Earthquakes in New Zealand Shaking the Markets

new zealand

Sunday’s 6.5 magnitude earthquake in New Zealand, though stronger than the 2011 Christchurch quake, thankfully, had no casualties. Financial markets could be shaken today though as the Reserve Bank of New Zealand releases their interest rate figure and rate statement.

Today at 5pm EST (New York Time), New Zealand’s Cash Rate figures and statement will be released to the watching world. The bank of New Zealand downsized it’s growth forecast for the year through March 2014 to 3.0% from it’s previous 3.3%. This could be in result of the slow growth in it’s neighbors – China and Australia.

Slow Growth in China and Australia

Slower growth in Australia and China could have significant affect on New Zealand’s outlook because of their closely-knit trade.

Earthquake of 2011

In 2011, proceeding the 6.3 magnitude quake, the Reserve Bank of New Zealand lowered their rates by 50 basis points. Could a similar response be expected today from the RBNZ?

For news updates and more fundamental analysis, follow the Winner’s Edge account. Follow Casey’s twitter account, Nathan’s twitter account, and Tim’s twitter account too for Forex analysis, and trade ideas!

For Nathan’s most recent Technical Analysis click here!



The following two tabs change content below.
Winners Edge Trading was founded in 2009 and is working to create the most current and useful Forex information and training available on the internet.

Winner’s Edge Trading, as seen on:

Winner's Edge Trading in the news