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Overview: The dollar sprang higher yesterday but follow-through buying today has been limited. The little more than 0.5% gain in the Dollar Index was among the largest since mid-March. And...
AUD/USD has now established a new range from 6580/70 up to 6790/6810. A high for the day exactly here on Monday so we remain in the 2-month range.Shorts hit my target & minor support at 6750/45. I...
Dollar rises as Fed survey eases recession fearsRisk-linked currencies gain more on improving sentimentSpotlight turns to US CPI numbersWall Street trades mixed ahead of the dataFed loan survey lends...
US dollar stays on the backfoot even as jobless rate unexpectedly dips in AprilFed rate cut bets still elevated; will inflation data alter anything?US bank stocks rebound but worries persist, debt...
Following the FOMC and ECB decisions last week, the central bank torch will now be passed to the BoE, which will deliver its decision on Thursday. A 25bps hike is mostly priced in, so the spotlight...
First Republic Bank’s shares plunge NZD/USD falls to a one-month low New Zealand releases business confidence on Thursday First Republic Bank woes continueHas the bank crisis resurfaced? There...
The Reserve Bank of New Zealand made another rate hike of 50 points to 5.25%. Contrary to forecasts of a 25-point rate hike and the global trend towards a slowdown in policy tightening, the RBNZ has...
US job openings fall to the lowest since May 2021Wall Street slips as data revives recession fearsGold rallies above $2,000 as Fed pivot bets intensifyNew Zealand dollar rallies after RBNZ hikes by...
Contraction in US manufacturing emboldens bets for Fed cutsDollar slides, stock markets rally with boost from energy sharesRBA hits ‘stop’ button on rates, RBNZ decision coming up next...
With the banking turmoil receding, market participants will turn their attention back to economic releases. The spotlight will fall on the US employment report, where another strong reading could...
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