• Japan press says the G20 draft communique promotes free trade to improve global economic growth Link
    ForexLive Tue 25 Jun 2019 23:27
  • Goldman Sachs say they have lowered Australia to 'underweight' Link
    ForexLive Tue 25 Jun 2019 23:17
  • Here is another forecast for the RBA to cut rates another 3 times this year Link
    ForexLive Tue 25 Jun 2019 23:12
    unemployment rate to spike in Q3-2019, necessitating RBA rate cutsRBA now lowering its expectation on the non-accelerating inflation rate of unemployment (NAIRU) to 4.5% from 5% earlier, we believe the required policy action on a rising unemployment rate will be largerhurdle to cut rates below 1% is still quite highRBA will likely require the unemployment rate to rise close to 5.5% before it cuts rates below 1%We expect this to happen in Q3, as job losses in construction accelerate
  • RBNZ preview - no rate cut expected …. but a cut would unlikely be a complete surprise Link
    ForexLive Tue 25 Jun 2019 23:07
    market is mostly priced for another RBNZ rate cut in Augustplacing around a 20% chance of a move (today) - All of the respondents in the Bloomberg survey expect the RBNZ to leave rates unchanged ….  would allow policymakers the opportunity of examining another 6 weeks of fresh economic data in addition to a revised set of internal forecasts ahead of the next policy meeting in August.  
  • NZD traders - ICYMI - What's priced in for the RBNZ decision? Link
    ForexLive Tue 25 Jun 2019 22:46
    The consensus expectation among analysts and the market is for an on-hold decision this afternoon. To avoid a positive reaction from the NZD, the RBNZ will need to at least signal potential for a rate cut in August.
  • Just waking up, seeing a higher USD and wondering 'What the …??? " - Here you go Link
    ForexLive Tue 25 Jun 2019 22:36
  • More on China suspending meat import from Canada Link
    ForexLive Tue 25 Jun 2019 22:21
  • Fed's Bullard - thinks 2 rate cuts by year end would provide a soft landing Link
    ForexLive Tue 25 Jun 2019 22:11
  • More than a quarter of Chinese exporters expect US trade war to be permanent Link
    ForexLive Tue 25 Jun 2019 22:06
    Chinese exporters warn their business is growing at its slowest pace in three yearsmore than a quarter of firms now believe that the trade war is a permanent fixture of relations with the US, and not just a passing feature of the Trump administration37% say trade war is having some or a very negative impact on their business
  • More from the IMF - says NZD level is not an immediate concern, above long run average Link
    ForexLive Tue 25 Jun 2019 21:56
  • Goldman Sachs update their gold price forecasts, 3, 6 and 12 months (and on what could take it to $1600) Link
    ForexLive Tue 25 Jun 2019 21:41
    base case scenario is global growth gradually improves in H2 of 2019recession worries recedeshould eventually lead to a gradual moderation in "fear" driven investment demand for goldEmerging market GDP growth gradually improves
  • More from Fed's Barkin - does not know if a rate cut (or cuts) will be needed this year Link
    ForexLive Tue 25 Jun 2019 21:26
  • IMF says RBNZ's current monetary policy stance fits subdued inflation conditions Link
    ForexLive Tue 25 Jun 2019 21:21
    says downside risks to New Zealand's growth outlook have increased but it has policy space to respond should risks materializeNZ economic expansion is solid, but lost momentum recentlyNZ current monetary policy stance fits subdued inflation conditions
  • Reuters report that China is to halt all meat imports from Canada Link
    ForexLive Tue 25 Jun 2019 21:11
    The background to this is increasingly tense relations between China and Canada ever since the arrest of the Huawei official (and only daughter of the firm's founder), Chief Financial Officer Meng Wanzhou.
  • Goldman Sachs on what favours the euro higher in the short term Link
    ForexLive Tue 25 Jun 2019 21:06
    has seen short covering supporting itexpect this to continue in the near term, providing further supportingsystematic traders using simple momentum approaches likely to buy given it broke above its 200 day MA
  • Wednesday 26 June 2019 trade ideas thread Link
    ForexLive Tue 25 Jun 2019 20:51
  • NZD traders ICYMI - RBNZ monetary policy decision due today - previews Link
    ForexLive Tue 25 Jun 2019 20:41
    before I do the long story short is all analysts surveyed by Bloomberg expect the Bank to remain on hold at a cash rate of 1.5%. However, there is non-negligible risk of a cut from today's meeting. 
  • Private survey oil data shows larger than expected draw in crude oil inventory Link
    ForexLive Tue 25 Jun 2019 20:31
  • The Nasdaq index leads a down day in the US stock market Link
    ForexLive Tue 25 Jun 2019 20:26
    The Nasdaq index has led a down day in the US stock market.    The price of that index fell back below its 50 hour MA (a bearish tilt to the downside) and stayed below.  The catalyst was less dovish comments from the most dovish Fed official, James Bullard (or the one who voted to cut rates at the last meeting).  He said that 50 bps at the next meeting would be stretch. 
  • Fed's Barkin: US business investment has stepped back Link
    ForexLive Tue 25 Jun 2019 20:11
  • Economic calendar due from Asia today - Wednesday 26 June 2019 Link
    ForexLive Tue 25 Jun 2019 20:06
  • Oil - heads up for the inventory data due around the bottom of the hour Link
    ForexLive Tue 25 Jun 2019 20:06
  • ForexLive Americas FX news wrap: Bullard dampens cut hopes Link
    ForexLive Tue 25 Jun 2019 19:56
    On a day with a heavy scheduled of data and a talk from the Fed chair, it was St Louis Fed President James Bullard who stole the show as the arch-dove said it wasn't time for a 50 bps cut and called instead for an 'insurance' cut, which suggests one cut rather than a series.
  • Nasdaq looks toward the 100 hour MA. Break of 50 hour MA turned the tide. Link
    ForexLive Tue 25 Jun 2019 19:16
    The 50 hour MA did indeed transition the level support to resistance, and the price has now moved toward the 100 hour MA. That MA currently comes in at 7864.38. The low reached 7880.15 so far.  
  • Citi expects no change from the RBNZ Link
    ForexLive Tue 25 Jun 2019 19:06

    Citi Research discusses its expectations for this weekend's Xi-Trump meeting and for tonight's RBNZ June policy meeting.

    G20 - "This week's focus will turn to the G20 meet between Presidents Trump and Xi. Citi's base case is for a US-China handshake but risk of tariffs remain," Citi projects. 

    RBNZ meeting - "Citi analysts expect RBNZ to keep the OCR unchanged at 1.50% this week but retain the option of future cuts. Dovish concerns are driven by the global outlook but domestic activity remains solid with "employment near its maximum sustainable level". The policy statement could conclude by saying "we will keep OCR expansionary for a considerable period to contribute to maximizing sustainable employment and maintaining low and stable inflation," Citi adds.

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