Kiwi in Flight
It’s been a long time coming. Of the major currencies commonly traded, there have been no interest rate increases since 2010 when Australia last increased its overnight rates. Australian rates didn’t last long at those levels and were reduced in stages soon afterwards, matching the other major economies. This time though, things feel different. On Wednesday evening this week, the Reserve Bank of New Zealand announced a rise in interest rates from 2.5% to 2.75% (well, Thursday morning in New Zealand at the time). An interest rate increase in any of the major currencies is as rare as New...
Read MoreOut of the Woods
The non-farm payroll (NFP) figures a week ago did not suggest to me that we are out of the woods just yet. After strong numbers for several months on the spin, January’s low numbers weren’t significantly revised upwards and the numbers for February came in on the low side. This suggests that while growth in the world’s largest economy is continuing, it is not doing so at the pace set last quarter. This is two months of lower than expected jobs growth. Not the end of the world by any means, as it is only two months of data. Maybe the frozen weather conditions are slowing the rate of growth?...
Read MoreMy Experience with the Forex Market by Olivia Rust
The forex market is something that has always held my interest and, as the New Year came, I decided that I would actively try to gain more knowledge about the foreign exchange market. My understanding of the industry has been very limited until recently. I attended a very interesting seminar with Mark Walas from Plan B Trading. I had done a lot of research about the industry via the internet and with every website informing me that they had the right strategy for me, being a complete novice, I can see how easy it would be to fall into these traps. I decided to attend a seminar to see how...
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