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NZ CPI: As low as it goes – BNZ

Doug Steel, Senior Economist at BNZ, suggests that the NZ’s consumer price inflation is low as on an annual basis, inflation edged down to 0.2% in Q3 from 0.4% in Q2. Key Quotes “The annual reading was the consequence of the 0.2% gain in Q3

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Asian Session Forex Recap – Oct. 19, 2016

AU MI leading index up by 0.1% vs. 0.0% previous China’s Q3 2016 GDP up by 6.7% as expected China’s industrial production rises by 6.1% vs. 6.4% uptick expected, 6.3% previous China’s fixed asset investment up by 8.2% as expected China’s retail sales up by

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GBP/JPY revisits daily lows ahead of UK jobs

The cross in the GBP/JPY is seen on the back foot so far this Wednesday, as the cable extends its corrective slide into early Europe. GBP/JPY at the mercy of GBP dynamics Currently, GBP/JPY drops -0.19% to 127.48, meandering near daily lows struck at 127.41.

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OPEC to consider inviting US after Presidential vote

OPEC Secretary General Mohammad Barkindo told reporters in London on Tuesday that the Cartel would consider inviting US to talks in Vienna only after the US presidential election on November 8. At the meeting in Vienna, OPEC members are expected to agree to limit production

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Asian stocks keep gains after mixed China data

The Asian equity markets defended mild gains following the release of China’s economic data , which painted a mixed picture of the economy and hence, left markets more or less unimpressed. Although the Chinese economic grew steadily in the third quarters, but exports and industrial

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Brent oil once again struggling above $52 handle

Brent oil is once again having a tough time above $52.00 handle as investors continue to evaluate the possibility of OPEC output cut deal. Prices have had a tough time holding/extending gains above $52.00 levels since last Thursday. The sideways action around $52.00 has forced