Pippo

The major assets took a chill pill on Thursday as traders priced in a lack of top-tier data releases and the U.S. markets out on Thanksgiving holiday.

A parade of closely-watched economic data and positioning ahead of a U.S. bank holiday and end of the month sent the major assets all over the charts.

The Fed’s November minutes reinforced the Fed’s cautious approach. The dollar reacted steadily, though late-session dips reflected potential profit-taking.

RBNZ surprised markets with a 50bps rate cut over cooling inflation and weak growth! Then, Gov. Orr sent the Kiwi tumbling before it clawed back some of its losses.

Australia’s inflation stayed at 2.1% in October, which may not be enough to sway RBA members from thinking that inflation remains too tight.

It was truly a busy session as traders showed mixed reactions to Trump’s tariff threats, economic data releases, and very positive geopolitical developments. 

Word on the street is that the RBNZ is about to cut its interest rates by as much as 50 basis points! How may NZD react to the news? We’re giving you points that might help if you’re trading the event!

Markets showed volatility on Monday, likely influenced by the announcement of Scott Bessent as the upcoming U.S. Treasury Secretary nominee, along with mixed economic data & geopolitical developments.

The Land Down Under has its October CPI report up for release soon, likely influencing RBA monetary policy expectations. Here are the points you need to know when trading this top-tier economic event.

Get ready for a jam-packed week of central bank action and economic releases that could shake up the markets’ rate cut expectations!