NZD/USD Bolstered on Bitcoin Leading Sentiment Recovery, RBNZ in View
2021-05-24 23:00:00
Thomas Westwater,
Analyst
NZD/USD, New Zealand Dollar, Bitcoin, Elon Musk, RBNZ -Talking Points
Asia-Pacific markets look to open higher as market sentiment recovers
Bitcoin pushes higher with tech stocks as Ray Dalio gives nod to Bitcoin
NZD/USD is attempting to recapture trendline support as it moves higher
Tuesday’s Asia-Pacific Outlook
Asia-Pacific stocks appear set to open higher on the back of an upbeat Monday session on Wall Street. Technology stocks lead gains, reflecting investors’ increased appetite to take on risk after several Fed speakers casted doubt on rising prices being anything more than a pandemic-induced temporary effect. The safe-haven US Dollar dropped.
Data: Investing.com; Chart: Dion Rabouin/Axios VisualsThe Chicago Fed's National Activity Index showed the U.S. economy was growing above trend in April but had slowed significantly from March's big rebound, suggesting the economy is having a difficult time gaining traction for a sustained rebound.By the numbers: April's 0.24 reading was down significantly from the 1.7 reading in March, which followed the first negative reading in almost a year for the index.Get market news worthy of your time with Axios Markets. Subscribe for free. What it means: The Chicago Fed's index seeks to answer the question, "Is the economy growing at a rate faster than its potential or slower than its potential?" using a weighted average of 85 existing monthly indicators of U.S. economic activity. The index is composed of four broad categories of data: production and income; employment, unemployment and hours; personal consumption and housing; and sales, orders and inventories.It
Shanghai base metals set for a mixed start on Tuesday morning, while their counterparts on the LME fell for the most part, as the US dollar fell slightly overnight.
SHANGHAI, May 25 (SMM) Shanghai base metals set for a mixed start on Tuesday morning, while their counterparts on the LME fell for the most part, as the US dollar fell slightly overnight.
Shanghai base metals closed broadly higher in overnight trading. Copper added 0.68%, nickel rose 1.79% and tin increased 1.37%, while zinc edged down 0.04% and lead dropped 1.64%.
The LME complex closed mixed on Monday. Copper advanced 0.83%, aluminium gained 0.44% and nickel surged 2.42%, while zinc shed 0.59%, lead slumped 2.6% and tin slid 0.15%.
AUD/USD trims intraday gains during the two-day run-up. Market sentiment dwindles amid mixed comments from Fed, inactive Asian session. US Treasury yields
MLO Jobs; Non-QM, Jumbo, Audit, Fulfillment, Servicing Risk, Trailing Doc Products May 25 2021, 8:16AM
Are you ready for a real-live holiday on Monday? With millions more Americans vaccinated since the last holiday, and the end-of-May weather, it’s a safe bet people have changed and won’t spend the weekend working like they did during 2020’s Memorial Day. The market for initial public offerings (IPOs), including lenders and vendors, has also changed and has slowed. What has also changed, but hasn’t slowed, is the price of air travel: Domestic fares at U.S. airlines are up 9 percent since April 1, with international fares up 17 percent as demand has increased as Americans are being vaccinated. While business travel is believed to be rather slow in rebounding, Southwest Airlines is reporting that leisure travel fares are returning to 2019 levels. Speaking of which, today’s audio version of the commentary is available here, this week’s is sponso