http://www.fxtimes.com Get your daily dose of Forex news from the expert analysts at FXTimes. Visitors will have access to the Forex Capsule, our interactive economic calendar, our video recaps, and up-to-date fundamental news releases and technical analysis commentaries. Wed, 08 Feb 2012 12:40:31 +0000 en hourly 1 http://wordpress.org/?v=3.1 http://www.fxtimes.com/fundamental-updates/preview-nz-cpi-impact-on-rbnz-audnzd-downtrend/ http://www.fxtimes.com/fundamental-updates/preview-nz-cpi-impact-on-rbnz-audnzd-downtrend/#comments Wed, 18 Jan 2012 17:30:13 +0000 Nick Nasad http://www.fxtimes.com/?p=64473 http://www.fxtimes.com/fundamental-updates/preview-nz-cpi-impact-on-rbnz-audnzd-downtrend/feed/ 0 Today we have data from New Zealand which should be important for the central bank – that is the consumer price index for the 4Q. The expectation for consumer prices is for a gain of 0.4% q/q which would match the reading we had in the 3Q. But it is more instructive to look at the annual rate as that is expected to cool considerably. We examine the implications for the AUD/NZD. http://www.fxtimes.com/fundamental-updates/preview-new-zealand-gdp-implication-for-audnzd/ http://www.fxtimes.com/fundamental-updates/preview-new-zealand-gdp-implication-for-audnzd/#comments Wed, 21 Dec 2011 00:48:28 +0000 Nick Nasad http://www.fxtimes.com/?p=62638 http://www.fxtimes.com/fundamental-updates/preview-new-zealand-gdp-implication-for-audnzd/feed/ 1 New Zealand releases its 3Q GDP data in Wednesday (12/21) session and the report could act to lift the New Zealand dollar as the expectations is for a nice bounce back to growth from a poor 2Q. The consensus forecast is for a 0.6% rise, compared to the tepid 0.1% seen in the 2Q thanks to extra consumption from the Rugby World Cup. We highlight the 3 key scenarios for the report and also examine the AUD/NZD which may be ready to switch trend in the daily time-frame. http://www.fxtimes.com/commentaries/5-themes-of-the-week-europe-us-spending-housing-nz-gdp-canadas-cpi/ http://www.fxtimes.com/commentaries/5-themes-of-the-week-europe-us-spending-housing-nz-gdp-canadas-cpi/#comments Mon, 19 Dec 2011 04:19:52 +0000 Nick Nasad http://www.fxtimes.com/?p=62400 http://www.fxtimes.com/commentaries/5-themes-of-the-week-europe-us-spending-housing-nz-gdp-canadas-cpi/feed/ 1 We preview the 5 key themes for this week. 1) The continuing concern about Euro-zone downgrades and the pressure on the Euro. 2) US spending and durable goods data. 3) US housing releases. 4) Key data from New Zealand including GDP and current account. 5) Canada's reports on inflation, sales, and GDP. http://www.fxtimes.com/fundamental-updates/rbnz-moves-away-from-tightening-bias-no-rate-hikes-in-1h-2012/ http://www.fxtimes.com/fundamental-updates/rbnz-moves-away-from-tightening-bias-no-rate-hikes-in-1h-2012/#comments Wed, 07 Dec 2011 21:00:54 +0000 Nick Nasad http://www.fxtimes.com/?p=61478 http://www.fxtimes.com/fundamental-updates/rbnz-moves-away-from-tightening-bias-no-rate-hikes-in-1h-2012/feed/ 0 The RBNZ rate decision showed the central bank a bit more dovish as it dropped its language referring to rate hikes we saw in its previous statement. With inflation falling back into the bank's target band and economic conditions globally pressuring the domestic economy, the RBNZ may have scrapped the idea of raising rates in the first half of 2012. http://www.fxtimes.com/fundamental-updates/the-uk-fundamental-picture-supports-a-weaker-gbp-vs-aud-nzd/ http://www.fxtimes.com/fundamental-updates/the-uk-fundamental-picture-supports-a-weaker-gbp-vs-aud-nzd/#comments Thu, 27 Oct 2011 18:37:26 +0000 Nick Nasad http://www.fxtimes.com/?p=56598 http://www.fxtimes.com/fundamental-updates/the-uk-fundamental-picture-supports-a-weaker-gbp-vs-aud-nzd/feed/ 1 While the GBP/USD has gained in today session as a result of higher risk appetite and therefore broad dollar weakness, if we look at some other pound crosses including the GBP/AUD, EUR/GBP, GBP/NZD, GBP/CAD, and the GBP/CHF we see the pound on the back and of today's sharp moves. Until the macro data improves in the UK we should continue to look for pound weakness against other higher-yielding currencies, even as the GBP/USD may maintain some upward momentum. http://www.fxtimes.com/fundamental-updates/preview-rbnz-interest-rate-decision/ http://www.fxtimes.com/fundamental-updates/preview-rbnz-interest-rate-decision/#comments Wed, 