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NZ First Impressions: Labour Market Surveys, Q2 2024 – Action Forex
The New Zealand labour market is softening, but wage growth remains on the high side, partly supported by government pay agreements. Unemployment rate: 4.6% (prev: 4.4%, Westpac f/c: 4.7%, RBNZ f/c 4.6%) Employment change (quarterly): +0.4% (prev: -0.3%, Westpac f/c: -0.4%, RBNZ f/c +0.1%) Labour costs (private sector, quarterly): +0.9% (prev: +0.8%, Westpac f/c: +0.7%,…
At least 21 dead in overnight Kyiv attack as UK and EU summon Russian envoys
The UK and European Union have summoned their Russian envoys after overnight missile strikes on Kyiv killed at least 21 people and damaged the city’s British Council and EU offices, in the deadliest aerial assault on the Ukrainian capital since the Alaska summit between Vladimir Putin and Donald Trump. Four children were among those killed…
USD/CNH Price Prediction: Trades above 23.6% Fibo., bulls seem non-committed near 7.1555
USD/CNH attracts some buyers on Thursday and moves away from over a one-week low. The technical setup supports prospects for the emergence of fresh selling at higher levels. A sustained strength beyond 50% Fibo. level is needed to negate the negative outlook. The USD/CNH pair builds on the previous day’s bounce from the 7.1305-7.1300 area,…
RBNZ cut the rate by 0.5%. RBI kept the rate at 6.5% for the tenth consecutive meeting
At Monday’s close, the Dow Jones Index (US30) was up 0.30%, while the S& P500 Index (US500) was up 0.97%. The NASDAQ Technology Index (US100) closed positive 1.45% yesterday. Stocks rose amid upbeat comments from New York Fed Chairman Williams, who said the Fed is “well positioned” to provide a soft landing for the US…
