The Reserve Bank of New Zealand made announcements regarding its monetary policy. The NZD/USD dropped.
Important US indicators will highlight this Friday
The United States will release the indicators of core durable goods orders and personal spending on September 27, at 15:30 MT time. The core durable goods orders represent the change in the total value of new purchase orders for durable goods, excluding transportation items. This time they are going to be released together with the indicator of personal spending, which is the change in the inflation-adjusted value of consumers’ expenditures. According to the forecasts, core durable goods orders will advance by 0.2%, while personal spending will increase by 0.3%.
• If the actual levels of indicators are higher than the forecasts, the USD will rise;
• If the actual levels of indicators are lower than the forecasts, the USD will fall.
The US CPI and core CPI are due at 15:30 MT time on May 12.
April seasonal patterns weren’t supposed to work, but somehow they did. Even a strong fundamental issue such as the global recession amid the coronavirus couldn’t overwhelm it. That’s why May seasonal patterns may work as well.
Stocks, oil and GBP gain on risk-on sentiment
Investors weigh reopening economies against the growing US-China tension. Which impulse will be stronger?
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