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 […]
Upcoming Market Updates: NZD, GBP, EUR, USD
Upcoming Market Updates: NZD, GBP, EUR, USD NZD: Business NZ Manufacturing Index, it measures Level of a diffusion index based on surveyed manufacturers. NZD: FPI m/m, it measures Change in the price of food and food services purchased by households. GBP: GDP m/m, it measures Change in the total value of all goods and services […]
Weak US CPI, EUR/USD
Weak US CPI, EUR/USD It was the sort of movement which was needed. The most anticipated US inflation report lived up to expectations in terms of market impact as the dollar plunged and everything else went up, including all foreign currencies, gold ,BTC, and stocks. Among the majors, the EUR/USD has finally broken out 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 […]
Upcoming Market Updates: GBP, AUD, JPY, USD
Upcoming Market Updates: GBP, AUD, JPY, USD GBP: BRC Retail Sales Monitor y/y, it measures Change in the value of same-store sales at the retail level. GBP: M2 Money Stock y/y, it measures Change in the total quantity of domestic currency in circulation and deposited in banks. AUD: Westpac Consumer Sentiment, it measures Change in […]
Upcoming Market Updates: AUD, JPY, AUD, EUR, GBP, CHF, CAD, USD
Upcoming Market Updates: AUD, JPY, AUD, EUR, GBP, CHF, CAD, USD AUD: AIG Services Index, it measures level of a diffusion index based on surveyed service-based companies. JPY: Average Cash Earnings y/y, it measures Change in the total value of employment income collected by workers. JPY: Household Spending y/y, it measures Change in the inflation-adjusted […]
The Reserve Bank of Australia (RBA) Monetary Policy Meeting
The Reserve Bank of Australia (RBA) Monetary Policy Meeting Australia dollar got strong yesterday and AUD/USD was trading at 0.7030 which was up 0.57% on the day. Reserve Bank of Australia is having a meeting today and it is expected that it will deliver an increase of 0.50%bp, which will bring the Cash rate to […]
Upcoming Market Updates: JPY, AUD, GBP, CHF, EUR, CAD, USD
Upcoming Market Updates: JPY, AUD, GBP, CHF, EUR, CAD, USD JPY: Monetary Base y/y, it measures change in the total quantity of domestic currency in circulation and current account deposits held at the BOJ. AUD: Building Approvals m/m, it measures change in the number of new building approvals issued. JPY: 10-y Bond Auction, it measures […]
The US Economy || US rate hike cycle concludes in 2022
The US Economy || US rate hike cycle concludes in 2022 Last week was very active for global rebirth in risk appetite despite a run of data which pointed to deteriorating US economic growth. This is because the softer tone of US data and the FOMC’s acceptance of it implies a reducing risk of the […]
Upcoming Market Updates: NZD, AUD, EUR, USD
Upcoming Market Updates: NZD, AUD, EUR, USD NZD: ANZ Business Confidence, it measures level of a diffusion index based on surveyed manufacturers, builders, retailers, agricultural firms, and service providers. AUD: Import Prices q/q, it measures change in the price of goods purchased by importers. AUD: Retail Sales m/m, it measures change in the total value […]
Upcoming Market Updates: GBP, AUD, EUR, CHF, USD
Upcoming Market Updates: GBP, AUD, EUR, CHF, USD GBP: BRC Shop Price Index y/y, it measures change in the price of goods purchased at BRC-member retail stores. AUD: CPI q/q, it measures change in the price of goods and services purchased by consumers. AUD: Trimmed Mean CPI q/q, it measures change in the price of […]
EUR/USD – Euro US Dollar
EUR/USD – Euro US Dollar Last week the European currency showed a slight growth to a high of 1.0272. Reason behind this was the most banal corrective rebound of EUR/USD breaking the equality level of 1.0000, the bottom at 0.9951 on 14th of July, the resumption of Russian gas supplies to Europe and the most […]
European Central Bank Interest Rates
European Central Bank Interest Rates The European Central Bank also joined the global rate hike on yesterdays announcement, announcing a larger then expected 50 bps deposit rate increase, to 0.00%. The ECB said a further normalization of interest rates could be expected at upcoming meetings. ECB also approved the Transmission Protection Instrument, a tool aimed […]
Dollar Index Looks Unstoppable now
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Dollar Index Looks Unstoppable now On Friday afternoon the new highs rose to 107.6, on the start of European trading session it went 107.45. Since Oct 2002 this was the highest rate and the index added around 20% to its 2021 low. This is a positive secondary effect for the US(strengthening of dollar), […]
Gold Prices Approach Potential Support as US Dollar
Gold Prices Approach Potential Support as US Dollar NZD: Visitor Arrivals m/m, it measures change in the number of short-term overseas visitors who arrived in the country. GBP: BRC Retail Sales Monitor y/y, it measures change in the value of same-store sales at the retail level. JPY: PPI y/y, it measures change in the price […]
USD/JPY oversteps 137.00 as odds of further divergence in Fed-BOJ policy escalate
USD/JPY oversteps 137.00 as odds of further divergence in Fed-BOJ policy escalate JPY: Core Machinery Orders m/m, it measures change in the total value of new private-sector purchase orders placed with manufacturers for machines, excluding ships and utilities. JPY: M2 Money Stock y/y, it measures change in the total quantity of domestic currency in […]
Euro Price Action Setups: EUR/USD, EUR/JPY, EUR/CHF, USD/GBP
Euro Price Action Setups: EUR/USD, EUR/JPY, EUR/CHF, USD/GBP AUD: AIG Services Index, it measures level of a diffusion index based on surveyed service-based companies. AUD: Trade Balance, it measures difference in value between imported and exported goods and services during the reported month. JPY: 30-y Bond Auction, it measures average yield on a 30-year bond […]