Initiatives that are positive for the longer-run outlook for China – ANZ

Analysts at ANZ explained that every five years, the Chinese leadership meet at the National Financial Conference to set policy direction.  Key Quotes: "This year’s event deserves more attention as authorities focus on placing more emphasis on financial stability." "Namel ...

Kiwi weaker after Q2 shows weaker CPI than expected

Investing.com - The dollar edged higher in Asia on Tuesday with inflation in New Zealand missing estimates and sending the kiwi down and China house prices ahead in focus. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose by ...

Crude weaker in early Asia as API ahead with Libya output noted

Investing.com - Crude traded weaker in Asia on Tuesday with industry figures on U.S.supplies expected to hold sentiment on further declines as Libyan output nears 1 million barrels per day. U.S. crude oil inventories estimates from the American Petroleum Institute API) are due late Tuesday with ...

NZD/USD drops hard on NZ CPI miss, busting below 0.73 the figure

Currently, NZD/USD is trading at 0.7270, down -0.65% on the day, having posted a daily high at 0.7333 and low at 0.7262. NZD/USD has dropped heavily on the back of the New Zealand inflation data for Q2: CPI 0.0% q/q (expected +0.2%) while year on year arrived at 1.7% vs 1.9%. Overall a bi ...

New Zealand Consumer Price Index (QoQ) came in at 0%, below expectations (0.2%) in 2Q

New Zealand Consumer Price Index (YoY) came in at 1.7%, below expectations (1.9%) in 2Q

New Zealand CPI coming up: what to expect? – ANZ

Analysts at ANZ explained that they and the market are expecting June quarter CPI figures to show annual inflation easing back to 1.9%.  Key Quotes: "Core inflation measures should be broadly steady. We can’t see the data shifting the RBNZ from its cautious stance. Forwar ...

AUD/JPY bulls are losing their breath

The graceful upward trajectory staged by the AUD/JPY on the daily chart, finds an offsetting bearish harami, a pattern comparable to an Western inside bar. Prices challenged the 21-period 2-standard deviation upper band by printing outside of its boundaries in the last two days. The bearish patter ...

USD/NOK MACD higher lows indicates upside ahead

A run of USD/NOK MACD higher highs and lows, could imply a shift in sentiment ahead.In recent weeks, the pair has suffered declines, but in the short term at least, we could experience a move to bullish sentiment. This is highlighted by the MACD posting higher highs and lows on the 4-hour chart. A ...

When is NZ CPI and how could it affect NZD/USD?

New Zealand CPI overview The CPI data today 22.30GMT is keenly awaited and forecasted to come in on the softer side of the RBNZ’s expectations. Analysts at Westpac are forecasting a subdued 0.1% rise in the CPI for the June quarter, which would see annual inflation recede from 2.2% to 1.8% ...

AUD/USD pierces big level to upside

AUD/USD posted an intraday 52-week high but failed to close higher.There is a new AUD/USD 52-week high in place, but not on a daily close basis. Today's price movement punched a 52 week high but it came down, closing the day below.

EUR/CHF bulls are losing their breath

The graceful upward trajectory staged by the EUR/CHF on the daily chart, finds an offsetting bearish harami, a pattern comparable to an Western inside bar. Prices challenged the 21-period 2-standard deviation upper band by printing outside of its boundaries in the last two days. The bearish patter ...

Empire State Survey: reviewed, slower growth than in June – Nomura

Analysts at Nomura's review of today's US data... Key Quotes: "The Empire State survey reported that business activity grew modestly in New York State in July, albeit at a notably slower pace than in June. The headline index fell 10pp to 9.8, below expectations (Nomura: 18.3 ...