RBNZ: Welcomes direction it is received today from the Minister of finance on housing
NZ Finance Minister: RBNZ now required to consider impact on housing
The NZ finance minister Robertson is on the wires say:
The NZDUSD is extending to a new session and cycle high. The price approaches the lower end of a swing area going back to 2016 between 0.74367 and 0.74847. The price just reached 0.7432.
RBNZ Governor Orr: Need to make sure actual inflation is sustainable
The Federal Reserve expects normal processing for Fedwire this afternoon
There seems not to be a nefarious reason for the problems, as the Fed describes the outage as an "operational problem".
US crude oil futures settle at $63.22
Looking at the hourly chart, the price low today (and yesterday) stalled just ahead of its 100 hour moving average. That was the clue technically for a move back to the upside. In the North American session the cycle high at $63 was broken and the price moved up
The Federal Reserve system is down
Other systems impacted includes:
The staff is currently investigating.
OPEC+ weighs boosting oil output by 500,000 barrels per day from April
The price of crude oil is currently trading up $1.49 at $63.17. That's a gain of 2.4%. The high price for the day reach $63.37. The low price stayed above the $60 level at $60.97 today.
S&P index up 1% now. Moves above hourly moving average levels
Technically, the push to the upside today has been able to extend back above its 100 hour moving average currently at 3899.39 and its 50 hour moving average currently at 3906.74. The highs from last Friday and Tuesday come in at 3930.41 (last Friday's high) and 3950.43
More from Fed's Clarida: Do not expect sustained upward inflation pressures
US treasury auctions off $61 billion of 5 year notes at a high yield of 0.621%
- high yield 0.621%. Tale of 0.6 basis points
- bid to cover 2.24x vs. six-month average of 2.45x
- Dealers 28.6% vs. 23.7% six-month average
Not a very good auction with a tale of 0.6 basis points vs the WI level at the time of the auction. The bid to cover was lower than the six-month