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 […]