NZD/USD trades around 0.6045 on Friday after hitting an intraday high of 0.6079. The pair remains within a rising wedge formation, typically a bearish setup. NZD/USD hit 0.6089 on June 16, marking its YTD high, but has since lacked bullish follow-through. NZD/USD struggles to extend its recent advance on Friday, hovering near 0.6045 after an intraday high of 0.6079….
May prelim was 60.5 Final April reading was 52.2 Current conditions 64.8 vs 63.7 prelim Expectations 58.1 vs 58.4 prelim One -year inflation 5.0% vs 5.1 prelim Five-year inflation 4.0% vs 4.1% prelim Sentiment has rebounded from the April-May lows but still remains far below the levels from late 2024. The market reaction to the report has been minimal….
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
This narrow sea lane in the Gulf region is a route through which a fifth of the world’s oil and liquefied natural gas (LNG) flows, feeding a large part of the global economy. The northern side is controlled by Iran. As of 2023, 20% of the world’s liquefied natural gas and 25% of seaborne oil trade passes through the…
Australia CFTC AUD NC Net Positions: $-72.6K vs previous $-69.4K
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
United States CFTC Oil NC Net Positions: 233K vs 231K
US Treasury Secretary Scott Bessent said something interesting on trade on Fox Business today: “If we can ink 10 or 12 of the important 18 — there are another important 20 relationships — then I think we could have trade wrapped up by Labor Day,” Bessent said Labor Day falls on September 1 this year. Now this might be…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
The May annualized trimmed mean reading of PCE inflation from the Dallas was 2.0%, down from 2.7% in April. This article was written by Adam Button at www.forexlive.com.
