New Zealand Dollar: NZD/USD (NZD=X) statement from the RBNZ was rather more upbeat than the markets were expecting

New Zealand Dollar: NZD/USD (NZD=X) statement from the RBNZ was rather more upbeat than the markets were expecting Nearly two weeks ago, the Reserve Bank of New Zealand (RBNZ) left the Official Cash Rate unchanged at 1%, but said there is still scope for further stimulus if necessary. The RBNZ said that new information it…

United States Oil (USO) traders fearing the global economic slowdown will weigh on future demand

United States Oil (USO) traders fearing the global economic slowdown will weigh on future demand Oil prices fell on Monday, extending last week’s heavy losses, with traders fearing the global economic slowdown will weigh on future oil demand growth while pegging hopes for a rebound on progress in talks this week on ending the U.S.-China…

Australian Dollar: USD/AUD (AUD=X) RBA remains busy, as policymakers lowered rates for the third time since June

Australian Dollar: USD/AUD (AUD=X) RBA remains busy, as policymakers lowered rates for the third time since June The RBA remains busy, as policymakers lowered rates for the third time since June. The Aussie lost ground after the move, but recovered late in the week. Building Approvals declined 1.1%, marking a third successive decline. Retail sales…

British Pound: USD/GBP (GBP=X) key events include monthly GDP and manufacturing production

British Pound: USD/GBP (GBP=X) key events include monthly GDP and manufacturing production The pound managed to post gains despite gloomy British indicators. British GDP declined by 0.2% in the second quarter, marking the first time the economy has contracted since 2013. Manufacturing PMI improved to 48.3, but this marked a fifth straight month below the…