Kiwi Jumps After Orr’s Speech

 

The New Zealand dollar was put on a strong bid after the positive comments of RBNZ Governor Adrian Orr. He noted that they will not need an unconventional monetary policy tool since many central banks are experiencing the same challenge. RBNZ is confident that the rates will remain low for several years to provide a great environment to invest.

The US dollar sharply gained on renewed US-China trade hopes after Trump suggested an agreement with China might come sooner than anyone thinks. However, some of the gains were pared due to impeachment bid against Trump. Treasury yields and futures also dropped.

Political headlines and trade developments will continually dominate the market this Thursday. But these major events should also be watched out for some trading incentives:

0600 GMT: German GFK Consumer Confidence Survey (OCT)
0800 GMT: Eurozone Economic Bulletin Report
1230 GMT: USD Weekly Jobs data (SEP)
1230 GMT: USD GDP and PCE (QoQ)
1330 GMT: ECB’s Draghi Speech
2330 GMT: JPY CPI (SEP)

NOTE: Traders are advised to be cautious and be updated on the major economic news causing high volatility to achieve better trading results.


Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. The Bullfx (thebullfx), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.

Post categories

 

Symbol Bid Ask Spread
EURUSD 1.11109 1.11127 1.8
GBPUSD 1.28876 1.28898 2.2
USDCAD 1.31697 1.31718 2.1
USDJPY 108.780 108.798 1.8
USDCHF 0.99141 0.99162 2.1
AUDUSD 0.68263 0.68283 2
NZDUSD 0.63267 0.63290 2.3
EURGBP 0.86205 0.86223 1.8
EURCHF 1.10164 1.10184 2
EURJPY 120.874 120.893 1.9
AUDJPY 74.264 74.284 2
GBPJPY 140.202 140.231 2.9
USDSGD 1.36469 1.36491 2.2
XAUUSD 1486.31 1486.62 31
XAGUSD 17.431 17.458 2.7

The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed.

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