RBNZ to begin removing policy stimulus around the middle of 2010

“The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. Reserve Bank Governor Alan Bollard said: “The New Zealand economy is recovering broadly as expected and growth is predicted to pick-up further through 2010. “Trading partner activity has recovered a little faster than expected. Currently, growth is strongest in China, Australia, [...]

Intraday Market Update

The U.S. session is experiencing a roller coaster ride, with the majors breaking out higher at the open to then reverse most gains as stocks retreated. Currently, the majors are recouping some of the lost ground as equities are once again edging into positive territory. The Aussie had the strongest reversal as sellers were already [...]