Site map
العربية Azərbaycan Български 中文 Čeština English Français ქართული Deutsch Magyar हिन्दी Bahasa Indonesia ایرانی Italiano 日本語 한국어 Lietuvių Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Türkçe Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

InstaForex Bonuses

InstaForex Bonuses
Make a deposit
Money withdrawal
pay icon

Global macro overview for 10/08/2017:

The Reserve Bank of New Zealand left the Official Cash Rate (OCR)unchanged at the level of 1.75% as expected. In the official statement, the RBNZ said, that monetary policy is expected to remain accommodative for a long time, in order to support growth and guide inflation towards the RBNZ's target on a sustained basis. Numerous uncertainties remain and policy may need to adjust accordingly as the lower NZD is needed. Longer-term inflation expectations remain well-anchored at around 2% and future headline inflation is projected to reach the midpoint of the target band over medium-term. Headline inflation is likely to decline in coming quarters, but global growth has increased and domestic economic growth is expected to improve.

This dovish tone of the statement was broadly expected given the weaker balance of economic data over the last few months. However, while the RBNZ acknowledged the recent softer data, it held the line on just about every aspect of its forecasts as the projected OCR path was identical to the June statement. The RBNZ is maintaining a relatively positive view on the domestic growth outlook, continues to see the unemployment rate trending lower, and wage growth rising. As such, non-tradable inflation still rises gradually within the forecasts. Moreover, the overall tone of the statement signals clearly that it is going to take a lot of accumulated evidence to warrant a departure from this cautious stance in either direction. For now, the NZD is weakening across the board and further weakness is anticipated.

Let's now take a look at the NZD/USD technical picture at the H4 timeframe. After the interest rate news was released, the price moved lower towards the level of 0.7333 support and broke below it. The market conditions are oversold, but the price action remains sideways. The technical resistance at the level of 0.7333 is the key to the upside for bulls.

Exchange Rates 10.08.2017 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Sebastian Seliga,
Analytical expert
InstaForex Group © 2007-2018
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Get $1000 STARTUP Bonus
Start trading without any investments and risks right now!
Enter your e-mail
Get $1000
Accept the terms of the Bonus Agreement
Get $1000 STARTUP Bonus
Start trading without any investments and risks right now!
Your full name
Phone number
Link to your Facebook page

Your request for receiving $1000 bonus is being processed.

Please do not leave the website for 5 minutes to confirm you are not a robot.

When 5 minutes pass, your bonus account will be opened. While you are waiting, you can read useful information on our website.

Please do not leave the website for 5 minutes to confirm you are not a robot and receive the $1000 bonus
We congratulate you on the registration of a trading account!
We are processing your request for the StartUp bonus. The confirmation of crediting the bonus will be sent to your email
Your trading account number (login) in InstaForex:
Trader password:
Start trading.
MT4 for Android
MT4 for IOS
MT4 for Windows
Copy the trades of successful traders using the ForexCopy system:
Copy trades
Get bonus
from InstaForex
on every deposit
Earn up to
for inviting friends to get StartUp Bonus from InstaForex
No investments required!