Fundamental:
-. Finance Minister Grant Robertsonwarns that “a recession in New Zealand is now almost certain"
-. Government announced a massive business package, with an $8.7 billion injection into business and jobs including wage subsidies and tax changes, $2.8 billion for a permanent boost to benefits and doubling the Winter Energy Payment, and $500 million into health
-. ANZ is predicting 11 percent unemployment, a 22-23 percent drop in GDP in the first six months of the year, 10 percent lower for the full year
Technical:
-. Bearish continuation pattern
-. D1 bearish engulfing
-. Finance Minister Grant Robertsonwarns that “a recession in New Zealand is now almost certain"
-. Government announced a massive business package, with an $8.7 billion injection into business and jobs including wage subsidies and tax changes, $2.8 billion for a permanent boost to benefits and doubling the Winter Energy Payment, and $500 million into health
-. ANZ is predicting 11 percent unemployment, a 22-23 percent drop in GDP in the first six months of the year, 10 percent lower for the full year
Technical:
-. Bearish continuation pattern
-. D1 bearish engulfing