Author: FX
Were traders right to expect a more dovish bias for the Reserve Bank of New Zealand (RBNZ) last week? Our Event Guide for New Zealand’s Q3 2025 Employment Report points to a possible downside surprise later this week. Softer numbers could reinforce expectations that the RBNZ will need to cut interest rates later this year. Here’s why GBP/NZD and NZD/JPY may present legit trading opportunities if New Zealand’s report misses market estimates. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event…
The Indian Rupee (INR) jumps to near 88.50 in the opening session against the US Dollar (USD) on Tuesday. The USD/INR pair faces a sharp selling pressure as the Indian Rupee strengthens on hopes that the Reserve Bank of India (RBI) has intervened in the currency market to support the Indian Rupee.The RBI likely intervened to shore up the rupee before the local spot market opened on Tuesday, Reuters reported.A stealth intervention by the RBI in the local spot market has come amid fears that the USD/INR pair could pass its recent all-time high around 89.10, a scenario that could…
Asia stocks retreat from record highs on profit taking; US dollar gains Source link
Markets appear to be positioning for a weak quarterly employment report from New Zealand that could fuel RBNZ rate cut bets, but what if the numbers come in better than expected? Our Event Guide for New Zealand’s Jobs Report suggests that an upside employment surprise could spark a short-term bounce but won’t likely be enough to dampen dovish RBNZ expectations. Here’s what I’m watching on AUD/NZD and NZD/USD in this scenario. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading…
China’s central bank will strengthen policy support for the economy and accelerate efforts to promote the international use of the renminbi, a PBOC Deputy Governor said Monday in a livestreamed address.Said the People’s Bank of China (PBOC) will back the development of the offshore RMB market in Hong Kong, calling it a crucial step in reinforcing the city’s role as a global financial hub. “We will support the construction of a deeper, more liquid offshore yuan market and expand cross-border financial channels,” he said.The central bank also plans to expand the RMB Cross-Border Interbank Payment System (CIPS), which facilitates yuan-denominated…
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GBP/USD has managed to keep pumping the brakes at the outset of another trading week, finding enough friction to hold off on further declines as price action toys with the 1.3150 level. A technical rebound has yet to materialize, and Cable is likely to continue some rough chop in the interim as Pound Sterling (GBP) traders await the Bank of England’s (BoE) latest interest rate decision.The latest Institute for Supply Management (ISM) Purchasing Managers Index (PMI) report dipped to 48.7 in October, missing expectations and falling back slightly from September’s 49.1. Demand indicators within the ISM report broadly improved over…
New Zealand’s Q3 labor market data could prove pivotal for Kiwi, particularly with the Reserve Bank of New Zealand (RBNZ) maintaining its dovish stance AND markets pricing over 90% odds of another 25 basis point cut at the November 26 meeting. What are markets expecting, and how can you trade the event? Here are the points you need to know! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link
Markets opened the week in cautious fashion as a prolonged U.S. government shutdown continued to cloud the economic outlook, with equities finding support from AI-driven gains while manufacturing data confirmed ongoing sectoral weakness. Gold and the U.S. dollar both advanced as traders weighed conflicting signals on Federal Reserve policy, while Bitcoin faced selling pressure and oil move on OPEC+ supply news. Check out the forex news and economic updates you may have missed in the latest trading session! News Headlines & Data: OPEC+ agreed to pause production increases for Q1 2026 after a modest hike in Q4 2025 New Zealand…
The price of crude oil is settling at $61.05 up $0.07 or 0.11%. The near unchanged comes after the OPEC+ meeting this weekend where they confirmed a production increase but also said that they would pause on further production increases. More specifically: Production Increase for December: The group agreed to raise the output target by a modest 137,000 barrels per day (bpd), which will be implemented in December 2025. This continues the trend of small, gradual increases seen in previous months.Pause on Future Hikes: OPEC+ announced a pause on any further production increases for the first quarter of the next…