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BOC Meeting Opens Up Bearish NZDCAD Risks

BOC Up NextThe Bank of Canada meeting today is drawing plenty of attention with the BOC widely expected to hike rates by a further .25% on the back of last month’s unexpected rate hike. The BOC...

RBNZ Pauses After 12 Consecutive Hikes

RBNZ Holds Rates SteadyFollowing 12 straight months of rate hikes, the RBNZ held monetary policy unchanged at the July MPR overnight. Sitting at 5.5%, the RBNZ noted that policy would remain unchanged...

USD Sell-Off Leaves Gold Room to Rally

USD Under PressureGold prices are rallying on Tuesday as the USD sell off deepens. The greenback came under pressure late last week as the latest round of US labour market readings failed to deliver...

GBPJPY Correction Offers Bullish Opportunities

UK Data in FocusGBPJPY is correcting sharply lower today as JPY gains on USD weakness. The latest set of UK labour market readings today have kept hawkish BOE expectations well-primed. However, with...

Meta Rally Continues As Threads New Users Soars

Threads Users SoaringMeta is trading higher again today ahead of the open as focus stays on the continued growth in popularity of new social media app Threads. The app, launched last week, has been...

GBP Higher On Fresh Wage-Growth Increase

Wages Rise AgainGBP is trading higher today on the back of the latest set of UK labour market indicators, which have helped keep hawkish BOE expectations entrenched. While the unemployment rate was...

Modest US Payrolls Spur Dollar Sell-Off but CPI may Come to the Rescue

Until the NFP release last Friday, the US fundamental backdrop was quite favorable for the dollar and equities. ADP reported around 500,000 new jobs, and the ISM services activity index comfortably...

Tesla Losing Market Share in China As Price Wars Heat Up

Lower Start for TeslaShares in Tesla are trading a little lower ahead of the open on Monday. Following a breakout to fresh highs for the year last week, prices have since cooled wit the stock now...

Weak Start For GBP Following Bailey Comments

Bailey Notes BOE FlexibilityGBP is starting the week under a bit of pressure following comments from BOE governor Bailey yesterday. Speaking at a conference in France, Bailey noted that the BOE would...