The dollar NZD> New Zealand dollar traded higher against the dollar by 0.09% before the announcement of decisions on monetary policy of the Federal Reserve (Fed) and the Reserve Bank of New Zealand (RBNZ).
Market participants' expectations regarding the decisions of the Central Banks in the US and New Zealand has been known fom the experts of the Forex Broekr Company Nord FX.
It will end the Fed meeting and the RBNZ. Market participants expect that both solutions will signal a slight tendency to soft policy. Most likely, the Fed will announce the completion of the third phase of quantitative easing, and perhaps apply a few cautious rhetoric. Among other things the Fed could mention the slowing global economy and express concern about the situation in Europe. The range of interest rates are likely to remain unchanged 0-0.25%
Reserve Bank of New Zealand, apparently, to keep interest rates at 3.5%, but may declare that inflation forecasts lag behind and try again "persuade" the New Zealand Dollar was lower.
On Wednesday, an independent group of NZIER, has studied the question of monetary policy, the RBNZ is not recommended to change the interest rate. "The annual rate of inflation is 1%, and further increases would threaten reducing inflation below the Central Bank's target range," - said the Chief economist at NZIER Cirdan Fox.
He noted that the RBNZ may be forced to lower the rate, if the situation in the world economy or in the New Zealand economy deteriorate significantly, though now he sees no need to reduce it.
Prospects for the New Zealand and US dollars on the Forex
Experts of the Masterforex-V World Academy http://www.masterforex-v.com/ reviewed hour timeframe of the currency pair NZD-dollar. Against the background of the main long-term downtrend on the New Zealander, now it happens corrective gains against the dollar, which began near the level of the local minimum and 0.7798 on October 28th in the US session and the session has reached a local maximum near 0.7958.
From a technical point of view, in the medium term is likely to continue to strengthen the New Zealander in the area 0.7958 and 0.7990, and possibly higher, given the high volatility in the foreign exchange market during the announcement of interest rates by central banks. This variant is marked on the chart by the blue arrow.
An alternative would be to reduce the NZD towards long-term trend in the area of 0.7909 and 0.7884
Chair of the binary options traders Masterforex-V Wold Academy would recommend to make deals "buy" on the binary options analyzed only a couple of price correction downwards in the presence of the rising medium-term trend for the pair. Term life binary option for medium-term forecast can be installed 1.5-2 hours. Expiration of life binary option will bring in the profit zone traders trading binary options, the maximum profit.
