At 0100GMT:
- ANZ Business confidence for May, prior was 64.8 (well above long-run average levels)
- ANZ Activity Outlook for May, prior was 52.5
–
Stay tuned for NZD/USD orders, which I’ll have posted up with the AUD/USD order levels a little later
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Economic data due from New Zealand today
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- US stocks close marginally higher.
- Economic and event calendar Asia Tuesday, May 12, 2026 - BoJ will give us their thoughts
- Copper refuses to break despite the Iran war
- AUDUSD finds support near 100 hour MA. Staying above keeps the buyers in control
- Crude oil futures settle at $98.07
- NZDUSD bounces off the 100 hour MA at 0.5948 currently. That is now close support.
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