Two earnings shocks cancel inside the Dow Jones

Two earnings shocks cancel inside the Dow Jones

The Dow Jones Industrial Average (DJIA) trades just beneath 52,500 on Friday, up around 230 points and roughly 1.6% under the record set early in July. That mild figure covers a session that ran close to 600 points, from a high in the 52,600 area down to a low fractionally beneath the 52,000 handle, before […]

New Zealand Dollar weakens on China PMI miss as US Dollar rebounds

New Zealand Dollar weakens on China PMI miss as US Dollar rebounds

NZD/USD trades around 0.5860 on Friday, down 0.33% on the day, as investors react to another deterioration in Chinese business activity. China, New Zealand’s largest trading partner, reported that the official NBS Manufacturing Purchasing Managers Index (PMI) fell to 49.2 in July from 50.3 previously, missing the 50 market consensus. The Non-Manufacturing PMI also declined […]

The US Dollar rally might have found serious headwinds

The US Dollar rally might have found serious headwinds

The US Dollar Index (DXY) attempts to cling above the 100.00 psychological level on Friday after a nearly 1.5% selloff in the previous three days, as the Federal Reserve’s (Fed) lack of forward guidance at Wednesday’s monetary policy meeting raised concerns that the bank might fail on its commitment to fight inflation. Experts from some […]