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Platinum/NZD

  • Hottest Stories for Platinum/NZD

    Bank of Canada raises policy rate 25 basis points, continues quantitative tightening

    From bankofcanada.ca|7 hr ago|5 comments

    The Bank of Canada today increased its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is also continuing its policy of quantitative tightening. Globally, consumer price inflation is coming down, largely reflecting lower energy prices compared to a year ago, but underlying inflation remains stubbornly high. While economic growth around the world is softening in the face of higher interest rates, major central banks are signalling that interest rates may have to rise further to restore price stability. In the United States, the economy is slowing, although consumer spending remains surprisingly resilient and the labour market is still tight. Economic growth has essentially stalled in Europe but upward pressure on core prices is persisting. Growth in China is expected to slow after surging in the first quarter. Financial conditions have tightened back to those seen before the bank failures in the United States and Switzerland. Canada’s economy was stronger than expected in the first quarter of 2023, with GDP growth of 3.1%. Consumption growth was surprisingly strong and broad-based, even after accounting for the boost from population gains. Demand for services continued to rebound. In addition, spending on interest-sensitive goods increased and, more recently, housing market activity has picked up. The labour market remains tight: higher immigration and participation rates are expanding the supply of workers but new workers have been quickly hired, reflecting continued strong demand for labour. Overall, excess demand in the economy looks to be more persistent than anticipated. CPI inflation ticked up in April to 4.4%, the first increase in 10 months, with prices for a broad range of goods and services coming in higher than expected. Goods price inflation increased, despite lower energy costs. Services price inflation remained elevated, reflecting strong demand and a tight labour market. The Bank continues to expect C tweet at 10:00am: BoC statement changes https://t.co/xEvK0UPr7R tweet at 10:02am: BOC STATEMENT REMOVES APRIL LANGUAGE ABOUT HOW BANK IS PREPARED TO RAISE RATES FURTHER IF NEEDED. tweet at 10:03am: BOC: UNDERLYING INFLATION REMAINS STUBBORNLY HIGH GLOBALLY, MAJOR CENTRAL BANKS ARE SIGNALING THAT RATES MIGHT HAVE TO RISE FURTHER TO RESTORE PRICE STABILITY. tweet at 10:04am: BoC: Stronger GDP, CPI Uptick Cited As Reasons For Rate Hike - Concerns Have Increased That Inflation May Get Stuck Above 2% - To Assess Incoming Data, BoC Is ‘Resolute On Curbing Inflation’ - Excess Demand Looks ‘More Persistent’ Than Expected $USDCAD

    Gold Price Forecast: XAU/USD slips due to rising US bond yields, global economic concerns

    From fxstreet.com|4 hr ago

    Gold price retraces after facing solid resistance at the confluence of technical indicators, as well as weighed by rising US Treasury bond yields and a gloomy global economic outlook, with China’s export falling more than estimates. The XAU/USD is trading at $1952.36, down 0.50%, after hitting a daily high of $1970.15. XAU/USD is on the defensive, weighed ...

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  • Latest Stories for Platinum/NZD

    IMF Executive Board Concludes 2023 Article IV Consultation with South Africa
    From imf.org|12 hr ago
    Global economic outlook improving, albeit to a low growth recovery
    From oecd.org|13 hr ago
    Gold sees some safe-haven buying as geopolitics comes into play
    From kitco.com|28 hr ago
    Insight from Washington: US walks tightrope to de-escalate Iran’s nuclear progress without...
    From spglobal.com|39 hr ago
    China slowdown shapes commodity price movements
    From anz.co.nz|41 hr ago
    Fed Skip-a-Hike Strategy Is Sensible, Risky and Confusing
    From bnnbloomberg.ca|Jun 5, 2023
    Australia & New Zealand Weekly
    From library.westpaciq.com.au|Jun 5, 2023
    Australia’s Rate Outlook in the Air as Inflation Still Untamed
    From bnnbloomberg.ca|Jun 4, 2023|2 comments
    Chinese defence minister says clash with US would be 'unbearable disaster' for the world
    From abc.net.au|Jun 4, 2023
    Spotlight Falls on Saudi-Russia Relationship Again
    From energyintel.com|Jun 4, 2023
  • More
  • Posts about Platinum/NZD

  • rockypoint replied 5 hr ago

    My last trading day before leaving for Maui, tomorrow turned out to be I think best day of the year. Can't t say I know what drove prices around 7am. I'm sure it wasn't the ...

    Williams%R, SAR X-over 15 minute candles
  • TheWraith replied 26 hr ago|3 likes

    NZD is a currency I will pay close attention to next week. Namely, we witnessed negative GDP reading for the first quarter in March coming out at -0.6% from 2.0% (and revised ...

    Real Trading
  • Erebus replied Jun 5, 2023

    Yes, you are correct, it works when I apply it on a blank chart by itself; there must be a conflict with other indicators, further investigation required. Thanks.

    Indicators with ON/OFF buttons
  • Informed replied Jun 3, 2023

    ISR METHOD Welcome My Name is Informed and I have been trading the financial markets for a few years, and through my years of trading I have notice certain things about the market ...

    ISR Method
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