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NZD/USD: Rising labour market slack points to soft wages and no more RBNZ rate hikes

NZD/USD is falling in the wake of a soft New Zealand employment report, reinforcing the view that when the RBNZ next moves interest rates, it’s far more likely to be a cut than hike.

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October 31, 2023 10:28 PM
Forex trading

US Housing Market continues to show signs of weakness; USD/JPY

Watching US 10-Year Yields and USD/JPY could give a clue as to the next direction for mortgage rates.

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Philly Fed better than expected, but still negative

If the data continues to be worse than expected, will the US Dollar continue to be uninfluenced by it?

January 19, 2023 05:33 PM

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Philly Fed continues to fall; US Dollar doesn’t seem concerned

US Dollar bears may be looking for higher levels to sell, while EUR/USD bulls may be looking for better levels to buy.

November 17, 2022 05:32 PM
Yen, Euros and dollar currency bills and notes

Bad day for US Data sends US Dollar plunging

Upcoming economic data releases from the US this week includes a slew of housing data and Core PCE.

October 25, 2022 08:03 PM
Yen, Euros and dollar currency bills and notes

Bad day for US Data sends US Dollar plunging

Upcoming economic data releases from the US this week includes a slew of housing data and Core PCE.

October 25, 2022 08:03 PM

NZ business sentiment is less dire, RBNZ hint at rate cycle high

Business sentiment is not as pessimistic as it recently was, and RBNZ governor Orr described the central bank’s tightening cycle as ‘very mature’.

Michigan Consumer Sentiment data as expected. The table is set for the FOMC!

The FOMC meets on Wednesday and is likely to lift the Fed Funds rate by 75bps from 2.5% to 3.25%.

September 16, 2022 05:08 PM
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US data dump shows mixed results; US Dollar treading water

With mixed data from US Retail Sales, the Philly Fed Manufacturing Index, and the NY State Empire Manufacturing Index, the US Dollar has been quiet.

September 15, 2022 04:47 PM
Research

The NFP report could grow in significance again

We’ve seen cracks appearing in the US economy in recent months. So now they’re making their way over to employment reports it puts NFP on high alert for weakness.

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Worse than expected US Manufacturing Production and Industrial Production top off a rough data week

Fed Chairman Powell said he does not see a spillover from the high inflation into the broader economy. Therefore, the Fed excepts to continue hiking rates.

June 17, 2022 04:00 PM
Downward trend

Housing data and Philly Fed results don't inspire much hope for US economy

Jerome Powell said at yesterday’s FOMC press conference that he doesn’t see signs of a broader slowdown in the economy. Will his view change?

June 16, 2022 05:46 PM

Fed Manufacturing Indexes not supporting a strong recovery

Will this data continue to fall? It may depend on whether crude oil remains at elevated levels.

May 26, 2022 08:26 PM
Research

When cracks appear in the rendering, the house doesn’t always win

The housing market has been a bedrock of the US economy during a period of historically low rates. Now those days are over, large cracks are appearing in the rendering.

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May 25, 2022 04:52 AM
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Home buyers were out in full force in September; DXY, EUR/USD

New Home Sales for September MoM were up 14%!

October 26, 2021 09:49 PM

Horrible German data and talk of a new European bond buying program; EUR/USD

If Eurozone data continues to come out weak, the ECB may be forced to compensate for the expiration of the Pandemic Emergency Purchase Program in March 2022 with a new QE program

October 7, 2021 05:21 PM

Is it time for UK data to push GBP/USD above 1.30?

It’s a big week for UK economic data, with inflation on Tuesday, jobs data on Wednesday and retail sales on Thursday. Expectations are rising for a big jump in CPI, a pick up in wage growth and a bounce back in retail sales last month. The question for traders is can this push GBP/USD above 1.30, which has proved a tough ceiling to crack.

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May 15, 2017 08:25 AM

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UK Inflation comment

The UK September inflation figures were slightly stronger than expected, with the annual headline rate rising to its highest level since November 2014. The core […]

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October 18, 2016 11:49 AM

Was the dollar slip-up a one off?

The start of the week was marked by a weaker dollar and a decline in Treasury yields. Even the battered pound has managed to shrug […]

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October 18, 2016 08:10 AM

UK CPI preview: is the inflation genie out of the bottle?

UK inflation data for September is scheduled for release on Tuesday at 0930 BST. The market is expecting prices to rise by an annual 0.9% […]

The top three things traders should look out for:

It’s hump day for the markets, and there have been some key developments that could impact market direction for the next few days. Stocks: Tesco: […]

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October 5, 2016 04:59 PM