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Monthly archive June, 2016

NZD Into Next Week’s RBNZ – Nomura

The Reserve Bank of New Zealand (RBNZ) holds its next policy meeting on 9 June. At the 27 April meeting, the RBNZ kept its policy rate unchanged at 2.25% and signalled that further rates cuts were likely, saying “further policy Read More →

NZDUSD – Can New Zealand Dollar Continue Gaining?

Key Points

  • The New Zealand Dollar traded higher vs the US Dollar, and it looks set for Read More →

Week Ahead: Staying Bullish USD Vs Commodity FX Into Yellen, RBA, RBNZ

May nonfarm payrolls rose by a paltry 38K. The gain followed a downwardly revised 123K increase in April (originally reported +160K). The May unemployment rate dipped to 4.7% from 5.0%. May average hourly earnings rose 0.2%, and stood 2.5% above Read More →

Daily Report on June 03, 2016

In the Asian trading session on Friday, oil prices were stable around the threshold of $50 per barrel, despite OPEC’s failure to agree on output targets. At the meeting on June 02, while Iran persisted with its stance of an Read More →

EURGBP – Can Euro Break Higher Vs Pound?

Key Points

  • The Euro after trading towards the 0.7775 level vs the British Pound found sellers and Read More →