Four conditions from the ECB – Rabobank

Analysts at Rabobank exlained that as expected, the ECB president argued that the ECB will look through transitory developments in inflation and instead will focus in the “coming months” on judging “whether higher headline inflation translates into higher underlying inflatio ...

AUD/NZD: antipodean outlook – Westpac

Analysts at Westpac offered an outlook for the antipodean cross and rates. Key Quotes: "AUD/NZD 1 day: (1.0520) Consolidation around 1.05 may well be forming a base for a retest of 1.0565-70 and a potential push towards 1.0650-60 is to be building AUD/NZD 1-3 month: Higher to th ...

Aussie down in Asia as China GDP, retail, industrial data eyed

Investing.com - The Australian dollar trended weaker in Asia on Friday with China growth, retail sales and industrial production ahead expected to set the tone. AUD/USD traded at 0.7556, down 0.07% with China the top trade destination for key commodities from Australia, while USD/JPY changed hand ...

AUD/JPY risk limited near 100-SMA; risk-on towards 90.00

As the NA session ends, AUD/JPY traded at 86.82, up +0.95% on the day, having posted a daily high at 87.07 and low at 85.94. The currency cross continues a 2-day winning streak as investors and traders await Trump's inauguration ceremony to cheer out-of-the-box initiatives or reduce ris ...

AUD/USD consolidated awaiting Trump’s inauguration

Currently, AUD/USD is trading at 0.7558, down -0.02% on the day, having posted a daily high at 0.7566 and low at 0.7556. AUD/USD has been consolidating on the 0.75 handle with some two-way business ahead of Trump's inauguration tonight  while the USD rebounds have been dominating over th ...

Mexico stocks lower at close of trade; IPC down 0.21%

Investing.com – Mexico stocks were lower after the close on Thursday, as losses in the Industrials, Materials and Financial Services sectors led shares lower. At the close in Mexico, the IPC lost 0.21%. The best performers of the session on the IPC were Grupo Televisa SA (MX:TLVACPO), which rose ...

Wall Street in the red while stocks get nervous about the unknown in Trump

The Trump trade was again a weak play, with Wall Street in the red by the close of play on Thursday - the day before Donald J Trump takes up the presidency of America. The markets were mixed on Wall Street with the dollar bouncing back and yield son the rise wit ...

NZD/USD accelerates towards day’s high; 0.7200 on the table

Currently, NZD/USD is trading at 0.7186, up +0.88% on the day, having posted a daily high at 0.7200 and low at 0.7118. Despite the bearish bias, the NZD/USD managed to protect its bunkers full of gains against the latest dollar recovery. To note, Initial Jobless Claims printed a relative decen ...

Canada stocks higher at close of trade; S&P/TSX Composite up 0.08%

Investing.com – Canada stocks were higher after the close on Thursday, as gains in the Industrials, Materials and Telecoms sectors led shares higher. At the close in Toronto, the S&P/TSX Composite gained 0.08%. The best performers of the session on the S&P/TSX Composite were Cameco Corp ...

Chile BCCH Interest Rate: 3.25% (January) vs previous 3.5%

EUR/USD: rally extends through 1.0650, next risk is Trump

Currently, EUR/USD is trading at 1.0665, up 0.26% on the day, having posted a daily high at 1.0678 and low at 1.0589. EUR/USD has bounced hard on the four hour chart and more near term, the rally has recouped practically all of the recent sell-off with overnight trade and while the ECB left rate ...

USD/JPY down 80-pips, finds support near 200-SMA

Currently, USD/JPY is trading at 114.82, up +0.15% on the day, having posted a daily high at 115.61 and low at 114.37. During the last hours of the NA trading session, sellers pushed prices lower erasing a decent portion of the accumulated gains the pair banked.  As President-elect Trum ...

US dollar fails to hold to gains on Obama’s last day

The US dollar turned to the downside during the last hours of the American session and erased gains. The decline took place as equity prices extended losses. The Dow Jones was falling 0.48% and the Nasdaq was down 0.35%. Gold prices rebounded during the last hours, climbing back above $1,205/o ...