The NZD rocketed after the Reserve Bank of New Zealand claimed it would end quantitative easing this month. Jump in to know more!
|The Reserve Bank of New Zealand left interest rates unchanged at its August meeting. According to the RBNZ Governor Graeme Wheeler, monetary policy will remain accommodative for a considerable period because of numerous uncertainties. Wheeler also let the market know that the central bank would like to see a lower NZD. In addition, New Zealand’s government has recently cut its economic growth forecasts.|
|If the RBNZ sticks to its dovish rhetoric, the NZD will be under negative pressure. Any improvement in the central bank’s communication because of the new data will give a boost to the New Zealand’s currency.|
|The results of the RBNZ meeting will be announced at 23:00 MT time on September 26. It will be a good time to trade NZD.|
The earnings season starts today! Traders await reports from JPMorgan and Goldman Sachs. Jump in to know more!
Much impactful news will come out! Read the article to get fresh trade ideas for the whole week!
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Hong Kong stock index extended a decline sparked by China’s tech crackdown. Tesla posted better-than-expected results. Jump in!
This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…