The situation on the market hasn't changed significantly, since yesterday. The market remains optimistic about a trade deal between China and the US, given the latest messages from China. Safe assets remain under pressure, while commodity currencies, oil and, of course, the US dollar are strengthening.
The main set of news is expected this afternoon with the opening of the US market. Reports on the balance of foreign trade in the US and data on the real estate market are expected, and at the end of the day - a report on monetary policy from the RBNZ. No changes are expected. The dollar is likely to remain strong even if a number of reports are disappointing.
Stock markets are also likely to remain in the positive zone, and oil will continue to receive support not only by signals of progress in the US-China trade negotiations, but also due to the approach of the OPEC summit, where it is expected that the agreement to limit oil extraction will be prolonged.
