Dollar Strengthens Following Positive Manufacturing Data

Markets As US and UK markets were closed yesterday, directional guidance for trading on European markets solely had to come from domestic sources. German IFO Business climate printed softer than hoped for after last week’s strong PMIs. The overall index stabilized (89.3) as better expectations were neutralized by an, albeit modest, setback in the current […]

We expect the RBNZ to leave the OCR at 5.5%. We expect a short statement as with the April Review. The RBNZ will emphasise the upside risks to consumer spending and inflation emanating from the less contractionary than expected Budget 2024. But they will balance this with some dovish messages associated with potential downside risks […]

US 30 index in bearish mode in very short-term MACD and stochastics indicate negative correction The US 30 cash index has lost its positive momentum after the pullback from the all-time high of 39,985.85, easing beneath the 50-day simple moving average (SMA). In the short-term, the market could retain the range-bound trading as the MACD is falling […]