25/06/2019

OMF Markets Daily Commentary Report

Written by Maddy Gwynne
Home Education Articles OMF Markets Daily Commentary Report

The below report consists of a market overview and insight into the equities, futures and derivatives markets, and FX speculative and deliverable markets.

HEADLINES

*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 !!

…

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