RBNZ stands pat

RBNZ kept it’s interest rate unchanged at 1.75% as was widely expected by the market. The accompanying statement had a rather dovish tone. Specifically, the monetary policy is to remain accommodating for a considerable time and inflation rate to reach 2% in 2020. Also, it was commented that the NZD rise was largely due to US Dollar move. Later on RBNZ Governor stated that he is quite comfortable with current NZD position and not concerned about it. Overall, we see the case for the outlook to weaken the NZD, as possible future rate hikes have been “pushed” further into the future.

NZD/USD started the day in a sideways manner yesterday and dropped later on and during today’s Asian morning, as forecasted yesterday, breaking the 0.7250 support level, now turned to resistance. We see the case for the pair to continue to drop for a short while and stabilize later on. Should there be further selling orders, we could see the pair breaking the 0.7180 support level and aim for the 0.7417 support barrier. On the other hand should the pair find fresh buying orders we could see it breaking the 0.7250 resistance line and aim for the 0.7370 resistance hurdle.

Here’s how investing in foreign exchange marketplaces is different than anything else

You have undoubtedly heard about all of the tremendous opportunities available in the foreign exchange marketplaces (Forex markets) by now.

People are – understandably so – very, very excited at the potential that these marketplaces provide regular folks looking to transform a small amount of capital into a tremendous amount of wealth. This has caused more and more people to dive headfirst into the world of Forex markets (using the tools and technology provided by Forex signals provider services out there), and has allowed every day folks with no previous investment experience the chance to transform their lives in the process.

Unfortunately, many of the same people make a lot of mistakes and missteps when they are first getting started. This is because investing in foreign exchange marketplaces is significantly different than traditional investing, and you need to understand the major differences if you are to have any real chance at succeeding.

Here are a couple of differences you’ll want to focus on.

There are no time limitations to the Forex trades you can make

One of the biggest differences between Forex trading and traditional trading is that there is no opening bell and no closing bell. You are going to be able to trade on the foreign exchange marketplaces all over the world on a 24/7 basis, which means that you won’t ever have to worry about trading during the 9 to 5 rush that those on Wall Street have to fight each and every day.

At the same time, this means that you are going to be going up against global competition that also has the opportunity to jump in and smuggle trades out from underneath you – even while you sleep.

Because some of the best opportunities are going to come out of nowhere (very organically) and because the market is running on a 24/7 basis, you need to be sure that you are paying attention to Forex signals and Forex analysis if you are to have any opportunity of making serious money with this investment.

It’s impossible to overstate the value of a proper Forex signals provider

The choice of your Forex signals provider is going to make or break the opportunities that you come across.

These services are going to be your only ally, and the number one resource that you are going to want to turn to when you need Forex signals information and reliable Forex analysis. Make sure that you choose your partner in this investment opportunity very, very wisely.

Economic highlights for today (2/7/2018)

During the European morning, we get Germany’s Industrial Output for December and past week’s US Crude Oil inventories which could move the market. As for speakers, ECB Board member Lautenschlager, Dallas Fed president Kaplan and FOMC members Dudley and Evans speak. Please also note that the ECB Governing Council is to hold a meeting today and a press conference will follow.