South Korea Current Account Balance rose from previous 7.14B to 8.57B in December

USD/NOK gaining upside traction

USD/NOK declines over recent weeks appear to have been temporarily stalled in the face of a bullish development.The MACD line is tracing higher lows, when compared to recent sessions. Meanwhile, the meandering of the price structure is carving lower lows, which should give strong indication that w ...

AUD/NZD: targeting 1.0570 – Westpac

Analysts at Westpac gave their outlook for the antipodean cross and rates. Key Quotes: "AUD/NZD 1 day: The very strong trade data has given the cross a boost, next targeting the 1.0570 area (Jan highs). AUD/NZD 1-3 month: Higher to the 1.0650-1.0770 area, mainly for valuation reasons. Th ...

AUD/USD: bulls eye the 2016 highs at 0.7830

Currently, AUD/USD is trading at 0.7660, down -0.02% on the day, having posted a daily high at 0.7665 and low at 0.7657. Commodities: gold on the up as political tensions rise - ANZ AUD/USD has bene supported on commodities and copper in particular, while at the same time, the trade balance wa ...

Australia AiG Performance of Services Index: 54.5 (December) vs previous 57.7

Commodities: gold on the up as political tensions rise – ANZ

Analysts at ANZ noted that commodities were mixed as further political uncertainty and a weaker USD gave way to some selling late in the trading day. Key Quotes: "Crude oil prices ended the day relatively unchanged, although intra-day moves were large. President Trump’s condemnatio ...

Economic wrap: BoE’s next move could be either direction – Westpac

Analysts at Westpac offered an economic wrap. Key Quotes: "The Bank of England kept the policy rate at 0.25% and reaffirmed it neutral stance, as expected. The vote was unanimous. The growth outlook was upgraded, citing a looser fiscal stance, the inflation forecast wa ...

Wall Street: mixed while Trump took the headlines yet again

Wall Street closed and on par worth yesterday's results.  Once again, Trump has been a concern to markets due to his latest overtures to foreign leaders.  There was a phone call between Trump and his Australian counterpart, Prime Minister Malcolm Turnbull that was leaked to have bee ...

Canada stocks lower at close of trade; S&P/TSX Composite down 0.02%

Investing.com – Canada stocks were lower after the close on Thursday, as losses in the IT, Telecoms and Consumer Discretionary sectors led shares lower. At the close in Toronto, the S&P/TSX Composite declined 0.02%. The best performers of the session on the S&P/TSX Composite were Detour ...

Shares down at close in U.S. trade as political risk weighs

Investing.com - The Dow trended weaker at the U.S. close with sentiment mixed as the longer-term promise of tax cuts and higher federal spending is offset by political risk concerns. A series of diplomatic snafus by the Trump administration are worrying some in the market. The Dow Jones ease ...

Brazil stocks lower at close of trade; Bovespa down 0.40%

Investing.com – Brazil stocks were lower after the close on Thursday, as losses in the Financials, Basic Materials and Telecoms sectors led shares lower. At the close in Sao Paulo, the Bovespa lost 0.40%. The best performers of the session on the Bovespa were Cia Siderurgica Nacional SA (SA:CSNA3), ...

Oil settles lower in U.S. with rig count ahead, OPEC curbs seen adequate

Investing.com - Crude prices settled lower in U.S. trade on Thursday as investors waited for end of the week rig count data and took profits on what are seen as so far adequate compliance with coordinated cuts to global oil production of almost 1.8 million barrels per day for the first six month ...

US dollar index rebounds and ends higher ahead of NFP

The US dollar strengthened on Thursday during the American session and recovered ground. The worst performer in the currency market was the pound, that tumbled after Bank of England’s decision and the release of the Quarterly Inflation report.  Attention lies now on Friday’s U ...