RBNZ OCR 4.25% - OCR lowered further as inflation returns to target

Manipulate Manipulate Manipulate.

Any idea why nzdusd up more then 50 pips? Cut rate sould go down!

Any idea why nzdusd up more then 50 pips? Cut rate should go down!

It will retrace later

is not about what they did its about what people think they will do from now on

Because in this current climate, a cut in interest rates indicates a country's economy is *supposedly* returning to health instead of inflation causing further decline. But the truth is ...

CB's don't like to be proven wrong about their over intervention in the markets (what goes around comes around)
Politicians everywhere are nervous that they've fouled the nest and consumers are on to them
People are in fact spending less, because they are broke, not because inflation is under control

So for example, when the US Fed cuts rates, this boosts the USD. When the ECB cut rates, this boosted the Euro.

Heaven forbid anyone should speak the truth. Addiction to growth, profits, borrowing, high govt debt levels and doing whatever it takes to keep the sheeple in the dark and sucking the life out of them is closer to the real story. But market will believe whatever it wants to believe. Just don't be on the wrong side of it.

Quote=Puremerchantme;15072435]Manipulate Manipulate Manipulate.[/quote]
Pure Manipulation

The News are just fuel to drive the market really fast to the intended direction,, you can see from the daily a long wick from yesterday candle and 4 hour chart a divergence at play.