The below report consists of a market overview and insight into the equities, futures and derivatives markets, and FX speculative and deliverable markets.
*Stable mkts with little news ahead of key G20/Trade talks /NZ OCR
*Commodity ccys edge higher as USD drifts marginally lower along with rates
-NZD unable to push through 0.6620 but with a short mkt, risks topside
-if RBNZ don’t cut, Orr needs to strike right note not to spook the NZD !!
*NZDAUD a breakout looms….0.9375/0.9525
*Euro higher as falling US yields weigh…look to sell 1.1450/60
*Gold soars to 6 year highs, hitting $1420 !!