New Zealand GDP Rises Nicely
New Zealand’s GDP rose by 0.6% in Q1 – more than expected. This prompts more rate hikes and a long term rise for NZD/USD. Gross Domestic Product in New Zealand was expected to rise by 0.5%, and it surprised with a rise of 0.6%. It’s important to note that also the GDP for Q4 was [...]
NZD/USD Rises on Rate Hike and Future Hikes
New Zealand’s RBNZ was the third central bank to raise the rates. This is only the beginning, with more hikes expected. NZD/USD likes it. Update on this currency. Alan Bollard, governor of the Royal Bank of New Zealand, didn’t disappoint traders, as he followed Australia and Canada. The Official Cash Rate in New Zealand is [...]
Forex Daily Outlook – June 10 2010
US Unemployment Claims and Trade Balance followed by Canada’s Trade Balance highlight this day’s events. Let’s see what awaits us today. In the US, Unemployment Claims are expected to continue decreasing from 453K to 447K which is a good sign for the US market.
Forex Daily Outlook – November 4th 2009
A very busy day expects forex traders with a rate decision in the US being the highlight of the day. There are important figures from all over the world. Let’s see what’s up: Here’s the Arabic version of this daily forex forecast. British Nationwide Consumer Confidence is expected to edge up from 71 to 72 [...]
Forex Daily Outlook – October 28th 2009
Risk aversion continues to dominate the markets, and the US dollar enjoys it. Today’s highlights are Durable Goods Orders, New Home Sales and an interesting rate decision in New Zealand. Let’s see what’s on the menu today: Australian CPI rose by 1% in the previous quarter, exceeding expectations of a 0.9% rise. Trimmed Mean CPI [...]
Forex Weekly Outlook – October 26-30 2009
The last week of October provides American and Canadian GDP, rate decision in New Zealand and Japan, and many other important figures from all over the globe. Will the dollar continue weakening? Let’s see what will affect the markets this week. General dollar weakness didn’t affect all the currencies. Some have their own troubles. In [...]
The Kiwi Flies Higher – Rate Hike Coming?
NZD/USD, the kiwi, reached new Year to date highs, passing 0.75 at the beginning of the new week. Is the market expecting a rate hike next week? Forex trading began with new dollar weakness. Many currencies regained against the dollar after losing ground on Friday. Mostof them are currently within levels seen last week: EUR/USD [...]
New Zealand Rates Unchanged – Kiwi Makes A Roundtrip
The interest rate in New Zealand remained unchanged at 2.5%. In the official RBNZ rate statement, the first paragraph talks about recovery while the last paragraph hints of future rate cuts. The kiwi went down just before the statement only to go up. A similar knee-jerk reaction was seen with Non-Farm Payrolls. Such events are [...]
Forex Daily Outlook – July 29th 2009
American Durable Goods Orders and a rate decision in New Zealand are the highlights of this busy day in forex trading. Australian HIA New Home Sales starts the day. Last month, this figure fell by 5.7%. In New Zealand, NBNZ Business Confidence is an important release that will give a broad view over the economy. A bigger [...]
Forex Daily Outlook – March 3rd 2009
This can easily be called “Super Tuesday”: rate decisions from Australia and Canada, Swiss GDP, House Prices from Britain, Pending Home Sales in America and Bernanke’s testament fill up a very promising day in forex trading. Australia supplies lots of data at the beginning of Tuesday. First Retail Sales are expected to turn negative, dropping [...]
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