Market analysis from City Index
We quickly summarise events from last week, then take a look at four key events traders are looking forward to this week.
RBNZ were one of the first central banks to hike rates, and could one of the last to finish at the rate they are going. We'll cover key economic developments, NZD crosses and what to expect ahead of this potentially live meeting.
We made a case that the dollar was at or near oversold levels, and momentum has now turned higher. With hawkish Fed members out in force and a US inflation report pending, let's update a few of our trade ideas around the dollar.
Shorting USD/JPY is not a new idea and, as the pair has erased around half of its 21-month rally whilst holding above key support levels, we see the potential for a bounce over the coming weeks.
One week down, plenty more to go. We'll take a quick look at key themes and events that are driving market, what to look out for next week and include charts and potential setups for the watchlist.
Your Monday recap of moves and news that matters - with some charts!