Rate Hike Speculation Drives Up AUD USD and NZD USD

Strong demand for higher yields is helping to drive up the NZD USD and AUD USD.

Strong demand for higher yields is helping to drive up the NZD USD and AUD USD. Traders are now speculating that the Reserve Bank of New Zealand and the Reserve Bank of Australia will raise interest rates at their next meetings in November. Some investors are even placing trades in anticipation of the RBA hiking as much as 50 basis points.

James A. Hyerczyk has been actively involved in the futures markets since 1982. He has worked in various capacities within the futures industry from technical analyst to commodity trading advisor. Using W. D. Gann Theory as his core methodology, Mr. Hyerczyk incorporates combinations of pattern, price and time to develop his daily, weekly and monthly analysis. His firm, J.A.H. Research and Trading publishes The Forex Pattern Price Time Report... More

Disclainer: