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<ul><li>Prior was -25.3</li><li>Construction index -11.5 vs -22.2 prior</li><li>Industry index vs -22.4 prior</li></ul><p>That's a big improvement on the construction side. That's something to keep an eye on.</p><p>This survey used to be a market mover but now more of the f

<ul><li><a href="https://www.forexlive.com/technical-analysis/traders-have-moved-the-price-of-the-nzdusd-ahead-of-the-key-employment-statistics-20240206/">Traders have moved the price of the NZDUSD ahead of the key employment statistics</a></li><li><a href="https://www.forexlive.com/news/us-crud

<ul><li><a href="https://www.forexlive.com/news/new-zealand-q3-unemployment-rate-39-vs-39-expected-20231031/" target="_blank" rel="follow">Prior </a>was 3.9%</li><li>Job growth +0.4% vs +0.3% expected</li><li>Participation rate 71.9% vs 72.0% expected</li><li>

<p>The initial reports suggest a less-bearish inventory build than was expected on crude with gasoline and distillates largely cancelling each other out. </p><p>The consensus for tomorrow's EIA data is:</p><ul><li>Crude +1895K</li><li>Gasoline +140K</li><li>Distillates -1000K</li&g

<p>The major US stock indices snatched victory from the jaws of defeat – especially in the S&amp;P and NASDAQ indices. At session lows, the S&amp;P was down -7.94 points. It is closing up 11.42 points. The NASDAQ index made a bigger comeback after being down -83.43 points and closed up 11.31 points on day. </p><p>Alt

<p>Eamonn is off again today but he will be back tomorrow. I'll be guiding you through Asia-Pacific trading today instead and I think it will be a lively one, particularly in China as we near the week-long holiday.</p><p>Up first at the bottom of the hour is the private oil inventory survey. The consensus for tomorrow's

<p>In New Zealand today, the key quarterly employment statistics will be released expectations at the unemployment rate is expected to rise to 4.3% from 3.9%. The labor cost index is expected to rise also by 0.8% versus 0.8% last month.</p><p>Technically, the price of the NZDUSD is "hanging around" some key/important tec

<p>Crude futures are settling at $73.31. That is up $0.53 or 0.73%.</p><p>The high price today reached $73.82. The low price was at $72.38.</p><p>Technically looking at the hourly chart, the high price today stalled ahead of its falling 100-hour moving average. That level comes in at $73.94 currently. Staying below the

<p>More from BOCs Macklem:</p><ul><li>BOC targets overall CPI inflation, but we cannot ignore shelter costs</li><li>Looking ahead, neutral interest rate will probably be a bit higher than the 2% to 3% range</li><li>There will be modest increase in housing prices this year versus decreases last year<

<p>More from Cleveland Fed Pres. Mester:</p><ul><li>Doesn't want to offer timing on rate cut</li><li>Sees no rush to lower Fed rate target</li><li>Still leans toward three rate cuts for 2024</li><li>Wants more data before deciding on rates</li><li>Expects to see rate cuts