Policy uncertainty to remain high – Socgen

Analysts at Societe Generale explained that following last year’s dramatic political events, policy uncertainty is expected to remain high also this year. Key Quotes: "A theme to follow closely will be the strength of rising inflation in the euro area. This week’s expected rise i ...

Expectations for Chinese data – Nomura

Analysts at Nomura expectations for Chinese data. Key quotes: "Industrial production growth (data on 20 January) to tick down to 6.1% y-o-y in December from 6.2% in November, fixed asset investment growth to edge down to 8.2% y-o-y (ytd) from 8.3% in November, and retail sales growth t ...

AUD/USD in minor recovery within major bear trend

Currently, AUD/USD is trading at 0.7218, up 0.50% on the day, having posted a daily high at 0.7225 and low at 0.7168. AUD/USD remains in recovery mode although within a heavily strong bearish trend and continues to trade with a bearish bias.  The markets will be back to full and pressures in ...

Australia AiG Performance of Mfg Index remains unchanged at 54.2 in December

Australia AiG Performance of Mfg Index rose from previous 54.2 to 55.4 in December

Key Chinese data on the cards – BBH

Analysts at Brown Brothers Harriman noted that the Caixin China manufacturing PMI for December will be reported Tuesday. Key Quotes: "...which is expected to remain steady at 50.9.  Official PMI reading came in at 51.4 vs. 51.5 expected, and down from 51.7 in November.   PBOC adviso ...

Dollar recovered during light trading on Monday

Investing.com - The dollar regained momentum lost during the last two weeks against a basket of six major currencies on Monday. But forex trading was thin today due to many markets, here and abroad, being closed for the New Year's Day holiday. The dollar rose two cents to as high as $1.07, befor ...

Aussie trade deficit to narrow – Socgen

Analysts at Societe Generale are expecting Aussie trade deficit to decline for November. Key Quotes: "Although reality defied predictions of a sharp narrowing in the trade deficit in October – it actually widened by AUD269m – we again forecast a sizable declin ...

AUD/USD remains below 0.7200, near December lows

AUD/USD opened the year with a modest decline. The pair fell during the Asian session to 0.7164, approaching December lows. Then bounced to the upside and traded most of the day in a small range between 0.7190 and 0.7170.  Activity across financial markets remained quiet all Monday an ...

US NFP: We see scope for disappointment – BBH

On Friday, in the US, the December employment report will be released. According to analysts from Brown Brother Harriman, there is scope for disappointment. They see that the most important aspect may be the average hourly earnings.  Key Quotes:  “The consensus is for about the sam ...

EUR/USD extends reversal from Thursday’s spike

EUR/USD is about to post the second daily decline in a row. The pair continues to decline after making on Thursday a spike to 1.0650 and it was about to end the first trading day of 2017 below 1.0500.  Currently, it stands at the lows, hovering around 1.0460. Today price dropped back below th ...

European stocks rise on the first day of trading of 2017

On a low volume session, European stocks finished higher. Wall Street and UK markets remained closed.  In Germany, the DAX rose 1.0%, Spain’s Ibex 35 gained 0.72%, Italy’s MIB climbed 1.7% and in France the CAC 40 rose 0.40%.  The euro Stoxx 50 gained 0.60% having the bes ...

EUR/JPY remains unable to consolidate above 123.00

EUR/JPY is falling marginally on Monday, currently at 122.85, down less than 10 pips from Friday’s closing price.  The pair earlier today peaked at 123.50 but quickly bounced back under 1.2300. It bottomed at 122.77. For the fifth trading day in a row, EUR/JPY was unable to hold abov ...

Israel stocks higher at close of trade; TA 25 up 0.13%

Investing.com – Israel stocks were higher after the close on Monday, as gains in the Real Estate, Oil&Gas and Biomed sectors led shares higher. At the close in Tel Aviv, the TA 25 added 0.13%. The best performers of the session on the TA 25 were Gazit Globe (TA:GZT), which rose 2.94% or 100 ...

Oil markets set to shift focus to output cut compliance in 2017

Investing.com – With global oil markets closed on Monday and crude prices having pocketed gains of around 50% during 2016, traders prepared to watch developments surrounding the landmark deal reached by the Organization of the Petroleum Exporting Countries (OPEC) and several non-OPEC oi ...