NZD/USD trades above 0.5830, adds more than 2% on USD selloff, upbeat sentiment
Forex News

Drops further below 0.6000 on Chinese statistics

NZD/USD refreshes intraday low after China Retail Sales drop below expectations. Thursday’s low on the bears’ radar, a confluence of 100-HMA, weekly resistance line guards recovery moves. NZD/USD drops the int...

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Forex News

When are the UK data releases and how could they affect GBP/USD?

The UK Economic Data Overview The British economic calendar is set to dominate the markets moves at 06:00 GMT with the first quarter (Q1) GDP figures for 2020. Also increasing the importance of that time are Ma...

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Forex News

When is the RBNZ and how it could affect NZD/USD?

Early Wednesday at 02:00 GMT market sees monetary policy decision by the Reserve Bank of New Zealand (RBNZ). Also increasing the importance of the event is the quarterly release of the RBNZ Rate Statement, to b...

Expects the effects on demand to go on for around a year after lockdown
Forex News

Expects the effects on demand to go on for around a year after lockdown

During the May month Bank of England (BOE) monetary policy report, the Governor Andrew Bailey suggestion mildly positive sentiment, which in turn could help suport the GBP/USD pair’s initial run-up. &#822...

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Forex News

When is the Bank of England rate decision and how could it affect GBP/USD?

Following two consecutive emergency meetings, the Bank of England (BOE) is up for contributing to the “Super Thursday” at 06:00 AM GMT, with a surprise change in time. The routine Interest Rate Decision will be...

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Forex News

AUD/USD regains 0.6400 after upbeat Aussie Trade Balance

AUD/USD benefits from better than forecast Australian Trade Balance. Risk-tone remains heavy amid US-China tussle, pre-event/data caution limit market moves. China trade figures, US Jobless Claims and qualitati...

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Forex News

When is the Australian Retail Sales and how could they affect AUD/USD?

Retail Sales overview Early Wednesday, the market sees the final reading for the March month Retail Sales data from Australia at 01:30 GMT. Following a 0.5% increase in February, markets are expecting to confir...

S&P affirms New Zealand's AA Ratings with outlook – Positive
Forex News

When is the New Zealand Q1 employment data and how could it affect NZD/USD?

New Zealand quarterly employment report overview Early Wednesday in Asia, at 22:45 GMT Tuesday world over, the global market sees the quarterly employment data from Statistics New Zealand. Despite including onl...

China’s 2020 GDP forecast is 2.3%
Forex News

When are China’s official PMI data and how could they affect AUD/USD?

China Federation of Logistic and Purchasing will release April month’s official PMI  numbers around 01:00 GMT on Thursday. Aussie traders will be particularly interested in watching how the largest customer’s k...

NZD/USD retreats to 0.5800 area
Forex News

NZD/USD remains on the front foot above 0.6000 after New Zealand trade figures

NZD/USD cheers upbeat monthly Trade Balance, Export and Imports while ignoring weaker than expected YoY figures. Antipodeans benefit from increasing odds of the economic restart, downbeat US dollar. A heavy eco...