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Commodities Stronger Across the Board Led by Oil – ANZ Research Team at ANZ, notes that oil closed yesterday stronger after EIA data showed inventories in the US fell 3.23 million barrels to 532.5 million barrels. Key Quotes “This was tempered by an increase in crude production of 10kb/d to 8...
FxWirePro: AUD/USD Unable to Hold Above 0.75 Handle, Breaks Support at 0.7472, Good to Sell Rallies AUD/USD rejected at session highs by 0.7504, edges lower after poor Chinese CPI and PPI numbers dents Aussie bulls. China CPI data for May came in at +2.0% y/y versus +2.2% expected and against +2...
FxWirePro: USD/INR Opens Higher at 66.53, Intraday Bias Remains Bullish USD/INR is currently trading around 66.63. It made intraday high at 66.63 and low at 66.53 marks. Intraday bias remains bullish till the time pair holds key support at 66.48 marks. A sustained break below 66...
Nikkei down Over 1 Pct While China Close on the Dragon Boat Festival, Gold steady Above $1260 Major Asian indices are trading on a lower note on Thursday. Today BOK unexpectedly cuts the interest rate by 25bp to 1.25 % vs 1...
Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and all with low to medium volatility risks associated. Data released so far – China – CPI declined -0.5% in May, up 2% from a year back. PPI is down -2.8% from a year ago. Upcoming –...
Tumble in EUR/SEK Volatility EUR/SEK ATR(14) is at minimums across several time frames, from 30min to daily charts. Volatility shrunk to levels not seen in several weeks of trading independently from trend direction...
USD/CAD Remains Weak Below 1.2700 Handle Rising oil prices and deteriorating expectations of a Fed rate-hike continues to boost the Canadian Dollar, with the USD/CAD pair trading close to a 5-week low level of 1.2655 touched on Wednesday...
AUD/NZD Hammered on RBNZ’s Status-Quo, Lowest Since May 2015 The AUD/NZD battering extends into the early European trading, with the New Zealand dollar smashing its OZ counterpart in response to rates on-hold RBNZ policy decision announced earlier on the day...
US: On Hold for the FED Dot Plot – ANZ Research Team at ANZ, suggests that the dot points the FOMC release next week will be key, as that will give us a central case expectation for their intentions over the second half of the year...
NZD Flying High After RBNZ - Rabobank Michael Every, Head of Financial Markets Research at Rabobank, notes that in New Zealand the RBNZ left rates unchanged as expected and as a result the NZD saw a dramatic surge up to 0.7125, the highest since June 2014...
The EURAUD’s Corrective Triangle Entering Final Leg The EURAUD has been making some rather large movements as of late and it could be about to complete a pattern which began in September last year...
Central Banks to the Sidelines The inability of central banks to forecast more than a month in advance along with an unwillingness to surprise is increasingly leaving them paralyzed...
EURGBP Sets Up To Build On Recovery EURGBP- Having reversed most of its one-day corrective losses to close higher on Wednesday, further move higher is envisaged. Resistance resides at the 0.7900 level where a violation if seen will turn risk towards the 0.7950 level. On further upside, the 0...
GBP/USD Struggles to Hold 1.45 Handle, Awaits UK Trade Data Having surrendered 1.45 handle in early Asia, the GBP/USD pair continues to trade around a flat-line near the last, unable to find a clear direction amid widespread risk-aversion...
USD/JPY Bounces-Off 106.50 as Nikkei Recovers Losses The USD/JPY pair moved-off lows, although remains heavily offered as the extended slide in the Nikkei continues to boost the demand for the yen. USD/JPY reverts to 107...
NZD/USD Extends RBNZ-Led Rally, Hits Fresh 1-Year High Near 0.7150 The NZD/USD pair found fresh bids near 0.7120 region and regained poise, now trading within a striking distance of yearly highs, as markets absorb the latest RBNZ OCR decision as well as Wheeler’s comments. NZD/USD eyes on 0...
The Two Middle Eastern Pegs: Stability Offered is Welcome - BBH Research Team at BBH, suggests that with yesterday’s gains, the price of Brent has nearly doubled from its lows in January. Key Quotes “Of course, the price of oil is still less than half of levels that prevailed two years ago...
AUD/JPY Fails to Resist Above 80 Yet Again, Risk-Off Weighs A renewed risk-aversion wave gripped the markets this Thursday, knocking-off AUD/JPY sharply lower from above 80 mark on increased bids for the safe-haven yen. AUD/JPY making lower tops on daily charts The AUD/JPY pair now drops -0...
Gold Retreats in Asia, but Stays Above $ 1260 Gold is seen correcting slightly lower towards 1260 levels, after having reached fresh three-week highs just before NY close as summer Fed rate hike expectations recede. Gold: 1260 mark tested Currently, gold now trades -0.20% lower at 1262...
