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The New Zealand dollar has rebounded on Friday after a 1.4% slide over the past two days. NZD/USD is trading at 0.6017, up 0.70% in the European session at the time of writing. Solid US numbers raises risk appetite Exactly two weeks ago, a soft employment report out of the US panicked investors and caused a meltdown across global stock markets.

16-08-2024 06:44 GMT by Kenneth Fisher

Market Insights Podcast - US CPI boosts rate cut hopes, UK inflation lower than estimate

https://open.spotify.com/episode/0JgLyfS53K2myidU4b6R2u?si=25a7884d0f5e4c3f&nd=1&dlsi=34ee0824822e4e95

16-08-2024 05:26 GMT by Kenneth Fisher

GBP/USD extends gains as retail sales bounce back

The British pound has extended its gains on Friday. GBP/USD is trading at 1.2887 in the European session, up 0.31% on the day at the time of writing.

16-08-2024 04:48 GMT by Kenneth Fisher

Japanese yen slides after hot US release sales

The Japanese yen is sharply lower on Thursday. In the North American session, USD/JPY is trading at 149.02, up 1.1% on the day. Japan’s economy bounces back in second quarter Japan’s economy jumped 3.1% y/y in the second quarter, an impressive turnaround from the revised 2.3% decline in the first quarter and above the market estimate of 2.1%.

15-08-2024 13:20 GMT by Kenneth Fisher

GBP/USD dips after strong US retail sales

The British pound posted losses earlier but has clawed back and is in positive territory. GBP/USD is trading at 1.2846 in the North American session, up 0.20% on the day. UK GDP rises for second straight quarter After sustaining a technical session in the second half of 2023, the UK economy is on a rebound.

15-08-2024 10:37 GMT by Kenneth Fisher

Australian dollar rises on strong job growth

The Australian dollar is in positive territory on Thursday. AUD/USD is trading at 0.6607 in the European session, up 0.16% on the day at the time of writing.

15-08-2024 09:07 GMT by Kenneth Fisher

Nasdaq 100: Bears may still be lurking around the corner

The market seems to be focused now on growth-related macro data rather than inflation risk. Another softer US retail sales may spark another recession aka hard-landing fear. The rise of the VVIX / VIX ratio may see another potential spike in the VIX. Watch the 19,230 key short-term resistance on the Nasdaq 100. In July, the Nasdaq 100 was the worst-performing benchmark US stock indices where it recorded a monthly loss of -1.6% versus the S&P 500 (+1.1%), Dow Jones Industrial Average (+4.4%), a

15-08-2024 07:09 GMT by Kelvin Wong

Gold (XAU/USD) Bounces Back After US CPI, DXY Faces Challenges

Gold prices rebounded after a post-CPI selloff, aided by a struggling US Dollar Index. A sustained move above $2500/oz for gold may require an additional catalyst, like geopolitical risks. The DXY faces challenges and is likely to remain subdued, with technical indicators suggesting a potential retracement. Will it Materialize?

15-08-2024 05:36 GMT by Zain Vawda

Demand Concerns vs. Geopolitical Risks: What's Next for Brent Crude Prices?

Rising US crude inventories are putting downward pressure on oil prices, interrupting a six-week slump. Geopolitical tensions in the Middle East and supply issues in Libya could potentially drive prices up. Softening demand from global airlines, especially for jet fuel, complicates the demand landscape. Conflicting signals from fundamental factors are expected to keep market participants on high alert. MOST READ: S&P 500, Nasdaq 100 Inch Higher Following US PPI Data Oil prices are heading for t

14-08-2024 13:31 GMT by Zain Vawda

GBP/USD shrugs as UK CPI rises less than expected

The British pound is showing limited movement on Wednesday. GBP/USD is trading at 1.2844 in the European session, down 0.15% on the day. UK inflation report supports case for September rate cut Headline inflation in the UK rose 2.2% y/y in July, up from 2% in June but below the market estimate of 2.3%.

14-08-2024 08:25 GMT by Kenneth Fisher

New Zealand dollar tumbles as RBNZ cuts rates

The New Zealand dollar is down 1% on Wednesday, after the Reserve Bank lowered interest rates today. NZD/USD is trading at 0.6017 in the European session at the time of writing. RBNZ lower rates for first time in four years The Reserve Bank of New Zealand had investors on edge right up to the wire of today’s rate announcement.

