollar appears to have halted its post-FOMC rise and ended its six-day winning run, which provides support for the NZDUSD pair. A generally optimistic tone on the equity markets is expected to weigh on the safe-haven dollar and benefit the risk-averse New Zealand dollar. Aside from this, the USD decline could be linked to repositioning trade ahead of the closely-watched US employment report, which is scheduled for release later during the early North American session.

However, elevated US Treasury bond yields, supported by the Federal Reserve's more hawkish posture, could prevent any wider USD drop and limiting gains for the NZDUSD pair. Recall that Fed Chair Jerome Powell dismissed expectations for a dovish flip and said it was too early to talk a stop in the rate-hiking cycle. Powell added that the terminal rate will remain higher than anticipated, causing a dramatic increase in the yields on US Treasury bonds.

In fact, the yield on the two-year US government bond, which is extremely sensitive to forecasts of interest rate hikes, reached a 15-year high on Thursday and inched closer to the psychological 5% threshold. In the meantime, the benchmark 10-year US Treasury note remains over the 4% threshold and favors USD bulls. Ahead of the significant data risk, the fundamental environment may discourage traders from initiating aggressive wagers and limit the NZDUSD pair's rise for the time being.