Calendar of Economic Releases
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The Euro (EUR) was under pressure in early week action extending losses from last week through to 0.6010 (1.6635) in early Tuesday before the New Zealand Dollar (NZD) gave back gains to 0.5950 (1.6800) as I write. Risk off moves dominate this morning as equities are down around 1%. Eurozone recession worries have again been…
Tuesday 18/10 1:30AM, USD, Empire State Manufacturing Index Forecast: -4.3 Previous: -1.5 3:30AM, USD, BOC Business Outlook Survey 10:45AM, NZD, CPI q/q Forecast: 1.50% Previous: 1.70% 1:30PM, AUD, Monetary Policy Meeting Minutes 3:00PM, CNY, GDP q/y Forecast: 3.40% Previous: 0.40% 3:00PM, CNY, Retail Sales y/y Forecast: 3.50% Previous: 5.40% Wednesday 19/10 7PM, GBP, CPI y/y…
Consolidation in the New Zealand Dollar (NZD), Australian Dollar (AUD) pair still looks the theme this week after the bull run to 1.0950 (0.9130) collapsed. The past 10 days the cross has been pivoting around the 0.9180 (1.0890) zone with little bias in any direction. The kiwi managed to reach 0.9212 (1.0855) late in the…
Monday November 11th 3:00pm NZD Inflation Expectations q/q Previous | 2.03% All Day EUR French Bank Holiday Tuesday November 12th All Day CAD Bank Holiday All Day USD Bank Holiday 8:00pm GBP Claimant Count Change Forecast | 30.5K Previous | 27.9K Wednesday November 13th 1:30pm AUD Wage Price Index q/q Forecast | 0.90% Previous |…
The Australian Dollar retraced Friday losses against the US Dollar (USD) from the 0.6620 low reaching 0.6740 early Tuesday as “risk” improved. Repricing of Fed expectations late in the week saw the Aussie drop from 0.6820 on strong data releases as the Fed considers hikes, adding downside pressures for the AUD. US Consumer sentiment rose…
The AUD has tumbled against the GBP for the whole of 2024, falling from highs of 0.5350 in January, to trade around today’s 0.5125. Interest rate differentials drive this price action and the Bank of England appear committed to their tight monetary policy. The UK is in recession but has green-shoots of growth, allowing some…