SOUTH AFRICA'S DEPUTY FINMIN SAYS ALLEGATIONS AGAINST FINMIN GORDHAN DESTABILISING TREASURY, CREATES ECONOMIC UNCERTAINTY...
USD/ZAR is currently trading around 14.27 levels. It made intraday high at 14.29 and low at 14.20 levels. Intraday bias remains bullish till the time pair holds major support at 14.11 levels. A daily close above 14.27 will take the parity higher towards key resistances around 14.68, 14.96, 15...
The New Zealand government bonds closed modestly lower Tuesday after recent data showed that the country’s food prices, which account for about 19 percent of the consumer price index (CPI), posted the biggest monthly jump in three years...
Unlike her colleague Lael Brainard, a member of the Federal Reserve board of Governors, who said that Fed should take a cautious approach in raising rates, Mr. Dennis Lockhart, President of the Federal Reserve Atlanta voiced his support for a hike. He said, "If 1.6 percent inflation and 4...
The Bank of Thailand is expected to keep its key interest rate unchanged at its monetary policy meeting scheduled to be held on Sep 14. However, the central bank is scheduled to maintain a dovish tone for the near term...
USD/JPY retraces from session lows at 101.42, retakes the 102 handle. Downside finds strong support at 101.36 (61.8% Fib), we see weakness only on break below. Major support levels - 101.75 (20-DMA), 101.36 (61.8% Fib), 101.20 (Sept 7 low), 101 (trendline) Major resistance levels - 102...
Australia’s business conditions weakened again in August; however, it continued to stay above the long run average while business sentiment rebounded. The NAB report that was released today came in slightly mixed. Business sentiment rose; however, conditions eased a bit...
FTSE SEEN OPENING UP 26-30 POINTS, DAX UP 83-108 PTS, CAC UP 31-48 POINTS -FINANCIAL BOOKMAKERS...
EUR/SEK is currently trading around 9.5351 levels. It made intraday high at 9.5377 and low at 9.5109 levels. Intraday bias remains neutral for the movement. A daily close below 9.53 will take the parity down towards key supports at 9.5109, 9.4637, 9.4406, 9.4217, 9.4046, 9.3637, 9.3434, 9.3267, 9...
MALAYSIA'S RINGGIT FALLS 1 PCT TO 4.1090/DOLLAR, WEAKEST SINCE JUNE 28...
FITCH AFFIRMS NEW ZEALAND'S MAJOR BANKS; OUTLOOKS REMAIN STABLE...
Industrial performance in Malaysia remained resilient during the month of July, despite external headwinds...
Growth momentum in China is stabilizing. Rebalancing of China’s economy continues to take place. China’s fixed asset investment growth remained unchanged at 8.1 percent in the January to August period. This was a tad better than market projections...
BOJ offers to lend Y 1.1566 trln of JGBs on spot basis through 9/14 as a secondary source of JGBs (Offer in the afternoon...
Although EUR seems to have taken a halt from its momentary bull run against JPY (see 1H plotting), we see healthy momentum in upswings upto 114.606 levels. Strong resistance at 114.606 levels...
Upbeat Chinese data releases failed to lift sentiment across markets. Most major Asian indices slipped into the red. Aussie failed to hold gains after the trio of upbeat China data release - retail sales, industrial production, fixed asset investment...
The Australian government bonds trade nearly flat Tuesday, succumbing to thin trading activity during a relatively quiet session that witnessed data of little significance. The yield on the benchmark 10-year Treasury note, which moves inversely to its price, hovered around 2...
The dollar bulls really got disappointed after the overhyped Brainard speech proved to be just an overhyped one...
The dollar bulls really got disappointed after the overhyped Brainard speech proved to be just an overhyped one...
Major resistance - $1345 The yellow metal has recovered sharply from the low of $1320 made yesterday. It is currently trading around $1330.34. Intraday support is around $1321 (61.8% retracement of $1302.55 and $1352...