Important events this week:

Last week stock markets moved lower following the shaky sentiment in markets. Despite stronger earnings of chipmaker Nvidia the negative momentum in particular in regards to the AI sector caused the selloff to continue. Also, a better-than-expected Nonfarm payrolls report did not help markets much and so traders should expect the volatile trading days to continue this week.

Positive might be, though, that the fear and greed indicator already shows strong fear in markets. A potential positive sign as the sentiment from that level might hence start to improve, which would help lifting up markets again.

A mixed bag of economic data might give further insights into the economy with probably the most important one being the core PCE price index from the United States. With the positive risk sentiment having faded recently, also the interest rate decision of the RBNZ might be worth a consideration.

NZ interest rate decision: it is expected that the Royal Bank of New Zealand will cut rates to 2.25% from the current 2.50% level. The NZD is currently losing steam against other currencies. Similar to the AUD, the Kiwi is generally proceeding to lower levels, when risk appetite in markets is fading. With the recent turmoil in stocks so far in November also the NZDUSD currency pair might weaken further.

As the weekly chart above shows, the market has been in a steady downturn in recent months. Currently, the market is trading on top of the small support level at 0.5600. A break of that zone might indicate a another slide in prices towards the 0.5550 zone. A cut in rates is currently being expected but might still cause the pair to weaken. On the other hand, rising prices towards the technical resistance level of 0.5800 might also be used in order to sell the currency pair at a better price. The rate decision will be held on Wednesday the 26th of November, 2025 at 02:00 CET.

US core PCE price index: the core PCE price index is the main source of information used by the Federal Reserve in order to determine the interest rate moving forward. Rising prices might then boost the Dollar while weaker momentum could cause the Greenback to rather move to the downside.

The Gold price might also move following the release of the price index. Gold prices have been weakening off the strong resistance zone at around the USD 4,200 level. Should the market now push below the psychological zone of USD 4,000 more bearish momentum might occur. The price could then slide towards the USD 3,400 area. An increase in the price index might cause such move. It might then not be expected that the FED will cut rates, in order to curb inflation. This, in turn, would help the Dollar to strengthen and pulling Gold price lower. The index will tentatively be released on Wednesday the 26^th of November, 2025.