Kiwi Jumps As RBNZ Flags Stimulus Exit, ECB Hints Not There Yet, Euro Slips
RBNZ signals 2022 rate hike, kiwi surges, but ECB plays down taper talk, knocking euro US yields edge up from lows after Fed’s Clarida suggests taper debate could begin soon ‘Talking about talking about” tapering doesn’t faze gold as price...
Weekly mortgage demand falls as interest rates move higher
A slight increase in mortgage interest rates was enough to tank refinances and bring down overall demand. Total mortgage application volume fell 4.2% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average...
Kiwi Rallies as RBNZ Suggests that Rate Hike can Come in as Soon as Next Year
The RBNZ delivered a less dovish message in May than a month ago. While leaving all monetary policy measures unchanged, it upgraded the inflation forecast and revised lower the unemployment rate. The central bank also pushed forward the first rate...
NZD Surges on Hawkish RBNZ, Dollar and Yen Pressured
New Zealand Dollar surges sharply today, on surprisingly hawkish RBNZ which started to signal a rate hike. Strength in the Kiwi is somewhat lifting Australian Dollar, and to a lesser extent Canadian. On the other hand, Dollar and Yen are...
Market Morning Briefing: Pound Looks Stable In The 1.42-1.41 Region
STOCKS Equities continue to look broadly positive. Dow remains stable within its 33500-35000 range and is likely to break it on the upside. DAX is attempting to break its 14800-15500 range on the upside as expected and can rise to...
Stock futures rise marginally after Wall Street posts slight decline
The New York Stock Exchange welcomes Lightning eMotors (NYSE: ZEV), on May 24, 2021, in celebration of its transition to a public company. NYSE Stock futures ticked marginally higher in overnight trading after the market rally stalled Tuesday, with major...
US Core PCE Expected to Jump; Can the Fed Turn a Blind Eye?
So far, the surge in US consumer prices has not rattled policymakers at the Fed but an expected jump in PCE inflation – a more closely watched gauge – could reawaken the hawks. The core PCE price index is out...
GBP/USD Outlook: Cable Drops on Weak Data, Strong Rise of EUR/GBP Cross
Cable lost traction on Tuesday and fell around 100 pips, deflated by downbeat CBI survey of the retail sector and strong rise of EURGBP cross. Fresh weakness moves focus to the lower boundary of the range in which the price...
RBNZ Unlikely to Announce Any Policy Shifts; Focus on Any Tapering Hints
The Reserve Bank of New Zealand will be the last central bank to announce its policy decision this month on Wednesday at 02:00 GMT, with a press conference following the rate statement. The Bank is expected to let the current...
Home prices in March saw highest growth in over 15 years, S&P Case-Shiller says
A real estate broker, right, gives a tour for potential home buyers during an open house in Manhattan Beach, California. Patrick T. Fallon | Bloomberg | Getty Images Home prices in March were 13.2% higher in March, compared with March...
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