New Zealand Business NZ PSI: 50.9 (January) vs previous 51.5 | FXStreet
New Zealand Business NZ PSI: 50.9 (January) vs previous 51.5
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New Zealand Business NZ PSI: 50.9 (January) vs previous 51.5
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Key takeaways Renewed clashes between the U.S. and Iran involving Kuwait and Bahrain reignited geopolitical concerns, driving oil prices sharply higher and triggering a broad risk-off move across global equity markets. The AI-led technology rally faced its first meaningful challenge after Broadcom’s disappointing guidance raised concerns about the pace of AI infrastructure revenue growth, prompting…
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South Korea Gets Its First Central Bank Rate Cut October 11, 2024 The Bank of Korea, whose base rate had stayed at a peak 3.50% since a culminating 25-basis point increase in January 2023, finally joined the group of monetary authorities that have begun to lessen policy restrictiveness. Market players had anticipated this decision. Today’s…
We haven’t heard much from Bowman since she was ruled out as a candidate for Fed Chair. US economy has been resilient Wage growth consistent with 2% inflation Fed has made considerable progress in lowering inflation Underlying inflation levels closer to Fed’s 2% target Says she is concerned about labor market fragility Firms may start…
The EURUSD pair has demonstrated impressive strength, extending its upward trajectory from the recent low of 1.0761 to reach a new high at 1.0905. This surge has caught the attention of forex traders and analysts alike, signaling a potential shift in market sentiment. As the pair continues to climb, a crucial support level has emerged…
Today’s weekly close was surprisingly calm despite the groundbreaking news: The infamous Trump tariffs officially got struck down by the US Supreme Court. It has been a bumpy ride regarding US duties. Source of confusion and anxiety, Markets had originally reacted very pessimistically to their announcements, leading to a swift correction from beginning 2025 to…