Opinion polls cast a shadow on the GBP
YouGov, the key organization tracking the UK public opinion has released its final report ahead of the vote that will take place on Thursday, December 12.
The RBNZ can make the kiwi weak
The Reserve bank of New Zealand will make its statement and announce an official rate on August 7, at 5:00 MT time. After that, the RBNZ governor Adrian Orr will conduct a press conference at 6:00 MT.
Markets forecast the rate cut by 25 basis points from 1.5% to 1.25%. This move will be similar to May’s one, where the bank cut its interest rate by a similar amount of points. The reasons behind the anticipated decision are the ongoing trade tensions between the US and China and the slowdown of New Zealand’s economy. In addition, the comments by Mr. Orr will be in focus, as he will share his further expectations concerning rates.
• If the RBNZ cuts its rate, the New Zealand dollar will fall;
• If the RBNZ does not cut its rate, the New Zealand dollar will rise.
Similar
Currency market on December 9
The main attention of traders is paid to the news concerning the US-China developments ahead of the US tariffs deadline scheduled on December 15.
Currency market on December 6: the NFP Friday
Black Friday for the currency market: the Non-Farm Payrolls are out!
Latest news
Important events this week will bring us
This week is expected to be quiet, however so,e of the events still may have an effect on the Forex market.
Victorious Boris Johnson
Boris Johnson have won the UK Parliament elections. What does that mean for the Forex market? The article takes the first look at the answers.
Trump boosts the market optimism
There is positive news concerning the US-China trade deal. We've prepared an overview of the current state of the situation.
Deposit with your local payment systems
