Forex News | Forex News Trading | Currency Trading News Video Blog
Forex News Trading and Currency Training Analysis Video
(MAKE SURE YOU SHARE ON FACEBOOK AND TWITTER IF YOU LIKE MY ANALYSIS —>)
RBNZ (Reserve Bank of New Zealand) will be releasing its interest rate decision today and it is widely expected that Gov. Bollard will hike rates today from the current level of 2.75% to 3.00%; here is the forecast:
5:00pm (NY Time) RBNZ Rate Decision Forecast 3.00% Previous 2.75%
ACTION: NZD/USD BUY 3.25% SELL 2.75%
6:45pm (NY Time) NZ GDP q/q Forecast 0.5% Previous 0.8%
ACTION: NZD/USD BUY 0.8% SELL 0.2%
New Zealand GDP is a high impact news release scheduled on a quarterly basis… The expected consensus number is 0.5%, therefore if we get a 0.3% of deviation, we should see market move 40 pips within the hour. NZD has been benefitting from the recent risk appetite sentiment as the result of China’s announcement of ending its peg with USD, and the fact that RBNZ has started its rate tightening cycle. If we get a positive reading on the GDP number, expect NZD/USD to rise and retest recent resistance levels; if the GDP remains heavily to the downside, a decent retracement should be expected of NZD and 0.6800 should provide strong support.
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…
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…
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.
RBNZ (Reserve Bank of New Zealand) will be rendering its Interest Rate Decision on the current rate of 2.50%. Analysts consensus is for an unchanged verdict at 2.50% as the current market condition and New Zealand’s economic outlook don’t justify further rate cutting or hiking at this present moment. However, it is possible we might see some speculative market movement prior to this release, as the accompanied statement may disclose future monetary policy direction and surprise the market.
8:30am CAD Core Retail Sales Forecast 0.4% Previous -0.5% ACTION: (USD/CAD) BUY -0.2% … [Read More...]
Greece got a 45 Billion Euro rescue package at 5% interest rate, which is below the 6.98% rate. As reported in the Bloomberg Article, managing director of BlueGold Capital Management LLP in London said" “This … [Read More...]
8:15am NY Time US ADP NFP Change Forecast 40K Previous -20K ACTION: USD/JPY BUY +90K SELL -10K We’ll be focusing on the ADP NFP Employment Release today and … [Read More...]
10:00am (NY Time) US New Home Sales Forecast 442K Previous 433K ACTION: USD/JPY or USD/CHF BUY 512K SELL 370K New Home Sales is expected at 442K, if the number is lower, it … [Read More...]
8:30am (NY Time) US Core Retail Sales Forecast 0.5% Previous 0.2% 8:30am (NY Time) US Retail Sales Forecast 0.6% Previous 1.4% ACTION: … [Read More...]
Hey folks: Henry Liu here again with an overview of upcoming high impact tradable releases for the week. As usual, I will be sending you more detailed analysis on each release about a day before their … [Read More...]
The plan for Existing Home Sales release from U.S. will be the typical retracement trading method, where we’ll wait for the release and then wait for a decent retracement before getting into a trade. … [Read More...]
Henry Liu (13)
jay (4)
Ghazali (3)
ahmed k... (2)
Atere O... (2)
John (2)
Adriana (1)
alex wale (1)
christian (1)
Danny (1)
Recent Comments