Day: March 29, 2008

March 29
2008

Reserve Bank of New Zealand Governor Says He Won’t Cut Rates in 2008

The Reserve Bank of New Zealand Governor, Alan Bollard, said yesterday that he won’t be reducing the country’s key interest rate from its record high value in 2008, because the national inflation still remains the major concern. In the fourth quarter of 2007 New Zealand CPI increased 3.2% — above the central bank’s target of 3.0%. In the same time economy grew 3.7% — its best expansion since 2004 and […]

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March 29
2008

Forex Technical Analysis for 03/31—04/04 Week

EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: hold. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4958 1.5149 1.5475 1.5666 1.5992 1.6183 1.6509 GBP/USD 1.9307 1.9533 1.9739 1.9965 2.0171 2.0397 2.0603 USD/JPY 95.62 97.09 98.11 99.58 100.60 102.07 103.09 EUR/JPY 148.49 […]

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