The GDT Price Index in New Zealand rises to 6.7%, up from 1.5%

    by VT Markets
    /
    Feb 4, 2026
    The New Zealand GDT Price Index rose to 6.7%, up from 1.5%. This change reflects shifts in market trends amid global trading. The EUR/USD pair is steady above 1.1800 as traders wait for consumer inflation data from the Eurozone. GBP/USD is stable around 1.3700, showing signs that it may move soon.

    Gold And Market Trends

    Gold is climbing, recovering from its four-week lows and trading above $5,000. The uncertainty surrounding the Federal Reserve’s interest rate outlook is helping gold’s recent rise. In the world of cryptocurrency, coins like World Liberty Financial, Cosmos, and Jupiter have seen slight gains. Ripple, however, is trading just below $1.60, struggling due to low demand. Stock markets are facing downturns, particularly with tech stocks suffering significant losses. Major indices like the Nasdaq and S&P 500 are down, creating challenges for the broader market, even though precious metals show positive trends. FXStreet emphasizes the need for thorough research before investing. It warns about the risks associated with trading and investing, highlighting that there are no guarantees regarding the accuracy or timeliness of the information. The data shared is meant for informational purposes only and does not serve as investment advice.

    Market Trends As Of February 2026

    As we approach February 2026, the market shows clear divisions. A sharp sell-off in tech has seen the Nasdaq 100 drop over 4% in the last three sessions, leading capital to move from stocks to safer assets. This cautious environment should influence our trading strategies in the coming weeks. Gold is directly benefiting from this uncertainty, building on its recovery from January’s lows. With the US Dollar facing challenges due to uncertainties in Fed leadership and a weak ISM Services PMI of 49.2 reported yesterday, gold reaching $5,100 seems more likely. Traders might want to consider buying call options on XAU/USD with strike prices near that level, aiming for late February or March expiration dates. The outlook for equity indices is negative, especially for tech stocks. The recent move away from growth stocks is reminiscent of the sell-offs in 2025 due to inflation worries. We should look into buying put options on the S&P 500 or setting up bear put spreads on the Nasdaq to take advantage of further price declines. The EUR/USD is trading in a narrow range just above 1.1800, awaiting important inflation data from both the Eurozone and the US. With the potential for a breakout, a long straddle strategy may be beneficial, allowing us to profit from a significant price move in either direction following the data. Volatility is expected to increase after the Eurozone HICP report, which is estimated to be 3.1% year-over-year. In the UK, GBP/USD shows signs of fatigue around the 1.3700 mark, with technical patterns indicating a possible bearish reversal. Last week’s disappointing UK retail sales, which fell by 0.8%, suggest a higher chance of a downward move. Buying puts on the pound against the dollar could present a good risk-to-reward opportunity. Commodity currencies are offering mixed signals, creating potential pair trading opportunities. The rise in New Zealand’s GDT price index to 6.7% is a strong bullish indicator for the Kiwi dollar. Conversely, the Australian dollar is weighed down by a broader risk-off attitude, suggesting a long NZD/AUD position to leverage New Zealand’s strong fundamentals. Create your live VT Markets account and start trading now.

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