Overnight market activity constrained, but… – ANZ

Analysts at ANZ noted the the activity overnight remained constrained as financial markets seem to be at somewhat of a crossroads in the short term.  Key Quotes: "That may just be position congestion given the sell-off in bonds, rally in the dollar and appreciation in equities sinc ...

Japan JP Foreign Reserves down to $1216.9B in December from previous $1219.3B

USD/JPY: headed to 120 before 115 by end of the year – Rabobank

Analysts at Rabobank explained that the recent gains in the USD combined with the recent movements in US interest rates across the curve suggest that there has been noticeable tightening in US monetary conditions in recent months.  Key Quotes: "This supports our view that the Fed i ...

AUD/USD tucked in below 0.74 handle, a sell on rallies through there?

Currently, AUD/USD is trading at 0.7366, down -0.06% on the day, having posted a daily high at 0.7375 and low at 0.7364. AUD/USD continues to attract a bid, albeit momentum has stalled and the pair moves into a phase of consolidation here. A test of 0.7400 could be on the cards on a decline o ...

USD/CAD gravitates around short-term 50 SMA; Short or Long?

The USD/CAD killed any buying or selling interest just like the other currency majors during a boring trading day that lacked any specific direction.  Furthermore, the loonie traded a narrow range between the 1.3250 resistance and 1.3190 support. The currency pair weighed three relevan ...

Key questions for 2017 – ANZ

Analysts at ANZ explained that investors are, understandably, wary and whilst the reflation story has been wholeheartedly embraced, getting the next step right is important.  Key Quotes: "Some early 2017 questions are: will US interest rate expectations correct back if harsh weather bite ...

NZD/USD double top, a sell on rallies to 0.7100?

Currently, NZD/USD is trading at 0.6988, down -0.05% on the day, having posted a daily high at 0.6998 and low at 0.6988. NZD/USD has made a double top at the 4hr 200 sma this year so far, with the MA currently located at 0.7031 with a high of 0.7046 i ...

Load-down of the US session’s data and GDP Q4 tracker update – Nomura

Analysts at Nomura offered the load-down of the US session's data. Key Quotes: "NFIB Small Business Survey: The small business optimism index was up 7.4pp at 105.8 in December, marking the highest reading since the end of 2004. This reading appears consistent with other business survey ...

API reports 1.5 million barrels crude gain, higher than expected

Investing.com - The American Petroleum Institute said late Tuesday that crude oil stocks rose 1.5 million barrels last week, above a forecast of a 900,000 barrels build, while distillate inventories jumped 5.5 million barrels an gasoline supplies rose 1.7 million barrels. Stocks at Cushing ...

United States API Weekly Crude Oil Stock rose from previous -7.43M to 1.5M

Wall Street mixed again NASDAQ new highs, Dow still can’t reach 20,000

Wall Street was again another mixed bag with the NASDAQ scoring another record for a third session while the Dow Jones still has not managed to pull off a score to the psychological 20,000 mark yet. There has been very little go with at the start of this week and things have not really given u ...

United States API Weekly Crude Oil Stock rose from previous -7.43M to 1.5M

United States API Weekly Crude Oil Stock rose from previous -7.43M to 1.5M

US Dollar Index survives 101.48 low, bulls trapped below 50 SMA

Once again, the US dollar index faces renewed selling pressure close to the 102.50 handle. As expected, an economic calendar empty without US data and uncertainties related to President Trump’s inauguration, served as catalysts to leave the greenback behind as it traded near to th ...

Peru stocks higher at close of trade; S&P Lima General up 1.00%

Investing.com – Peru stocks were higher after the close on Tuesday, as gains in the Mining, Electricity and Services sectors led shares higher. At the close in Lima, the S&P Lima General gained 1.00% to hit a new 52-week high. The best performers of the session on the S&P Lima General were ...