This evening session’s tone remains light with a few, non-market moving events.
NZD traders should still pay attention to the Consumer Confidence surveys releasing in the evening (Particularly the NZIER releasing very soon.)
In Tuesday’s session, Europe opens with German Factory Orders (02:00 ET) and multiple ECB speeches from Nagel and Lagarde.
The ECB president was still adamant on maintaining the current stance (pause) with inflation solid around 2%, a positive for the Euro overall, but priced into the market already.
In North America, a busy Fed lineup dominates Tuesday: Bostic, Bowman, Kashkari, and Miran all speak through the session — investors will watch for any clues on rate path convergence after mixed US data last week.
Later in Asia, Japan releases Labour Cash Earnings and Current Account, followed by BoJ Governor Ueda’s speech (21:45 ET) — his first remarks post-LDP leadership vote, expected to draw extra attention from JPY traders.
Tomorrow’s evening session will also be a big focus for NZD traders, attention shifts to the RBNZ, which takes centre stage late Tuesday (21:00 ET). A pause is fully expected, but markets are already pricing roughly 25–30 bps of cuts over the next two meetings, making the policy statement and tone crucial for NZD direction.
