MNI BRIEF: China Steel Market To Remain Subdued In August

MNI China Daily Summary: Thursday, August 1

MNI: BOE VOTES 5-4 FOR 25 BPS RATE CUT AT AUG MEETING

MNI BRIEF: CNB Cuts 2W Repo Rate By 25Bps To 4.5%

MNI BRIEF: Japan Q2 GDP To Rise 0.5% Q/Q; 2.2% Annualised

MNI BRIEF: China Retains Ample Policy Space In H2 – NDRC

MNI: US JUN CONSTRUCT SPENDING -0.3%

MNI: US ISM JUL MANUF PURCHASING MANAGERS INDEX 46.8

MNI: US JUL FINAL MANUFACTURING PMI 49.6 (FLASH: 49.5); JUN: 51.6

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Muted Start On Monday, Q1 GDP Headlines Week's Docket

NZD

NZD/USD prints at $0.6120/30, the pair is ~0.1% lower than Friday's closing levels. Ranges have been narrow as liquidity remains thin in a muted start to Monday's trading.

  • On Friday the pair firmed ~0.5% remaining well supported through the session with firmer US equities boosting risk appetite. We now sit ~2.3% above year to date lows seen in late May.
  • NZD/USD broke resistance at $0.61111, and sits on the 20-Day EMA ($0.6121). Bulls target a break of $0.6139 (high from 9 June) which opens up $0.62 round number resistance.
  • On the downside bears attention is on a break of $0.61, from here they target low from May 31 ($0.5985).
  • AUD/NZD is holding above $1.10, ranges have been narrow in recent sessions with narrow ranges persisting.
  • Cross asset wise; on Friday S&P500 rose 0.3% and BBDXY was little changed. 10 Year Us Treasury Yields were ~2bps higher.
  • On the wires today we have May Card Spending. Q1 GDP on Wednesday headlines the week's docket, a 0.1% contraction Q/Q is expected.
BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange BulletsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.