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⚠️ Australia — Consumer Price Index at 03:00 GMT

✔️ Prev: 2.4%

🕒 Exp: 2.3%

🎯 Fact.: 2.4% 📈
⚠️ New Zealand — Official Cash Rate at 03:00 GMT

✔️ Prev: 3.50%

🕒 Exp: 3.25%

🎯 Fact.: 3.25%

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⚠️ New Zealand — RBNZ Press Conference at 03:00 GMT
Crypto market postpones rally

Market capitalisation has risen 0.5% in the last 24 hours to $3.44 trillion, but that's below Tuesday's intraday peaks of $3.49 trillion and last Friday's highs of $3.54 trillion. This is an interesting development given the risk appetite in the stock markets over the last couple of days. Perhaps the behaviour of cryptocurrencies indicates that optimism isn't so all-encompassing.

Bitcoin has been trading in a 5% range between $106.6k and $111.7k since 22 May and is currently in the middle. The current high area fits into a Fibonacci extension pattern at 161.8% of the first upside momentum from early April to the first days of May. Overcoming 112k would then be a prologue to 134k (261.8%).

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New Zealand cut the rate, but not the kiwi

As expected, the Reserve Bank of New Zealand cut its key rate by 25 basis points to 3.25%. This cycle was the sixth easing since August last year, totalling 125 b. p.

In an accompanying statement, the central bank said inflation accelerated to 2.5% y/y and inflation expectations among companies and households have risen. On the other hand, the decline in core inflation gives confidence that inflation will return to the middle of the 1-3 per cent target range in the medium term. Separately, the RBNZ noted the beginning of the economic recovery from the contractionary period.

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How do you feel about NZDUSD now?
Anonymous Poll
44%
📉 Bearish
25%
➡️ Neutral
31%
📈 Bullish
🇺🇸 Trading dynamics at the stock market pre-market

📈 Mixed dynamics in the US stocks pre-market.

In the Financials sector, Berkshire Hathaway (BRK.B) shares are down -0.05%, while Bank of America (BAC) shares are losing -0.05%.

In the Electronic Technology sector, shares of NVIDIA (NVDA) are up +0.77%, while shares of AVGO (AVGO) are gaining +1.19%.

In the Healthcare sector, shares of Eli Lilly (LLY) are up +0.66%, while shares of Bristol-Myers Squibb (BMY) are down -0.06%.

The current multidirectional dynamics may support moderate volatility in the currency market without a significant impact on the dollar.
⚠️ USA — FOMC Meeting Minutes at 18:00 GMT
⚠️ New Zealand — RBNZ Governor Christian Hawkesby Speaks at 21:10 GMT
🗓 Economic Calendar at 2025/05/29 (GMT)

01:00 🇳🇿 ANZ Business Confidence Actual: 36.6

12:30 🇺🇸 ⚡️ Unemployment Claims — Exp: 229K Actual: 240K

12:30 🇺🇸 Continuing Claims — Exp: 1900K Actual: 1919K

12:30 🇺🇸 ⚡️ Gross Domestic Product — Exp: -0.3% Actual: -0.2%

12:30 🇺🇸 Core Personal Consumption Expenditure — Exp: 3.5% Actual: 3.4%

12:30 🇺🇸 GDP Price Index — Exp: 3.7% Actual: 3.7%

14:00 🇺🇸 Pending Home Sales — Exp: -0.9% Actual: -6.3% | -2.5%

16:00 🇺🇸 Crude Oil Inventories — Exp: 300K Actual: -2795K

18:00 🇺🇸 FOMC Member Adriana D. Kugler Speaks

19:00 🇬🇧 ⚡️ BOE Governor Andrew Bailey Speaks

20:00 🇺🇸 FOMC Member Mary Daly Speaks


[Updated in real time]
FxPro pinned «🗓 Economic Calendar at 2025/05/29 (GMT) 01:00 🇳🇿 ANZ Business Confidence Actual: 36.6 12:30 🇺🇸 ⚡️ Unemployment Claims — Exp: 229K Actual: 240K 12:30 🇺🇸 Continuing Claims — Exp: 1900K Actual: 1919K 12:30 🇺🇸 ⚡️ Gross Domestic Product — Exp: -0.3%…»
📊 S&P 500 nears 6000 (+1.1%) as Court blocks Trump's tariffs. How do you feel about S&P 500 now?
Anonymous Poll
27%
📉 Bearish
16%
➡️ Neutral
57%
📈 Bullish
Ethereum Accelerates as Bitcoin Consolidates

Market capitalisation has changed little over the last day, hovering around the $3.42 trillion mark. Cryptocurrencies prefer not to notice positive stock market movements as they are related to tariffs and company reports, not money supply. In addition, the dollar's exchange rate is rising for the third day.

The day before, Bitcoin retreated from the trading range's upper boundary at 110k to its lower boundary at 107k. This rest at previous highs effectively removes the local overheating of the market. As the institutional presence in Bitcoin expands, its dynamics are becoming more similar to the behaviour of stock and commodity market instruments, with less pronounced FOMO periods.

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⚠️ USA — Unemployment Claims at 03:00 GMT

✔️ Prev: 226K

🕒 Exp: 229K

🎯 Fact.: 240K 📉

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⚠️ USA — Gross Domestic Product at 03:00 GMT

✔️ Prev: -0.3%

🕒 Exp: -0.3%

🎯 Fact.: -0.2% 📈
2025/07/06 17:29:00
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