Results are coming in from the parliamentary elections in New Zealand and the results show a victory for the National Party, giving Prime Minister John Key a third term in office. Markets like continuity and certainty as well as market oriented governments. This was not unexpected, but the actual results could even be better: National is en route to win an absolute majority in parliament, with 61 out of 121 seats, making policy making easier, even if Key opts to form a coalition with a few small parties. The victory comes on the backdrop of strong economic growth, as we just learned against last week with the release of the better than expected growth figures for Q2. In his victory speech, Key was generous with his finance minister Bill English, and called him “the best finance minister in the developed world”. Another term in office for English alongside Key is another positive for markets. NZD/USD had a tough time recently, falling on the desire of the RBNZ to see a weaker currency and the upcoming tightening in US monetary policy. The pair could enjoy a rebound, at least early in the week. Stay tuned for the weekly NZD/USD forecast coming later on during the weekend. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next NZD/USD Forecast Sep. 22-26 Yohay Elam 7 years Results are coming in from the parliamentary elections in New Zealand and the results show a victory for the National Party, giving Prime Minister John Key a third term in office. Markets like continuity and certainty as well as market oriented governments. This was not unexpected, but the actual results could even be better: National is en route to win an absolute majority in parliament, with 61 out of 121 seats, making policy making easier, even if Key opts to form a coalition with a few small parties. The victory comes on the backdrop of strong economic growth, as we… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
