Market Overview - Page 54

The Reserve Bank of New Zealand kept its benchmark interest rate at 5.5% for the eighth consecutive meeting, which was in line with analyst expectations. However, the central bank’s comments were softer than expected, dragging down NZDUSD by around 1%.

GBPUSD is trading near 1.28, which has acted as an area of resistance in the pair since last December. At the same time, the range of fluctuations of the pound is narrowing, as since October, the downside impulses have become.

Market picture Bargain hunters are showing themselves in full force in crypto. Cryptocurrency market capitalisation rose 3.6% in 24 hours to $2.11 trillion, climbing back to the top of the range of the past five days. It will take the.

Germany recorded a second-record foreign trade surplus of 24.9bn in May, second only to January this year. The figures are noticeably better than the previous 22.2bn and the expected 19.9bn. This is moderately positive news for the euro as it.

Gold has lost 0.9% since the start of Monday, almost back to the point where it was trading before the release of jobs data on Friday. Perhaps the very first market reaction to the data release highlighted the mindset of.

Industry in the Eurozone is under pressure. Germany’s industrial production index plunged 2.5% in May. By the same month a year earlier, the loss was 6.7% – the worst result since August 2020. Excluding the failure at the start of.

The US economy created 206k new jobs in June, slightly better than average expectations. However, May’s gain was downgraded from 272k to 206k, and April’s from 165k to 108k. The combined 123k downgrade of the previous two months’ estimates suggests.

2024 has every chance of being the biggest election year, with well over half of the world’s population going to the polls. The next chapter in this saga is today, with the announcement of the results of the UK general.

Crude oil inventories in US commercial storage fell by 12.2 million barrels last week, marking the sharpest decline since last July. The decrease is attributed to preparations for the start of the US driving season. Not only was the change.

The US private sector created 150K jobs in June, according to fresh ADP estimates. This is slightly weaker than expected and the lowest growth since January. Once again, the leisure sector (+63K) led the growth. Construction stands out, with net.

Fed Chairman Greenspan once said, ‘If I’ve made myself too clear, you must have misunderstood me’. It seems that over the past decade and a half, the Fed has become increasingly transparent in its reasoning and expectations. Therefore, there is.

According to the Eurostat Flash estimate, the euro area CPI stood at 2.5% y/y, hovering between 2.4% and 2.6% for the past five months. There has been no apparent slowing since November when the rate first touched 2.4%. Core CPI.