Japan Monetary Base (YoY) fell from previous 22.1% to 21.5% in November

Aussie retail sales preview – what to expect in AUD/USD?

Currently, AUD/USD is trading at 0.7420, up 0.02% on the day, having posted a daily high at 0.7423 and low at 0.7413. AUD/USD has made a minor recovery and correction of the sell-off from 0.7170 to the low of 0.7041 with the US dollar index 0.3% lower, despite further improved data and a fall i ...

Preview of the employment report – Nomura

Analysts at Nomura offered a preview of the employment report. Key Quotes: "We forecast that nonfarm payrolls increased by 160k in November, comparable with the gains seen in October.  We expect a modest rise of 5k in government payrolls, implying that private payrolls increased by 155k ...

Growing price instability in GBP/USD

GBP/USD was a game of two halves in yesterday's trading, forming a high wave candlestick pattern on this time frame.While closing the day above the 21-day simple moving average, this pair has thrown in a large bodied candlestick with seemingly large upper and lower wicks. Both buyers and seller ...

USD/HUF pierces big level to upside

USD/HUF posted an intraday 52-week high but failed to close higher.There is a new USD/HUF 52-week high in place, but not on a daily close basis. Today's price movement punched a 52 week high but it came down, closing the day below.

EUR/SEK: faster SMA now above 200-hour

As the EUR/SEK hourly chart illustrates, a cross in the 50-period SMA above the 200-period has been spotted.In the current scenario, the recently printed low prices are at relatively narrow distance to the SMA juncture which is expected to withstand a collision. Buyers might take advantage of an ...

South Korean GDP 0.6%

South Korea’s gross domestic product rose last month, official data showed on Thursday.In a report, Korea National Statistical Office said that South Korean GDP rose to a seasonally adjusted 0.6%, from 0.7% in the preceding month.Analysts had expected South Korean GDP to last month.

NZD/USD bearish: targeting sub-0.70

Currently, NZD/USD is trading at 0.7086, up 0.01% on the day, having posted a daily high at 0.7093 and low at 0.7083. NZD/USD has continued to drift higher in a correction of the 0.7170 downside, despite further positive data from the US overnight. US ISM manufacturing surve ...

Market wrap: Volatility ruled – ANZ

Analysts at ANZ offered a market wrap. Key Quotes: "Volatility ruled, with firmer US data seeing the bond rout continue, while headlines from policy makers drove volatility in currency markets. Equities were biased lower with Europe underperforming. Oil continued to rally and gold resumed it ...

SAR still trailing the falling USD/CAD rate

We see an injection of volatility in the already heavy looking USD/CAD pair.The washout in today's trading has expanded the Bollinger® bandwidth indicator for four consecutive hours beyond the maximum width seen in a week of trading. Moreover, the same 1hr charts show recent close prices printing ...

Wall Street mixed ahead of nonfarm payrolls; Dow made new record highs

Wall Street was mixed at the start of the month, although while the S&P 500 and NASDAQ dropped, the Dow Jones actually finished at a record. Data was light, although the US ISM manufacturing survey rose from 51.9 to 53.2 (52.5 expected). Analysts at Westpac explained that producer sentiment ha ...

United States Total Vehicle Sales came in at 17.9M, above forecasts (17.7M) in November

Economic wrap: eyes on nonfarm payrolls – Westpac

Analysts at Westpac offered an economic wrap. Key Quotes: "US ISM manufacturing survey rose from 51.9 to 53.2 (52.5 expected). Producer sentiment has been boosted by oil prices and inventories are becoming less of a drag. Markit’s PMI was revised higher from 53.9 to 54.1. Constructio ...

Canada stocks lower at close of trade; S&P/TSX Composite down 0.37%

Investing.com – Canada stocks were lower after the close on Thursday, as losses in the Healthcare, IT and Consumer Staples sectors led shares lower. At the close in Toronto, the S&P/TSX Composite fell 0.37%. The best performers of the session on the S&P/TSX Composite were MEG Energy Corp ...

Gold settles down 0.4%

Investing.com - Gold prices fell Thursday, as very strong U.S. economic data made the case that the Federal Reserve will take a more aggressive approach on monetary policy this month. The Fed has been loathe to raise interest rates, during the Obama administration, because of tepid economi ...