AceTraderForex Sept 11:Intra-Day Market Moving New,Views & data to be released today

[B]Intra-Day Market Moving New and Views NZD/USD

11 Sep 2014

NZD/USD[/B] - ...... News from New Zealand on interest rate decision: RBNZ holds offical cash rate unchanged at 3.5% in Sept.

Statement from RBNZ on interest rate, quote-
'prudent to have a period of assessment on rates;
90 day bank bill avg 3.8 pct dec (pvs 4.0 pct);
3.9 pct March '15 (pvs 4.3 pct);
some further tightening will be necessary;
90 day bill 4.0 pct Jun '15 (pvs 4.5 pct);
4.3 pct Dec '15 (pvs 4.7 pct);
4.5 pct Jun’16 (pvs 5 pct);
sees annual cpi 1.3 pct end 2014 (pvs 1.5 pct);
1.6 pct at end 2015 (pvs 1.9 pct);
economy adjusting to policy measures;
sees GDP yr to March ‘15 3.2pct (pvs 2.7 pct);
2.6 pct yr to March’16 (pvs 2.4 pct);
house price inflation easing;
strong NZ dollar will remain significant headwind;
CPI inflation remains moderate;
paying close attention to how nz dollar responds to lower export prices;
NZ$ remains unjustifiable and unsustainable;
pick up in inflation to be gradual, capacity pressures subdued;
expects further significant fall in NZ$;
economic growth seen moderating to more sustainable pace in coming years;
export commodity prices to recover, terms of trade to stay historically high;
inflation, housing risks around strong immigration;
net immigration to peak at end 2014 impact on housing seen subdued;
tradeables inflation to pick up in mid term, reflecting weaker NZ dollar;
expects economic growth to moderate in response to falling commodity prices and higher rates.’

[B]Thursday [/B]will see the release of Reserve Bank of New Zealand interest rate decision, Australia’s employment, full time employment and unemployment rate, China’s CPI and PPI, Germany’s CPI and HICP, Canada’s new housing price index and U.S. Federal budget.

[B]Intra-Day Market Moving New and Views

07 Oct 2014[/B]


NZ Finance mininster Bill English said reaching 2014/15 surplus will be a challenge

  • ‘won’t speculate’ on whether will reach surplus
  • govt to focus on controlling spending
  • exchange rate still a headwind for economy, exporters
  • tax revenue may be less than forecast this year
  • economic outlook positive compared with other developed economies
  • growth expected at more normal levels, reflecting lower dairy prices, global outlook
  • half-yr economic fiscal update to be on Dec. 16

[B]Tuesday [/B]will see the release of New Zealand business confidence, Japan BoJ rate decision, leading indicators, Australia RBA rate decision, Germany industrial output, Swiss CPI, retail sales, UK industrial output, manufacturing output, Canada building permits and U.S. redbook retail sales.

[B]Intra-Day Market Moving News and Views

12 Nov 2014

NZD/USD[/B] - ...... Statement from RBNZ, quote:

not appropriate to ease LVR lending limits;
risk of house inflation pick-up from strong immigration;
NZ dlr above sustainable, justified level;
NZ dlr may fall further on tighter u.s. policy, China slowdown;
dairy payout fall may see more loan defaults;
further rises in short-term rates may be needed in future years;
says risk of sharp china slowdown will hurt NZ, AU economies.
will likely ease LVR limits, rather than removing them;
LVR limits still meant to be temporary, not permanent;
NZ dlr still unjustified, unsustainable;
exchange rate still has ‘further to go’;
extent of further NZ dlr fall may depend on U.S. dlr.
pleased that NZ dlr has come down 12 pct vs U.S. dlr;
neutral rates still seen around 4.5 pct;
interest rates still at a low level, still expansionary.

[B]Wednesday[/B] will sell the release of Australia Wage price index, UK average earnings, claimant count, ILO unemployment, BoE inflation report, EU industrial production, U.S. redbook retail sales, wholesale inventories and wholesale sales.

[B]Intra-Day Market Moving News and Views
04 Feb 2015[/B] [I]00:46GMT[/I]

[B]NZD/USD [/B]- ...... Breaking news from Reuters, Reserve Bank of NZ governor says non-tradable inflation rate, Auckland housing market shaping rate thinking. 

