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    DAILY MARKET ANALYSIS

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

    31 May 2024
    NZD rises against slow economic growth in the U.S. 

    Key Points:  New Zealand dollar rises to $0.612 as economic growth in the US is slower than expected, indicating potential for rate cuts.  Investors await US PCE inflation data and the speech from RBNZ Governor Adrian Orr.  The New Zealand …

    31 May 2024
    Dollar steadies before inflation test; Yen unaffected by Tokyo CPI

    Key points: U.S. economy grew at a 1.3% annualised rate from January through March, down from an estimated 1.6%. Market participants eye the upcoming PCE inflation report for further direction on U.S. interest rates. On Friday, the dollar was recovering …

    30 May 2024
    Wheat prices uncertain following weather prediction in Russia 

    Wheat prices drop to $6.84 following forecasted rain in southern Russia and Ukraine. A stronger US dollar also pressures the demand of farm goods.

    30 May 2024
    Cable struggles below 1.0800 as key support levels loom

    Key Points: EUR/USD falls below 1.0800: The currency pair dips under a significant threshold, influenced by a strong dollar and higher yields. Technical support in focus: Near-term support levels are crucial as the pair tests critical technical markers. The EUR/USD …

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