Monday April 29th All Day JPY Bank Holiday All Day EUR German Prelim CPI m/m Forecast 0.60% Previous 0.40% Tuesday April 30th 1:30pm CNY Manufacturing PMI Forecast 50.3 Previous 50.8 Wednesday May 1 12:30am CAD GDP m/m Forecast 0.30% Previous 0.60% 12:30am USD Employment Cost Index q/q Forecast 1.00% Previous 0.90% 2:00am USD CB Consumer…

NZD/AUD Transfer

The New Zealand Dollar (NZD), Australian Dollar (AUD) trades at a 10-week low this morning around 0.9125 levels. Yesterday’s Aussie CPI release took price from 0.9235 (1.0830) to 0.9125 (1.0960) as fourth quarter inflation published much higher than markets were anticipating. The Q result 1.9% vs 1.6% pushed the year-on-year figure to 7.8% off 7.3%…

NZD/AUD Transfer:

The New Zealand Dollar (NZD) pushed higher Monday extending last week’s run through to 0.9260 (1.0800) levels against the Australian Dollar (AUD). Optimism around the re-opening of China has fallen with China reporting its first deaths in over 6 months. This has impacted on risk and importantly Chinese industrial production and ultimately the Redback. The…

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AUD/GBP

The Australian Dollar (AUD) monstered the British Pound (GBP) off the open yesterday reaching a whopping 0.5640 (1.7730) a 12-month high as conflicts in the Russian war put considerable pressure on the Pound and the UK economy. A corrective move early this morning saw a reversal in the cross to 1.7900 as European leaders said…

Direct FX

FX Update

Worldwide coronavirus cases surpasses 13.935M with over 591,000 deaths officially reported. Risk sentiment was positive during midweek trading sessions off the back of prospects of a vaccine contributing to the good mood. Moderna reported that their vaccine produces neutralising antibodies in chosen patients who received two doses, these were similar to results seen in coronavirus…

Economic Releases

FX Update

Worldwide coronavirus cases surpasses 9.7M with over 490,000 deaths officially reported. The RBNZ left their cash rate unchanged at 0.25% Wednesday at their policy meeting confirming again they would be leaving it for some time. The central bank left their bond purchase program also unchanged at 60B but Orr said they are prepared to provide…