In its latest monetary policy decision, the Reserve Bank of New Zealand (RBNZ) has opted to maintain the Official Cash Rate (OCR) at 5.5%, citing persistent inflationary pressures that have slowed the anticipated decline in domestic inflation. This decision aligns with the bank’s cautious stance amid an uncertain economic environment, despite the easing capacity pressures…
We may be seeing the end of the first up leg of the halving dividend for bitcoin. Absent any fresh catalyst to push crypto currencies higher we may fail to see a new high. We have little fresh catalyst to move crypto with most of the events that could be hyped already past. The only…
There has been limited news out of Japan of late with much of the recent swings for USDJPY more about whats happening in the US and consequently the dollar. The latest plunge of the pair has been on weak US economic data of late yet these numbers are not actually enough to convince the Fed…
The Reserve Bank of New Zealand (RBNZ) is set to announce its decision on the Official Cash Rate (OCR) this Wednesday, with the market and analysts widely expecting the rate to remain steady at 5.5%. This decision comes at a critical time when the RBNZ is balancing persistent inflation concerns with signs of economic softening….
We have little in the way of a catalyst for oil at the moment with no actual rate cuts happening to potentially spur demand. Though supply side news if more of a curiosity as Russia latest oil find in the Antarctic is not something that could easily be developed. Though overall if things were to…
The British Pound saw a brief peak above 1.27094 against the Dollar before spending the rest of Monday in its earlier consolidation zone. We have little to watch out for as potential catalyst to drive Cable with mostly jaw boning from FOMC members and the BoE’s Andrew Bailey at 1700GMT. Next key data for the…
Euro has been indecisive against the dollar following its bullish breakout Wednesday on poor US data and easing inflation concerns. With Germany and France on a Holiday for Pentecost Monday trading was mostly muted at the start of the week giving us a lower high. Ahead we continue to see a clear calendar data wise…
This week, financial markets are adjusting to various macroeconomic signals from major economies, particularly the United States and the Eurozone. Here’s what to expect: USD Dynamics and Federal Reserve Outlook The dollar experienced a dip last week, with the dollar index falling to 104.1 but recovering slightly to close around 104.4. This movement was influenced…
We appear to be in the process of getting a halving dividend for bitcoin as prospects of an easing in the US is fueling speculation of more entrants to the crypto sphere. This said any actual action from the Fed would not be until June 12 and even then we do not really expect a…
Aussy’s rally Wednesday has taken us through a resistance zone built over the course of the year. The idea seems to be that interest rate differentials between Australia and the US is set to contract soon following weak US economic data and moderate inflation. Note that this gap in interest rates following the previous aggressive…