New Zealand Dollar forecast - nzd new zealand dollar nz dollar nzd dollar

The European Central Bank monthly report, published earlier this morning, had a broadly neutral effect on the EURO. However, the closely-monitored release sent out a confident message regarding price pressures in the eurozone, stating that inflation in the region remains firmly under control. The statement leaves the door open for a further...

Last night’s Asian session brought considerable volatility for the Anipodean Dollars following key risk events in both Australia and New Zealand and a potentially game-changing announcement from the World Bank regarding the future prospects of the Chinese economy. As expected, the Reserve Bank of New Zealand announced in the early hours...

This morning’s session brought the latest in a string of positive data releases emanating from the UK economy. The Office of National Statistics published figures at 0930hrs BST this morning which revealed that the overall level of UK unemployment had dipped by a total of 5,000 during the three months leading up to the end of April....

The Bank of Japan’s gung-ho attitude towards its monetary policy during the past nine months has had a considerable effect on the relative levels of the Japanese Yen as well as several of the other sixteen most-actively traded global currencies. Last night’s Asian session re-enforced the important role which the Bank of Japan plays in...

Saturday’s Chinese trade data for May has had a markedly different effect on the Antipodean Dollars. Ordinarily, analysts would expect the high-yielding Australian and New Zealand Dollars to behave in a broadly similar fashion to the import/export numbers from the world’s second largest economy. The Chinese figures showed a significantly...

Today is Non-Farm Payrolls Friday and rarely has the closely-watched gauge of the level of job creation in the world’s premier economy been so eagerly anticipated. The reason behind this is primarily the content of the recent rhetoric emanating from the US’s central bank, the Federal Reserve, which noted in the minutes of its most recent...

The POUND STERLING has performed reasonably on the day following the Bank of England’s announcement that, as expected, it was maintaining its current monetary policy stance. This morning’s Halifax House Price survey showed that UK property prices increased by a better than expected 2.6% during the three months to the end of May. The...

Yesterday’s North American session brought wild fluctuations in the value of several of the sixteen most-actively traded currencies, with the high-yielders, in particular, taking a pounding. The shift in market sentiment was driven by the prevailing ‘risk off’ trading environment, which saw global shares give up a significant amount of...

Weak leading indicators from the world’s two premier economies have altered the landscape of the global currency markets during the past 48hrs. Monday’s Asian session brought the release of another disappointing report from China, this time in the form of May’s HSBC Manufacturing sector PMI survey. The gauge of activity levels in the...

Yesterday’s session brought significant price action for more than one of the sixteen most actively traded global currencies. Leading the way as the major market mover of the day was the South African Rand, which was trading down by 3.00% against the Pound Sterling at one point. The sharp move higher to 15.2770 for the GBP ZAR exchange rate...