Kiwi and Aussie Outlook Ahead of the RBNZ Meeting
The Reserve Bank of New Zealand (RBNZ) is likely to keep rates on hold due to stubbornly high inflation. Rate cuts are still some way off. AUD/USD tests crucial resistance
The Reserve Bank of New Zealand (RBNZ) is likely to keep rates on hold due to stubbornly high inflation. Rate cuts are still some way off. AUD/USD tests crucial resistance
Bitcoin is above $72k to start the week and is looking set to print a new all-time high ahead of the highly anticipated halving event later this month.
Israeli troops have been withdrawn from Southern Gaza in response to the recent backlash. Peace talks also got underway in Egypt at the weekend but progress remains limited
The US dollar has opened the week on the front foot, supported by higher US Treasury yields. A June US rate cut is now seen as 50/50
This week sees crucial US inflation (CPI) data alongside deliberations from the European Central Bank on monetary policy. FOMC minutes may already be out of date
The U.S. dollar lost ground this past week, but the tide could turn back in its favor in the coming days, especially if Wednesday's U.S. inflation report surprises to the upside and triggers a hawkish repricing of interest rate expectations.
USD/JPY advanced on Friday, inching closer to horizontal resistance at 152.00 after strong U.S. jobs data boosted U.S. Treasury yields across the curve.
The latest US NFPs beat expectations by a wide margin, while the closely followed unemployment rate fell. The US dollar gets a bid going into the US open.
Brent crude oil breached the $90 mark after Israel’s latest attack on Iranian targets stoked already elevated tension. Biden calls for immediate Gaza aid amid policy warning
Japanese PM Fumio Kishida put the market on notice today that he will take action if there are any further excessive moves in the value of the Yen.