New Zealand Business NZ PMI dipped from previous 57.8 to 56.8 in May

Headlines coming through from Trump’s interview on NBC

NBC news is currently showing a recorded interview with Donald Trump with headlines coming though in relation to the abrupt firing of FBI director Comey. "President Donald Trump, in an exclusive interview Thursday with NBC News' Lester Holt, called ousted FBI chief James Comey ...

US CPI preview: decline in core CPI March transitory – Nomura

Analysts at Nomura expect headline CPI to increase by 0.2% (0.249%) m-o-m in April after dropping in March.  Key Quotes: "Gasoline prices rose moderately in April and higher agricultural commodity prices continue to push up food prices. Our forecast translates into y-o-y inflation of 2.3 ...

AUD/NZD: bid above 1.06? – Westpac

Analysts at Westpac offered their outlook for AUD/NZD and rates. Key Quotes: "1 day: (1.0760) Has found a base for the time being and likely runs into buyers on any near-term weakness back to 1.06 if seen. AUD/NZD 1-3 month: Higher to 1.10. The cross remains well below fair value estimate ...

AUD/USD: headed towards the 2016-2017 support line at 0.7294?

Currently, AUD/USD is trading at 0.7380, up 0.02% on the day, having posted a daily high at 0.7385 and low at 0.7369. AUD/USD is consolidating between 0.7350/80 having made a minor recovery from 0.7330. AUD/USD dropped this week from 0.7425 area with metal prices weighing and a generally stronge ...

RBNZ: no beating around teh bush – ANZ

Analysts at Nomura explained that there was no beating about the bush from the RBNZ yesterday.  Key Quotes: "The message was blunt and summed up by the fact that despite a lower NZD, inflation back at target, inflation expectations rising and the labour market tightening, the RBNZ feel ...

NZD: fundamentals remain positive – Nomura

Analysts at Nomura explained that in terms of the NZD, the more dovish than expected RBNZ looks set to anchor front-end New Zealand interest rates for a while, and this points to a weaker than anticipated near-term outlook.  Key Quotes: "However, we continue to think the RBNZ is to ...

Market wrap: US data was second tier but impressive – Westpac

Analysts at Westpac offered a market wrap. Key Quotes: "Global Market Sentiment: Global markets marked time Thursday, an early lurch toward risk aversion reversed later in the session. All the main US indices were down around 0.7% at their lows but recovered, the S&P500 trimming losses t ...

Peru stocks higher at close of trade; S&P Lima General up 0.69%

Investing.com – Peru stocks were higher after the close on Thursday, as gains in the Industrials, Non-Metal Minerals and Mining sectors led shares higher. At the close in Lima, the S&P Lima General rose 0.69% to hit a new 1-month high. The best performers of the session on the S&P Lima ...

Wall Street closes lower, weighed down by retailers

Major stock indices in the United States performed poorly on Thursday as the shares of department stores came in under a heavy selling pressure after the big retailers announced dismal sales numbers. After two of the largest retailers in the United States, Macy's and Kohl's reporte ...

EUR/USD directionless around 1.0870 ahead of Germany and US data

Although the EUR/USD pair on Thursday fell to its lowest level since April 24 at 1.0840, it remained in a relatively narrow 50-pip trading range ahead of tomorrow's important macro data. As of writing, the pair was trading at 1.0865, only a couple of pips below yesterday's closing level ...

Brazil stocks higher at close of trade; Bovespa up 0.28%

Investing.com – Brazil stocks were higher after the close on Thursday, as gains in the Financials, Real Estate and Electric Power sectors led shares higher. At the close in Sao Paulo, the Bovespa gained 0.28% to hit a new 1-month high. The best performers of the session on the Bovespa were Centrais ...