New Zealand Dollar Tumbles to 70 on FOMC
The New Zealand dollar continues to lose ground on Thursday, in the after-shock of the FOMC policy meeting. In the North American session, NZD/USD is trading at 0.7005, down 0.60% on the day. FOMC moves up timeline for rate hikes...
US Open: Wall Street Set to Extend Losses after the Fed’s Hawkish Shift
Stocks are sent to open lower and the USD builds on gains after the Fed surprised the market with a hawkish shift. Jobless claims rose for the first time since April. US futures Dow futures -0.34% at 339213 S&P futures...
Asian Open: Dollar Dominates And Equities Fall On Hawkish Fed
Well, the Fed didn’t wait for the Jackson hole symposium to turn hawkish (from a very dovish base), sending equities, commodities lower and the US dollars higher. Asian Futures: Australia’s ASX 200 futures are up 6 points (0.08%), the cash...
Australian Dollar Higher ahead of Job Data
The Australian dollar has reversed directions on Wednesday and posted slight gains. In the North American session, AUD/USD is trading at 0.7706, up 0.24% on the day. Australian Employment Change expected to rebound Australia’s labor market has been steadily recovering,...
Core Bonds Trade Sideways
Markets Focus was on the US yesterday, with a series of key gauges being released. May retail sales disappointed (though following an upwardly revised April) while (core) factory gate inflation accelerated to a series high (6.6% y/y headline, 5.3% core)....
Euro Continues to Drift ahead of FOMC
The euro is almost unchanged in the Thursday session. In North American trade, EUR/USD is trading at 1.2166, up 0.05% on the day. After a sharp drop on Friday, the pair has been directionless. All eyes on FOMC What can...
US Dollar In Calm Waters
Currency markets consolidate after the US dollar rally Currency markets contented themselves with some consolidation after Friday’s impressive rally. Major currencies traded sideways with UK markets ignoring the extension of pandemic restrictions. The dollar index was almost unchanged at 90.50,...
Loonie Needs Some Help to Return to Gains; Canada CPI on Cards
Canada will announce its inflation data for the month of May at 12:30 GMT on Wednesday. Global economic activity is picking up as COVID-19 incidences decline in many nations and vaccine coverage rises. However, growth is still uneven across the country. Will the loonie move higher...
US Open: Tech Rises, Bond Yields Fall as Investors Await Fed Decision
Tech stocks are set to outperform, bond yields continue to decline ahead of the FOMC. The Fed is expected to maintain its dovish stance. The rotation into value appears to be unwinding with tech once again back in favour. US...
Weekly Economic & Financial Commentary: Growth Comes with a Price
Summary United States: Growth Comes with a Price Whether it is businesses struggling to get their hands on the physical inputs needed to complete production or the labor to facilitate operations, supply continues to have difficulty meeting the robust pace...