The Reserve Bank of New Zealand Downshifted but Still Sees More Hikes Ahead
The RBNZ delivered a smaller hike than the previous record 0.75% move, but remained hawkish and maintained its view that more tightening is needed
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The RBNZ delivered a smaller hike than the previous record 0.75% move, but remained hawkish and maintained its view that more tightening is needed
Watch today’s US Open for commentary on the UK PMI beat that lifted GBP/USD, hawkish minutes by the Reserve Bank of Australia, the narrowing differential between the Fed and the ECB and more
The Canadian trimmed CPI y/y came in at 5.1%, less than the previous 5.3% y/y and below the consensus of 5.2% y/y. This measures consumer inflation but excludes the 40% most volatile items. Core retail sales also declined, printing at -0.6% m/m/ against the -0.1% expected.
The UK services sector expanded in February according to today’s preliminary data, sending the Pound higher
The accounts of this month’s policy decision by Australia’s central bank had a hawkish tone, but the pair is cautious, as markets now brace for a slew of US data and the minutes of the US Fed
The pair is having a bad month and posted another losing week, but managed to avoid new year lows on Friday and now trades with caution ahead of Wednesday’s policy decision by the central bank of New Zealand
FXCM’s USDOLLAR has charted a lower peak followed by a lower trough. This is a defined down trend.
The pair heads towards its best week of the year after this week’s hotter than expected consumer and factory gate inflation from the US, as well as continued hawkish comments by Fed officials
Watch today’s US Open for commentary on the latest data from the US that put pressure on Wall Street, the lower than expected UK inflation and its impact on GBP/USD, the recent earnings releases and more
The pair comes from two straight negative weeks, but tries to stop its losing streak, as it bounces off of critical tech levels
Australian Unemployment rose to the highest in eight months and the pair’s kneejerk reaction was lower, but quickly covered the losses
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