Futures Hit Fresh All Time High With Fed Meeting Looming zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
by Tyler Durden
Tuesday, Jun 01, 2021 - 07:54 AM
It turns out that Monday s dip in futures was a low-volume headfake, and on Tuesday global markets hit a new record high as U.S. equity futures jumped, with spoos also approaching all time highs after markets shrugged off concerns about rising inflation and looked ahead to U.S. employment data later in the week. Brent rose above $70 to the highest since October 2018 as OPEC+ forecast a tightening global market before members meet to discuss production output today. At 715am, Emini futs were 4,226 up 24 points ot 0.58%; Dow futs were up 212 to 0.61% while Nasdaq futs rose 52 pts, up 0.38%.
by Tyler Durden
Thursday, May 27, 2021 - 07:57 AM
U.S. stock index futures ticked lower ahead of an economic data dump that will reveal the latest durable goods, cap goods orders, jobless claims, GDP, PCE, and Personal Consumption data, amid fears that signs of an improving economy would lead the Federal Reserve to start tapering following comments on Wednesday that the Fed s Quarles is open to talk about adjusting the Fed s bond purchases. At 7:15 a.m. ET, Dow e-minis were up 3points, or 0.01%, and S&P 500 e-minis were down 6.50 points, or 0.16%. Nasdaq 100 e-minis were down 45.5 points, or 0.33%, as tech giants Apple, Amazon.and Tesla slipped between 0.2% and 0.7%.
NZD remains firm ahead of RBNZ meeting
The New Zealand dollar is the strongest currency this week so far (and second strongest overnight) ahead of tomorrow’s RBNZ meeting, where the central bank is expected to hold rates steady yet upgrade economic forecasts. With inflation expectations ripping higher it may force RBNZ to be less dovish, although if history tells us anything they are unlikely to be hawkish whilst most other central banks remain defiantly dovish.
NZD/USD rose to a two-day high overnight and could be headed for 0.7250 if dollar weakness persists today.
EUR/NZD has met resistance at its 200-day eMA, with three of the prior four days seeing failed attempts to close above it before printing a bearish inside candle yesterday.