Resistance is one of the key concepts of technical analysis. Resistance is defined as a price level at which the activity of asset sellers is quite significant to prevent the further purchase and increase in asset price.

In the financial world, speculating can be described as the act of making an investment in a financial asset, hoping to make a profit when the asset over time. In layman’s terms, a speculator will aim to “buy low and sell high.

The Reserve Bank main responsibility is monetary policy. Policy decisions are made by the Reserve Bank Board, with the objective of achieving low and stable inflation over the medium term.

The Performance of Manufacturing Index is a monthly survey of the manufacturing sector providing an early indicator of activity levels.  It is produced by Business NZ, and sponsored by BNZ, who also provide expert commentary.