Tuesday 28 April 2015
GBPNZD trend & momentum 28-Apr-2015
GBPNZD, the trend and momentum indicates it will be reversed into downward trend against upward trend for last one week. In United Kingdom, general election will be held in less than 10 days, and the market could expect uncertainty on the election as a risk event. At the moment, New Zealand's interest rate is not likely to change.
Monday 27 April 2015
Mortgage bubble in Australian capital cities? 27-Apr-2015
According to the article picked up in Newsensus, Risks of mortgage defaults in Sydney and Melbourne are growing as soaring house prices are matched with bigger loans and deteriorating affordability, ratings agency Moody’s warns.
Since 2012, RBA has cut the interest rate into record low level, which currently stays at 2.25% and was above 4.0% in early 2012. In line with the interest rate falling, AUD has declined against major currencies including USD, GBP, NZD but not JPY that has fallen.The timing when mortgage price started going up steeply was near that interest rate started being cut.
Typically, it could say that lower interest rate helps buyers to buy houses and it has lead to housing price up. In UK, lower interest, as well as help to buy scheme, has helped people to buy houses and the housing market has gone up steeply for a last few years.
A below figure describes Australian cash rate target vs Residential Property Price Index. Since 2012, Residential Property Price Index started going up steeply until 2014 while the cash rate has been cut over the period.
Although it is not evidence that the lower interest helped people to buy houses, the timing matches between the rate cut and residential price going up from 2012 to 2014.
Ref. Australian Bureau of Statistics
(Newsensus available at Google Play)
Since 2012, RBA has cut the interest rate into record low level, which currently stays at 2.25% and was above 4.0% in early 2012. In line with the interest rate falling, AUD has declined against major currencies including USD, GBP, NZD but not JPY that has fallen.The timing when mortgage price started going up steeply was near that interest rate started being cut.
Typically, it could say that lower interest rate helps buyers to buy houses and it has lead to housing price up. In UK, lower interest, as well as help to buy scheme, has helped people to buy houses and the housing market has gone up steeply for a last few years.
A below figure describes Australian cash rate target vs Residential Property Price Index. Since 2012, Residential Property Price Index started going up steeply until 2014 while the cash rate has been cut over the period.
Although it is not evidence that the lower interest helped people to buy houses, the timing matches between the rate cut and residential price going up from 2012 to 2014.
Ref. Australian Bureau of Statistics
(Newsensus available at Google Play)
Thursday 23 April 2015
New Zealand interest rate expected flat or lower 23-Apr-2015
NZD has already dropped against major currencies earlier today as it is announced that Reserve Bank unlikely lift up the interest rate near future.
Picked up on Newsensus: http://www.scoop.co.nz/stories/BU1504/S00677/nz-dollar-drops-after-rbnz-official-says-rate-hike-unlikely.htm
Reserve Bank had meant they would cut the interest rate further instead of hiking, and the rate review in next week is likely to be concluded as flat or even lower which make market more surprised.
Referenced post: http://forexflyer.blogspot.co.uk/2015/01/eurnzd-trend-momentum-23-jan-2015.html
(Trend & momentum chart in NZDUSD)
Picked up on Newsensus: http://www.scoop.co.nz/stories/BU1504/S00677/nz-dollar-drops-after-rbnz-official-says-rate-hike-unlikely.htm
Reserve Bank had meant they would cut the interest rate further instead of hiking, and the rate review in next week is likely to be concluded as flat or even lower which make market more surprised.
Referenced post: http://forexflyer.blogspot.co.uk/2015/01/eurnzd-trend-momentum-23-jan-2015.html
(Trend & momentum chart in NZDUSD)
Monday 20 April 2015
GBPUSD trend & momentum 20-Apr-2015
The trend and momentum indicates GBPUSD is in downward trend in this week, reversed from the upward trend for the last week.In US economy, the interest rate is one of major key factors affecting to cross USD pairs. It is still unclear the interest rate hike within this year, and the market could jump if the consensus stop expecting the interest rate going up.
Saturday 11 April 2015
Newsensus upgraded in β-version
Android app, Newsensus has been upgraded in β version.
Stories by Economic zone:
Australia, UK, US, Europe, New Zealand, India, Canada, Japan, China, Russia, South Africa, Middle East, Singapore and Latin America / Caribbean.
It is still β version, but we are improving quality of services as much as possible.
Thursday 9 April 2015
NZDJPY trend & momentum 9-Apr-2015
NZDJPY stays around the highest level since beginning of this Apr. The trend and momentum indicates NZDJPY is being into downward trend for a coming week. Japanese Special Quotation (SQ) will be released tomorrow in Tokyo time, overnight in European time. Nikkei 225, the bench mark of Japanese stock market, has hiked today at the highest level for last 15 years. However, if tomorrow's SQ is resulted as disappointment in the market, Nikkei is expected downturn and typically JPY will be stronger against other currencies in that situation.
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For more currency pairs, Forex trend & momentum signals available on Google play.
Android App: Newsensus α-version released
Newsensus α is now available on Google Play.
Newsensus allows to check business news in the world by categorizing into each economic zone. Radar chart above headlines shows consensus, what subject is flowed in the media.
This is still α-version, but we are improving the categorization and user-interface in order to realize the best quality of business news app.
We will update about Newsensus accordingly on this blog.
Website: Newsensus.com
This is still α-version, but we are improving the categorization and user-interface in order to realize the best quality of business news app.
We will update about Newsensus accordingly on this blog.
Website: Newsensus.com
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