The kiwi has been the leading major this month, ahead of a mixed bag of currencies like the yen and pound in the top three. Overnight, we get the release of the June quarter GDP. Due to the national lockdown …
After the dovish tapering last week by the RBA, the aussie looks to be struggling and heading for more downside ahead of Thursday’s unemployment data. A choppy risk mood is not helping while the US-China relationship is bubbling hot and …
Since April, the long-term downtrend in EUR/GBP has tracked sideways. The 0.87 to 0.85 range has proven its worth with sterling bulls getting excited as new multi-month lows in August were made below the previous cycle trough at 0.8471. But …
Sterling has ignored this morning’s weaker than expected GDP data with the “pingdemic” acting as a drag on economic activity. In fact, GBP is the best performing major currency this week with the Bank of England Governor Bailey’s comments on …
While commodity currencies have had a tough time this week, NZD has held up relatively well. The country has now exited out of the nationwide lockdown which means the economy can potentially rebound swiftly on the road back to normalisation. …
Anticipation around tomorrow’s ECB meeting has intensified with a lot of noise coming from the hawks last week. They voiced many concerns about excessive monetary stimulus and generally want some kind of exit plan from the emergency QE programme (PEPP). …
The Bank of Canada releases an updated policy statement on Wednesday. No changes are expected with the upcoming national election seeing the bank stand aside for now. There are no new forecasts or a Monetary Policy Report (MPR) until its …
The RBA delivers an updated statement and policy decisions overnight. The central issue is whether the bank delays its plans to implement a taper in its bond buying from A$5 billion to 4 billion later this month. With lockdown extensions …
The consensus NPF headline print has drifted lower through the week and now stands at 725k. Disappointing ADP data and a contraction in the employment component of the ISM has seen analysts lower their estimates. Will the mismatch between supply …
The kiwi leads the pack of major currencies this week with markets enjoying a decent bout of positive risk sentiment. Reports of a partial rollback of local virus restrictions in New Zealand have also boosted NZD. The market appears to …
