Tag Archives: NZD
The Week Ahead in FX
In the week ahead, Wednesday’s outcome of the Federal Reserve’s monthly meeting will be in focus amid expectations for a reduction to USD65 billion from the current USD75 billion in the bank’s stimulus program.
Curtain raiser: Preview of RBNZ OCR Review
We expect the RBNZ to leave the OCR at 2.5%, and to clearly signal its intention to hike in March.
Performance of Manufacturing Index (PMI) – World Class Average
New Zealand’s manufacturing sector ended the year on a healthy note, and the first time since 2007 that every month recorded expansion in activity,
Measured progress – NZ Employment Confidence Index, Q4 2013
Households’ perceptions of the labour market improved in the December quarter, although the availability of jobs remains well below par. Expectations of future earnings growth have further subsided,
Interest rate rises likely off until March
Interest rate rises should remain on hold till at least March as inflation takes a slight dip in the December quarter, economists say.
The Week Ahead in FX
In the week ahead, investors will be awaiting monetary policy decisions by the Bank of Japan and the BoC. China is to release data on fourth quarter growth as well as a closely watched report on manufacturing activity.
Weekly CFTC Trader Positioning Data
• Shifting investor sentiment away from the European currencies is the key theme this week, as the CHF position has shifted to net short—typically a bearish signal—alongside a continued modera-tion in
The next step – NZ Quarterly Survey of Business Opinion, Q4 2013
Business sentiment has risen sharply over the last year, and with demand picking up, firms’ expansion plans are the strongest in two decades.
The Week Ahead in FX
In the week ahead, investors will be closely watching U.S. data on retail sales, inflation and consumer sentiment, as well as speeches by two Federal Reserve officials on Tuesday. U.K. data on retail sales and inflation will also be in focus.
Weekly CFTC Trader Positioning Data
Investors pared exposure to European currencies heading into key US & ECB events, reducing net long positions in EUR, GBP and CHF. Meanwhile, JPY, CAD and AUD continue to be held net short.
The Week Ahead in FX
In the week ahead, the Fed is to publish the minutes of its December meeting on Wednesday, while the U.S. jobs report for December is scheduled to be released on Friday.
The Week Ahead in FX
In the week ahead trading volumes are expected to remain light, with many markets closed for the New Year’s holiday. Meanwhile, China is to release closely-watched data on manufacturing activity,