FOMC Meeting (August 5th): Market expects the FOMC to maintain its 2% Federal funds rate target this week for a second consecutive meeting. The economy continues its below-trend line expansion, hampered by the housing contraction, financial market strains and tight credit conditions, weak labor markets and high input costs. In describing the downside risks to [...]
Entries Tagged as 'Economy'
Major US Economic Indicators - August 2008
August 3rd, 2008 · No Comments
Tags: FED · Forex News
Margin traders are preventing a disorderly NZD sell-off
August 2nd, 2008 · No Comments
The extent of NZD’s downside since the RBNZ cut rates last week has been surprisingly shallow. The most recent data from the TFX gives an insight into why. Japanese margin traders have been very good buyers on the recent NZD sell-off. Even as NZD/USD sold off from around 0.7725 to 0.7310, net NZDJPY longs on [...]
Tags: Australia and New Zealand
New Zealand: Business confidence lower in July
July 31st, 2008 · No Comments
The latest reading on business confidence in New Zealand showed that business confidence fell further in the red in July, moving to -43 points. Own activity expectations have now been negative for five consecutive months, the first time this has occurred in twenty years. Critical sub-components such as employment intentions, profits and investment were lower [...]