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Analyzing NZD/JPY.

NZD
New Zealand economy is slowing gaining pace in GDP growth rate from 0.4 % in Q4 of year 2016 to 0.8 % in third quarter of this year. Services has been the best performing sector of the New Zealand economy contributing the most to the otherwise sluggish growth rate of GDP. GDP is expected to grow faster moving forward as and when construction and mining sector also starts contributing positively to the GDP growth.
JPY
Japanese economy is continuing moderate pace of recovery. Government is als…
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NZD/JPY is likely to rebound.

NZD:
The economic situation in New Zealand has brightened in recent months as New Zealand has turned into a trade surplus economy driven by the growth in exports of Milk products and lumber. The domestic economy is also in good shape. The unemployment rate at 4.9% in last quarter nearly touched low of 8 years. The economy is expected to gain steam further as the construction sector should show rebound next quarter.
JPY:
There are quite positive developments going on in Japanes economy. Japan's e…
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VAIBS1991 avatar
VAIBS1991 24 Сент.

The economic situation in New Zealand has brightened in recent months as New Zealand has turned into a trade surplus economy driven by the growth in exports of Milk products and lumber. The domestic economy is also in good shape. The unemployment rate at 4.9% in last quarter nearly touched low of 8 years. The economy is expected to gain steam further as the construction sector should show rebound next quarter.

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VAIBS1991 27 Сент.

The Bank of Japan left the interest rate unchanged at -0.1 percent at it's September 2017 monetary policy meeting. Policymakers also deciding to maintain it's 10-years government bond yield target around zero percent and are viewing a moderate recovery trend in the economy is continuing while exports are picking up. The Bank of Japan will continue with "Quantitative and Qualitative Monetary Easing (QQE) with a Negative Interest Rate,"aiming to achieve the price stability target of 2 percent, as long as it is necessary for maintaining that target in a stable manner.

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VAIBS1991 28 Сент.

The Reserve Bank of New Zealand kept its official cash rate unchanged at record low of 1.75 percent on September 28th, 2017. Major economic challenges such as persistent surplus capacity and extensive political uncertainty are yet to subside. GDP growth in the March quarter was lower than expected, with weaker export volumes and residential construction partially offset by stronger consumption. Headline inflation has increased over the past year in several countries, but moderated recently with the fall in energy prices. Nevertheless, the growth outlook remains positive.

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PREDICTING NZD/JPY

Technical Analysis: NZD/JPY is in consolidation phase on weekly and monthly charts:
CHARTS: Weekly and Monthly
Tools used: Ichimoku, Bollinger bands, Trend lines, Fibonacci Expansion and price actions and CCI.
WEEKLY CHART:
  • Price closed inside Ichimoku cloud.
  • It is taking support at middle level of Bollinger Bands.
  • Commodity Channel Index falling.
  • It is taking support at Fibonacci support R3.

MONTHLY CHART:
[list][/list]…
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NZD/JPY Some correction may happen.

NZD/JPY may show some retracement .
TARGET: 80.310
TOOLS USED: ICHIMOKU, TREND, PRICE ACTION EMA CROSSOVER, LONGER TERM SUPPORT
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:


MONTHLY CHART:
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Elens94 avatar
Elens94 23 Дек.

Well done!

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VAIBS1991 30 Янв.

There are very important events this week which will highly impact the valuations of NZD/JPY. The much anticipated Federal Reserve Rate Decision is on Wednesday February 1st 2016 which is also our contest's final day. The Federal Reserve is not expected to take action on interest rates at the conclusion of its two-day policy meeting. The Fed indicated last month that at least three rate increases were in the offing for 2017. However, traders remained unconvinced. Instead, markets are pricing in just two rate hikes during the course of this year, according to CME group's FedWatch Tool.

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Taking a contrary view in NZD/JPY

I am bearish on JPY for next few months which implies I should have taken a bullish view on NZD/JPY. Contrary to my own assumptions I have decided to make a bearish forecast for NZD/JPY considering the factors that equity markets worldwide may go into correction mode post Fed rate hike in December if it does happen. In such scenarios JPY being a safe heaven asset may begin to appreciate. NZD has come into bearish grip lately as the economic data for last two months has been below expectation of …
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Elens94 avatar
Elens94 16 Нояб.

well done!

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