At the start of the week, the US currency continues to trade near significant levels amid ongoing uncertainty surrounding negotiations between the United States and Iran. Markets are closely monitoring reports suggesting a possible prolongation Read more…
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Markets US and UK markets reopened yesterday after long weekend, allowing room for some repositioning to Monday’s bond and stock rally on enthusiasm on a US-Iran deal. European bond markets underperformed with curves bear steepening Read more…
In focus today Today is quiet in terms of data releases. Focus remains on developments between the US and Iran and implications on markets. Economic and market news What happened overnight In New Zealand, the Read more…
AST SpaceMobile (ASTS) added nearly $10 billion in market value with the stock up over 17% on May 26. The jump came as space stocks soared following SpaceX’s public IPO filing, which could reportedly value Read more…
As widely expected, the RBNZ held the OCR at 2.25%. The three internal members voted for no change – including the Governor, with her casting vote – and the three external members voted for a Read more…
AUD/NZD may finally be running into a wall. After months of powerful upside momentum, today’s combination of a hawkish RBNZ shock and softer Australian inflation data delivered the strongest challenge yet to the pair’s medium-term Read more…
The Monetary Policy Committee today voted to hold the OCR at 2.25 percent. Annual consumers price inflation was 3.1 percent in the March quarter. The Middle East conflict is increasing near-term inflation and weakening economic Read more…
The April CPI rose 0.4%mth to be up 4.2%yr. The April CPI rose 0.4%mth to be up 4.2%yr. This represents a moderation from the 4.6%yr pace recorded in March and came in below Westpac’s near-cast Read more…
Key Highlights WTI Crude Oil corrected gains and traded below $100 before the bulls appeared. A few key hurdles are forming near $100.60 and $102.60 on the 4-hour chart of XTI/USD. Gold could extend losses Read more…