Intraday Market Thoughts
Archived IMT (2010.06.09)
by
Jun 9, 2010 17:07
RBNZ RATE HIKE? Markets price a 81% chance of a 25-bt rate hike by the RBNZ to 2.75% (21:00 GMT today) A spike in inflation expectations to an annual 2.9% in Q2 from 2.1% and unemployment dropped to 6.0% from above 7.1%, could prompt a rate hike alongside a hawkish policy statement. NZDUSD eyes 0.6780s trend line resistance, while NZDJPY faces prelim resistance at 61.80s. Key pressure stands at 62.50s. As long as Asian equities take the baton from a positive US session, the risk trade will add more gains to AUD and NZD pairs at the expense of JPY.
Latest IMTs
-
Recording of Ashraf's Today Session
by Adam Button | Mar 3, 2021 22:36
-
Central Bank Schism Appears
by Adam Button | Mar 2, 2021 17:00
-
CNH vs DXY & RBA Cuts Down Yields
by Adam Button | Mar 1, 2021 18:50
-
Enough for JPY? كفاية للين أم لا؟
by Ashraf Laidi | Mar 1, 2021 17:57
-
5 Things on Gold & Yields before more Powell
by Ashraf Laidi | Feb 26, 2021 21:20