forex analysis

Daily Forex Market Preview, 28/06/2018 The RBNZ's monetary policy meeting held in the overnight session showed that the central bank left the overnight cash rate unchanged at its meeting as widely expected. The New Zealand dollar was seen falling sharply on the RBNZ’s decision as a result. The day ahead is relatively quiet with the U.S....

2018-06-28 John Benjamin Read more

The markets head into the final week of the third quarter of the year. The economic calendar is relatively light over the course of the week. GDP reports make the major theme as the U.S. and the UK will be reporting on the final revised GDP numbers for the first quarter. Elsewhere, Canada will be releasing its monthly GDP numbers. Data from t...

2018-06-25 John Benjamin Read more
Another RBNZ Quantitative Easing Program

While the New Zealand Dollar has been out of the limelight over recent months given the tide of hawkishness sweeping across central banks elsewhere in the G10 bloc, focus was once again on the antipodean currency yesterday. Speaking during an interview with a domestic broadcaster, RBNZ assistant governor John McDermott caught the market offsi...

2018-05-24 James Harte Read more
RBNZ leaves OCR unchanged

Summary: RBNZ leaves OCR unchanged at 1.75% at the monetary policy meeting in May Interest rates left unchanged for the nineteenth consecutive month RBNZ gives fresh economic forecasts. Downgrades GDP and inflation RBNZ pursues dual mandate of employment and price stability The Reserve Bank of New Zealand held its monetary polic...

2018-05-16 John Benjamin Read more
New Zealand unemployment rate fell to a nine-year low

The first quarter unemployment data was released by Statistics New Zealand last week. According to official data, the New Zealand unemployment rate fell to a nine-year low in the first three months of the year ending March 2018. The positive data added to the view that maybe New Zealand's sluggish labor market was eventually picking up. The u...

2018-05-09 John Benjamin Read more
RBNZ OCR held at 1.75%

The Reserve Bank of New Zealand's monetary policy meeting was largely a non-event as it was partly overshadowed by the Fed's announcement to hike interest rates. The central bank meeting which followed a few hours after the Fed meeting last Wednesday saw the RBNZ OCR held at 1.75% in March. The central bank kept rates steady at 1.75% since Se...

2018-04-10 John Benjamin Read more
RBA, RBNZ, BoE interest rate decisions

The week ahead will see a continuation in the central bank meetings. The lineup includes the Reserve Bank of Australia, the RBNZ and the Bank of England. No changes are expected from either of the central banks at this week's meeting but investors will be watching for the forward guidance from the respective central banks. On the economic fro...

2018-03-20 John Benjamin Read more
RBNZ_Kiwi

The week ahead will see the continuation of the central bank decisions with the focus turning to the RBA and the RBNZ. Both the central banks are expected to remain on the sidelines, however, as no rate hikes are expected this week. Economic data from the US is expected to remain on the back foot following a rather busy trading week. China will...

2017-12-12 John Benjamin Read more
NZD_Inflation_New Zealand

New Zealand Dollar Under Pressure The New Zealand Dollar continues to trade on a weak footing and has now moved to its lowest level since May as a combination of factors continue to exert downward pressure. The domestic economy is still experiencing patchy momentum as late-cycle challenges are appearing; indicators are showing a declining contr...

2017-10-22 James Harte Read more
New Zealand_AUDNZD

Business As Usual For RBNZ At their upcoming September meeting this week, the RBNZ is widely expected to leave policy unchanged. Among the data since the last meeting there have been some positive surprises but most likely not enough to justify a shift in monetary policy as political uncertainty cast a cloud over the outlook. It will take quit...

2017-10-22 James Harte Read more