Upcoming Market Updates: NZD, JPY, EUR, USD
Upcoming Market Updates: NZD, JPY, EUR, USD NZD: RBNZ Gov Orr Speaks, As head of the central bank, which controls short term interest rates, he has more influence over the nation’s currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy. […]
Additional China stimulus helps stimulate the Aussie
Additional China stimulus helps stimulate the Aussie After problem in the housing market and a recent bout of poor data from China, including weak retails Sales and Industrial Production, China has implemented several polices to help the beleaguered sectors. Earlier this week, China announced plans for $29 Billion in special loans to help troubled developers […]
NZD First Impressions: Retail Trade
NZD First Impressions: Retail Trade The volume of goods sold fell by 2.3%. That is lower than the forecast for muted 0.3% rise, and well below the average analyst forecast for a 1.7% gain. Today’s fall follows a 0.9% drop in spending in first quarter, leaving spending volumes down 3% through the first half of […]
Upcoming Market Updates: CAD, USD
Upcoming Market Updates: CAD, USD CAD: Corporate Profits q/q, it measures Change in the total value of pretax net income earned by corporations. USD: Core Durable Goods Orders m/m, it measures Change in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation items. USD: Durable Goods Orders m/m, it […]
EUR/USD Plunging Into Parity as US Dollar
EUR/USD Plunging Into Parity as US Dollar Pair is moving around 1.0100-1.0270 channel for three weeks now. All attempts of the break through to its upper or lower border ended in failure. These attempts continued until 10th August after the publication of data on inflation in the US, the pair went up, turning the level […]
GBP, Conservative Party Elections
GBP, Conservative Party Elections The political backdrop, candidates and expected policies for traders to watch around next month’s UK Conservative Party leadership election, who will be the UK’s next PM ?. Traders generally overestimate the impact of political move’s on market, however, politicians often have to water down their proposals to get them passed through […]
Upcoming Market Updates: NZD, GBP, EUR, CAD
Upcoming Market Updates: NZD, GBP, EUR, CAD NZD: Trade Balance, it measures Difference in value between imported and exported goods during the reported month. GBP: GfK Consumer Confidence, it measures Level of a diffusion index based on surveyed consumers. JPY: National Core CPI y/y, it measures Change in the price of goods and services purchased […]
Upcoming Market Updates: AUD, CHF, EUR, CAD, USD
Upcoming Market Updates: AUD, CHF, EUR, CAD, USD AUD: Employment Change, it measures Change in the number of employed people during the previous month. AUD: Unemployment Rate, it measures Percentage of the total work force that is unemployed and actively seeking employment during the previous month. CHF: Trade Balance, it measures Difference in value […]
Upcoming Market Updates: NZD, JPY, AUD, GBP, EUR, USD
Upcoming Market Updates: NZD, JPY, AUD, GBP, EUR, USD NZD: PPI Input q/q, It’s a leading indicator of consumer inflation – when manufacturers pay more for goods the higher costs are usually passed on to the consumer. NZD: PPI Output q/q, it measures Change in the price of goods sold by manufacturers. JPY: Core […]
Bank Of Canada Inflation on it’s Peak
Bank Of Canada Inflation on it’s Peak Bank Of Canada deputy governor said that obvious inflation is high but it is still far form being too high. Despite CPI has fallen to 7.6% y/y from 8.1% and core CPI is down to 6.1% from 6.2% y/y, the Canadian dollar was higher on the day but […]
Upcoming Market Updates: AUD, JPY, GBP, EUR, CAD
Upcoming Market Updates: AUD, JPY, GBP, EUR, CAD AUD: Monetary Policy Meeting Minutes, It’s a detailed record of the RBA Reserve Bank Board’s most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates. JPY: Tertiary Industry Activity m/m, It’s a leading indicator of economic health […]
August RBNZ Preview and what next for the NZD/USD
August RBNZ Preview and what next for the NZD/USD It is widely expected that the Official Cash Rate will be raised by 50 bp taking the cash rate to 3% in tomorrow’s meeting of Reserve Bank of New Zealand. It will be the RBNZ’s fourth consecutive 50bp hike in a tightening cycle that started in […]
JPY/NZD Weekly Fundamental Forecast: RBNZ Hike May do Little for NZD
JPY/NZD Weekly Fundamental Forecast: RBNZ Hike May do Little for NZD JPY Divergence is increasing on Yen future prices and market positioning. Yen is at it’s 24-year low, net-short exposure is at its least bearish level since March 2021. Over 27k gross shorts were closed over the past two weeks, with 8.5k gross longs added […]
Gold Loses Some Sheen as Hawkish Fed Outweighs Softer Inflation
Gold Loses Some Sheen as Hawkish Fed Outweighs Softer Inflation It’s been difficult for Gold to keep its bullish movement even though inflation data supporting the view that the Fed’s rate hikes are slow. Perhaps a bit of base and stability is needed for gold to gear up for a clean breakout above $1800. After […]
Upcoming Market Updates: NZD, GBP, USD
Upcoming Market Updates: NZD, GBP, USD NZD: Visitor Arrivals m/m, it measures Change in the number of short-term overseas visitors who arrived in the country. GBP: RICS House Price Balance, it measures Level of a diffusion index based on surveyed property surveyors. AUD: MI Inflation Expectations, it measures Percentage that consumers expect the price of […]
USD/CAD: A Tale Of Two Labor Markets
USD/CAD: A Tale Of Two Labor Markets Traders are still trying to digest last week’s US jobs report, but one thing is clear that The US labor market is outperforming Canada’s labor market. Markets are starting to settle into the traditional “Dog Days of Summer” trade, major indices, commodities and currency pairs seeing relatively little […]
Upcoming Market Updates: PY, CNY, EUR, USD
Upcoming Market Updates: PY, CNY, EUR, USD PY: PPI y/y, it measures Change in the price of goods sold by corporations. CNY: PPI y/y, it measures Change in the price of goods purchased and sold by producers. CNY: CPI y/y, it measures Change in the price of goods and services purchased by consumers. EUR: German […]
US CPI Preview: Are we past peak inflation?
US CPI Preview: Are we past peak inflation? Price pressure may show slowing down while the Fed’s preferred Core CPI measure shows that underlying inflation is still rising. Tomorrow the US Bureau of Labor Statistics will release the July Consumer Price Index report. Economists are expecting CPI headline to come in at 0.2% MoM , […]