Aside from the Federal Reserve, the Reserve Bank of New Zealand also has a monetary policy announcement this afternoon. The RBNZ is expected to keep rates unchanged - hard to validate a rate hike when the RBA is planning to ease. Also, the last time the RBNZ met, Governor Bollard said “sustained strength [...]

Posted in New Zealand dollar, reserve bank of new zealand No Comments »

Since the middle of December, AUD/NZD has fallen more than 5 percent. The weakness of the currency pair is more a function of the problems in Australia than the strength in New Zealand. The floods in Queensland sent the Aussie tumbling as investors grew concerned about the impact on the economy. However [...]

Posted in Australian Dollar, New Zealand dollar, aud/usd, australian dollar forecast, forex blog 3 Comments »

My favorite forex trade right now is shorting AUD/NZD.
After hitting a 9 year high of 1.3124 last week, the rally in AUD/NZD is losing steam. I should have posted about this earlier, but I think there is still room for the currency pair to fall.
Last week, the Reserve Bank of [...]

Posted in Australian Dollar, Favorite Forex Trades, New Zealand dollar, aud/usd, australian dollar forecast, forex blog, forex signals 19 Comments »

I was on CNBC tonight talking about why I believe the Australian and New Zealand dollars are NOT overvalued. On FX360.com I published an article talking about the relative Purchasing Power Parity values of the major currencies and how undervalued the U.S. dollar really is. Enjoy!

Posted in 2009 us dollar forecast, Australian Dollar, New Zealand dollar, australian dollar forecast, forex blog 3 Comments »

I was on CNBC this afternoon talking about the outlook for the Australian and New Zealand Dollars

Posted in Australian Dollar, New Zealand dollar, aud/usd, australian dollar forecast, forex blog 1 Comment »