NZD/USD falls on dovish RBNZ rate hike
The pair declines after the central bank of New Zealand raised rates for a second straight time but offered dovish guidance.
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
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The pair declines after the central bank of New Zealand raised rates for a second straight time but offered dovish guidance.
XAU/USD extends its decline after Fed Chair Warsh offered hawkish signals in his Jackson Hole debut, with markets now pricing in a September hike.
Shares of Salesforce jumped after strong revenue guidance which, alongside a deepening Anthropic partnership, helped mitigate SaaSpocalypse worries - but AI disruption risks do not go away.
USD/KRW slips as the BoK delivers back-to-back hikes to contain inflation driven by the energy shock and the AI boom.
The SPX500 rally stalls as markets look to Nvidia earnings, PCE update and Warsh speech - events that can shape its trajectory and fuel volatility.
Nvidia continues to reap the benefits of the AI boom ahead of its August 26 earnings, but hardware shifts are chipping away at its dominance just as structural risks emerge.
Mounting costs from a memory chip crunch and declining smartphone sales weighed on revenues and profitability, but EV deliveries continued to grow.
The index maintains its momentum after last week's records as markets price in a hold next week and the earnings season has been favourable, but risks linger.
Intel posted another strong quarter on AI demand, but fears over its ability to scale, competition and broader chip industry threats are testing the stock's upside prospects.
The Australian central bank kept rates at 4.35% and lowered its inflation forecasts, weighing on the pair, but does not see inflation returning to the target range this year and kept the door open to more hikes.
Middle East hopes and structural demand drivers are fuelling an XAG/USD recovery, but technical and macro risks linger.
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