In view of Imre Speizer, Research Analyst at Westpac, NZD/USD has had a good run in November, rising almost 4c since the Oct low of 0.6425. Some of that is due to a strong run of economic data (GDP, CPI, jobs), which in turn has raised market expectations of the OCR. Key Quotes “Market pricing for the OCR has now removed any chance of a near-term rate cut, and is slightly more hawkish than the RBNZ’s own OCR forecast which was kept unchanged at today’s MPS.” “We suspect market pricing will drift a little higher near term, but will be restrained by the RBNZ’s implicit signal that it will tolerate abovetarget inflation.” “The more upbeat RBNZ adds to the case for a decent short squeeze over the next few weeks, 0.6850 the next upside target.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Midterms pave the way for slowdown – ABN AMRO FX Street 4 years In view of Imre Speizer, Research Analyst at Westpac, NZD/USD has had a good run in November, rising almost 4c since the Oct low of 0.6425. Some of that is due to a strong run of economic data (GDP, CPI, jobs), which in turn has raised market expectations of the OCR. Key Quotes "Market pricing for the OCR has now removed any chance of a near-term rate cut, and is slightly more hawkish than the RBNZ's own OCR forecast which was kept unchanged at today's MPS." "We suspect market pricing will drift a little higher near term, but will be… Regulated 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.