26 Oct 2011 18:27:16 +0000 Nick Nasad http://www.fxtimes.com/?p=56385 http://www.fxtimes.com/fundamental-updates/preview-rbnz-interest-rate-decision/feed/ 0 The Reserve Bank of New Zealand's interest-rate decision today has been predetermined by the CPI data for the 3Q we saw earlier in the week. We should expect a rather bland, and not necessarily market moving statement from the central bank. Any surprises in the language from the RBNZ pointing to the possibility of an interest rate increase in the next few months would give the NZD strength. http://www.fxtimes.com/fundamental-updates/sp-cuts-new-zealand-credit-rating-bad-fundamental-factor-for-nzd/ http://www.fxtimes.com/fundamental-updates/sp-cuts-new-zealand-credit-rating-bad-fundamental-factor-for-nzd/#comments Fri, 30 Sep 2011 04:15:35 +0000 Nick Nasad http://www.fxtimes.com/?p=53226 http://www.fxtimes.com/fundamental-updates/sp-cuts-new-zealand-credit-rating-bad-fundamental-factor-for-nzd/feed/ 0 Not a good day for New Zealand as its joined the ranks of Italy and the US in losing its AAA credit rating from S&P, following a downgrade by Fitch earlier. S&P cut their long-term foreign currency ratings to AA from AA+ and the local currency rating to AA+ from AAA, with stable outlooks. This rating downgrade likely means the NZ government will have to pay a higher borrowing cost as yields will climb on this announcement. If this credit rating cut also means the RBNZ will keep interest rates lower for longer, its overall a NZD negative. http://www.fxtimes.com/fundamental-updates/nzdusd-moves-above-0-79-confidence-and-permits-data-thursday-to-shape-bias/ http://www.fxtimes.com/fundamental-updates/nzdusd-moves-above-0-79-confidence-and-permits-data-thursday-to-shape-bias/#comments Tue, 27 Sep 2011 14:20:11 +0000 Nick Nasad http://www.fxtimes.com/?p=52813 http://www.fxtimes.com/fundamental-updates/nzdusd-moves-above-0-79-confidence-and-permits-data-thursday-to-shape-bias/feed/ 0 Following the sharp declines in commodities and risk sentiment last week, we are seeing the NZD/USD entering a period of consolidation, in a counter-trend risk rally. While we have to keep our eye squarely on the developments from Europe, which are driving the general market, we do have a couple of key reports towards the end of the week - building permits and business confidence - that give us insight into the NZ economy and the expectation for interest rates. http://www.fxtimes.com/fundamental-updates/eur-weaker-on-finland-eu-finance-minsters-meet-osborne-calls-for-clear-signal-from-europeans/ http://www.fxtimes.com/fundamental-updates/eur-weaker-on-finland-eu-finance-minsters-meet-osborne-calls-for-clear-signal-from-europeans/#comments Fri, 16 Sep 2011 11:45:47 +0000 Nick Nasad http://www.fxtimes.com/?p=51720 http://www.fxtimes.com/fundamental-updates/eur-weaker-on-finland-eu-finance-minsters-meet-osborne-calls-for-clear-signal-from-europeans/feed/ 0 The euro was softer overnight as the EU leaders continue to have disagreements on the Finland collateral issue, though we did have also economic finance ministers in the euro zone's meeting in Poland with U.S. Treasury Secretary in attendance. In the pound, following a dip on central bank Bean's comments, we saw the Pound rebound. George Osborne called for a clear signal from the EU politicians, and issued a warning to his countrymen that the euro zone problems can have a strong impact on the UK economy. The Australian dollar New Zealand dollar were higher against the dollar overnight as global equities held onto the positive gains we've had this week. http://www.fxtimes.com/fundamental-updates/nz-inflation-expectations-cool-rbnz-likely-to-wait-till-dec-to-hike-rates/ http://www.fxtimes.com/fundamental-updates/nz-inflation-expectations-cool-rbnz-likely-to-wait-till-dec-to-hike-rates/#comments Tue, 23 Aug 2011 05:15:41 +0000 Nick Nasad http://www.fxtimes.com/?p=49172 http://www.fxtimes.com/fundamental-updates/nz-inflation-expectations-cool-rbnz-likely-to-wait-till-dec-to-hike-rates/feed/ 0 Inflation expectations easing slightly should be comfort for the RBNZ. The RBNZ woul dlike to see inflation expectations moderate over the coming year, and this was a step in that direction. While the RBNZ remains vigilant about sign of inflation building up in the economy, right now the concern is on the global economy and the recent downside risks that have come about, especially in August.