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.6, here we come
Billionaires club ‘refocuses’ on New Zealand
https://businessdesk.co.nz/article/property/billionaires-club-refocuses-on-new-zealand?utm_source=nzh&utm_medium=referral&utm_cam paign=nzh-home
Realtors in the luxury end of the market say there’s been resurgent interest in New Zealand as a relatively well-priced haven for tech, construction and other billionaires. That assumes a National-led government takes the reins next month. Realtor Caleb Paterson, who works with a number of offshore agents and high net-worth individuals mainly out of the US and UK markets, said interest had “definitely perked up" ...
Smart Money likes NZ again. About time...
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ANZ reckons house prices will now lift 4% over the second half of this year. This is up 1% from its previous forecast of 3%
https://www.landlords.co.nz/article/...or+26+Sep+2023
Will be interesting to see whether the pent up demand for houses/ homes starts pushing up the market now in anticipation of National win, or after the election
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Yet another positive surprise
ANZ Truckometer monitoring threw up something of a surprise result - there was a "late winter flurry" of activity, belying the doomsters.
Not only was that seen in more car traffic, the commercial traffic "rebounded" sharply in August from July.
https://d321bl9io865gk.cloudfront.ne...22:%22star%22}
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NZD has slipped 7.5% since its july peak of .6394 and the doom and gloom news is also reflected in the NZ employment confidence slipping in the Westpac-MM survey.
At the same time, in the same period, the Baltic Dry Index has been substantially improving. JP Morgan has even upgraded China growth on the back of recent industrial profits improvements.
As realization dawns on Kiwi trading desks and commentators, we should begin reverting to the mean. This will need the election outcome to be sure, but testing .61 before election is now quite possible.
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Kiwi has definitely shown some strength during the last week. Could be displaying a top out of the USD.
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Originally Posted by Daytr
Kiwi has definitely shown some strength during the last week. Could be displaying a top out of the USD.
Yeh thanks for that genius update.
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Originally Posted by Daytr
Could be displaying a top out of the USD.
There is definitely increasing chatter of USD topping out soon, amongst leading US trading desks, but USD has risen against a basket of currencies like Yen, Euro, GBP, AUD etc. in the last month. On the other hand, NZD defied the USD last month. If National wins, I expect we'll settle well north of .62 in the short term.
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ANZ-Roy Morgan consumer confidence index now back above its early 2022 levels.
Remarkably, even as mortgage holders continue to roll onto higher rates, it’s NO LONGER a case of things feeling ever worse for households with debt.
https://www.interest.co.nz/economy/124530/latest-anz-roy-morgan-survey-consumer-sentiment-doesnt-find-much-spring-step
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Originally Posted by Azz
Yeh thanks for that genius update.
Keep it up champ. You will banned again for tge constant trolling and derogatory comments.
Are you on the ban rotation list with SailorRob?
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Originally Posted by Daytr
Keep it up champ. You will banned again for tge constant trolling and derogatory comments.
Are you on the ban rotation list with SailorRob?
You're full of crap. You're not an "international day trader" as you've told people. And your updates on the state of various markets and economic conditions are pathetic.
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