Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
RBNZ policy decision in the spotlight early tomorrow
Now I am sure most of you might be fast asleep when the Reserve Bank of New Zealand (RBNZ) reveal the outcome of their latest monetary policy decision. That is because this is due to be announced at 1am GMT tomorrow. The markets are not expecting any change early tomorrow morning, with the consensus expecting the OCR to remain at 5.5%. If that is the case, it will maintain the RBNZ OCR as the highest amongst the G10 currency block. Some researchers are suggesting open interest amongst spec traders is now long of NZD coming into this decision. That might explain why it has been dropping back from above 0.6200 in recent days. There is no bias here on what might be the outcome of this meeting, but do not be surprised, if you wake up to a NZD/USD that is different from where it is priced right now, currently at 0.6167
Market News
All News-
Nasdaq 100 extends opening gains closer to the first technical correction level (corrected)
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here; it is at 20,325 and represents a 38.2%... -
Nasdaq 100 extends opening gains closer to the first technical correction level
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here that, it is at 20,325 and represents a... -
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier...
