Post Tagged with: "RBNZ"
Forex Weekly Outlook – March 9-13 2009
After a wild week, the forex market returns to a rather normal week. Major events are the new interest rates from New Zealand and Switzerland, Japanese Final GDP, Australian and Canadian employment figures, American Retail Sales and Trade Balance in both Canada and the US. Here’s the menu for the second week of March: Monday,
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
Kiwi Jumps After Employment Data
NZD/USD got some strengh after the quarterly Employment Change was surprisingly good in New Zealand. NZD/USD now trades at 0.5080, making a quick leap. Employment in New Zealand is comparably in a good shape. This rate is far from being the worst in the world, and still causes envy sights from other Western nations. And as
NZD/USD goes lower on Labor Cost Index
In the wake of Forex trading in February, the Labor Cost Index was published in New Zealand, and it wasn’t good. The index did rise, but only at 0.7%, lower than a rise of 0.9% that was expected. In initial forex tradin this week, the kiwi lost ground to 0.5075 and extended its falls from last
NZD/USD on the Edge
The New Zealand dollar got two major blows this evening: A big rate cut and a bad Trade Balance. Looking at forex charts, NZD/USD is on the edge of major support line. Breaking it could show the way for deep plunge. First, RBNZ cut the interest rate by 1.5%! This dramatic cut was more than
Forex Daily Analysis – January 28 2009
Wednesday, January 28th, features a rate decision by the Federal Reserve. A cur isn’t expected, but the statement will be of interest to traders. Also New Zealand will feature a rate decision, and in Germany there are some important releases today. For those trading the Aussie, the quarterly CPI will be published at 00:30 GMT.