The New Zealand Dollar (NZD) could retest the 0.5865 level before a rebound is likely; the strong support at 0.5850 is unlikely come under threat.
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European equities look to bounce back in the new day
Eurostoxx +0.5% Germany DAX +0.6% France CAC 40 +0.5% UK FTSE flat Spain IBEX +0.5% Italy FTSE MIB +0.5% This comes with US futures also
Pound Sterling turns muted ahead of MPC hearings
The Pound Sterling trades back and forth ahead of several BoE members’ hearings before the Treasury Committee. Traders expect that the BoE will cut interest
European equities little changed to open up the week
Eurostoxx +0.1% Germany DAX +0.1% France CAC 40 +0.1% UK FTSE +0.1% Spain IBEX flat The changes are light, reflecting the mood in US futures
Pair saw a volatile session, high near 20-day SMA then retreated
NZD/USD pair traded volatile during Friday’s session, clearing all of its daily gains. Pair initially soared to a high around 0.5970 near the 20-day SMA
PBOC is expected to set the USD/CNY reference rate at 7.1122 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting
EUR/USD holds above 1.0850 on weaker US Dollar, eyes on US PCE data
EUR/USD edges higher to around 1.0855 in Thursday’s early Asian session. Private sector employment increased by 233,000 jobs in October. The Eurozone HICP and the
UK budget: Commerzbank analysts optimistic about long-term growth potential
The UK budget is due later today, Wednesday, October 30, 2024. Commerzbank analysts give a heads up for GBP gains: if the budget combines austerity