EURUSD Dives Towards 1.0800

Market in crisis mode after Friday’s US labour report An RNBZ rate cut could be on the cards if data weakens China’s problems hamper progress in the region Kiwi in desperate need of good data prints Markets in disarray With the market digesting last week’s events, especially Friday’s US labour market report that triggered discussions […]

USDJPY remains constructive on Friday and attempts to further extend Thursday’s strong bounce, with recovery being supported by signals of a double bear-trap, following a false break below pivotal Fibo support at 156.04 and thin daily cloud (spanned between 155.83 and 155.50). Rising and thickening daily cloud also underpins near-term action, however, headwinds are still […]

Markets German bunds underperformed US Treasuries in the wake of yesterday’s ECB policy meeting. Rates rose between 2.2 and 4.4 bps. The central bank cut rates by 25 bps for the first time in five years but still-high domestic price pressures and elevated wage growth mean it has to tread carefully down the easing path. […]