NZDUSD longs from technical confluence The RBNZ has been on a dovish footing recently since it released it’s ‘lower for longer’ monetary policy statement in August. The CPI data out last night was a test of the RBNZ’s dovish sentiment. The data for Q3 came in at 0.9% q/q vs 0.7% q/q. A good beat.
This will reignite concerns about Reserve Bank of New Zealand  independence Rightly or wrongly. RBNZ statement: The Secretary to the Treasury, Gabriel Makhlouf, has accepted Reserve Bank Governor Adrian Orr’s invitation to attend monetary policy deliberation and decision meetings as an observer from the end of this month. Mr Orr extended the invitation to deepen Mr
EUR/USD rises to a high of 1.1574 on the day ForexLive If something happens once, it could be down to coincidence. But twice? Nope, most certainly not. It’s a new day and a new week, and despite markets feeling iffy with equities weighed lower, the dollar is once again failing to find haven bids as
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Reuters monthly poll tracks the Bank of Japan’s tankan quarterly survey  manufacturers index +28 in October vs +26 in Sep non-manufacturers index +24 in oct vs +33 in September, this is its lowest since December 2016 manufacturers January index seen at +28, non-manufacturers +29 Factors for the results cited: recent natural disasters hit consumers and