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RBNZ Official Cash Rate Decision (Interest Rate) 12/09/09

December 8, 2009 By Henry Liu Leave a Comment

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3:00pm (NY Time)  RBNZ Rate Decision   Forecast 2.50%    Previous 2.50%
ACTION: NZD/USD        BUY 2.75%     SELL Unchanged

RBNZ is expected to keep rates unchanged at the current level of 2.50% once again during today’s rate decision, as unanimously agreed by all economists surveyed, according to Bloomberg.  As a matter of fact, there seems to be no fundamental reason supporting a rate hike for NZD in the near future, as the current inflationary target for NZD remains below the magical 2.0% level until perhaps 2011…

This is a preview of RBNZ Official Cash Rate Decision (Interest Rate) 12/09/09. Read More...
Filed Under: Forex News Trade, NZD Interest Rate, New Zealand Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

RBNZ Official Cash Rate Decision 10/28/09

October 27, 2009 By Henry Liu Leave a Comment

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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…

This is a preview of RBNZ Official Cash Rate Decision 10/28/09. Read More...
Filed Under: Forex News Trade, NZD Interest Rate, New Zealand Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Weekly Outlook as of September 13, 2009 (09/13/09)

September 13, 2009 By Henry Liu Leave a Comment

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Hello everyone:

Another seemingly quiet week has gone by but the market has not failed to surprise us yet again…  The biggest news last week was not the rate decisions nor the lack of high-impact trend changing news releases, but the apparent endless strength of the Japanese Yen under the new ruling party, which managed to push the USD/JPY close to the 90.00 handle, approaching that yearly low level of 87.00…

This is a preview of Weekly Outlook as of September 13, 2009 (09/13/09). Read More...
Filed Under: Currency Trading Tips, General Tagged With: , , , , , , , , , , , , , , , , , , , , ,

RBNZ Official Cash Rate Decision 09/09/09

September 8, 2009 By Henry Liu Leave a Comment

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5:00pm (NY Time) RBNZ Rate Decision   Forecast 2.50%    Previous 2.50%
ACTION: NZD/USD        BUY 2.75%         SELL 2.25%

RBNZ has been keeping its rate on hold for 2 rate decisions in a row as the last cut was back in April this year from 3.00% down to 2.50%.  The fundamental outlook for NZ remains bleak as during the last rate decision Governor Bollard expressed a concern that rates could move lower. 

This is a preview of RBNZ Official Cash Rate Decision 09/09/09. Read More...
Filed Under: Forex News Trade, NZD Interest Rate, New Zealand Tagged With: , , , , , , , , , , , ,