Market Settings Improved Further on Talk of Gradual Approach in Lifting Tariffs

NZDUSD rises temporarily after slight GDP growth surprise Bulls remain capped below 20-SMA; key support at 0.6085-0.6095 Early Thursday data revealed that the New Zealand economy experienced slightly faster growth than anticipated in Q1. However, NZDUSD rose only a few pips to 0.6164, which were swiftly erased. The bears couldn’t push past the 20-day SMA […]

Canadian Highlights Canada’s economy gained momentum in the latter half of 2024, providing a decent hand-off into the current year. We expect real GDP growth to move closer to a trend-like pace in 2025. The Bank of Canada has more rate cuts in the tank. Lower borrowing costs should continue to support household consumption and […]

Markets are preparing for the Jackson Hole Symposium Eurozone data supports another ECB rate cut PMI surveys for the euro area will be published on Thursday Euro remains on the back foot against the pound The Jackson Hole gathering to break the summer lull Whilst ECB members are probably enjoying their hard-earned holiday break, the […]