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NZD/USD Price Forecast: Softens below 0.5900 while remaining in near-term consolidation
The NZD/USD pair trades in negative territory near 0.5875 during the early European trading hours on Monday, pressured by a firmer US Dollar (USD). Traders raise their bets on a US Federal Reserve (Fed) rate hike in the September policy meeting following stronger-than-expected US jobs data.Â
German Industrial Production declines 1.1% MoM in July, vs. 0.3% expected
Germany’s Industrial Production declined 1.1% Month-on-Month (MoM) in July, the latest data published by Destatis showed on Monday. This figure came in below the market consensus of a 0.3% growth and slower than the previous reading of 0% (revised from 0.2%).Â
United Kingdom Lloyds House Price Index (YoY) below expectations (0.6%) in August: Actual (-0.4%)
United Kingdom Lloyds House Price Index (YoY) below expectations (0.6%) in August: Actual (-0.4%)
United Kingdom Lloyds House Price Index (MoM) came in at -0.2% below forecasts (0.2%) in August
United Kingdom Lloyds House Price Index (MoM) came in at -0.2% below forecasts (0.2%) in August
Germany Industrial Production n.s.a. w.d.a. (YoY): -1.6% (July) vs previous -0.1%
Germany Industrial Production n.s.a. w.d.a. (YoY): -1.6% (July) vs previous -0.1%
Sweden Consumer Price Index (YoY) below forecasts (0.6%) in August: Actual (0.3%)
Sweden Consumer Price Index (YoY) below forecasts (0.6%) in August: Actual (0.3%)
South Africa Net $Gold & Forex Reserve climbed from previous $71.761B to $73.686B in August
South Africa Net $Gold & Forex Reserve climbed from previous $71.761B to $73.686B in August
South Africa Gross $Gold & Forex Reserve up to $75.954B in August from previous $73.451B
South Africa Gross $Gold & Forex Reserve up to $75.954B in August from previous $73.451B
South Africa Gross $Gold & Forex Reserve : $758.954B (August) vs $73.451B
South Africa Gross $Gold & Forex Reserve : $758.954B (August) vs $73.451B
Sweden Consumer Price Index (MoM) remains unchanged at -0.3% in August
Sweden Consumer Price Index (MoM) remains unchanged at -0.3% in August
Norway Manufacturing Output climbed from previous -1% to 0.7% in July
Norway Manufacturing Output climbed from previous -1% to 0.7% in July
Germany Industrial Production s.a. (MoM) below expectations (0.3%) in July: Actual (-1.1%)
Germany Industrial Production s.a. (MoM) below expectations (0.3%) in July: Actual (-1.1%)
USD/JPY Price Forecast: Fresh downside leg expected below 155.00
The Japanese Yen (JPY) trades flat against the US Dollar (USD) at around 156.00 at the start of the week, but is close to its four-month low of 155.23.