Forex Investment and Currency Trading

A number of short term drivers that have increased the NZD bearishness. Last week’s GDP data confirmed that the economy shrank in Q1. And this was not a one off. There was widespread weakness across the primary and manufacturing sectors and parts of the services sector, as the initial effects of the drought, the housing [...]

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Despite AUD/USD hitting post float highs in May, the RBA’s net selling of A$ on market was no more than average, and is actually lower than average.
The RBA sold a net A$336mn in May (from selling A$305mn in April).
One of the reasons for the bullish view on AUD is that market suspects the RBA could [...]

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The NZ economy grew by an estimated 3% in the fiscal year ended March quarter 2008 (actual data reported June 27) but finished the fiscal year with a limp.
While the RBNZ left its key OCR at 8.25% in June, the accompanying decision and monetary policy statement (MPS) was much more dovish. As in the recent [...]

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