2019

Reverse trend line support comes in at 1.1158
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Later today we have the most anticipated event for the currency markets for this month: the end of the FOMC meeting. The overwhelming expectation is for the Fed to keep the current rate steady. And the majority of the focus is turning to…
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The early Asian trading session today saw the release of the first quarter employment report. New Zealand’s unemployment rate fell slightly to 4.2% as forecast from 4.3% previously. The quarterly employment change fell 0.2% missing…
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The Institute of Supply Management (ISM) will be releasing April’s report for the manufacturing sector today. According to the median poll of economists, manufacturing activity is forecast to dip from March’s rebound. In March,…
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Later tonight we are expecting the New Zealand equivalent of the NFP: the quarterly official employment numbers. Traditionally, this release supplies some volatility to NZD pairs. And it's definitely important to keep in mind now that…
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The US dollar extended declines for a second consecutive day. Economic data on the day was focused on the PCE and personal spending income reports. The Fed meeting due on Wednesday is also weighing on the USD. Meanwhile, the US and China…
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Expect trading to remain mixed and volatile. Preferred trade is to sell into rallies.
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The Conference Board’s consumer confidence report will be coming out later today during the NY trading session. The median estimates point to consumer confidence picking up following the decline in March. The rebound in consumer…
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