The Reserve Bank of New Zealand (RBNZ) announced on Wednesday that it cut the Official Cash Rate (OCR) by 25 basis points (bps) from 3.75% to 3.5% after concluding the April monetary policy meeting. The decision aligned with the market expectations. The RBNZ has cut the official cash rate by 200 bps since August 2024. Summary of the RBNZ…
The DXY trades around the 103 zone on Monday, trying to extend Friday’s rebound amid volatile market conditions. A report suggesting Trump may pause tariffs briefly lifted sentiment, but a sharp White House denial reversed optimism. Resistance sits near 103.75, while 102.50 serves as key support amid mixed technical signals. The US Dollar Index (DXY),…
AUD/USD tumbles toward the 0.6050 region during Friday’s American session, marking a sharp intraday plunge. Trump’s aggressive tariffs spark fears of slower global growth and inflation; Fed Chair Powell warns of broader economic impact. Technical indicators flash strong bearish momentum; resistance seen near 0.6200 while the pair tests multi-year lows. The AUD/USD pair crumbled below…
Nonfarm Payrolls (NFP) in the US rose by 228,000 in March, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 117,000 increase (revised from 151,000) recorded in February and surpassed the market expectation of 135,000 by a wide margin. Join us for our NFP Live Coverage here Other details of…
The Dow Jones rose on Tuesday, climbing 250 points as markets digest tariffs. The Trump administration laid out widespread “reciprocal” tariffs. Tariff package includes 25% tariffs on automobiles and car parts. The Dow Jones Industrial Average (DJIA) took a step higher in early Tuesday trading, climbing 350 points and adding 0.85% from the day’s opening…
It will be another key week for the US labour market with the ADP and NFP releases. The US private sector is expected to add 105K new jobs in March. The US Dollar Index appears to have embarked on a consolidative phase. The US labor market is poised to steal the spotlight this week as…
DXY trades near the 104.20 zone after mixed reaction to PMI and Job Openings data. Manufacturing activity contracts and hiring slows, keeping stagflation risks in play. Resistance seen around 104.84 with support clustering near 104.13. The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, trades near…
Reserve Bank of Australia (RBA) Governor Michele Bullock is scheduled to hold a press conference following the central bank’s decision to leave the benchmark interest rate unchanged at 4.1% on Tuesday. Bullock will respond to media questions as part of a new reporting format for the central bank that started this year. Economic Indicator RBA…
The Mexican Peso falls as traders brace for a 50-basis-point rate cut amid signs of cooling inflation and weak economic activity. Banxico expected to slash rates by 50 bps as economy shows signs of fatigue. Economic activity remains in contraction despite solid retail sales and marginal January improvement. The Mexican Peso (MXN) depreciates against the…
The Indian Rupee edges lower in Tuesday’s Asian session. Fresh foreign capital inflows and a weaker Dollar underpin the INR; higher crude oil prices might cap its upside. Investors brace for Fedspeak and CB’s Consumer Confidence report later on Tuesday. The Indian Rupee (INR) softens on Tuesday after closing stronger for the ninth consecutive session…