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NZD under pressure ahead of the elections – what’s next?

The New Zealand dollar is under pressure from all sides and against many currencies. What’s in store for NZD/USD and AUD/NZD? Here are several opinions: Here is their view, courtesy of eFXnews: NZD: A Sell On Rallies Ahead Of A ‘Perfect Storm’ – ING ING FX Strategy Research argues that NZD/USD is a sell on rallies […]

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Non-Farm Payrolls 156K for August 2017; wages +0.1% m/m — USD slides

Lower than expected data in the US: only 156K jobs were gained and wages went up by 0.1%, lower than expected on both fronts.The participation rate was unchanged at 62.9%. Wages y/y are still at an annual pace of 2.5%. Overall, not a great report on both wages and headline job growth.   The US […]

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ADP NFP beats expectations with 237K – USD extends recovery

A much better than expected jobs report from ADP: no less than 237K jobs were gained in August, up from an upwards-revised 201K. All in all, this can be seen as a beat worth 54K for August and +23K for July = 77K. America is hiring. It’s all good and the US dollar reacts positively […]

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US GDP revised up to the magic 3% level – USD looks strong

The good news from the US keeps on flowing: Q2 GDP was revised up to the magic number of 3% annualized. President Trump will probably take a victory lap on this number. The US dollar extends its gains EUR/USD slips under the 1.19 level, completing a big U-turn from the highs. USD/JPY extends its gains […]

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US CB Consumer Confidence beats with 122.9 – USD ticks up

American consumers are more confident. Will they go on a shopping spree? In any case, this is good news that sends the US dollar slightly higher. CB Consumer Confidence came out at 122.9 points, better than expected and higher than 120 points in July, according to the revision. Here is the reaction as seen on […]

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