Trump delayed tariffs due to pressure from US businesses while US-China trade talks continue to show no progress. Gold could resume its uptrend.
After the surprise cut of 50bps, RBNZ Gov Orr hinted at negative rates amid worsening trade conflict and darkening global outlook. NZD/JPY could head towards 65.30.
RBNZ could hint that they are looking for further easing amidst escalation of the US-China trade war. NZD/JPY could fall further.
Trump could be dragging the trade war until the 2020 US elections before withdrawing to boost vote numbers. Gold could potentially rise higher as risk-off sentiments continue to increase.