In the Half Year Economic and Fiscal Update, the New Zealand Treasury has forecasted three-quarters of a shrinking economy starting in the second quarter of 2023. Key notes Lifts planned bond issuance by nz$18bln over 4 years. Forecasts … [Continue reading]
NZD/USD is creeping lower into the closing hours of Wall Street
NZD/USD bears move in as profit-taking ensues. The markets will look to he the NZ Half Year Economic and Fiscal Update on Wednesday and the Fed. NZD/USD is higher by some 1.29% on the day as the markets take profits following a volatile … [Continue reading]
USD/JPY falls more than 250 pips after US CPI
US inflation slows more than expected in November. Japanese yen soars across the board following the report. USD/JPY drops below 135.00 to one –week lows. The USD/JPY collapsed after the release of US inflation data. The pair dropped from 137.60 to … [Continue reading]
BOE: Financial pressures on UK companies expected to rise in 2023
In its latest Financial Stability Report, the Bank of England (BOE) said that financial pressures on UK companies, especially for smaller firms, are expected to rise in 2023. Additional takeaways as summarized by Reuters "Risk of global debt … [Continue reading]
USD/JPY treads water below 138.00 as US Dollar, Treasury bond yields struggle ahead of US inflation
USD/JPY remains sidelined after rising to an eight-day high. Treasury bond yields snap four-day uptrend, US Dollar stays depressed. Mixed concerns surrounding US CPI, challenges for BOJ’s pivot restrict immediate USD/JPY moves. USD/JPY traders … [Continue reading]
Gold Price Forecast: XAU/USD shines above $1,780 amid volatile US Dollar, spotlight is on US CPI
Gold price has sensed decent demand after dropping below $1,780.00 as the US Dollar has turned volatile. S&P500 futures recovered vigorously as investors shrugged off inflation expectations-inspired uncertainty. A decline in US one-year inflation … [Continue reading]
Shiba Inu price remains bound to a downtrend under these on-chain metrics
Shiba Inu price declined by 8% before quickly producing a countertrend defense. On-chain metrics show exchanges have increased the SHIB supply by 5 trillion tokens. A breach above $0.00000932 is needed to consider aiming for bullish … [Continue reading]
United States 3-Year Note Auction: 4.093% vs previous 4.605%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
EU’s von der Leyen: Our energy supply is safe for this winter
European Commission President Ursula von der Leyen said in a press conference on Monday that Europe's energy supply will be safe this winter, as reported by Reuters. "Despite the action that we have taken, we might still face a gap of up to 30 … [Continue reading]
Forex Today: Markets turn cautious to start the big central bank week
Here is what you need to know on Monday, December 12: Markets seem to have turned cautious at the beginning of the week with participants staying on the sidelines ahead of this week's eagerly-awaited central bank policy announcements and high-tier … [Continue reading]