Key Points This Week
Market Overview:
Key Points:
- Non-Farm Payrolls
- EU/US Inflation
- China/German/US/Australia/US Trade Data
- RBA/Bank of Canada Rate Decisions
- Jackson Hole Symposium/BRICS Summit
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Market Overview:
Key Points:
The NZD has weakened against most major currencies and the Australian Dollar travelled only marginally better. The cross rate has fallen back to 0.9150 and downward pressures will likely continue. The RBA meet this week and are likely to resume interest rate cuts, now the election has been decided. Current Level: 1.0840 Resistance: 1.1000 Support:…
Contact us for a free online quote Headlines surrounding the Coronavirus sent markets into a risk off tone Wednesday sending the NZD and Aussie currencies lower. Markets fears eased into Thursday when Chinese officials talked down concerns but further attempts to calm investor confidence failed into Friday with more deaths and reported cases. Equity markets and…
Market Overview Key Points: • Worldwide coronavirus cases surpass 217.777 million with over 4.522 million official deaths. • New Zealand has 562 community cases of coronavirus with 53 new cases announced yesterday. Meanwhile, the Australian State of New South Wales had 1290 new cases yesterday with Victoria 76. • Japan Industrial Production for July -1.5%…
Worldwide coronavirus cases surpass 107.2 million with over 2,345,000 official deaths. US Equity markets continued to register record levels over the past week. While the market awaits the passage of the $1.9 Trillion US bailout bill, Treasury secretary Yellen says the US could hit full employment next year if the stimulus bill is passed, potentially…
The New Zealand Dollar (NZD) has held up around 0.5900 levels most of the week against the US Dollar (USD) in volatile trading. US Inflation is back in causing the Fed problems, rising in the August month by 0.6% and shifting the year-on-year figure from 3.6% to 3.7%, the second rise in a row. The…
Contact us for a free online quote Currency markets have continued to broadly fall lower this week off the back of weak data, trade tensions and general uncertainty around Brexit. The Trump administration, after winning a World Trade Organisation ruling (WTO), will press ahead with imposing tariffs on a range of imported products from the EU…