Category: RBNZ
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NZDUSD Technical Analysis – A look at the chart ahead of the RBNZ decision
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Basic Overview The US dollar has been broadly weaker since last Friday following the weak US non-farm payrolls report. The data showed further slowdown in the labor market with the unemployment rate rising and wage growth declining. Basically we have an economy that is slowing but still growing. We will…
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RBNZ Monetary Policy Review due Wednesday – “not expecting a whole lot”
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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The RBNZ rate decision sent the NZDUSD higher into swing area resistance. What next?
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The Reserve Bank of New Zealand kept interest rates unchanged but raised its forecasts for future interest rates. This was more stringent and sent the NZD/USD pair higher. But after reaching the swing zone resistance between 0.6148 and 0.6159, buyers turned to sellers. It was believed that Governor Orr’s comments…
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Asia FX subdued as Fed minutes approach; NZD surges on hawkish RBNZ By Investing.com
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Investing.com — Most Asian currencies remained range-bound on Wednesday as the dollar held steady in anticipation of more signals on U.S. interest rates from the minutes of the Federal Reserve’s latest meeting. The New Zealand dollar was an exception, rising sharply after the Reserve Bank of New Zealand took a…
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RBNZ Delivers a Hawkish Hold with Rate Hike Talks and Higher Inflation Projections
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As expected, the Reserve Bank of New Zealand The Reserve Bank of New Zealand (RBNZ) kept its policy rate at 5.50% for the eighth straight meeting in May. What traders did not expect was for the central bank to share this.”The committee discussed the possibility of increasing OCR at this…