Forexpros.com Daily Analysis - 08/12/2009

[forexpros]

Forexpros Daily Analysis Dec 8, 2009


Free Webinar On Forexpros: Using Time and Patterns to Pinpoint Entry and Exit Points

Hosted by: Raghee Horner of Auto Chartist
Thu, Dec 10, 2009, 08:00 EST/13:00 GMT

Where are the currency markets headed? How can I take advantage of time and expected pip movement to identify opportunities? How to filter out and confirm set ups? What strategies can I employ to limit risk? Join Raghee Horner, a best-selling author and professional trader with over 15 years experience, as she applies unique trading methodology to helping you trade your views in the forex market. Raghee will also help you to identify the market cycle and learn to set up and use her 34ema Wave allowing you to effectively position yourself in the markets.

To Join Free

---

: Interest Rate Decision

The Reserve Bank of New Zealand (RBNZ) will release its decision on short term interest rate Tomorrow (Dec 9).
The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency.
A higher than expected rate is positive/bullish for the NZD, while a lower than expected rate is negative/bearish for the NZD.

Analysts forecast Tomorrow's rate to remain stable at 2.50%.

---

[color=black]