Tag: new zealand

New Zealand June quarter CPI expected to disappoint

New Zealand June quarter CPI expected to disappoint

Trading Articles
The consumer price index data for the period ending June for New Zealand is expected to released this week. The economists polled are forecasting a 0.2% increase on a quarterly basis. This would signal a sharp slowdown in inflation from the 1% gain in prices registered in the March quarter. The gains in March were led by a spike in food and fuel prices. The RBNZ's forecast for inflation stands at 0.3% for the June quarter, slightly above the consensus estimates. It is no secret that New Zealand's consumer price index is often influenced by temporary factors. On a year over year basis, New Zealand's consumer prices are expected to rise 1.9%, slowing from 2.2% year over year increased in March 2017. Weaker CPI expected due to lower food prices Food prices, which played an importan...
EURZND – Silently slipping away

EURZND – Silently slipping away

Technical Analysis
As the Euro kept creeping up higher against the greenback and the bullish trend of the British Sterling supported by what seems to be a text economic recovery, most trading circles obviously kept their focus on the majors such as the EURUSD, GBPUSD and not to forget some of the Yen crosses. While the British Pound might have found favour with the traders and thus becoming a currency to trade, the EURNZD has been virtually ignored despite some major market moving fundamental developments. Unless you've been living under a rock, the RBNZ in March hiked the interest rates by 25bps to 2.75% making it the first in the group of developed economies to hike interest rates. In a world of currency wars and record low interest rates, the RBNZ rate hike is something that definitely deserves a secon...