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Dollar Drops Versus Yen Amid Skepticism of April U.S. Rate Hike The dollar halted a two-day advance against the yen as comments by Federal Reserve officials suggesting the central bank may raise interest rates as soon as next month failed to boost the greenback’s appeal. The U.S...
Asian Shares Edge Lower as Fed Rate Talk Revives Asian stocks slipped on Tuesday as hawkish comments from U.S. Federal Reserve officials clouded the monetary policy outlook less than a week after Fed Chair Janet Yellen had set out a more cautious path to interest rate increases this year...
Japan Manufacturing Sector Contracts Unexpectedly In March Japan's manufacturing activity deteriorated for the first time in eleven months in March, the latest flash survey from Markit Economics showed Tuesday. The Markit/ Nikkei Manufacturing Purchasing Managers' Index, or PMI, fell to 49...
Australian Dollar Rises Against Majors The Australian dollar strengthened against the other major currencies in the Asian session on Tuesday. The Australian dollar rose to a 4-day high of 85.10 against the yen, from yesterday's closing value of 84.82. Against the U.S...
Nikkei Rises Sharply as Dollar Gains on Hopes for Fed Rate Hike TOKYO, March 22 Japan's Nikkei share average rose sharply on Tuesday as the dollar extended its rebound against the yen after two U.S. Federal Reserve officials supported the case for an interest rate hike sooner than later...
Analytical Review of the Stocks of Merck&Co. Inc. Merck&Co. Inc., #MRK [NYSE] Health care, drug production, USA Financial performance of the company: Index – DJIA, S&P 500...
Taiwan Jobless Rate Rises As Expected In February Taiwan's unemployment rate increased for the fourth straight month in February, in line with expectations, figures from the Directorate General of Budget Accounting and Statistics, or DGBAS, showed Tuesday...
FXWIREPRO: Nikkei225 Faces Strong Resistance Around 17300, Good to Buy at Dips Major resistance - 17300 The index has broken minor resistance around 17000 and jumped till 17097 at the time of writing slightly recovered after making a low of 17014. It is currently trading around 16664...
South Korean Won Continues to Gain Against US Dollar, Intraday Bias Remains Bearish USD/KRW is currently trading around 1160 levels. It made intraday high at 1164 and low at 1159 levels. Intraday bias remains bearish till the time pair holds key resistance at 1169 levels...
Moody's: Credit Quality of Korean Non-Financial Corporates Stable in 2016 Moody's says the credit quality of non-financial corporates in Korea (Aa2 stable) will be stable in 2016, but that weak macroeconomic conditions will increase challenges for some sectors...
Aussie Gains on the Back of Higher Than expected Hpi Data AUD/NZD is currently trading around 1.1205 levels. Pair made intraday high at 1.1214 and low at 1.1189 marks. Australia's House Price Index rose 0.2% in the December quarter, following a 2.0% increase in the previous three-month period...
Australia Home Prices Add 0.2% In Q4 Home prices in Australia added a seasonally adjusted 0.2 percent on quarter in the fourth quarter of 2015, the Australian Bureau of Statistics said on Tuesday. That beat forecasts for a flat reading following the 2.0 percent increase in the third quarter...
USD/SGD Hovers Around Initial Resistance at 1.3628, Intraday Bias Remains Neutral USD/SGD is currently trading around 1.3622 marks. It made intraday high at 1.3631 and low at 1.3593 levels. Intraday bias remains slightly bullish till the time pair holds key support at 1.3481 levels...
China’s Monetary Policy Regime in Transition - Nomura The Global Markets Research Team at Nomura notes that China’s monetary policy regime is currently experiencing a transition towards a more market-based regime...
AUD/USD Awaits Stevens AUD/USD is consolidated sub the 0.76 handle as the PBOC sets the USD/CNY mid -point today at 6.4971. AUD/USD been in gradual decline since losing the 0.76 handle again in the US, post a pop-up to test the 0.7620 offers in European trade...
Commodities in a Snapshot, Energy Higher - ANZ Analysts at ANZ noted the action the commodities sector overnight an that energy prices were stronger. Key Quotes: Brent prices pushed above USD41/bbl with the front month Brent-WTI price spread consistently trading above USD1.6/bbl...
Fed Speakers Flag Potential for Hikes - ANZ Analysts at ANZ explained that three Fed members (non-voters) flag potential for rate hikes. Key Quotes: "Williams: expects a rate cut in April and June if all else is equal and data flow continues the way he expects...
USD/CNY: Fix to be Higher by 91 Pips - Nomura Analysts at Nomura offered their model for the CNY fix today. Key Quotes: "Our model projects the fix to be higher by 91 pips from the previous fix (6.4915 from 6.4824) and higher by 57 pips from the previous spot USD/CNY official close 6.4858...
EURUSD Daily Forecast: March 22 2016 EURUSD Forecast The EURUSD was indecisive yesterday. The bias remains neutral in nearest term, but we have a potential false breakout bearish scenario as you can see on my H1 chart below especially if price able to make a clear break and daily close below 1...
