Upcoming Market Updates: NZD, AUD, EUR, CAD, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, AUD, EUR, CAD, USD NZD: CPI q/q, it measures Change in the price of goods and services purchased by consumer. AUD: RBA Deputy Gov Bullock Speaks, She’s responsible for advising Reserve Bank Board members – who decide where to set the nation’s key interest rates – on matters relating […]
EUR/USD displays a rangebound structure around 0.9700 ahead of US Inflation
EUR/USD displays a rangebound structure around 0.9700 ahead of US Inflation EUR/USD moved sideways along the 0.9700 horizon as markets waited for the release of US inflation data last week. October 14th the Department of Labor Statistics of the country published fresh values of the Consumer Price Index, which exceeded the forecast values. In monthly […]
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 […]
Upcoming Market Updates: NZD, USD, GBP, JPY, AUD, EUR, CHF, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, USD, GBP, JPY, AUD, EUR, CHF, USD NZD: FPI m/m, it measures Change in the price of food and food services purchased by households. USD: FOMC Member Bowman Speaks, Federal Reserve FOMC members vote on where to set the nation’s key interest rates and their public engagements are often […]
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 […]
Currency Pair of the Week: GBP/USD
Currency Pair of the Week: GBP/USD GBP/USD is one of the most popular pairs to discuss over the last month. When Chancellor Kwasi Kwarteng announced the plans for Prime Minister Truss’s new mini-budget program, markets were concerned as to where the money would come to fund it. The Bank of England had been slowly raising […]
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 […]
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 […]
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 […]
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 […]
US Housing data, Core PCE inflation
US Housing data, Core PCE inflation The slowing US housing market is making alive some memories from the 200—2009 great recession but there is some confusion about whether it’s a red flag for the economy these days. New home sales have been trending downwards so far this year and the August reading is expected to […]
EUR/USD approaches 0.9600 lows as recovery loses
EUR/USD approaches 0.9600 lows as recovery loses There was a sharp movement in euro which may be missed. The single currency dropped to a fresh low on the year against the greenback, reaching a low of 0.9551 before bouncing back to hit 0.9700, from where it has since drifted back lower. The EUR/USD has now […]
Upcoming Market Updates: GBP, JPY, EUR, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: GBP, JPY, EUR, USD GBP: Rightmove HPI m/m, It’s a leading indicator of the housing industry’s health because rising house prices attract investors and spur industry activity. JPY: Flash Manufacturing PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. EUR: German Buba […]