14-08-2024 07:36 GMT by Kenneth Fisher

US CPI Preview: US Inflation to Confirm September Cut by the Fed?

Market expectations for July's US CPI data release are centered around a 0.2% month-over-month increase and a 3% year-over-year increase. Different CPI outcomes will have varying effects on the markets with each potential outcome broken down. The US Dollar Index (DXY) is currently testing support at 102.40 and faces immediate resistance at 103.00. Will the Inflation print solidify a September rate cut?

14-08-2024 06:25 GMT by Zain Vawda

S&P 500, Nasdaq 100 Inch Higher Following US PPI Data

US PPI data came in weaker than expected, leading to increased rate cut bets and a rise in US indices. Th Immediate resistance for the S&P 500 is at 5421, with support at 5330.e June-August period is historically the second-strongest 3-month period for the S&P 500, averaging a 3.2% return. Immediate resistance for the S&P 500 is at 5421, with support at 5330.

13-08-2024 11:10 GMT by Zain Vawda

AUD/NZD: A dovish RBNZ may maintain Aussie outperformance over Kiwi

New Zealand's core inflation trend has decelerated at a faster pace than Australia. RBNZ may use tomorrow’s monetary policy meeting to offer dovish guidance and bring forward its projected first interest rate cut in H1 2025. A dovish hold by RBNZ may reinforce the continuation of the AUD/NZD medium-term bullish trend with key support at 1.0890/0840. On Wednesday, 14 August, the New Zealand central bank, RBNZ will announce its monetary policy decision.

13-08-2024 07:27 GMT by Kelvin Wong

GBP/USD Edges Higher as Wage Growth Hits Lowest Level in 2 Years

Unemployment rate fell to 4.2%, with a decrease in both short-term and long-term unemployment. UK wage growth slowed to its lowest level in two years, yet surpassed market expectations. Despite positive jobs data, BoE policymakers warn of potential inflation rebound in H2 2024, supported by a slight increase in grocery inflation. Cable edged higher but key resistance levels up ahead. Most Read: Brent Crude – Oil Advances as OPEC Cuts Demand Forecast Cable has continued to edge higher this morni

13-08-2024 04:57 GMT by Zain Vawda

Brent Crude - Oil Advances as OPEC Cuts Demand Forecast

Oil prices continue to rise despite OPEC cutting demand forecasts for 2024 and 2025. OPEC is likely to extend production cuts as the October deadline approaches, with Saudi crude oil exports to China expected to drop in September. The rally is fueled by easing US recession fears, but upcoming US data releases could shift market sentiment. A host of resistance levels up ahead. will the rally have the legs to continue?

12-08-2024 11:49 GMT by Zain Vawda

New Zealand dollar higher, focus on RBNZ

The New Zealand dollar has started the week with gains. NZD/USD is trading at 0.6026 in the North American session, up 0.45% at the time of writing. Will the RBNZ lower rates this week? The Reserve Bank of New Zealand meets on Wednesday and it’s a live meeting as the decision is expected to be a close call.

12-08-2024 11:09 GMT by Kenneth Fisher

British pound calm ahead of UK jobs report

The British pound is drifting on Monday. GBP/USD is trading at 1.2768 early in the North American session, up 0.08% on the day. Wage growth expected to slide The UK releases the employment report for the three months to June and we could see signs of a cooling labour market.

12-08-2024 10:39 GMT by Kenneth Fisher

Hang Seng Index: The medium-term bullish trend has been damaged

China’s lacklustre core consumer inflation growth for July suggests the current pace of piecemeal stimulus measures is not sufficient to eradicate deflationary pressures. The “non-abating” deflationary risk scenario pushed the 10-year China sovereign bond yield to a record low of 2.12% last Monday, 05 August. The price actions of the Hang Seng Index have traded below its 50-day and 200-day moving averages. This is a follow-up analysis of our prior report, “Hang Seng Index: Weak key China data

12-08-2024 06:43 GMT by Kelvin Wong

Australian dollar gains ground, eyes wage growth

The Australian dollar has started the week in positive territory. AUDUSD is trading at 0.6596 in the European session, up 0.41% on the day at the time of writing. Australian dollar recovers as markets stabilize The Australian dollar has quickly recovered from the recent turbulence which routed global stock markets.

12-08-2024 05:28 GMT by Kenneth Fisher

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