RBA Preview - What to Expect in AUD/USD? AUD/USD was bid on broad US dollar weakness overnight after Yellen spoke on the nonfarm payrolls result and monetary policy in a speech in Philadelphia. The risk now comes with the RBA meeting today...
Yellen Removes “In The Coming Months” - Nomura Analysts at Nomura offered a review of Yellen’s speech. Key Quotes: "Federal Reserve Chair Yellen spoke in Philadelphia today...
RBNZ: Can There be a Surprise Cut in Rates? – TDS Research Team at TDS, suggests that the RBNZ is caught flat-footed when compared with the RBA...
Anticipation of Fed Policy is Shaping the Investment Climate - BBH Research Team at BBH, suggests that through the first part of the year, the swinging pendulum of expectations for the trajectory of Fed policy has been a major driver in the foreign exchange market...
FTSE Leads European Stocks Advance, Miners – Top Gainers The European stocks opened a fresh trading week on a positive note, now extending initial gains largely on the back of strong gains seen in the resource and mining stocks...
RBA Seen ‘On Hold’ Tomorrow – TDS Strategists at TD Securities expect the RBA to keeps its monetary policy unchanged at its meeting tomorrow, at 1.75%. Key Quotes “We expect the RBA to hold at 1.75% after hawkish May Minutes and a string of decent data”...
Fed: Calm Before the Storm? - TDS Research Team at TDS, suggests that the risk assets and broader financial conditions had so far weathered the repricing higher of Fed hike expectations pretty well but the weak payroll report should create a sense of unease with the Fed policy stance...
Central Banks Want to See Greater Wage Growth - BBH Research Team at BBH, suggests that the Central banks in Japan, Europe, and the US want to see greater wage growth...
Asian Markets Mix, Gold Hits Fresh 2-Week High in Early Hours All the major Asian stock markets are trading on a mix note on the start of a new week. Important to note here that, major stocks and Forex markets are highly affected by the U.S. job results released on last Friday. U...
FX Market in Need of Conviction - Commerzbank Obviously, the currency market is still not convinced of a Fed rate hike in summer, especially after today’s disappointing US nonfarm payrolls...
Fed's Brainard: Appropriate to Wait for a Rate Hike Until Developments Provide Greater Confidence Fed's Governor Lael Brainard said that she wants to see more data before a rate hike and that she still sees slack in the labour market...
US May NFP: Not a Signal of Underlying Weakening - Lloyds Bank According to analysts from Lloyds Bank the market possibly overreacted to the US employment report. They expect labor market weakness to be temporary but point out that today’s numbers will give FOMC staff a pause to think...
Weekly Focus: Weak US Job Report Should Keep Fed Off the Trigger Market movers ahead The focus continues to be on whether the Fed is about to hike this summer. Today's job report makes it in our view unlikely that the Fed will hike over the coming months...
US Non-Farm Payrolls Barely Gain 38K in May, Weakest Since Sep 2010 US economy added only 38,000 new jobs in May, the weakest performance since September 2010, the Labor Department said Friday. This reading is well below expectations of a 164,000 gain...
Oil Flat-Lined After OPEC Meeting, US Rigs Data Eyed Having witnessed a volatile session a day before, oil benchmarks on both sides of Atlantic trade modestly flat as dust settles over the OPEC meeting aftermath...
Aussie, Kiwi & Nikkei Fight Back Introduction After poorer retail sales than expected weighed on AUD this week, the currency has risen versus the greenback over the NY and APAC trading sessions...
Stocks Rise, Sending S&P 500 and Nasdaq Indexes to Their Highest 2016 Closes - Fed's Evans: Reasonable case can be made for deferring rate hikes until core inflation reaches the Fed's 2% goal. - Fed's Evans: Sees two rate hikes by the end of 2016...
Qatari Energy Minister: OPEC Meeting was Positive Because Oil Prices on the Rise Qatari energy minister Al-Sada crossed the wires via Reuters last minutes, making his comments on Thursday’s OPEC meeting...
Pivot Points DAILY Last Updated: Jun 3, 9:00 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.10212 1.10959 1.11224 1.11706 1.11971 1.12453 1.132 USD/JPY 106.857 107.92 108.388 108.983 109.451 110.046 111.109 GBP/USD 1.42891 1.436 1.43899 1.44309 1.44608 1.45018 1.45727 USD/CHF 0.97843 0.98363 0...
Pivot PointsHourly Last Updated: Jun 3, 9:00 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11365 1.11443 1.11477 1.11521 1.11555 1.11599 1.11677 USD/JPY 108.348 108.5 108.578 108.652 108.73 108.804 108.956 GBP/USD 1.43972 1.44029 1.44055 1.44086 1.44112 1.44143 1.442 USD/CHF 0.98891 0.9896 0...
