NZ CPI Review: OCR Now Expected to Peak at 5%
NZ CPI Review: OCR Now Expected to Peak at 5% It is expected that the official Cash Rate to reach a peak of 5% for this cycle and also a 75 basis point hike to 4.25% at the upcoming November Monetary Policy Statement, a step up from the 50 basis point increases in the last […]
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 […]
Upcoming Market Updates: NZD, JPY, EUR, GBP, CAD, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text][vc_row][vc_column width=”1/1″][vc_column_text] Upcoming Market Updates: NZD, JPY, EUR, GBP, CAD, USD NZD: Business NZ Manufacturing Index, it measures Level of a diffusion index based on surveyed manufacturers. JPY: M2 Money Stock y/y, it measures Change in the total quantity of domestic currency in circulation and deposited in banks. EUR: German WPI m/m, it measures […]
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: GBP, AUD, JPY, GBP, EUR, USD, CHF
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: GBP, AUD, JPY, GBP, EUR, USD, CHF GBP: BRC Retail Sales Monitor y/y, it measures Change in the value of same-store sales at the retail level. AUD: Westpac Consumer Sentiment, it measures Change in the level of a diffusion index based on surveyed consumers. JPY: Current Account, it measures Difference […]
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 […]
Upcoming Market Updates: USD, JPY, AUD, CHF, EUR, GBP, CHF, CAD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: USD, JPY, AUD, CHF, EUR, GBP, CHF, CAD USD: FOMC Member Waller Speaks, Federal Reserve FOMC members vote on where to set the nation’s key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy. USD: FOMC Member Mister Speaks, Federal Reserve FOMC […]
Upcoming Market Updates: AUD, NZD, EUR, GBP, USD, CAD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: AUD, NZD, EUR, GBP, USD, CAD AUD: AIG Construction Index, it measures Level of a diffusion index based on surveyed construction companies. NZD: ANZ Commodity Prices m/m, it measures Change in the global price of exported commodities. AUD: Trade Balance, it measures Difference in value between imported and exported goods […]
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 […]
Oil Prices Mixed as Markets Digest OPEC+ Supply Cut
Oil Prices Mixed as Markets Digest OPEC+ Supply Cut OPEC meeting tomorrow to determine what should be done about the amount of crude oil that is supplies to the market. Two weeks ago, the talk looked like to be whether the countries should do anything at all. However, as the price of oil continues 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 […]
Upcoming Market Updates: NZD, JPY, AUD, GBP, CHF, EUR, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, JPY, AUD, GBP, CHF, EUR, USD NZD: Building Consents m/m, it measures Change in the number of new building approvals issued. JPY: Unemployment Rate, it measures Percentage of the total work force that is unemployed and actively seeking employment during the previous month. JPY: Prelim Industrial Production m/m, it […]
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 […]