Tag: NZD

US Dollar Takes NFP Hit But Ends Up Higher on the Week

The US dollar fell on Friday after the U.S. non farm payrolls (NFP) came in below expectations with only a gain of 157,000 but otherwise the unemployment rate dropped to 3.9 percent and wage growth remained unchanged at 0.3 percent. The greenback is still higher against most majors on a weekly basis. The past five […]

Canada: International merchandise trade, June 2018

Canada’s merchandise trade deficit with the world narrowed from $2.7 billion in May to $626 million in June, the smallest deficit since January 2017. Total exports increased 4.1%, mainly on higher exports of energy products and aircraft. Total imports edged down 0.2%. In real (or in volume) terms, exports rose 2.1% and imports were down […]

Big revisions offset July miss on payrolls

By the numbers: July NFP and U.S Trade Average hourly earnings m/m: +0.3%e vs. +0.3%a Average hourly earnings y/y: +2.7%e vs. +2.7%a U.S employment change: +193Ke vs. +157Ka U.S unemployment rate: +3.9%e vs.+3.9%a Prior change in NFP: revised higher from +213K to +248K Prior change in private payrolls: revised higher from +202K to +234K Prior […]

NFP could lift dollar higher

Friday August 3: Five things the markets are talking about President Trump’s unpredictability on trade is keeping capital markets on the back foot and a theme that is not expected to change anytime soon. The ‘big’ dollar remains better bid ahead of this morning U.S jobs report (08:30 am EDT), supported mostly by the markets […]

Dollar Awaits Jobs Report Amid Trade Uncertainty

The US dollar is higher against major pairs on Thursday in anticipation of a strong U.S. non farm payrolls (NFP). The U.S. Federal Reserve kept rates unchanged on Wednesday and without a press conference there was little guidance for the markets who will have to wait until the minutes from the Federal Open Market Committee […]

BoE hike a close call

Thursday August 2: Five things the markets are talking about The Bank of England is more likely than not to hike interest rates +25 bps to +0.75% this morning (07:00 am EDT), but this has only recently become a closer call. June’s BoE meeting minutes showed that three out of nine MPC members voted to […]

Trade war angst trumps Fed rate decision

Wednesday Aug 1: Five things the markets are talking about Over the past fortnight, fixed income, forex and the commodities market have become rather boring and range bound. Will today’s Fed monetary policy announcement be the facilitator to end this market consolidation? Futures prices would suggest rather strongly that, nope, there is nothing new to […]

Dollar Higher Ahead of Fed Meeting OANDA Market Beat Podcast

OANDA Senior Market Analyst Alfonso Esparza reviews the major upcoming market news, macro analysis and economic indicator releases that will impact currencies, stocks other asset classes. Joining him this week is OANDA’s Vice President of Research Dean Popplewell Subscription available on iTunes https://goo.gl/TZEWRW and GooglePlay https://goo.gl/cRBk39. Tune in every Tuesday and don’t miss a beat […]

BoJ’s new script supports the carry-trade

Tuesday July 31: Five things the markets are talking about Sovereign government bonds prices have rallied overnight as the Bank of Japan (BoJ) again committed to keep its “ultra-loose” monetary policy intact. As expected, Japanese policy makers tweaked some policies, but signalled rates to stay low for an “extended period of time.” In respect to […]

G7 FX moves look to central banks for direction

Monday July 30: five things the markets are talking about Stocks begin a new week under pressure, as investors mull over some lofty corporate earnings and a number of key policy meetings. A host of G10 central banks are on tap to offer their monetary policy decisions – the Bank of Japan (BoJ), Reserve Bank […]