Archived IMT (2008.09.10)
RBNZ INTEREST RATE ANNOUNCEMENT due at 5 pm EST (9 pm GMT). A 25-bp rate cut to 7.75% is widely expected. Today's 34% decline in New Zealand home sales to a 26-year low in might add to rumblings about a possible 50-bp rate cut but the recent currency damage will likely prevent RBNZ from going with 50-bps.
NZDUSD is expected to resume declines towards the 0.66 figure after 3 days of consolidation around 0.67. Forex traders ay push AUDNZD higher to towards 1.22 and onto the 1.23 resistance. NZDJPY is apt to prolong selling into 70 and 69.20.
Gold Breaks 1800, USD Vulnerable to China
by Adam Button | Jul 8, 2020 16:23
Gold 1796, Aussie's Virus Return
by Adam Button | Jul 7, 2020 13:43
by Adam Button | Jul 6, 2020 17:31
Jobs Jump Fades
by Adam Button | Jul 3, 2020 11:19
Looking Through Jobs Data Confusion
by Ashraf Laidi | Jul 2, 2020 13:05