Live Updates

New Zealand’s Producer Price Index surged by 2.9% in Q1, significantly outpacing expectations. This increase signals rising costs for producers, potentially impacting consumer prices and market trends. – vtmarketsmy.com

US stock futures fell after Moody’s downgraded the US credit rating, heightening market tension. With significant drops in equity and Treasury futures, along with Biden’s health news, volatility is expected to rise. – vtmarketsmy.com

New Zealand’s service sector activity continues to contract, with the PSI dropping to 48.5 in April. This trend raises concerns about domestic demand and potential impacts on interest rates and investment strategies. – vtmarketsmy.com

John Williams of the New York Fed speaks at Hofstra University today, but no policy changes are expected. Meanwhile, weak Chinese economic data suggests ongoing struggles in the region’s growth. – vtmarketsmy.com

Binance and Kraken faced attempted hacks similar to Coinbase’s, sparking uncertainty about data security. While both exchanges claim no data was compromised, ambiguous reports leave room for concern about future vulnerabilities. – vtmarketsmy.com

The yen and euro gain strength amidst market turbulence, driven by geopolitical shifts, a historic US credit downgrade, and health concerns over Biden. Traders are bracing for volatility and reassessing risks. – vtmarketsmy.com

US Treasury Secretary Bessent warns of rising tariffs if trade negotiations falter. With ongoing discussions with 18 partners, traders must prepare for volatility amid uncertainty and possible tariff increases up to 50%. – vtmarketsmy.com

Market uncertainty looms as the US credit downgrade impacts sentiment. With Brexit proposals and potential Australia-EU trade deals on the horizon, traders should brace for volatility amidst thin early-week volumes. – vtmarketsmy.com

Moody’s US credit rating downgrade shakes markets, sparking mixed responses. Scott Bessent downplays its impact, banking on GDP growth to manage debt, but warns of inflation and tariff challenges looming ahead. – vtmarketsmy.com

The AUD/NZD pair hovers around 1.0900, maintaining a bullish outlook despite mixed signals. Key support is near 1.0871; resistance hangs around 1.0920. Monitor momentum carefully for trading strategy. – vtmarketsmy.com