Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
New Zealand Dollar: Hawkish RBNZ but kiwi seen vulnerable – Commerzbank
Commerzbank’s Volkmar Baur reports the Reserve Bank of New Zealand (RBNZ) lifted the Official Cash Rate (OCR) to 2.5%, with the New Zealand Dollar (NZD) gaining slightly versus US Dollar (USD).
South Africa Net $Gold & Forex Reserve declined to $71.338B in June from previous $73.467B
South Africa Net $Gold & Forex Reserve declined to $71.338B in June from previous $73.467B
GBP/USD Price Forecast: Sustenance above 20-day EMA backs further upside above 1.3400
The GBP/USD pair trades almost flat at around 1.3355 during the European trading session on Wednesday. The Cable consolidates as investors await the Federal Open Market Committee (FOMC) minutes of the June policy meeting, which will be published at 18:00 GMT.
South Africa Gross $Gold & Forex Reserve : $74.115B (June) vs previous $76.58B
South Africa Gross $Gold & Forex Reserve : $74.115B (June) vs previous $76.58B
South Africa Net $Gold & Forex Reserve up to $71338B in June from previous $73.467B
South Africa Net $Gold & Forex Reserve up to $71338B in June from previous $73.467B
South Africa Gross $Gold & Forex Reserve dipped from previous $76.58BÂ to $74.12B in June
South Africa Gross $Gold & Forex Reserve dipped from previous $76.58BÂ to $74.12B in June
Euro: Range trade around key supports against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang highlights EUR/USD’s failure to extend its recent advance, with momentum fading after a retreat from recent highs.
Sweden Industrial Production Value (MoM) down to 0.2% in May from previous 4.2%
Sweden Industrial Production Value (MoM) down to 0.2% in May from previous 4.2%
Sweden Industrial Production Value (MoM) dipped from previous 4.2%Â to 0.6% in May
Sweden Industrial Production Value (MoM) dipped from previous 4.2%Â to 0.6% in May
Sweden Industrial Production Value (YoY) fell from previous 7.1% to 6.9% in May
Sweden Industrial Production Value (YoY) fell from previous 7.1% to 6.9% in May
AUD/JPY Price Forecast: Edges higher above 112.50 as mildly bullish bias persists
The AUD/JPY cross gathers strength to around 112.70 during the early European session on Wednesday. Nonetheless, renewed tensions between the US and Iran, and fears of possible intervention by Japanese authorities might support the Japanese Yen (JPY) and cap the upside for the cross.
China lifts fuel export restrictions for July — Reuters
China has lifted refined fuel export restrictions for July and allowed a private refiner ‌to resume shipments after a four-month pause, Reuters reported on Wednesday, as the world’s biggest refiner returns toward normal after disruptions from the Iran war.
Sweden New Orders Manufacturing (YoY): 1.3% (May) vs previous 6.3%
Sweden New Orders Manufacturing (YoY): 1.3% (May) vs previous 6.3%