Collinson FX Market Commentary - Sept 18 - RBNZ decision factored in?
by Collinson FX on 19 Sep 2016
Magic 25 - Final RNZYS Winter Race - September 10, 2016 Richard Gladwell
www.photosport.co.nz
Collinson FX Market Commentary - Sept 18 - RBNZ decision factored in?
Sept 18 - US inflation data was flat, telegraphing inaction from the Fed, contrary to inane rhetoric. Equities reacted by slipping, seemingly exhausted with all the liquidity, while the Dollar regained momentum. The EUR slipped back to 1.1150, while the GBP tests 1.3000, on the downside.
The Pounds momentum seems to be in reverse, with the Dollar aiding to the dovish Bank of England monetary policy. The coming week will not be a huge one for economic data releases, so expect further speculation, with regards Central Bank activity. The AUD fell below 0.7500, while the NZD dropped to 0.7250, perhaps anticipating the coming RBNZ rate decision!?
For more on Collinson FX and market information click here and here Or for the latest update click here
Countries: | NZ: 0800 338 838 | AU: 1800 143 415 | NY: 1888 6257 833 | UK: 0800 0285 834 |
Disclaimer: The details expressed in this website and accompanying documents or transmissions are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Collinson Forex Ltd accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the information contained or related to this site
If you want to link to this article then please use this URL: www.sail-world.com/148342