[ad_1] Share: The New Zealand Dollar declines across the board on Friday but rebounds late in session. Kiwi weakness comes from a combination of a negative global growth outlook and US Dollar outperformance. Hawkish commentary from Fed Chair Powell set the US Dollar trending higher against the Kiwi, NZD/USD resumes decline. The New
[ad_1] Share: The Canadian Dollar has seen little but downside this week. A pivot to market Fed expectations is sending investors into the US Dollar. Crude Oil bids try to recover, limiting Loonie losses for Friday. The Canadian Dollar (CAD) is in the red overall for the week, seeing only a minor gain
[ad_1] A couple of European Central Bank superstars are on the speaker circuit on Friday, Lagarde and Nagel. 1230 GMT / 0730 US Eastern time: ‘Fireside chat’ between ECB President Christine Lagarde and Martin Wolf at Financial Times’ Global Boardroom 2023 in London, UK 1520 GMT / 1020 US Eastern time: Speech by Germany’s Bundesbank
[ad_1] There is not a lot on the data agenda for the session ahead, the Reserve Bank of Australia statement will be the focus although it shouldn’t move the AUD too much upon release. The Statement on Monetary Policy (SoMP) will update economic forecasts and the Bank’s assessment on the balance of risks to the
[ad_1] Share: Japanese Yen continues its recovery into the weekend on potential for divergent monetary policy. BoJ has started normalizing policy as other central banks are close to reaching the end of their tightening cycles. USD/JPY declines sharply after Nonfarm Payrolls miss brings into doubt further Fed rate hikes. The Japanese Yen
[ad_1] Share: NIO gains more than 5% on falling Treasury yields, soft NFP, cost savings plan. Nio CEO William Li says Nio will cut about 10% of its employees. Non-core investments will also be trimmed as EV company focuses on financial performance. US Nonfarm Payrolls fell to 150K in October, a print that
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[ad_1] Share: The NZD/USD is back into Friday’s lows as the US Dollar sees a late bid on Friday. The Kiwi continues to face topside rejection as broader markets choose safer havens. Kiwi traders will be looking ahead to next Tuesday’s NZ labor figures. The NZD/USD is ticking back towards 0.5800 heading into
[ad_1] Share: The S&P 500 is extending declines into a two-week stretch, down over 5% for the period. S&P index down over 10% from the July peak at $4,600, enters correction territory. US Equities mixed on Friday as recession fears, lopsided earnings reports drag on stocks. The Standard & Poor’s index marked in
[ad_1] Share: Japanese Yen rebounds after Tokyo inflation data increases bets the Bank of Japan (BoJ) will tighten policy. The US Dollar loses traction after US inflation comes out in line with estimates. The USD/JPY remains in uptrend but price falling to key make-or-break trendline for short-term chart. The Japanese Yen (JPY) has
