EUR/USD 1.17793
-0.046%
Gold 5173.60
-1.047%
Oil 66.667
0.661%
USD/JPY 155.036
0.241%
GBP/USD 1.34880
-0.018%
GBP/JPY 209.117
0.231%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Thailands Ministry of Finance: Will increase investment in clean energy.1. WTI crude oil futures trading volume was 676,860 lots, a decrease of 278,043 lots from the previous trading day. Open interest was 2,070,145 lots, an increase of 3,270 lots from the previous trading day. 2. Brent crude oil futures trading volume was 132,521 lots, a decrease of 52,889 lots from the previous trading day. Open interest was 269,903 lots, an increase of 2,968 lots from the previous trading day. 3. Natural gas futures trading volume was 397,885 lots, a decrease of 81,362 lots from the previous trading day. Open interest was 1,598,406 lots, an increase of 3,285 lots from the previous trading day.Ukrainian President Zelensky: We have every right to say that we have defended our independence and that we have not lost our national status.On February 24th, ComericaBank Chief Economist Bill Adams stated in a report that the Federal Reserves FOMC believes the U.S. economic growth momentum looks good, but inflation remains too high. Against this backdrop, the Fed will likely keep short-term interest rates unchanged until Powells term ends in May. In 2026, economic growth will be driven by favorable factors such as lower interest rates, increased government spending, the Feds rate cuts last year, and an improving housing market. The ongoing AI boom and the rebates on the reciprocal tariffs overturned by the Supreme Court last week will also provide further support for economic growth. The biggest downside risk to economic growth comes from labor supply bottlenecks, which could trigger a rebound in inflation.February 24th - According to data from the National Energy Administration, statistical analysis of 53,300 highway charging piles included in the national charging facility monitoring and service platform shows that from the 28th day of the twelfth lunar month (February 15th) to the 7th day of the first lunar month (February 23rd), electric vehicles were charged a total of 6.021 million times on highways, with a total charging volume of 149.7675 million kilowatt-hours. The average daily charging volume was 16.6408 million kilowatt-hours, an increase of 52.01% compared to the average daily volume during last years Spring Festival, setting a new historical record.

Prior to the release of US inflation statistics, the NZD/USD records a three-day increase near to 0.6150

Daniel Rogers

Sep 13, 2022 11:00

 截屏2022-09-13 上午9.47.21.png

 

Despite the current sideways grind, NZD/USD bulls remain in control around mid-0.6100s as markets await Tuesday's critical US inflation data. It is noteworthy that the recent improvement in New Zealand sentiment and statistics, along with lowered US inflation expectations, have put pressure on the NZD/USD exchange rate.

 

While the Food Price Index outperformed market forecasts by 0.6% to reach 1.1% over the same month, compared to 2.1% in July, the New Zealand REINZ House Price Index improved to -1.3% MoM in August from -1.4% in July.

 

Consumers in the US predicted inflation to be 5.75 percent over the next 12 months in August, down from 6.2% in July and the lowest since October 2021, according to the New York Fed's monthly consumer expectations survey data released on Monday. According to new figures from Reuters, inflation expectations for the next three years averaged 2.8% in August as opposed to 3.2% in July.

 

Reports on Monday that Ukraine is making progress in driving the Russian troops out of some of its territory seems to have strengthened the market's circumspect optimism while also arousing worries about Russia's severe retaliation, which benefited the NZD/USD bulls. It's possible that big economies like China, the United States, the United Kingdom, and Europe will provide extra stimulus in a similar manner. The most recent Wall Street Journal (WSJ) report showing that US gas prices had decreased for the twelfth consecutive week also reduced market pressure and increased the price of gold.

 

The recent Financial Times (FT) stories revealing divergent viewpoints over US President Joe Biden's chip strategy that challenges China, on the other hand, seem to test the NZD/USD buyers. The cautious attitude also seems to be influenced by Chinese President Xi Jinping's determination to restore Beijing's authority on his first international trip after covid-led lockdowns, as this might heighten US-China relations.

 

The higher closing price on Wall Street, which ignored the favorable US Treasury yields, indicates that the risk-on attitude in this situation weighed on the US Dollar Index. It should be noted that recent increases in US Treasury rates have reversed, but small gains have been seen in S&P 500 Futures as of the time of publication.

 

Traders of the NZD/USD pair will be closely watching China's return after the extended weekend. The US CPI for August, however, will be the topic of most discussion. The forecasts show that the headline number will fall from 0.0% to -0.1% MoM while the CPI excluding food and energy is predicted to be stable at 0.3% MoM. The NZD/USD pair may continue to rise if inflation numbers are less than forecast.


Suggestion