New Zealand Q2 GDP Beats Expectations
New Zealand Q2 GDP Beats Expectations New Zealand’s GDP rebound by 1.7% in the second quarter, close to the forecast and the RBNZ’s expectation. Services grew strongly as tourists started to return. New Zealand’s GDP rose bu 1.7% on the June Quarter, much in line with 1.6% forecast, as well as the 1.8% rise that […]
Upcoming Market Updates: NZD, JPY, AUD, EUR, GBP, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, JPY, AUD, EUR, GBP, USD NZD: GDP q/q, it measures Change in the inflation-adjusted value of all goods and services produced by the economy. JPY: Trade Balance, it measures Difference in value between imported and exported goods during the reported month. AUD: MI Inflation Expectations, it measures Percentage that […]
What will happen to GBP/USD if the UK surprises with higher CPI?
What will happen to GBP/USD if the UK surprises with higher CPI? US released its August CPI report. The headline was 8.3% YoY and expectation of 8.1% YoY and a July reading of 8.5% YoY. Headline inflation is decreasing. However, the Core CPI print for August was 6.3% YoY vs an expectation of 6.1% […]
Upcoming Market Updates: NZD, JPY, GBP, EUR , USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, JPY, GBP, EUR , USD NZD: Current Account, it measures Difference in value between imported and exported goods, services, income flows, and unilateral transfers during the previous quarter. JPY: Core Machinery Orders m/m, it measures Change in the total value of new private-sector purchase orders placed with manufacturers for […]
Silver outshines gold as dollar slips | Xtreamforex
Silver outshines gold as dollar slips | Xtreamforex The new week has started with a bang for risk-sensitive assets, including stocks and metals. Silver had risen around 5% so far on the day, and was leading other metals higher. Gold was also up, but not as impressively as silver, with the yellow metal looking to […]
Upcoming Market Updates: NZD, JPY, AUD, EUR, GBP, CHF, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, JPY, AUD, EUR, GBP, CHF, USD NZD: FPI m/m, it measures Change in the price of food and food services purchased by households. JPY: BSI Manufacturing Index, it measures Level of a diffusion index based on surveyed large manufacturers. JPY: PPI y/y, it measures Change in the price of […]
EUR/USD faces barricades around 0.9863, focus shifts to US Inflation data
EUR/USD faces barricades around 0.9863, focus shifts to US Inflation data The past week was marked by two important events. The EUR/USD pair updated its 20-year low on Tuesday, September 6th once again, falling to 0.9863. And then the European Central Bank raised its key interest rate for the first time in its history by […]
Upcoming Market Updates: JPY, EUR, GBP, CAD, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: JPY, EUR, GBP, CAD, USD JPY: M2 Money Stock y/y, It’s positively correlated with interest rates – early in the economic cycle an increasing supply of money leads to additional spending and investment, and later in the cycle expanding money supply leads to inflation. EUR: French Industrial Production m/m, it […]
USD/CNH – US Dollar Chinese Yuan Offshore News
USD/CNH – US Dollar Chinese Yuan Offshore News Another news from China which is not good. It is nation’s trade disappointing figures expectation. The yuan fell further, USD/CNH to almost 7.0000. The poor imports figure in particular raised concerns about how weak the Chinese economy has become as it faces troubles. These include the ongoing […]
Upcoming Market Updates: NZD, GBP, JPY, AUD, EUR, CHF, USD, CAD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, GBP, JPY, AUD, EUR, CHF, USD, CAD NZD: Manufacturing Sales q/q, it measures Change in the total value of sales at the manufacturing level. GBP: RICS House Price Balance, it measures Level of a diffusion index based on surveyed property surveyors. JPY: Current Account, it measures Difference in value […]
Upcoming Market Updates: AUD, JPY, EUR, GBP, CHF, EUR, CAD, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: AUD, JPY, EUR, GBP, CHF, EUR, CAD, USD AUD: AIG Construction Index, it measures Level of a diffusion index based on surveyed service-based companies. AUD: GDP q/q, it measures Change in the inflation-adjusted value of all goods and services produced by the economy. JPY: Leading Indicators, it measures Level of […]
Liz Truss Defeats Rishi Sunak To Become New UK PM
Liz Truss Defeats Rishi Sunak To Become New UK PM Liz Truss will become the new UK prime minister on Tuesday after defeating Rishi Sunak in the Tory leadership contest today. The result was closer thank many people had expected, with Truss taking 57% of votes cast. The markets hardly reacted to the news, not […]
Upcoming Market Updates: AUD, NZD, CHF, EUR, GBP
Upcoming Market Updates: AUD, NZD, CHF, EUR, GBP AUD: AIG Construction Index, it measures Level of a diffusion index based on surveyed construction companies. AUD: MI Inflation Gauge m/m, it measures Change in the price of goods and services purchased by consumers. NZD: ANZ Commodity Prices m/m, it measures Change in the global price of […]
Inflation rate of 8.8% expected in August 2022
Inflation rate of 8.8% expected in August 2022 The statistics released from 30th August turned out to be quite close to market expectations. The harmonized consumer price index in Germany, was 8.8% with the forecast of 8.8%. The consumer price index in the Eurozone amounted to 9.1% instead of expected 9.0%.The index of business activity […]
What’s next for AUD/USD
What’s next for AUD/USD RBA board meeting will take place next week and an increase in Cash rate is expected, How much ? It’s a question. RBA discussion in June brought a hawkish element to the RBA’s monetary policy, noting that the current level of the cash rate is well below the estimated neutral rate, […]
Eurozone Consumer Price Index (CPI) YoY
Eurozone Consumer Price Index (CPI) YoY The ECB is expected to raise the interest rate on their next meeting on 7th Sep. The discussion is that if the rates will be increased by 50bps or 75bps ? ECB members have been preparing the markets for what could be a potential 75bps hike, despite the possibility […]
Upcoming Market Updates: NZD, GBP, JPY, NZD, AUD, EUR, USD
Upcoming Market Updates: NZD, GBP, JPY, NZD, AUD, EUR, USD NZD: Building Consents m/m, it measures Change in the number of new building approvals issued. GBP: BRC Shop Price Index y/y, it measures Change in the price of goods purchased at BRC-member retail stores. JPY: Prelim Industrial Production m/m, it measures Change in the total […]
Australia Retail Sales Growth at 4-Month High
Australia Retail Sales Growth at 4-Month High The ABS initial estimates of official retail showed a much stronger than expected 1.3% gain in July. That compares to a low rise of 0.2% in June and marks the strongest monthly gain since March. The consensus forecast was of a 0.3% rise The detail shows a broad-based […]