Blog Posts - New Zealand Dollar



The Russian Factor.

By all appearances, we are in for an interesting week for financial markets. Of course, at the top of the economic calendar for the period is the regular policy meeting of the FED, the first one chaired by Janet Yellen. While nobody expects immediate...
by FX Madness on Mar 16, 2014

Canadian Inflation in Focus.

The week comes to an end light on economic news, at least from the USA and Europe. However, currencies, or some of them, should show some volatility. The Canadian Dollar, for example, could be in play, as domestic inflation is probably the single mos...
by FX Madness on Feb 20, 2014

Key Week for the Yen.

During previous couple of months, I had several trades in the GBP-JPY, all of them on the short side. Since then, all of the yen pairs rebounded substantially, although still staying within longer-term consolidation visible on daily charts. It remain...
by FX Madness on Feb 16, 2014

More than One Central Bank Meets Today.

Wednesday should be a very interesting day for currencies. Obviously, everybody will be watching the FED and how markets respond to its announcement. No doubt, this is the event of the day. However, another central bank also holds its policy meeting...
by FX Madness on Jan 28, 2014

Will FED Take more Action?

The most important event on the economic calendar in coming days is the policy meeting of American central bank. On Wednesday, Ben Bernanke will chair its last meeting of the FED and most analysts expect the bank to continue tapering of its purchase...
by FX Madness on Jan 26, 2014

Interest Rates in New Zealand.

The Reserve Bank of New Zealand held its policy meeting early on Thursday, getting plenty of attention from market participants. There were no surprises; the central bank left its benchmark at record low of 2.5%. Markets, though, turned bullish on th...
by FX Madness on Dec 11, 2013

AUD-NZD on Watch for Rebound.

Another currency pair showing a long and impressive trend is the AUD-NZD. The commodity currencies are not moving in accord, and Aussie has been falling versus the Kiwi for over two years now. During this time, the exchange rate dropped by over 2600...
by FX Madness on Dec 5, 2013

AUD-USD Stays above 0.95.

The big event in early Tuesday trading was the policy meeting of the Reserve Bank of Australia. There were no high expectations, most analysts predicted “no action”, fitting after the interest rate cut last month. Indeed, the RBA left rates uncha...
by FX Madness on Jun 4, 2013

Saber Rattling from RBNZ not Convincing.

The Reserve Bank of New Zealand is has officially joined the fray of currency war. Unhappy with lofty levels of the NZD, as they see it, the central bank threatened with another intervention, aiming to send the Kiwi lower. Such action, if indeed impl...
by FX Madness on May 30, 2013

No Action from Bank of Canada.

The Bank of Canada had its regularly scheduled policy meeting today. There were no surprises from the central bank, which left interest rate unchanged at 1.00%, just as analysts expected. However, the BoC indicated faster than predicted economic grow...
by FX Madness on May 29, 2013

Quiet Holiday Trading.

With financial markets in the USA closed today, currency trading has been quiet to open the week. Very little has happened, largely in continuation of Friday’s tendencies. There was no reaction to news, as if traders decided simply ignore whatever...
by FX Madness on May 27, 2013

JGB Yield Spike not Affecting the Yen (yet).

There are several important market developments grabbing headlines: the bull market in US stock, decline of precious metals and sharp fall in the Yen. All of them are big, but from the perspective of this blog, what happens in currencies is of primar...
by FX Madness on May 19, 2013

Quick Review of Early Trade.

Monday was relatively quiet for currencies, with most of the actively trading pairs moving if fairly tight ranges. The opening itself failed to deliver volatility, even after few gaps showed up. They were small, about 20 pips or so, and prices did no...
by FX Madness on May 13, 2013

For Governments it is Back to Business as Usual.

Another G7 meeting came and went, bringing nothing new to the subject of competitive devaluation of currencies. Central bank governors and finance ministers of participating countries restated their commitment to free-floating currency rates. That wa...
by FX Madness on May 12, 2013

Another Volatile Day.

Just like few days ago, the AUD once again responded to fundamental news with increased volatility. That in itself was not a surprise, since the employment data from Down under almost always creates an uptick in activity. The numbers, however, were s...
by FX Madness on May 9, 2013

Will Downside Bias in AUD Continue?

Economic announcements this week are very influential on the Australian Dollar. On Tuesday, the Aussie sank to as low as 1.0154, following an interest rate cut by the Reserve Bank of Australia. While not entirely surprising, this decision was against...
by FX Madness on May 8, 2013

Volatility Returns to Forex.

After couple of relatively quiet weeks, currencies started Monday with explosive moves. The Euro plummeted across the board, with huge gaps at the open. In case of the EUR-USD, it was about 170 pips, while the EUR-JPY slipped almost 300 pips, the lar...
by FX Madness on Mar 18, 2013

Commodity Dollars and the Yen.

The commodity currencies made some interesting news recently. A little later this year, the IMF will expand its list of foreign exchange reserves with the Australian Dollar and the Canadian Dollar. Chances are that by the end of 2013 the New Zealand...
by FX Madness on Mar 10, 2013

Currencies Respond to G7 Meeting.

Interesting development in Washington today and for once it was not on the account of the congress or the president. It came after the G7 meeting. The Yen became considerably stronger, pulling all its crosses lower, 100+ pips in a matter of minutes.
by FX Madness on Feb 12, 2013

RBA Expected to Leave Rate Unchanged.

This is a busy week when it comes to central banks, with several policy meetings on the calendar. On Tuesday, it is the RBA’s turn to decide interest rate and as always, the Australian Dollar should be volatile. Most analysts expect the bank to tak...
by FX Madness on Feb 4, 2013


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