We continue to see a
pullback in the US Dollar as the market kind of reached the peak in the
repricing of interest rates expectations and it will need stronger reasons to
price out the remaining rate cuts for 2025.

This was signalled by the
lack of US Dollar strength after lots of strong US data with the market’s
pricing remaining largely unchanged around three rate cuts by the end of 2025.
We might see the greenback remaining on the backfoot at least until the US CPI
due in two weeks.

On the NZD side, the RBNZ
this week cut interest rates by 50 bps as expected but overall was less dovish
than the market’s aggressive view. Right now, the market sees a 68% chance of a
25 bps cut in February 2025 and a total of 88 bps of easing by the end of next
year.

NZDUSD
Technical Analysis – Daily Timeframe

On the daily chart, we can
see that NZDUSD probed below the key support zone around the 0.5850 level but eventually
rallied back above it. We are now approaching a key resistance around the
0.5912 level.

This is where we can expect
the sellers to step in with a defined risk above the resistance to position for
a drop into new lows. The buyers, on the other hand, will want to see the price
breaking higher to increase the bullish bets into new highs.

NZDUSD Technical
Analysis – 4 hour Timeframe

On the 4 hour chart, we can
see that we have also the 50% Fibonacci
retracement level standing around the 0.5912 resistance. This should
technically strengthen the resistance zone. Again, the sellers will look for a
rejection around the resistance, while the buyers will look for a break to the
upside to position for a rally into the 0.6050 level next.

NZDUSD Technical
Analysis – 1 hour Timeframe

On the 1 hour chart, we can
see that we have an upward trendline
defining the current pullback into the resistance. If we were to get a pullback
into it, we can expect the buyers to lean on it to position for a break above
the resistance, while the sellers will look for a break below it to increase
the bearish bets into new lows. The red lines define the average daily range for today.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

Check your diaries and make sure you’re free! It’s nearly time for iFX EXPO Dubai 2025, as the renowned online trading event returns to the Middle East and North Africa (MENA) region once again – bigger, busier, and better than ever before.

Set to be one of the largest and most prominent B2B and B2C expos ever held in MENA, iFX EXPO Dubai 2025 takes place at the impressive Dubai World Trade Centre, featuring 2+ days of networking, learning, and inspiration between 14-16 January.

Whether you’re a trader, broker, affiliate, IB, fintech, or service provider, make sure you secure your spot early, as this is an expo you won’t want to miss. Expect to meet leading industry figures from the financial world, with 7k+ attendees from 120+ countries, 1.6k companies, and 100+ expert speakers set to attend.

As MENA’s no.1 destination of choice for leading brands across the financial sector, a number of established firms have already been confirmed as official sponsors, including Exness, TradeLocker, Vantage, TradingPRO, Centiwise, CPT Markets, and FundingPips to name a few.

An essential learning hub

Alongside the vast array of networking opportunities and industry insights at iFX EXPO Dubai 2025, the educational aspect forms an integral part of the event, with a range of learning sessions available to businesses and traders alike.

iFX EXPO acts as a platform for all attendees to explore partnerships, discover growth opportunities, gain leads, and learn within a professional setting. Offering a unique platform for knowledge-sharing and growth, the expo features numerous speaker sessions, Q&As, and panel discussions hosted across three separate, designated spaces: Speaker Hall, Idea Hub, and Traders Arena.

Key individuals scheduled to speak include Nameer Khan (Chairman & Founder MENA Fintech Association / FILS), Ahmed Allam (Financial Expert, H.H. The Ruler’s Court of Dubai), Kavish Ahuja (Partnerships Lead, Middle East & Africa, Payoneer), and Prasad Khambalikar (Regional Director, Banking & Financial Services, Europe, Oracle), among many others.

Some of the standout sessions, which are expected to be highly popular among attendees, include:

• License to Bill: The Art of Payment Mastery (Speaker Hall)

• The Fast and the Fintech: MENA’s Race to Innovate (Speaker Hall)

• Golden Bytes: Turning Currency into Gold in MENA (Speaker Hall)

• Success Stories: How to Thrive & Survive in The UAE Startup Ecosystem (Idea Hub)

• UAE: Are We Talking About the New Powerhouse for Prop-Trading? (Idea Hub)

• Trader’s Upgrade – Step Up Your Game: How to Become IBs & Affiliates in MENA (Traders Arena)

Exclusive accommodation and flight offer

Attendees at iFX EXPO Dubai can activate special discounts on both their travel and accommodation, with the event organisers putting in place special arrangements in partnership with Emirates and 25hours Hotel Dubai One Central.

By using the promotional code ‘EVE625F’, travellers booking their flights between gateway cities served by Emirates can receive between 5-10% off travel into Dubai between 9-21 January 2025, with return flights no later than 31 January 2025.

Also, guests choosing to stay in close proximity to the expo floor can unlock an exclusive discount on stays at 25hours Hotel Dubai One Central, with various room types available on a bed and breakfast basis for a special reduced rate.

Dubai awaits! Secure your spot today

With the new year just around the corner, anticipation is already building ahead of the latest edition of iFX EXPO Dubai. Industry players from all over the world are preparing to head to the UAE’s premier financial hub to experience the best expo MENA has to offer.

Those interested in attending are strongly encouraged to secure their place ahead of time, with the early bird offer for the P3 Category (PSP, Technology Providers, Service Providers, and Media) set to expire on 5 December. Individuals can view this and all the other pass categories by heading to the registration page here.

Remember to follow all the latest iFX EXPO news and announcements on social media via LinkedIn, Facebook, X, and Instagram.

This article was written by ForexLive at www.forexlive.com.