{"id":5183,"date":"2009-12-09T12:28:42","date_gmt":"2009-12-09T17:28:42","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=5183"},"modified":"2009-12-09T12:28:42","modified_gmt":"2009-12-09T17:28:42","slug":"the-fx-buzz-nzd-review-dec-08","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/12\/09\/the-fx-buzz-nzd-review-dec-08\/","title":{"rendered":"The FX BUZZ – NZD Review Dec.08"},"content":{"rendered":"

The Buzz:<\/strong> RBNZ to leave rates on hold<\/strong><\/p>\n

<\/strong><\/p>\n

Ahead of the RBNZ rate decision market is expecting rates to be left on hold as the New Zealand economy continues to lag behind its larger neighbor Australia, with exports falling 22.4% since the beginning of 2009.The RBNZ is very well aware of the negative effects the strong NZD has on New Zealand\u2019s exports and has stated the fall in exports will weigh on GDP growth. Hence it is not surprising the consensus bets are that the rate will be left on hold at 2.5%<\/strong>.<\/p>\n

So how should roll the dice?<\/strong><\/p>\n

<\/strong>A positive outlook from the RBNZ-<\/strong> if the RBNZ will provide an optimistic outlook on the Kiwi economy especially regarding to exports this will be interpreted as the Governor feels comfortable enough exports will recover and investors will feel future rate hikes look more reasonable. If this is the case it could provide some support for the NZD. However if the RBNZ will mention once again the pressure high NZD places on New Zealand\u2019s exports this could ignite another round of \u00a0heavy bids for the Kiwi.<\/p>\n

Technical Analysis:<\/strong><\/p>\n

<\/strong> USD\/NZD<\/strong><\/p>\n

\"\"<\/a><\/strong><\/p>\n

Bearish Scenario-<\/span><\/strong> A break of the 0.7<\/strong> key level downwards would ignite a strong bearish momentum targeting the 0.65<\/strong> zone.<\/p>\n

Target-0.66<\/strong><\/p>\n

Bullish scenario-<\/strong> <\/span>A daily close above 0.73<\/strong> would push the pair to retest the 0.75 resistance.<\/p>\n

Target-0.746<\/strong><\/p>\n

Daily Forex Market Analysis provided by eToro<\/span><\/a><\/strong><\/p>\n

Disclaimer: Trading in the Foreign Exchange market might carry potential rewards, but also potential risks. You must be aware of the risks and are willing to accept them in order to trade in the foreign exchange market. Don\u2019t trade with money you can\u2019t afford to lose.<\/p>\n

\u00a9 2009 eToro Blog.<\/a><\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Ahead of the RBNZ rate decision market is expecting rates to be left on hold as the New Zealand economy continues to lag behind its larger neighbor Australia…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-5183","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/5183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=5183"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/5183\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=5183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=5183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=5183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}