NZD/USD: Bears Relentless on RBNZ Rate Cut Leak News The NZD/USD pair extended weakness into a second day this Thursday as the bears retained control amid negative RBNZ news and lower oil prices. NZD/USD: hourly 200-SMA at 0.6840 tested Currently, the NZD/USD pair slumps 0.85% to 0...
AUD/JPY: Aus Jobs Upbeat but 84.00 Tough Nut to Crack AUD/JPY has printed an hourly bearish order book sweep, also know as engulfing candle, following a counter-intuitive reaction to better-than-expected Australian employment figures, with the exchange rate last exchanging hands circa 83...
AUD/NZD Firmer, Takes-Out 1.1150 on Strong Aus Jobs The AUD/NZD cross ran through fresh buyers in the last hour, jumping nearly 80-pips in a bid to regain 1.11 barrier and beyond, after the Australian jobs data outpaced estimates. AUD/NZD climbs on NZD weakness The AUD/NZD pair now advances +0...
AUD/USD Pops and Drops on Upbeat Aus Jobs Data The AUD/USD pair reverses a 25-pips knee-jerk spike seen following the release of the Australian jobs data, which bettered estimates. AUD/USD fails near daily highs Currently, the AUD/USD pair drops -0.13% to 0.7642, quickly fading a spike to 0...
We just got great news about wage growth in America. The Federal Reserve's latest Beige Book report out Wednesday indicated that in 11 of the Fed's 12 regional districts, signs of wage growth were everywhere...
The Producer Price Index for final demand fell 0.1 percent in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices decreased 0.2 percent in February and advanced 0.1 percent in January. On an unadjusted basis, the final demand index moved down 0...
Yen Falling for Second Session - Scotiabank Analysts at Scotiabank noted that JPY is weak and falling for a second consecutive session. Key Quotes: "It begins to retrace a portion of its recent rally...
U.S. Dollar Making a Recovery on Hawkish Fed Speakers The U.S. dollar is showing signs of a correction after a steady lineup of hawkish Fed speakers yesterday from Harker, Williams and Lacker and were increasing expectations for a June rate hike...
Brent: Will the Price Go Above the Level of 45.00? Yesterday’s mixed economic statistics prevented the rise in price of crude oil Brent up to the level of 44.78 USD per barrel...
Dueling Fed GDP Trackers - BBH Analysts at Brown Brothers Harriman explained that the decentralized nature of the Federal Reserve lends itself to both a division of labor and competitive analysis...
Bank of Canada: Little Prospect of Further Easing - ING James Knightley, Senior Economist at ING, notes that today’s statement from the Bank of Canada, suggests that there is little prospect of any easing in the near future...
EUR/CAD – Drops Below 1.44 after BOC Keeps Rates Unchanged EUR/CAD fell below 1.44 handle after Bank of Canada kept key rates unchanged as expected and revised 2016 GDP forecast higher...
BoC Leaves Rates Unchanged, Downgrades Growth Outlook The Bank of Canada (BoC) kept its target for the overnight rate unchanged at 0.5%. The Bank Rate is correspondingly 0.75% and the deposit rate is 0.25...
AUD/USD Gains Capped Around 0.77 – Westpac According to strategists at Westpac, AUD’s upside appears somewhat limited around the 0.7700 handle in the near term. Key Quotes "AUD/USD found fresh buyers and pricing for a May rate cut faded to below 30% after the strong Mar NAB business survey”...
WTI Below $42.00, Losses Momentum Ahead of EIA The barrel of West Texas Intermediate has retreated from recent highs above the $42.00 mark, returning to the $41.70 area...
BoC Decision Preview: What to Expect of USD/CAD? The Bank of Canada (BoC) will announce its monetary policy decision at 14:00GMT and it is widely expected to keep rates on hold at 0.50% this month...
Gold Recovers to Hourly 100-MA After US Data Moderate weakness in the US dollar following a dismal US retail sales release saw gold prices recovery to hourly 100-MA level of $1247.50. Trades above 50% Fibo Prices rose to $1248.89 before falling back to trade just above $1245.37 (50% of 1283-1207...
API Reports Surplus, While WTI Awaits EIA Report - Calls Updated WTI is trading at key resistance area at $41.5/barrel...
US Dollar Near 94.50, Off Highs Post-US Data The greenback, tracked by the US Dollar Index, has lost some momentum following the release of US data, leaving behind session highs near 94.70...
