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The Federal Reserve (Fed) meeting went better than many expected. The Fed left interest rates unchanged as planned, but Chair Jerome Powell repeated that the rate cuts will begin ‘sometime this year’ and that it would be appropriate to slow the pace of QT ‘fairly soon’. There is no particular time regarding when the Fed […]

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AUDUSD Advances Sharply in the FOMC Aftermath

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07/08/2024

NZ First Impressions: Labour Market Surveys, Q2 2024

The New Zealand labour market is softening, but wage growth remains on the high side, partly supported by government pay agreements. Unemployment rate: 4.6% (prev: 4.4%, Westpac f/c: 4.7%, RBNZ f/c 4.6%) Employment change (quarterly): +0.4% (prev: -0.3%, Westpac f/c: -0.4%, RBNZ f/c +0.1%) Labour costs (private sector, quarterly): +0.9% (prev: +0.8%, Westpac f/c: +0.7%, […]
26/06/2024

Sentiment Improves Amid Nvidia Recovery, FedEx Earnings

Nvidia selloff didn’t deepen yesterday, on the contrary, the recent end-of-quarter / end-of-the-first-half pullback attracted dip buyers – if you can call it a dip yet – and Nvidia shares ended up jumping by almost 7% in a single session. Yesterday’s jump will certainly help to cool the downside pressure and ease long squeeze worries […]
20/03/2024

GBP/USD Dips as UK Inflation Lower Than Expected

The British pound has extended its losses on Wednesday. In the European session, GBP/USD is trading at 1.2695, down 0.21%. The pound has been on a slide and is down about 1.2% since March 13. UK inflation falls by 3.4% Households in the UK haven’t had much to smile about when it comes to the […]