Expecting 62c this month, once NZ Government makeup clears
Quote:
Originally Posted by
winner69
Nzdusd back over .60 after overnight action
Yep, Big Day for NZD, on good volume - recent news confirms signals that stuff is getting better:
In US:
- US T10y below 4.5% recent lows, US T2y 4.83% - on Lower than expected US CPI https://www.cnbc.com/2023/11/14/cpi-...ober-2023.html
- Russel 2000 UP 5%, NDX UP 2.5%, SPX 500 UP 2%, https://www.google.com/search?q=russ...hrome&ie=UTF-8
- Should be followed by a relief rally in EM stocks and currencies today
In NZ:
- Food DOWN 3 months in a row https://www.stats.govt.nz/news/food-...-october-2023/
- Property UP 3 months in a row - QV House Price Index (average home up 2% over 3 months at Oct end, Auckland up 2.7%) https://www.newshub.co.nz/home/money...ice-index.html
- Houses to rise by an average 4.8%, while CPI slows to 3.6% over the next 12 months (so a small but positive 1.2% real growth finally), according to the Reserve Bank's survey of 37 business leaders and professional forecasters. https://www.newsroom.co.nz/sharp-ris...rices-forecast