-
US indices finished yesterday's trading lower. S&P 500 dropped 0.81%, Nasdaq slumped 2.35% lower and Russell 2000 moved 1.56% lower. Dow Jones was an exception as it gained 0.15%
-
In spite of a poor Wall Street session, indices from Asia-Pacific are traded higher today. S&P/ASX 200 and Kospi gained 0.6% while indices from China traded up to 0.7% higher. Nikkei dropped 0.2%
-
DAX futures point to a higher opening of the European cash session
-
The Reserve Bank of New Zealand delivered a 50 basis point rate hike, in-line with expectations, pushing the official cash rate to 2.00%. This is fifth rate hike in a row and second straight 50 basis point rate hike
-
RBNZ Governor Orr said that the central bank stays committed to bring inflation under control and hinted that rates may increase beyond neutral levels. NZDUSD gained and reached 3-week high near 0.6500
-
South Korea and the United States conducted military drills today after North Korea fired 3 ballistic missiles into Sea of Japan
-
Australian construction work done dropped 0.9% QoQ in Q1 2022 (exp. +1.0% QoQ)
-
API report pointed to a 0.57 million barrel build in US oil inventories (exp. -0.6 mb)
-
Cryptocurrencies traded mixed on Wednesday but major coins gained. Bitcoin gains 1.3%, Ethereum trades 0.6% higher
-
Brent and WTI trade 0.5-0.6% higher
-
Precious metals pull back slightly. Palladium is an exception and gains 0.7%
-
NZD and GBP are the best performing major currencies while CHF and EUR lag the most
NZDUSD tested 0.6500 mark following a 50 bp rate hike from RBNZ. The pair reached a 3-week high but bulls struggle to hold onto those gains. Source: xStation5
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
