EUR/USD 1.12220
-0.140%
Gold 4175.53
0.163%
Oil 96.863
-1.981%
USD/JPY 158.032
0.026%
GBP/USD 1.33265
-0.010%
GBP/JPY 210.606
0.016%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
October 19th - A surge in UK government bonds has been triggered by bets from some major investors that Chancellor of the Exchequer John Healy will maintain fiscal discipline in his first budget. Institutions such as M&G Plc and Ninety One Plc have already bought UK bonds ahead of the budget announcement on October 28th. They anticipate that if Healy demonstrates solid control over spending and borrowing, bond yields could decline. Moyeen Islam, UK interest rate strategist at Barclays, stated, "From a bond market perspective, a plain budget might be the best outcome for a new Chancellor in an uncertain environment. With global markets focused on Washington, Paris, and Tokyo, Healy shouldnt offer any unique UK-related topics to the global market to avoid unnecessary attention."On October 19th, Nakatani, a strategist at Mitsubishi UFJ Morgan Stanley Securities, stated that ongoing fiscal concerns may dampen demand for Japans 20-year government bonds to be issued on Tuesday. He noted, "Given the potential for a significant increase in final budget spending for fiscal year 2027 and uncertainty surrounding the funding sources for the consumption tax cut, market caution regarding a possible increase in government bond issuance is likely to persist. On the other hand, the stagnation in global sovereign bond yield growth is expected to support investor demand." Japans Ministry of Finance plans to auction 700 billion yen in 20-year government bonds on Tuesday.The New Taiwan dollar depreciated to 32.572 against the US dollar, its lowest level since late April 2025.On October 19th, XTB Research Director Catherine Brooks wrote that the unrest in France could have financial and fiscal implications. Over the weekend, riots broke out in France, the Eurozones second-largest economy. Approximately 500,000 protesters took to the streets to express their discontent with the high cost of living. Brooks stated that the protests could widen the yield spread between French and German government bonds and potentially impact the euro. "If these riots boost support for anti-EU Marine Le Pen, then we could see the euro fall further," she warned.Jefferies: Lowered its price target for Reddit from $225 to $200.

Prior to the release of US inflation statistics, the NZD/USD records a three-day increase near to 0.6150

Daniel Rogers

Sep 13, 2022 11:00

 截屏2022-09-13 上午9.47.21.png

 

Despite the current sideways grind, NZD/USD bulls remain in control around mid-0.6100s as markets await Tuesday's critical US inflation data. It is noteworthy that the recent improvement in New Zealand sentiment and statistics, along with lowered US inflation expectations, have put pressure on the NZD/USD exchange rate.

 

While the Food Price Index outperformed market forecasts by 0.6% to reach 1.1% over the same month, compared to 2.1% in July, the New Zealand REINZ House Price Index improved to -1.3% MoM in August from -1.4% in July.

 

Consumers in the US predicted inflation to be 5.75 percent over the next 12 months in August, down from 6.2% in July and the lowest since October 2021, according to the New York Fed's monthly consumer expectations survey data released on Monday. According to new figures from Reuters, inflation expectations for the next three years averaged 2.8% in August as opposed to 3.2% in July.

 

Reports on Monday that Ukraine is making progress in driving the Russian troops out of some of its territory seems to have strengthened the market's circumspect optimism while also arousing worries about Russia's severe retaliation, which benefited the NZD/USD bulls. It's possible that big economies like China, the United States, the United Kingdom, and Europe will provide extra stimulus in a similar manner. The most recent Wall Street Journal (WSJ) report showing that US gas prices had decreased for the twelfth consecutive week also reduced market pressure and increased the price of gold.

 

The recent Financial Times (FT) stories revealing divergent viewpoints over US President Joe Biden's chip strategy that challenges China, on the other hand, seem to test the NZD/USD buyers. The cautious attitude also seems to be influenced by Chinese President Xi Jinping's determination to restore Beijing's authority on his first international trip after covid-led lockdowns, as this might heighten US-China relations.

 

The higher closing price on Wall Street, which ignored the favorable US Treasury yields, indicates that the risk-on attitude in this situation weighed on the US Dollar Index. It should be noted that recent increases in US Treasury rates have reversed, but small gains have been seen in S&P 500 Futures as of the time of publication.

 

Traders of the NZD/USD pair will be closely watching China's return after the extended weekend. The US CPI for August, however, will be the topic of most discussion. The forecasts show that the headline number will fall from 0.0% to -0.1% MoM while the CPI excluding food and energy is predicted to be stable at 0.3% MoM. The NZD/USD pair may continue to rise if inflation numbers are less than forecast.


Suggestion