Forex Forecast

Strategist

We and the market were surprised by the RBNZ unceremoniously dumping

Global oil prices have plunged to a five-year low.

RBA to cut the interest rate in Q1 15

The NZD popped more than 100pts higher after the RBNZ MPS,

AUD/USD profile lowered across the forecast horizon.

Recent monthly economic indicators and business surveys show continued moderate global economic growth

Near term momentum is negative and we expect a test of 0.7660 major support.

US non-farm payrolls were stronger than expected on Friday night.

At the present time, the Australian economy appears to have strengthened a little.

We might have to revise down our GDP growth forecasts for calendar 2014, even 2015 (because of the new historical base presented),

Australia does an unusually large amount of Capital Expenditure for a rich and developed country – a land of opportunity!

We forecast that EUR/$ will fall to 1.15 over the next 12 months