NZDJPY - BUY
NZD very strong
Interest rate announcement coming out in 35 mins
Looks like they all banking on a 0.25% rise or stay the same which is also Bullish.
Inflation YOY and Interest Rates %
USD : 3.27- 5.50
NZD : 4.0 - 5.50
GBP : 2.0 - 5.25
CAD : 2.9 - 4.75
AUD : 3.6 - 4.35
EUR : 2.5 - 4.25
CHF : 1.1 - 1.25
JPY : 2.8 - 0.10
Looks like if any Country should be raising rates just looking at the numbers above NZ should and could still raise rates 0.25 to try and put the nail in the coffin.
It will never stop never has and raising rates won't even stop that, probably make it worse because of borrowing cost for businesses any excuse or chance to raise prices or shrink product size they do and then people still want need more in their wage packet, omg!
Retail sales are down each month ticked up last month
Building Consents drastic decline
Unemployment rate is up from 3.2 to 4 since 2022
Electronic card Spending is dropping on monthly basis (People are getting poorer)
Purchasing managers has 14th month of contraction in a row
Orders are down also
People paying Mortgaes will not be happy either how much more can NZ'ers take the NZ Government need to put a Price Freeze on Goods only to reduce the profit of the main profit-making companies in NZ they will not do it themselves so it needs to be LAW.
That is my recommendation NZ Government do it Now !
: )
Interest rate announcement coming out in 35 mins
Looks like they all banking on a 0.25% rise or stay the same which is also Bullish.
Inflation YOY and Interest Rates %
USD : 3.27- 5.50
NZD : 4.0 - 5.50
GBP : 2.0 - 5.25
CAD : 2.9 - 4.75
AUD : 3.6 - 4.35
EUR : 2.5 - 4.25
CHF : 1.1 - 1.25
JPY : 2.8 - 0.10
Looks like if any Country should be raising rates just looking at the numbers above NZ should and could still raise rates 0.25 to try and put the nail in the coffin.
It will never stop never has and raising rates won't even stop that, probably make it worse because of borrowing cost for businesses any excuse or chance to raise prices or shrink product size they do and then people still want need more in their wage packet, omg!
Retail sales are down each month ticked up last month
Building Consents drastic decline
Unemployment rate is up from 3.2 to 4 since 2022
Electronic card Spending is dropping on monthly basis (People are getting poorer)
Purchasing managers has 14th month of contraction in a row
Orders are down also
People paying Mortgaes will not be happy either how much more can NZ'ers take the NZ Government need to put a Price Freeze on Goods only to reduce the profit of the main profit-making companies in NZ they will not do it themselves so it needs to be LAW.
That is my recommendation NZ Government do it Now !
: )
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