NZD/USD Eyes Risk Trends and China Loan Prime Rate in APAC Trading
NZD/USD is near its monthly lows as traders digest Kiwi economy data. China’s PBOC will announce 1- and 5-year loan prime rates (LPRs) today as Omicron risks linger.
NZD/USD is near its monthly lows as traders digest Kiwi economy data. China’s PBOC will announce 1- and 5-year loan prime rates (LPRs) today as Omicron risks linger.
Nasdaq 100 rises for the second day in a row as market sentiment continues to improve and traders rush to increase their exposure to risk assets on fears of missing out on the Santa Rally.
BoE rate hike impact on UK assets 3-months after liftoff
US GDP (Q3) increases by 2.3% beating estimates of 2.1%. Core PCE Prices QoQ climbs by 4.6% vs 4.5% estimate.
Fibonacci can help traders identify support and resistance levels in equity and stock markets, similar to forex and commodities markets.
Final UK Q3 GDP data missed expectations but revisions to earlier numbers painted a slightly better picture of the UK economy.
Directionless trade as volumes recede ahead of festive period. CAD looking undervalued vs USD
Oil prices gained alongside the broader market as risk aversion pulled back overnight. EIA inventory data is in focus after the API showed another weekly inventory draw.