by Henry Liu on November 3, 2009
2:15pm (NY Time) US FOMC Rate Decision Forecast 0.25% Previous 0.25%
ACTION: USD/JPY BUY 0.50% SELL <0.25%
FOMC is going to release its short-term interest rate decision and it is widely expected by analysts that FOMC will keep current rates unchanged until 2010. This sentiment is also echoed by FOMC officials and chairman Bernanke, who has stated on more than one occassion that FOMC will not raise interest rate until the labor market improves. With last month’s NFP missing expectation, it is almost a certainty that we’ll get an unchanged verdict.
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by Henry Liu on October 27, 2009
4:00pm (NY Time) RBNZ Rate Decision Forecast 2.50% Previous 2.50%
ACTION: NZD/USD BUY 2.75% SELL Unchanged
RBNZ is expected to leave rates unchanged at the current rate of 2.50%, as unanimously agreed by 11 economists surveyed, according to Bloomberg. As a matter of fact, New Zealand’s economic outlook is still bleak, although NZD has appreciated over 32% in the past 6 months benefited from the surge in risk appetite sentiment, but sentiment alone will not make RBNZ hike rates…
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