Month: October 2022

New Zealand Dollar rises broadly in quiet markets today, after RBNZ delivered the 50bps rate hike as widely expected, clearing the doubt that it will follow RBA and opt for a smaller hike. Dollar remains Read more…

AUD/NZD spikes lower after RBNZ’s 50bps rate hike. The development also came with the background that RBA disappointed the markets with a 25bps hike yesterday. Technically, a short term top was in place at 1.1489 Read more…

RBNZ raises Official Cash Rate by 50bps 3.50% as widely expected. In the summary of record it’s noted that the Committee considered whether to hike by 50bps or 75bps, but decided that 50bps was appropriate Read more…

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 3.5% from 3.0%. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability and contribute Read more…

The RBNZ delivered another 50 basis point OCR hike to 3.5%, and hinted that the urgency to deal with inflation pressures has increased. RBNZ Monetary Policy Review, October 2022 The Reserve Bank increased the Official Read more…

The RBNZ hiked for an eight consecutive meeting to take interest rates to 3.5%. Highlights from the meeting record: Inflation is currently too high and employment is beyond its maximum sustainable level. …a lower New Read more…

I know.  I shouldn’t even be thinking it.  The possibility of getting a low NFP print, much less a negative print, is unfathomable.  But the markets seem to be pricing in the possibility that If Read more…

Key Highlights AUD/USD started an upside correction above the 0.6450 level. It broke a key bearish trend line at 0.6480 on the 4-hours chart. Gold price gained bullish momentum and climbed above the $1,710 resistance. Read more…