NZD/USD trimmed Thursday’s gains, stumbles below 0.6400
NZD/USD finished the week with solid gains of 0.6700%, spurred by softer US CPI data. Consumer inflation expectations in the US edged lower and weighed on the US Dollar. NZD/USD Technical Analysis: Failure at 0.6400, cheered by sellers, eyeing a fall to 0.6300. The NZD/USD retraced after testing the current week’s high of 0.6417, dropped […]
GME backtracks after Thursday’s 8% gain
GameStop stock has shed value on Friday alonside broad market. Tesla cutting its prices in the United States has hurt its share price. Bed Bath & Beyond stock has lost more than 5%. Bank earnings results in the premarket were robust, but JPMorgan still expects a recession. GameStop (GME) stock has given back 0.6% on Friday […]
Market Update – January 11 – Dollar stands still ahead of Thursday’s CPI
Treasuries were more unidirectional while Yields have crept higher led by the long end. The curve has bear steepened to -65.6 bps from -68 bps Monday and -74 bps before Friday’s data. Wall Street was very choppy, trading either side of unchanged, after a positive opening. Chair Powell did not […]