Upcoming Market Updates: NZD, JPY, EUR, GBP, CAD, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text][vc_row][vc_column width=”1/1″][vc_column_text] Upcoming Market Updates: NZD, JPY, EUR, GBP, CAD, USD NZD: Business NZ Manufacturing Index, it measures Level of a diffusion index based on surveyed manufacturers. JPY: M2 Money Stock y/y, it measures Change in the total quantity of domestic currency in circulation and deposited in banks. EUR: German WPI m/m, it measures […]
FOMC Minutes show Fed is serious about inflation
FOMC Minutes show Fed is serious about inflation The September 21st FOMC meeting chose to hike the Fed Funds rate by 75bps for the third consecutive meeting to bring the key rate to 3%-3.25%. The Minutes from that meeting noted that the cost of doing too little outweighed the cost of doing too much. They […]
AUD/USD falls to new 18-month low
AUD/USD falls to new 18-month low AUD/USD continues to lose ground and can’t find its footing. The Aussie started the week on the wrong foot, with a decline of 1.0% on Monday. AUD/USD is trading at 0.6266 down 0.52%. Earlier the day, the Australian dollar fell to 0.6247, its lowest level since April 2020. Australia […]
Upcoming Market Updates: NZD, AUD, JPY, GBP, EUR, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, AUD, JPY, GBP, EUR, USD NZD: Visitor Arrivals m/m, it measures Change in the number of short-term overseas visitors who arrived in the country. AUD: RBA Assist Gov Ellis Speaks, She’s responsible for advising Reserve Bank Board members – who decide where to set the nation’s key interest rates […]
Upcoming Market Updates: GBP, AUD, JPY, GBP, EUR, USD, CHF
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: GBP, AUD, JPY, GBP, EUR, USD, CHF GBP: BRC Retail Sales Monitor y/y, it measures Change in the value of same-store sales at the retail level. AUD: Westpac Consumer Sentiment, it measures Change in the level of a diffusion index based on surveyed consumers. JPY: Current Account, it measures Difference […]
Upcoming Market Updates: AUD, EUR, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: AUD, EUR, USD AUD: AIG Services Index, it measures Level of a diffusion index based on surveyed service-based companies. EUR: Sentix Investor Confidence, it measures Level of a diffusion index based on surveyed investors and analysts. USD: FOMC Member Brainard Speaks, Federal Reserve FOMC members vote on where to set […]
EUR/USD trades below 0.9535 as US dollar recovers
EUR/USD trades below 0.9535 as US dollar recovers EUR/USD updated another 20 years low last month, lowest at 0.9535. This was followed by a correction, and the pair came close to the equality level on Tuesday, October 04, rising to 0.9999. However, the happiness of the bulls was short, followed by another reversal to the […]
A Turning Point for Policy
A Turning Point for Policy The RBA surprised markets this week by slowing the pace of rates increase, opting for a 25bp move against expectations of a 50bp increase. Meanwhile, the RBNZ continued to show a heavy hand against domestic inflation pressures, having delivered a fifth consecutive 50bp rate hike. In explaining their decision to […]
Upcoming Market Updates: USD, JPY, AUD, CHF, EUR, GBP, CHF, CAD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: USD, JPY, AUD, CHF, EUR, GBP, CHF, CAD USD: FOMC Member Waller Speaks, Federal Reserve FOMC members vote on where to set the nation’s key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy. USD: FOMC Member Mister Speaks, Federal Reserve FOMC […]
U.S. Dollar Index Overview
U.S. Dollar Index Overview The USD was the most strongest currency yesterday, supported by rising US yields and softer import/export data. And whilst the prices paid component of the ISM services PMI softened to a 20-month of 68.8, it remains historically high relative to its long-term average of 59.8- which suggests the aggressive Fed tightening […]
The RBNZ Hiked by 50bp – But a 75bp Hike was Considered
The RBNZ Hiked by 50bp – But a 75bp Hike was Considered The RBNZ increased for an eight consecutive meeting to take interest rates to 3.5%. Highlights from the meeting:- Inflation is currently too high and employment is beyond its maximum sustainable level. A lower New Zealand dollar, if sustained, poses further upside risk to […]
Oil Prices Mixed as Markets Digest OPEC+ Supply Cut
Oil Prices Mixed as Markets Digest OPEC+ Supply Cut OPEC meeting tomorrow to determine what should be done about the amount of crude oil that is supplies to the market. Two weeks ago, the talk looked like to be whether the countries should do anything at all. However, as the price of oil continues to […]
Recession Fears: The Ukraine war is affecting markets
Recession Fears: The Ukraine war is affecting markets The Ukraine ware is affecting markets around the world and generating extreme volatility. Worries over inflation in Europe have been brewing even before Russia war with Ukraine in February. While some considered it was temporary, others warned that it was a sign of a deeper crisis. Now, […]
Upcoming Market Updates: JPY, AUD, CHF, EUR, GBP, CAD, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: JPY, AUD, CHF, EUR, GBP, CAD, USD JPY: BOJ Summary of Opinions, It’s the primary tool the BOJ uses to communicate their economic and monetary projections to investors. JPY: Tankan Manufacturing Index, it measures Level of a diffusion index based on surveyed large manufacturers. JPY: Tankan Non-Manufacturing Index, it measures […]
EUR/USD Climbs on German CPI and BoE Lead
EUR/USD Climbs on German CPI and BoE Lead The Bank of England’s intervention has clamed the bond markets somewhat with production coming down not just in UK, but eurozone and US too. As a result, we are seeing bearish speculators eased off the gas a little, and this is providing some relief for beaten-down currencies […]
Upcoming Market Updates: NZD, JPY, AUD, GBP, CHF, EUR, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, JPY, AUD, GBP, CHF, EUR, USD NZD: Building Consents m/m, it measures Change in the number of new building approvals issued. JPY: Unemployment Rate, it measures Percentage of the total work force that is unemployed and actively seeking employment during the previous month. JPY: Prelim Industrial Production m/m, it […]
NZ business sentiment is less dire, RBNZ hint at rate cycle high
NZ business sentiment is less dire, RBNZ hint at rate cycle high Business outlook is now -37.6, up 25.9 points higher than the June low. Business outlook rose for a third month and at its fastest m/m pace since December 2020. Activity outlook rose from-4 to -1.8. Import intentions expanded for a second month. A […]
Upcoming Market Updates: NZD, EUR, GBP, CHF, CAD, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, EUR, GBP, CHF, CAD, USD NZD: ANZ Business Confidence, it measures Level of a diffusion index based on surveyed manufacturers, builders, retailers, agricultural firms, and service providers. EUR: Spanish Flash CPI y/y, it measures Change in the price of goods and services purchased by consumers. GBP: MPC Member Ramsden […]