Gold in free-fall

Market Insight

The strong dollar recovery has contributed to the nosedive that gold is taking. with America’s COVID situation and the little to no progress in the fiscal talks have also lead to gold free falling without a shoot. The run up was spectacular and the trend showed it would remain. But The bears came out of […]

RBNZ Flat lines on interest rates

After only four new cases of coronavirus, New Zealand is going into lockdown again today. Prime Minister Jacinda Ardern announced Auckland would return to stage three restrictions for three days starting Wednesday after its 100 day streak of not a single single recorded case was broken. The fear comes not in the fact there are […]

Kiwi unemployment figures expected to spike

Jacinda Ardern has been praised for her handling of the coronavirus pandemic and her countries response to her leadership during such a time. With only 1567 infections recorded and 1523 recovered. However the economy hasn’t weathered the storm. It seems as though the virus has been a burden on the labor market and it shows […]

The week ahead

Another month another week of reporting. We have a big week for the Aussie and the Pound. However starting off the week is the USD with ISM Manufacturing PMI for July. Manufacturing is a significant indicator of overall economic conditions in the US. A result above 50 is seen as bullish and this month general […]

NZD/USD hits the wall at 0.66 after trade data release

After enjoying a 5 day rally, the pair was walking down the streets of Auckland with its chest out and feeling quite thrilled with itself after reaching a high of 0.6640 in Friday’s Asia session. However NZ’s June trade numbers brought in mixed emotions. Tradde Balance recovered from $-1.2B to $-1.2B. But then it’s monthly […]