Retail sales in New Zealand are expected to have rebounded in May, as a tight labor market and rising wages fuel consumer spending. New Zealand companies, which have experienced a commodity-price led boom, have found it increasingly difficult to attract workers, which is stoking wages and fanning consumption growth.

Over the past two and a half years, the carry trade has produced the easiest profits in the currency market. Is that still true?

Currency technical analyst Jamie Saettele analyzes the Australian dollar against the Canadian dollar, Japanese yen, and New Zealand dollar.

Wave 5 within the 5 wave rally that began at 1.3261 is close to an end in the euro.

With a barren economic calendar in both Euro-zone and North America, the focus in the currency market was strictly on the yen as the unit seesawed wildly throughout the night pulled by opposing forces of carry trade bargain hunters on one side and risk aversion shorts on the other.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for July 11.

Todd Gordon will be looking to sell ahead of 122.00 in the USD/JPY currency pair.

The Japanese yen made substantial gains today as a bout of risk aversion permeated throughout the forex, bond, and equity markets.

Fundamental data out of Japan isn’t likely to be impressive, as consumer confidence for the month of June is anticipated to ease back further below the 50 level – signaling that the majority of people surveyed remain pessimistic about the economy.

While the Bank of Japan’s meeting this week is virtually guaranteed to show a steady hand at 0.50%, we’ve seen the Japanese yen gain some ground as risk aversion grows in the market – signaling that a rate hike isn’t necessarily needed to unwind carry trades.