NZDUSD Poised for Bullish Rotation

The Bank of Canada is widely expected to hold the overnight rate steady at 5% in the first policy decision of 2024 – extending a pause that started following the last hike in July. The statement and press conference that follows will be watched closely for hints about how much longer the central bank expects […]

EUR/JPY gains ground near 155.61 on Wednesday. The cross maintains a bearish outlook below the key EMA; the RSI indicator stands below the 50 midline. The first upside barrier will emerge at 156.38; 155.05 acts as an initial support level for EUR/JPY. The EUR/JPY cross recovers some lost ground above the mid-155.00s during the early […]

Personal income grew 0.2% month-on-month (m/m) in June, down from May’s 0.4% gain, and below market expectations (also 0.4%). Accounting for inflation and taxes, real personal disposable income growth slowed in June, up 0.1% m/m, relative to a 0.3% gain in May (revised down from 0.5% previously). Personal consumption expenditures also geared down slightly in […]