The Reserve Bank of New Zealand Delivers Record Hike, Expects More Tightening
The central bank of New Zealand remains super-hawkish as it raised rates by a record 0.75% and pointed to more moves ahead, despite impending recession
Senior Market Specialist
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. He has a long time presence at FXCM, as he joined the company in 2011. He has served from multiple positions, but specializes in financial market analysis and commentary.
With his educational background in international relations, he emphasizes not only on Technical Analysis but also in Fundamental Analysis and Geopolitics – which have been having increasing impact on financial markets. He has longtime experience in market analysis and as a host of educational trading courses via online and in-person sessions and conferences.
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The central bank of New Zealand remains super-hawkish as it raised rates by a record 0.75% and pointed to more moves ahead, despite impending recession
Watch today’s US Open, for commentary on the latest news, including oil developments, as well as the technical outlook of SPX500 and other assets
The Aussie takes advantage of the greenback’s weakness and the latest commentary form the head of the RBA, to move higher today, after its poor weekly start
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The pair comes from its first negative week since mid-October and enters its third straight losing day, as markets continue to evaluate the policy path by the two central banks
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The United Kingdom was in the spotlight this week, with a series of economic data and the government’s budget, but the pair had limited reaction
The commodity heads towards another losing week, as OPEC and the IEA lowered their demand growth projections, while Covid-19 infections in China are rising
Fed-speak, economic data, UK’s economic plan and more news were in focus, during today’s US Open
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