#eurcad

EUR/CAD H1 Sell 1.5615
SL 1.5645
TP 1.5570

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🧡 @AMarkets_en

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#nzdusd

🇦🇺🇺🇸 The NZD/USD pair is trading at 0.5960.

🏛 The focus of traders is on the Reserve Bank of New Zealand (RBNZ) meeting tomorrow morning. The regulator is expected to cut the rate by another 25 basis points to 3.25%. The bank will also publish a monetary policy statement, which will include forecasts for the change in the interest rate.

📰 It was previously predicted that the rate would bottom at 3% by the end of 2025. However, this was before US President Donald Trump started the global trade war. In the current environment, the forecast for easing national monetary policy may be revised to the target of 2.75%. If expectations are confirmed, the New Zealand dollar may come under pressure.

📉 Given this, the NZD/USD pair retains downside potential.

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🧡 @AMarkets_en

🇺🇸 US durable goods orders fell 6.3% in April after rising 7.6% in March;

📊 The Conference Board's consumer confidence index rebounded to 98 in May from 86 in April, indicating improved US consumer sentiment;

📣 US President Donald Trump expressed hope for progress in nuclear talks with Iran after another round of talks in Rome last week;

🇦🇺 Australia's consumer price index (CPI) remained unchanged at 2.4% year-on-year in April;

🏛 The Reserve Bank of New Zealand decided to cut its key interest rate by 25 basis points from 3.5% to 3.25% following today's meeting.

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#dxy

💵 The dollar index (DXY) is trading at 99.60.

📰 Today, the minutes of the latest Federal Reserve monetary policy meeting will be published. Market participants hope to find new signals in favor of a further reduction in the key interest rate in the United States, given the growing pressure on the regulator from President Donald Trump. At the moment, the market consensus forecast points to two rate cuts by the end of the year.

🏛 In addition, tomorrow, traders will pay attention to the data on the dynamics of the gross domestic product (GDP) of the United States in the first quarter. The quarterly value is expected to remain at the same level of -0.3%, which may increase fears about a recession in the United States.

📉 Given this, the DXY retains the potential for a decline.

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