New Zealand Dollar forecast page 3 - nzd new zealand dollar nz dollar nzd dollar

Yesterday’s session brought dramatic movement in the currency markets, as institutional investors shifted out of risk-laden assets in response to a heady mix of weak Chinese data and potentially toxic geo-political situations. The start of the week was always bound to be fraught, given that the 15th March marks the birth date of North...

The POUND STERLING has registered healthy gains against the high-yielders on the day, but has struggled to hold its own against the US Dollar and the euro. A lack of UK data releases meant that investors’ thoughts rested on the structural problems facing the British economy on the day. The Pound is expected to trade on a NEUTRAL TO NEGATIVE...

News from the eurozone during the weekend market shutdown has ensured that the euro starts the week firmly on the back foot. All was quiet on the European sovereign debt crisis front until the recent Italian elections brought an indecisive result, leasing institutional investors to fear that the Mediterranean state was set to ditch its...

Today’s session has once again seen global share markets register healthy gains, with London’s benchmark FTSE 100 trading up by almost 1% with two hours of the day’s equities session remaining. Frankfurt’s Dax has registered gains of an even greater magnitude so far today. The improvement in global risk sentiment has taken place...

This morning brought a mixed bag of UK data releases. February’s Industrial Production data was ‘less bad’ than had been anticipated, showing at -2.2% versus analysts’ expectations of a -2.8% print, while British Manufacturing Production figures for February came in bang on expectations at -1.4%. On a busy morning for those with...

The EURO has strengthened against the Pound on the day, sending the GBP EUR exchange rate down to its current level of 1.1763. The single currency has registered gains in spite of the news that the Portuguese Constitutional Court has deemed spending cuts enforced by the nation’s policymakers ‘unconstitutional’. The possibility of a...

Last week’s session ended on a positive note for the Pound when leading credit rating agency Standard & Poor’s announced that it is maintaining the UK’s AAA credit rating – for the time-being at least. Fears had been rife amongst investors holding Sterling-denominated assets that Moody’s announcement last month that it was...

With the extraordinary situations in Cyprus and Italy having cooled in recent sessions, appetite for risk has returned to the market in a major way over the past 24 hours. Yesterday evening’s market close in the US saw both the broad-ranging S&P 500 and the narrower large cap Dow Jones both close at new record levels in the US. The...

This morning’s report from the British Chamber of Commerce, which predicted that the UK economy has avoided slipping in to an unprecedented triple dip recession, has failed to stop the POUND STERLING losing ground against the majority of the other sixteen most-actively traded currencies so far today. Weaker than expected UK Mortgage...

Yesterday was a public holiday across the majority of the Western world, meaning that there was limited trading in the foreign currency markets. However, it was a normal session for Asian market participants, meaning that there was price movement for many of the world’s major currency pairs. The Pound fared reasonably well against the...