After the Eurozone came across multiple hurdles in their vaccination rollout, including delayed deliveries and concerning side effects, the EU can now resume its rollout of the Johnson & Johnson vaccine. The European Union’s drug regulator found that the positives of the vaccine outweigh any side effects that it could incur. The J&J vaccine must […]

As increasing house prices boost consumer confidence and the reopening of state borders across the country encourages more families to spend on travel, Aussie Retail Sales exceeded forecasts in March. Sales increased 1.4% in March from the previous month, outdoing the 1% consensus.  In recent months, household consumption has seen a significant increase supported by […]

GBP Consumer Price Index (MoM)(Mar) 0.3% actual, 0.3% consensus GBP Retail Price Index (YoY)(Mar) 1.5% actual, 1.6% consensus GBP PPI Core Output (YoY) n.s.a (Mar) 1.7% actual, 1.3% consensus GBP Consumer Price Index (YoY)(Mar) 0.7% actual, 0.8% consensus GBP Core Consumer Price Index (YoY)(Mar) 1.1% actual, 1.1% consensus GBP Producer Price Index – Input (MoM) […]

As the US Economy strengthens and supply constraints increase prices in some sectors, the economy may see some short-term inflation. However, Federal Reserve Fed Chair Jerome Powell, assured that the Federal Reserve is devoted to maintaining overshoot within its limits. Powell also said that the Fed is not seeking inflation that exceeds 2% nor do […]

AUD Westpac Leading Index (MoM)(Mar) 0.38% actual AUD Retail Sales s.a. (MoM)(Mar) 1.4% actual, 1% consensus

NZDUSD has found intraday support, at the 61.8% fibonacci level. This follows the positive NZD Consumer Price Index data today, giving the Kiwi some strength. The trendline resistance lies just above market price.

The former Reserve Bank of New Zealand (RBNZ) Chief Economist, Sharon Zollner, was interviewed by MNI and stated that New Zealand does not need as much fiscal or monetary support as was previously thought.    She mentioned that lower-than-expected government borrowing and New Zealand’s economic recovery means that the RBNZ is not likely to reach […]

So far this week USDCHF has been depreciating, despite the 10 year note yield rising last week to a yield of 1.68%. This is typically a USD bullish measure, however with the economic impacts of the pandemic and updates around the vaccine triggering market moves, traditional economic indicators have had muted impacts on the market. […]

JPY Industrial Production (YoY)(Feb) -2% actual, -2.6% consensus JPY Industrial Production (MoM)(Feb) -1.3% actual, -2.1% consensus JPY Capacity Utilisation (Feb) -2.8% actual, 3.2% consensus