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  • 3y
    Stephen Pope Stephen Pope
    There are few certainties in life...especially in financial affairs, however, a pass by the Fed seems highly probable.

    Yellen is locked into being data dependent, therefore, to hike...
    3y
    Michael S. McKenna Michael S. McKenna
    I agree, Stephen – particularly given the shakiness seen in US equities of late, I cannot see the Fed risking a pronounced correction in exchange for a...
    3y
    fxtime fxtime
    The Feds mandate does not permit any influence to national presidency election results and must remain neutral.....I cannot see how Yellen and her merry team can do...
  • 3y
    Patto Patto
    Max, as the RBNZ is so committed to an exchange rate path, do you think there's a chance they will intervene in the FX market, if for...
    3y
    Max McKegg Max McKegg
    Can never say Never but doubt it anytime soon !
    3y
    abach abach
    Good analysis. I only disagree with the forecast that commodity prices will be strong. In this environment of decreasing demand and consumption globally this is not what...
  • Article / 17 August 2016 at 2:17 GMT

    Kiwi dollar strength continues to defy RBNZ strategy

    Managing Director / Technical Research Limited
    New Zealand
    Kiwi dollar strength continues to defy RBNZ strategy
    Events are conspiring against the RBNZ in its attempt to lower the exchange rate. Dairy prices are rebounding, global bond yield yields remain at rock bottom and hopes the US Federal Reserve will ride to the rescue with rate hikes are fading.
    Read the article
    3y
    Allied Allied
    I agree that they could do Intervention but it wouldn't work and be short lived. It creates the chance that real money is waiting on (buying dips)...
    3y
    Patto Patto
    Previous interventions by the RBNZ (a couple of years ago) were successful for a while - and costly for traders who were long NZDUSD at the time....
    3y
    vyacheslav111 vyacheslav111
    Can I buy it now NZD/USD and stop 0.7129?
  • Article / 16 December 2015 at 0:56 GMT

    NZDUSD primed for action ahead of Fed meeting

    Managing Director / Technical Research Limited
    New Zealand
    NZDUSD primed for action ahead of Fed meeting
    Clearly the biggest influence on NZDUSD over the next 24 hours will be the US rate decision, but a couple of hours later we will get an update on New Zealand’s economic growth - and it's humming along, suggesting some form of resilience for the NZD.
    Read the article
    3y
    Treve Treve
    well written and informative!
    3y
    tradingwithapro tradingwithapro
    This comment has been redacted
    3y
    Patto Patto
    I agree Max. Just as the Kiwi rallied when the RBNZ cut rates last week, the USD will sell off after the fed hikes. Strange but true.................
  • Article / 11 October 2015 at 23:29 GMT

    The Macro Take: A matter of milk over oil

    Global Macro Strategist / Saxo Bank Group - Singapore Hub
    Singapore
    The Macro Take: A matter of milk over oil
    One of the more interesting trades is whether it's going to be a milk boom or an oil boom in the mid term - and this can be played through NZDCAD. At the moment, playing long volatility on the USDJPY cross also makes sense, either through long straddles or strangles.
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  • Editor’s Picks / 10 August 2015 at 15:56 GMT

    Europe's farmers cry over spilt milk

    Dairy farmers in Europe have been protesting against the falling price of milk, which is impacting their incomes. Global dairy prices fell by 7.2% in July from June, according to the Food and Agriculture Organization of the United Nations last week. It said this was down to "lower import demand from China, the Middle East and North Africa, amid abundant EU milk production." British farming unions held an emergency summit on Monday to discuss the 'crisis' facing the industry. Farmers in France and Belgium have also demonstrated.
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  • Video / 16 July 2015 at 9:38 GMT

    Hardy: Euro, Kiwi and Loonie - how low can they go?

    John J Hardy
    The new bailout for Greece has passed a major hurdle in the Greek Parliament. Saxo Bank’s John Hardy looks at how this may impact EURUSD as traders turn their attention to the European Central Bank. He also looks at some dramatic news hitting the Canadian dollar and the Kiwi.
    watch video
  • Editor’s Picks / 25 February 2015 at 5:31 GMT

    Milk wars begin to simmer

    The Sydney Morning Herald
    European milk quotas are to be abolished next month and the more efficient European milk producers are champing at the bit to pump up production, writes Michael Pascoe. This move will shake up the global market for dairy products. Both New Zealand and America, the world's third-biggest exporter, have expansion plans of their own, along with everyone else presently scooping some cream off the Chinese baby formula bubble. This doesn't bode well for punters thinking about the half-billion dollar Murray Goulburn milk float and Gina Rinehart's similarly sized bet on a Queensland dairy business.
    Read article on The Sydney Morning Herald
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