Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
FxWirePro: GBP/NZD stuck in range but outlook is bullish 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
FxWirePro: GBP/NZD gaining momentum for a move towards 2.3350level 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Urban studies: Doing research when every city is different 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
FxWirePro: USD/CNY hits one –month high, scope for further upside 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
NZD/USD chart - Trading View
NZD/USD was trading 0.23% lower on the day at 0.6118 at around 09:40 GMT.
The pair is likely consolidating previous session's gains, bias higher as long as pair holds above daily cloud.
Antipodeans weaken across the board after softer-than-expected China PMI data.
National Bureau of Statistics (NBS) report earlier today showed China December Caixin manufacturing PMI came in at 49.4 vs. 50.1 last.
Meanwhile, purchasing managers' index (PMI) for China's manufacturing sector arrived at 50.8 in April, while Non-Manufacturing PMI rose from 52.3 prior to 53.2.
On the other hand, the ANZ Business Confidence for New Zealand, for April, recovered from -69.5 expected to -66.6 but Activity Outlook dropped below -26.7% previous mark to -55.1%.
Cloud breakout has raised scope for further upside in the pair. Momentum studies are bullish.
Resumption of upside will see test of 61.8% Fib at 0.6264. Retrace below 55-EMA to see weakness. Breach below cloud confirms bearish resumption.
