RBA unmoved, RBNZ up next as stocks and tech suffer
Overnight Headlines *US stocks sold off, closing at their lowest since July *USD eased versus its peers, but is in the green today *Oil jumped +2.5% to a three-year…
Read More »NZD/USD May Swing on China PMIs, ANZ Business Confidence, US Debt Ceiling
The New Zealand Dollar looks set for a busy day as several economic events approach. Meanwhile, risk trends are in focus as China's energy woes continue and the United States…
Read More »Commodities and oil hit new highs
Overnight Headlines *USD remained near recent highs above 93 *US stocks closed mixed after a volatile week *The Vix fell below 18 as risk sentiment improved *Oil is higher for…
Read More »NZD/USD Struggles as RBNZ Hike Bets Dim. Australian Retail Sales, Chinese Data Near
The New Zealand Dollar is struggling to gain strength after traders cut RBNZ rate hike bets this past week. Today offers potential event risk through China's industrial profits and Australia's…
Read More »Relief rally after full blown selloff
Overnight Headlines *USD pulled back form the March high at 93.43, lower this morning *US stocks dropped below key SMAs before pulling back *Vix spiked close to 30, currently trading…
Read More »New Zealand Dollar Forecast: NZD/USD Eyes China Credit Risk After PSI Miss
The New Zealand Dollar is off to a weak start as APAC trading commences. It's a busy week ahead, with several central bank decisions on tap, but Chinese real estate…
Read More »New Zealand Dollar Outlook: NZD/USD Drops on US Dollar Bids, Wall Street Losses
The New Zealand Dollar fell going into Friday's APAC session after risk aversion took hold in the US trading session. Safe-haven US Dollar bids weighed on NZD/USD.
Read More »Powell prolongs stimulus punchbowl
Overnight Headlines *USD broadly weakened and is below trendline support *US stocks closed mostly at record highs post Powell’s dovish tone *Gold benefitted form a softer dollar and gained 1.4%…
Read More »ECB and PEPP in focus
USD is gaining for a fourth straight day today, after moving modestly higher yesterday. EUR found support at the mid-August high and 50-day SMA around 1.18 ahead of the ECB…
Read More »New Zealand Dollar Forecast: NZD/USD May Fall After Weak Economic Data
The New Zealand Dollar may see some weakness versus the US Dollar after data showed that electronic card spending fell in New Zealand last month as Covid lockdowns hit consumption.
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