Comments from reserve bank of NZ governor quote as below:
RBNZ governor says trade weighted nz dollar level unjustified, unsustainable despite recent easing; significant further fall expected;
period of cash rate stability most prudent option;
inflation seen below target band, negative for a while, before rising more gradually to around 2 pct;
inflation outlook suggests rates on hold for some time;
would need confidence spare capacity, labour market generating substantial inflation lift before any rate rise;
rate cut might be appropriate if sufficient capacity to cope with extra demand;
deteriorating domestic demand from drought or worse external outlook may warrant rate cut;
nz economic prospects good, growth drivers sustainable;
main risks are china economy outlook; house, dairy, oil prices; nz dlr;
house price inflation appears rising in auckland;
monitoring impact on financial stability, wider economy;

[B]Wednesday[/B] will see the release of New Zealand’s HLFS Job Growth, HLFS Unemployment rate, Labour Cost Index, China HSBC Service PMI, Italy’s Markit/ADACI Service PMI, France’s Markit Service PMI, Germany Markit Service PMI, euro zone’s Markit Service PMI, Retail Sales, U.K.'s BRC shop price index, Markit/CIPS Service PMI, U.S. ADP National Employment, Markit Service PMI, ISM non-Manufacturing PMI, Canada Ivey PMI.

[B]Intra-day Market Moving News and Views
30 Oct 2015[/B] [I]01:03GMT[/I]

 [B]NZD/USD [/B]- 0.6731.. Kiwi staged a short-covering strong rebound from 0.6691 (AUS) to 0.6739 following release of upbeat data. Reuters reported New Zealand business sentiment rebounded in October thanks in part to a recent lift in dairy prices, a survey by ANZ Bank showed on Friday. 

According to the report, a net 10.5 percent of firms are optimistic about the general economy, a huge turnaround from the net 18.9 percent pessimistic last month.

A net 23.7 percent of respondents expected their own businesses to grow in the next 12 months, up from 16.7 percent last month. Inflation expectations were little changed at 1.70 percent.

“It’s hard to go past rebounding dairy prices as a key catalyst. However, the story is broader than dairy,” ANZ said.
“The economy has an array of sectors that are doing well. Tourism inflows are buoyant. Housing strength has broadened beyond Auckland. Sentiment across the service sector is tops for confidence, activity, profits, employment and investment.”

International milk prices have jumped around 60 percent from 12-1/2 year lows in recent auctions.

[B]Data to be released on Friday: [/B]

New Zealand RBNZ rate decision, Japan industrial output, industrial production, Australia exports and imports, UK Nationwide house price, Germany unemployment reports, CPI and HICP, euro zone business climate, consumer inflation expectation, economic sentiment, industrial sentiment, U.S. jobless claims, and pending home sales.

good information

Intra-Day Market Moving News and Views (NZD/USD) (USD/JPY)
14 Mar 2016

[B]NZD/USD[/B] - 0.6738.. Kiwi briefly fell to 0.6717/18 earlier today after statements by New Zealand cenbank. New Zealand's central bank reported on Monday that the inflation expectations are a key issue for monetary policy. 

RBNZ Assistant Governor John McDermott noted Monday that the inflation expectations have fallen significantly recently across a range of measures, and this is a concern for the Bank, and this will contribute to the need for low interest rate settings.

Late last week the central bank surprised markets with a 25 basis point rate cut to 2.25 percent and signaled more to come.
McDermott said there has been a “material decline” in inflation expectations and they risk becoming embedded in future wage and price decisions. He said that if the recent material decline in a broad range of inflation expectations measures continues, the Bank would need to reconsider the outlook for interest rates.

Elsewhere in Japan Reuters reported this morning that Japan’s core machinery orders rose a more-than-expected 15.0 percent in January from the previous month, Cabinet Office data showed on Monday, in a sign that rising business investment could support economic growth.
This rise in core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, was much stronger than economists’ median estimate for a 3.0 percent increase.
And compared with a year earlier, core orders, which exclude those of ships and electricity, rose 8.4 percent in January, versus a 3.6 percent decline seen by analysts.

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