Post Tagged with: "kiwi"
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 Outlook – June 21-25
GDP is the key event in this week’s kiwi trading. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD, now in higher ground. NZD/USD chart with resistance and support lines on it. Click to enlarge: New Zealand saw another month of squeeze in retail sales. This doesn’t go
NZD/USD Outlook – June 14-18
The kiwi enjoyed the rate hike in the past week to make gains against the dollar. Here’s an outlook for the single event that is due in New Zealand, and an updated technical analysis for NZD/USD. NZD/USD graph with support and resistance lines on it. Click to enlarge: Alan Bollard was the third central banker
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
NZD/USD Outlook – June 7-11
This week is critical for the kiwi – a rate hike is expected from the central bank. Here’s an outlook for the events in New Zealand and an updated technical analysis for NZD/USD. NZD/USD chart with support and resistance lines on it. Click to enlarge: The kiwi suffered from the American Non-Farm Payrolls, like all
NZD/USD Outlook – May 31 – June 4
The kiwi managed to end a volatile week higher, moving mostly on higher inflation expectations and an improved surplus in its trade balance. The kiwi will move mostly on technicals in the upcoming week. Here’s an outlook for the events in New Zealand and an updated technical analysis for NZD/USD. NZD/USD graph with support and resistance
NZD/USD Outlook – May 3-7
The kiwi finished the week higher, and now expects the all-important employment figures. Here’s an outlook for the events in New Zealand and an updated technical analysis for NZD/USD. NZD/USD graph with support and resistance lines marked. Click to enlarge: The rate decision was mixed – on one hand, Alan Bollard declared that the rates
NZD/USD Outlook – April 26-30
A rate decision stands out in this week’s kiwi events. Here’s an outlook for the events in New Zealand and an updated technical analysis for NZD/USD. NZD/USD chart with support and resistance lines marked. Click to enlarge: The kiwi managed to close the week higher, despite weaker-than expected CPI. This will probably be reflected in
NZD/USD Outlook – April 19-23
The kiwi was hurt by the drop in retail sales that was reported in the past week. Here’s an outlook for this week’s major events, and a technical analysis for NZD/USD. NZD/USD graph with support and resistance lines on it. Click to enlarge: Note: I haven’t made a weekly outlook for the kiwi in a
Kiwi Drops on Retail Sales – Rate Hike Unlikely Soon
NZD/USD usually trades in narrow ranges and is mostly affected by the greenback’s news. This time, local retail sales were really bad and sent the kiwi down – no rate hike coming soon… Retail sales in New Zealand were bad – they dropped by 0.6%, much worse than early expectations for a rise of 0.2%.