Economic News Category

Sentiment Improves as China Data Boosts Hopes of 5% Growth China’s banks lent a record 4.9 trillion yen in January as the economy reopened from lockdowns. And there was some anticipation to see whether the new loans were making their way through the economy to aid the governments GDP target of around 5% this year.

Gold Price Rallies As SVB Failure Casts Doubt for Fed Rate Hikes The price of gold carves a series of higher highs and lows following the failed attempt to test the February low of $1805, and the failure of Silicon Valley Bank (SVB) may continue to heighten the appeal of bullion as market participants scale

Preview of NZ Q4 GDP The expectation is 0.2% fall in GDP for the December Quarter, following two quarters of extremely strong growth. This does not necessarily mark the start of a recession. GDP data has been choppy since Covid, and the details don’t tell a consistent story about whether monetary policy is biting. Nevertheless,

USD/JPY Outlook Mired by Failure to Test December High USD/JPY appears to be reversing ahead of the December 2022 high 138.18 as it fails to hold above 200-day SMA, but the Bank Of Japan interest rate decision may curb the recent decline in the exchange rate as the central bank is expected to retain its

EUR/USD Takes Out February Low Ahead of US Jobs Report EUR/USD takes out the February low following the failed attempts to trade back above the 50-day SMA, and developments coming out of the US may keep the exchange rate under pressure as the NFP report is anticipated to show another rise in employment. EUR/USD fails