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The AUD has been in demand for most of this year. A combination of improving global risk sentiment on the back of several central banks more dovish stance and improving domestic conditions to the benefit of RBA monetary policy expectations have been driving this year’s developments...
US ISM Manufacturing PMI Rebounds to Expansion Territory in March The US Institute of Supply Management’s (ISM) manufacturing PMI index released today showed the activity returned to expansion territory in March, indicating the sector may have bottomed out. The headline figure printed at 51...
USD/CAD Outlook Remains Bearish – Scotiabank Eric Theoret, FX Strategist at Scotiabank, has reiterated the negative stance of the pair. Key Quotes “Both trend and momentum indicators are decidedly bearish, however the extent of their bias has moderated”...
U.S. Manufacturing Index Indicates Growth For First Time In Six Months After reporting contractions in U.S...
WTI Weaker, Testing the $37.00 mark The barrel of West Texas Intermediate has given away part of the recent upside, currently hovering over the $37.00 handle after bottoming out near $36.70...
Gold Hovers Around 50-DMA Gold hit a session low of $1208.91 following the release of a better-than-expected US ISM manufacturing PMI, before trimming losses to trade around $1212.51 levels. Weekly gains erased At $1213 levels, weekly gains in the metal stand erased...
US Dollar Bid Around 95.00 Post Data The greenback, measured by the US Dollar Index, has reverted the initial negative tone and is now trading in daily highs around 95.00 the figure. US Dollar firmer post-US releases After a brief test of lows near 94...
EUR/USD Extends Losses on Upbeat US ISM Manufacturing Print A rebound in the US ISM manufacturing PMI to expansion territory has pushed EUR/USD to a fresh session low of 1.1342 (Mar 17 high...
GBP/USD Breaks Below 1.4200 The selling pressure around the sterling is not giving up today, now dragging GBP/USD below the 1.4200 handle, or session lows. GBP/USD in 4-day lows Spot is retreating further today, rapidly breaking below the 1...
Output isn’t growing that quickly in the US economy, but don’t tell that to employers, who just keep on hiring. March saw an on-trend again of 215K with no material revisions, and the one-tick rise in the jobless rate to 5...
Many Japanese investors will likely sell foreign assets at the beginning of FY16 to realize gains but such active cross border flows may not support USD/JPY, as many such investors have not determined their investing strategies for FY16 yet, notes BTMU...
Activity levels across China’s manufacturing sector expanded for the first time in eight months in March, according to a report from China’s National Bureau of Statistics (NBS). The government’s manufacturing purchasing managers index (PMI) rose 1.2 points to 50...
With most advanced economies experiencing anemic recoveries from the 2008 financial crisis, their central banks have been forced to move from conventional monetary policy – reducing policy rates via open-market purchases of short-term government bonds – to a range of unconventional policies...
The Big Short has been making a big splash this year, racking up five Academy Award nominations and taking home the Oscar for best adapted screenplay...
in view of the research team at UOB Group, the Aussie dollar could extend the upside momentum towards 0.7740. Key Quotes “We just turned bullish yesterday and there is no change to the view. As highlighted, the upside potential appears to be limited to 0...
The US labor department data released today showed the pace of job additions in March was higher than estimates, adding to the evidence of resilience in the labor market despite gloomy US outlook. Non-farm payrolls figure came-in at 215K , compared to the estimate of 205K jobs...
The US dollar recovered some ground against the Japanese yen following the release of slightly higher than expected US nonfarm payrolls data. The US economy added 215K jobs in March, beating expectations of a 205K gain. However, the unemployment rate edged up to 5.0% from 4.9% the previous month...
Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the pair could re-test 129.65. “EUR/JPY has eroded the 50% retracement at 127.27”. “The intraday Elliott wave count remains positive and the market has already reached the 128...
The research team at UOB Group has reiterated its neutral stance on the pair in the next 1-3 weeks. “USD/JPY has remained steady within the 112.00-113.00 region as Japan's fiscal year came to a close...
