The New Zealand extended losses on Wednesday amid the release of disappointing data from the job market. After grinding lower yesterday, NZD/USD fell another 0.55% to 0.7425, its lowest level of the past five days. Despite the fact that the second-quarter unemployment rate matched estimate of 4...
In view of Aila Mihr, Analyst at Danske Bank, the pair’s next target could be 1.1876, 2010 lows. Key Quotes “EUR/USD took another strong move higher yesterday and broke above 1.18 for first time since 14 January 2015...
Analysts at Nomura, in respect to Japan's economy, suggest that the key points for 2017 H2 are export recovery and dent to spending from inflation...
Tomorrow morning, the Reserve Bank of Australia’s cash rate is set to remain on hold at 1.5% despite the Aussie is on a bullish trend since mid-May. The Aussie can be traded at almost $0.80. It is worth noting that the Australian currency has gained more than 11% this year...
The Swiss National Bank reported a profit of CHF 1.2 billion for the first half of 2017, compared to CHF 7.9 billion for the first quarter. The sharp appreciation of the Swiss franc against most of its peers, mostly the US dollar, ate up the profits from shares and bonds investments...
The ruble is trading sideways around 60 ruble and this may not last long as the USDRUB pair is under pressures. While the Russian economic data are improving, there are other geopolitical issues that may have strong consequences on the future of the Russian economy. Indeed, U...
Durable goods orders printed well above median forecast suggesting a solid recovery in June after two months of contraction. The headline gauge increased 6.5%m/m versus 3.9% expected and an upwardly revised figure of -0.1% in May...
The automotive transmission system is the final stage of the engine, till the engine hits the wheel. The whole system is responsible for making engine and wheel work together...
FX Strategists at Scotiabank remain neutral/bearish on the pair in the near term horizon. Key Quotes “Hawkish ECB comments coincided with the FOMC policy statement yesterday, possibly amplifying the reaction in EURUSD...
The news did not make massive headlines. The VIX, the US volatility index which is also known as the “Fear Index”, just collapsed to an all-time low below 10. We recall that the 20-year average is above 20 for the index...
The Federal Reserve will announce its decision on monetary policy at 18:00 GMT. There won’t be a press conference. The minutes of the meeting will be released in three weeks (August 16) and the next meeting will be September 20 (will include new projections and press conference...
The divergence between surveys and hard data in the US continued yesterday. The Conference board’s index of consumer confidence increase to 121.1 in July assent expectations for marginal decline...
The headline inflation measure fell unexpectedly in the second quarter, printing at 1.9%y/y versus 2.2% expected and down from 2.1% in the previous quarter...
Judging from the bullish rush in the Euro the global reflation trade is back on. Investors are piling into risky asset to capture real returns, driving inflows into equities (relative growth over value) and EM...
Over the last four weeks the Brazilian real rallied more than 7% against the greenback amid easing political uncertainties. USD/BRL fell from 3.3485 to 3.1111 before stabilising at around 3.1450...
The shared currency kept the negative tone through early NA session on Monday, with the EUR/USD pair retreating from fresh 2-year tops near 1.1685 level. Currently hovering around mid-1...
The US real estate market keeps on growing very significantly. One key indicator of the US economy, existing homes sales keep increasing and are now at 2007 level. Today will be released June data and should remain around May levels at all time high...
The Japanese has been rally strongly over the last two weeks as investors continued to discount the Fed’s hawkish stance. USD/JPY broke the 111 support (psychological level and Fibonacci 61.8% on June-July rally) to the downside...
The annual Sino-US Comprehensive Economic Dialogue session in Washington kicked off this week, but ended abruptly on the same day, with cancellation of the traditional press conference, no joint statement and no new announcement of a bilateral trade deal...
