Majors Climbed Higher
Loonie, Aussie and Kiwi have risen. Yen and Swiss Franc remain soft. DOW increased to 21506.21. Then it has lifted 0.07% to settle at 21409.55. S&P 500 grew 0.03% and stopped at 2439.07. Meanwhile, NASDAQ fell -0.29% and closed at 6247.15. US 30 year yield declined -0.018 and stopped at 2.696. 10 year yield remained in familiar diapason and dropped -0.007 to settle at 2.137. Nikkei grew 0.3%. Hong Kong HSI increased 0.1%. China SSE composite reduced -0.15%. Australia all ordinaries dropped -0.3%. Gold hit the minimum of 1236.5. WTI crude oil is trading inside of diapason near 43.50.
Kiwi/yen maintains the position of one of the firmest pairs. The lift from April’s minimum of 75.65 reached 81.68. If 80.11 support stands, short term prognosis remains bullish. The rally should head towards a test on the maximum of 83.76. The entire increase from 2016 minimum of 68.88 might be transforming into a medium term impulsive or corrective act. The respond to 61.8% projection of 68.88 to 83.76 from 75.65 at 84.84 will be in focus.
New Zealand trade surplus decreased from 536 million to 103 million NZD in prior month. Exports lifted 8.7% yoy to the 3-year maximum of 4.95 billion NZD. Imports grew 15% yoy to 4.85 billion NZD. Today, officials will deliver their speeches. We’ll hear from Guy Debelle (RBA Deputy Governor), Mario Draghi (ECB President), Mark Carney (BoE Governor), Janet Yellen (Fed Chair), Patrick Harker (Philadelphia Fed President) and Neel Kashkari (Minneapolis Fed President). Bank of England will publish financial stability report, the United States will announce S&P Case Shiller house price and Conference Board consumer confidence.