empty
09.11.2017 01:15 PM
Global macro overview for 09/11/2017

The decision to leave the interest rates unchanged was largely expected. The bank also lifted its inflation forecasts to factor in the impact of new government policies and a weaker currency. At the press conference, Acting Reserve Bank Governor Grant Spencer said proposed Government changes would have little effect on the Bank's thinking in current economic conditions. Nevertheless, in he brought forward a potential rate hike to June 2019 from September that year. He added: " "Moving to a dual mandate is unlikely to have an impact on the way we run monetary policy. Currently, inflation was the Bank's primary objective but was not the sole objective". Moreover, Spencer reiterated the mantra the market participants know from the previous meetings already: "monetary policy will remain accommodative for a considerable period. Numerous uncertainties remain and policy may need to adjust accordingly". At the end of the meeting, Spencer added, that RBNZ incorporated preliminary estimates of the impact of new government policies in four areas: new government spending; the KiwiBuild programme; tighter visa requirements; and increases in the minimum wage, but the outlook and the impact of this policies remain uncertain.

In conclusion, a dovish tone of the Spencer remarks and the already known RBNZ wait-and-see approach did not bring anything new to the more tightening monetary policy discussion. The New Zealand Dollar has fallen around 2.3% on a trade-weighted index basis since the new government was formed and is around 6.0% below where the bank forecast it would be in the September quarter.

Let's now take a look at the NZD/USD technical picture at the H4 time frame after the news was released. The market is at the key level now as it tests the technical resistance at the level of 0.6970 and the golden trend line resistance. Nevertheless, the key level to the upside is still the gray zone between the levels of 0.7057 - 0.7089. Only a sustained breakout through this zone would change the outlook to more bullish in the short-term.

This image is no longer relevant

Pilih carta masa
5
min
15
min
30
min
1
jam
4
jam
1
hari
1
minggu
Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN

Artikel yang dicadangkan

Apakah yang perlu ditonton pada 8 Julai? Gambaran Keseluruhan Acara Asas kepada Pedagang Baharu

Tinjauan Laporan Makroekonomi: Tiada penerbitan makroekonomi dijadualkan pada hari Selasa. Namun begitu, tidak dapat dikatakan bahawa pasaran sunyi pada hari Isnin walaupun tiada acara makroekonomi utama—masih terdapat cukup banyak berita

Paolo Greco 11:19 2025-07-08 UTC+2

Pasaran Diberi Ruang Bernafas Selepas Tarikh Akhir Tarif Ditunda ke Bulan Ogos

Tidak perlu panik. Pasaran hanya bersikap berhati-hati terhadap tindakan Rumah Putih yang kembali mengenakan tarif yang diumumkan pada Hari Kemerdekaan Amerika. Donald Trump telah menghantar surat kepada pelbagai negara dengan

Marek Petkovich 10:14 2025-07-08 UTC+2

Gambaran Keseluruhan Pasangan GBP/USD pada 8 Julai 2025

Pasangan GBP/USD mengalami sedikit penurunan pada hari Isnin, namun masih terlalu awal untuk menyatakan bahawa trend menurun telah bermula. Dari sudut teknikal, pasangan ini kekal berada di bawah garisan purata

Paolo Greco 08:55 2025-07-08 UTC+2

Gambaran Keseluruhan EUR/USD pada 8 Julai, 2025

Pada hari Isnin, pasangan mata wang EUR/USD didagangkan dengan kecenderungan penurunan, walaupun kemungkinan tiada alasan kukuh bagi dolar untuk mengukuh semula. Ingatlah bahawa semasa hujung minggu, Donald Trump sekali lagi

Paolo Greco 08:37 2025-07-08 UTC+2

GBP/JPY. Analisis dan Ramalan

Semasa sesi dagangan Eropah pada hari Isnin, pasangan mata wang GBP/JPY menghampiri tahap 198.30. Pasangan ini mendapat sokongan daripada data perumahan UK: pada bulan Jun, harga rumah meningkat sebanyak 2.5%

Irina Yanina 19:40 2025-07-07 UTC+2

XAU/USD. Risiko Geopolitik Mungkin Memberikan Sokongan Tambahan kepada Logam Berharga Sebagai Perlindungan

Hari ini, emas menunjukkan nada penurunan intraday walaupun telah membuat lantunan dari paras $3300. Permintaan yang semakin kukuh terhadap dolar AS kekal sebagai faktor utama yang memberi tekanan ke atas

Irina Yanina 19:09 2025-07-07 UTC+2

Bitcoin Menjalani Kehidupan yang Bergelora

Di bawah permukaan tenang BTC/USD terdapat arus bawah air yang bergelora yang membentuk semula struktur pasaran mata wang kripto. Air yang tenang jangan disangka tiada gelora. Di permukaan, keadaan dalam

Marek Petkovich 15:48 2025-07-07 UTC+2

USD/JPY. Analisis dan Ramalan

Pasangan USD/JPY mengekalkan kecenderungan menaik, kekal berada di atas paras psikologi 145.00, mencerminkan tekanan jualan intrahari terhadap yen Jepun berikutan pengukuhan dolar AS. Para pelabur bimbang bahawa ketegangan perdagangan yang

Irina Yanina 12:59 2025-07-07 UTC+2

USD/CAD. Analisis dan Ramalan

Pada hari Isnin, pasangan USD/CAD meneruskan pergerakan menaiknya untuk hari kedua berturut-turut. Kenaikan ini didorong oleh gabungan beberapa faktor. Harga minyak mentah pada mulanya menurun berikutan keputusan tidak dijangka oleh

Irina Yanina 12:39 2025-07-07 UTC+2

GBP/USD. Analisis dan Ramalan

Pasangan GBP/USD memulakan minggu baharu dengan cuba mengekalkan paras psikologi utama pada 1.3600. Namun, di tengah-tengah faktor fundamental yang bercampur, usaha ini setakat ini belum berjaya

Irina Yanina 12:14 2025-07-07 UTC+2
Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.