by Henry Liu on December 8, 2009
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…
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by Henry Liu on December 2, 2009
7:45am (NY Time) EU ECB Rate Decision Forecast 1.00% Previous 1.00%
ACTION: EUR/USD N/A
It is widely expected that ECB (European Central Bank) is likely to leave its official interest rate once again at 1.00%, or unchanged. Analysts surveyed seem to agree that it is too soon for ECB to hike interest rate. ECB’s next interest rate move is likely to be a hike, but it probably won’t take place until the end of first quarter of 2010 as I’ve pointed out in the analysis during last ECB Rate Decision.
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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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by Henry Liu on October 19, 2009
9:00am (NY Time) CA BOC Rate Decision Forecast 0.25% Previous 0.25%
ACTION: USD/CAD Depend on Market Condition
BOC (Bank of Canada) renders its Overnight Rate decisions 8 times a year and today’s meeting will be widely watched by traders and speculators alike. Since interest rate policy serves as a tool to fight inflation and maintain price stability, this news event is probably the most important event from Canada for currency traders.
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by Henry Liu on October 12, 2009
Last week was a surprising week to say the least, as the biggest news out of the entire currency market was the Reserve Bank of Australia (RBA) hiking its bank rate by 0.25% to 3.25% and surprised the entire world in the process…
Needless to say, immediately after the release, Equity market ended its downward correction, and a renewed sense of risk appetite took over, pushing all high-yield currencies, commodity currencies, Equity indices, to fresh new 2009 highs.
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