Upcoming Market Updates: AUD, NZD, CHF, EUR, GBP
Upcoming Market Updates: AUD, NZD, CHF, EUR, GBP AUD: AIG Construction Index, it measures Level of a diffusion index based on surveyed construction companies. AUD: MI Inflation Gauge m/m, it measures Change in the price of goods and services purchased by consumers. NZD: ANZ Commodity Prices m/m, it measures Change in the global price of […]
Inflation rate of 8.8% expected in August 2022
Inflation rate of 8.8% expected in August 2022 The statistics released from 30th August turned out to be quite close to market expectations. The harmonized consumer price index in Germany, was 8.8% with the forecast of 8.8%. The consumer price index in the Eurozone amounted to 9.1% instead of expected 9.0%.The index of business activity […]
What’s next for AUD/USD
What’s next for AUD/USD RBA board meeting will take place next week and an increase in Cash rate is expected, How much ? It’s a question. RBA discussion in June brought a hawkish element to the RBA’s monetary policy, noting that the current level of the cash rate is well below the estimated neutral rate, […]
RBA to Raise the Cash Rate by 50 bps, AUD
RBA to Raise the Cash Rate by 50 bps, AUD Reserve Bank meeting is on 6th September. It is expected that the cash rate will be raised by 50 basis points to 2.35%. The best approach will be to strengthen the statement we saw last month, not on a pre set path and following Chair […]
Upcoming Market Updates: NZD, GBP, JPY, NZD, AUD, EUR, USD
Upcoming Market Updates: NZD, GBP, JPY, NZD, AUD, EUR, USD NZD: Building Consents m/m, it measures Change in the number of new building approvals issued. GBP: BRC Shop Price Index y/y, it measures Change in the price of goods purchased at BRC-member retail stores. JPY: Prelim Industrial Production m/m, it measures Change in the total […]
Second quarter GDP figures are expected to be strong recession signal
Second quarter GDP figures are expected to be strong recession signal Second quarter GDP figures are expected to be strong. Economy is expected to regain the positive momentum and expectations of analysists are of 4.5% compared to 3.1% registered in the first quarter of the year. The monthly reading for June is also expected to […]
Upcoming Market Updates: JPY, AUD, CHF, EUR, GBP, CAD, USD
Upcoming Market Updates: JPY, AUD, CHF, EUR, GBP, CAD, USD JPY: Unemployment Rate, it measures Percentage of the total work force that is unemployed and actively seeking employment during the previous month. AUD: Building Approvals m/m, it measures Change in the number of new building approvals issued. CHF: KOF Economic Barometer, it measures Level of […]
Australia Retail Sales Growth at 4-Month High
Australia Retail Sales Growth at 4-Month High The ABS initial estimates of official retail showed a much stronger than expected 1.3% gain in July. That compares to a low rise of 0.2% in June and marks the strongest monthly gain since March. The consensus forecast was of a 0.3% rise The detail shows a broad-based […]
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. […]
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: NZD, JPY, EUR, GBP, USD
Upcoming Market Updates: NZD, JPY, EUR, GBP, USD NZD: Retail Sales q/q, it measures Change in the total value of inflation-adjusted sales at the retail level. NZD: Core Retail Sales q/q, it measures Change in the total volume of inflation-adjusted sales at the retail level, excluding automobiles and gas stations. JPY: SPPI y/y, it measures […]
GBP/USD – British Pound Jumped US Dollar
GBP/USD – British Pound Jumped US Dollar British pound jumped 0.82% yesterday, as the currency has rebounded from its worst week of the year. GBP/USD went down 2.53% last week, as the USD has found strength after weeks of beating a retreat. GBP/USD climbed yesterday after US New home sales dropped to 511 thousand in […]
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 […]
Upcoming Market Updates: AUD, JPY, EUR, GBP, USD
Upcoming Market Updates: AUD, JPY, EUR, GBP, USD AUD: Flash Manufacturing PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. AUD: Flash Services PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the services industry. JPY: Flash Manufacturing PMI, it measures Level […]
USD CNH | US Dollar Chinese Yuan Offshore
USD CNH | US Dollar Chinese Yuan Offshore The comment from Fed officials last week helped USD to surge and the expectations of 75bps rate hike on the next meeting which will be on 21st September. Last week there was a discussion of Fed officials about how it is premature to worry about the economy […]
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 […]
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 […]