The Kiwi pair staying on the back foot and it’s being underpinned by expectations of a rate hike by the Reserve Bank of New Zealand (RBNZ) on next month and Friday’s boosted U.S. jobs report that likely signaled the Federal Reserve would refrain from announcing any tapering plans sooner than expected and higher U.S. Treasury [...]
Shares of Australia are heading for a stronger start on Tuesday as metal prices are likely to rise amid political uncertainty in Guinea, with investors sidelined ahead of the central bank's September policy meeting. Investors are waiting for the Reserve Bank of Australia's (RBA) policy meeting; the sentiment seems somewhat tense as authorities struggled to [...]
The Consumer Price Index (CPI) has the important role in forex trading. It is an important economic indicator and CPI affects not only foreign exchange but also interest rates and stock and bond prices. CPI shows the complete and true picture of inflation. Consistent rise in CPI promises the assured economic growth. Inflation consistent rises [...]
Euro is quite flat today and the ECB hawks are spooked by the recent rising inflation numbers but the doves are firmly in control right now and so the policy is likely to remain loose for the time being. There were almost too many hawks on the newswires to name but among them were ECB [...]
