As the New Zealand economy is expected to be strong amid the RBNZ’s tougher monetary policies and adaptive fiscal conditions on a global scale keep supporting the New Zealand Dollar.
Last Friday, the common European currency used US stats as a pretext to create a nonconventional price pattern, which was hard to identify by means of wave analysis. The mid-term trend remained bullish.
The Spanish political and economic crisis is still underway. The situation is escalated by a corruption scandal around Prime Minister Mario Rajoy'sruling party. The Socialists as the major opposing force urge the cabinet of ministers to resign immediately. They say this is the only reasonable way out of the difficult situation that the country has found itself in.
Any trader dreams of conquering the Financial Olympus to join the industry’s most prominent personalities like Larry Williams. However, not all of them know that knowledge, skills and ambitions are not enough to stay a winning player for years. It is also vital to have a good time when trading Forex (or other financial markets). If trading is painful and disappointing, there is no point in trying to make money this way.
Despite the difficulties that has been hindering the eurozone economy, the Euro currency keeps strengthening against the US Dollar and other major currencies. The price is breaking above every single level of resistance with ease.
The Japanese government feels optimistic towards tax revenues after economic recovery. The Prime Minister says that tax revenues will exceed the proceeds from bond sales for the first time in 4 years.
The statement concerning the 2013 election that was made by Julia Gilbert, Australia’s Prime Minister, had no impact on the Australian Dollar exchange rate. Analysts say that the statement was unexpected for political scientists but failed to change the overall sentiment in the market of the Australian currency.
The Japanese Yen keeps weakening despite the fact that the recent actions taken by the Bank of Japan seem to have disappointed investors. Nevertheless, the central bank’s obligations to eliminate deflation may have a major effect in the long run. This is what the experts working for Societe Generale think on the matter.