Post Tagged with: "Alan Bollard"
Robust US Recovery to Keep Fed Doves Low
The composition of the Federal Reserve has undoubtedly changed in favor of the doves. However, the strong recovery in the US, and the already loose monetary policy will likely remain unchanged. David Song of DailyFX discusses the Fed, China’s landing, Spain’s edge over Italy, Britain’s safe haven status and one currency which still has a
NZD/USD Outlook –June 6-10
The kiwi broke to historic highs, but could not hold on to them. The rate decision is the key event this week alongside other RBNZ related events. Here is an outlook for the events awaiting the New Zealand dollar, and an updated technical analysis for USD/NZD. The kiwi soared to its highest level in 26
NZD/USD Outlook – May 2-6
Labor Cost Index, Building Consents, and Employment data are the market movers this week. Here is an outlook on the coming events and an updated technical analysis for NZD/USD Last week New Zealand’s central bank maintained its benchmark rates announcing they will continue doing so to help recovery following the devastating Christchurch earthquake until next
NZD/USD Outlook –March 21-25
Current Account, GDP and Alan Bollard’s speech are the main events this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis for MZD/USD. Finance Minister Bill English announced last week that New Zealand’s return to budget surplus will be delayed by one year to 2015/16 instead of 2014/15 as was projected
NZD/USD Stabilizes After Rate Decision
New Zealand’s central bank left the interest rate unchanged at 3% as expected. After the kiwi was falling, it managed to stabilize. Update
Forex Daily Outlook – October 19 2010
US Building Permits, and Housing Starts, US Federal Reserve Chairman Ben Bernanke speech in Fairfax and Canadian Rate decision are the major events on this busy day. Here is an outlook on the market moving events ahead. In the US, Building Permits an indicator of future activity is expected to stay low following 0.57M permits
NZD/USD Outlook – October 18-22
CPI is the key event in the kiwi’s week. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD. NZD/USD daily chart with support and resistance lines marked. Click to enlarge: NZD/USD climbed to fresh highs but found strong resistance. Will it make a break now? Let’s start
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