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    DAILY MARKET ANALYSIS

    Stay on top of your trading with analyses of the latest market news.

    17 July 2024
    Dollar falters as Fed rate cuts approach

    Key points: The dollar showed mixed performance after U.S. retail sales data, with traders eyeing potential Fed rate cuts in September. The New Zealand dollar gained 0.46% to $0.6078 due to higher-than-expected non-tradable inflation. The dollar experienced a mixed performance …

    16 July 2024
    Google eyes $23 billion acquisition of cybersecurity firm Wiz

    Key Points:  Google is in talks to acquire cybersecurity firm Wiz for $23 billion.  This comes weeks after Google walked away from a $25 billion deal to acquire HubSpot.  The acquisition aims to bolster Google’s cloud-based cybersecurity capabilities.  Google (Symbol: …

    16 July 2024
    GBPUSD reaches one-year high on positive UK and negative US economic data

    Key Points:  The British pound reached a one-year high.  UK growth expanded by 0.4% in May, and US inflation dropped to 3.0% in June.  The upcoming interest rate decision by the Bank of England on August 1 could influence the …

    16 July 2024
    Australian and NZ dollars rise against the yen but fall against the dollar

    Key points The Australian dollar strengthened 0.2% to 106.98 yen, rebounding for the first time in four sessions. The New Zealand dollar also rose 0.2% to 96.11 yen after four sessions of declines. The Australian dollar climbed 0.2% to 106.98 …

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