BOJ Summary of Opinions: Will take some time for inflation to accelerate

According to the BOJ Summary of Opinions from its January 30/31 meeting, it will take some time for inflation to accelerate, adding that concerns over the ability of the Central Bank to control its yield curve could grow.  Additional headlines - via Reuters CPI likely to rise due to tightenin ...

Japan Trade Balance – BOP Basis up to ¥806.8B in December from previous ¥313.4B

Japan’s Current Account 1.67T vs. 1.71T forecast

Japan’s current account balance rose less-than-expected last month, official data showed on Tuesday.In a report, Ministry of Finance said that Japan’s Current Account rose to a seasonally adjusted 1.67T, from 1.80T in the preceding month.Analysts had expected Japan’s Current Account to rise 1.71T la ...

Japan Current Account n.s.a. below forecasts (¥1294.5B) in December: Actual (¥1112.2B)

Japan Bank lending (YoY) down to 2.5% in January from previous 2.6%

RBNZ preview: shouldn’t ruffle markets much – Westpac

Analysts at Westpac explained that they expect the RBNZ to remain on hold at 1.75% at Thursday’s MPS, and to retain a neutral bias, which shouldn’t ruffle markets much. Key Quotes: "There’s a small risk of a hawkish shift. The RBNZ shifted to a more neutral stance i ...

RBNZ preview: shouldn’t ruffle markets much – Westpac

Analysts at Westpac explained that they expect the RBNZ to remain on hold at 1.75% at Thursday’s MPS, and to retain a neutral bias, which shouldn’t ruffle markets much. Key Quotes: "There’s a small risk of a hawkish shift. The RBNZ shifted to a more neutral stance i ...

RBNZ preview: shouldn’t ruffle markets much – Westpac

Analysts at Westpac explained that they expect the RBNZ to remain on hold at 1.75% at Thursday’s MPS, and to retain a neutral bias, which shouldn’t ruffle markets much. Key Quotes: "There’s a small risk of a hawkish shift. The RBNZ shifted to a more neutral stance i ...

NZD/USD down -0.20% on the day at 0.7294 supported by 200 1hr sma, 0.7286

Currently, NZD/USD is trading at 0.7294, down -0.20% on the day, having posted a daily high at 0.7313 and low at 0.7294. Wall Street mixed in volatile US session with plenty going on Despite a pick up in the GDT price index at 1.3% vrs prior 0.6%, NZD/USD is softer as the week progresses on th ...

EUR/USD: bears lining up January-February retracement objectives

Currently, EUR/USD is trading at 1.0681, down -0.07% on the day, having posted a daily high at 1.0690 and low at 1.0676. Wall Street mixed in volatile US session with plenty going on EUR/USD has been making a strong case for the downside with the DXY back above the 100 handle again after a volatil ...

Mexico stocks lower at close of trade; IPC down 1.05%

Investing.com – Mexico stocks were lower after the close on Tuesday, as losses in the Healthcare, Financial Services and Consumer Staples sectors led shares lower. At the close in Mexico, the IPC declined 1.05%. The best performers of the session on the IPC were Grupo Financiero Santander Mexico ...

WTI making bearish tracks below key technical support (now resistance) at 52.80

WTI has dropped to daily lows on the back of the private inventory data showing a much larger than expected build While we await the official data tomorrow, the private API data offered a much bigger than the expected  2.5m bbls coming in at 14.2m vrs the prior 5.8m for last week - it ...

Gold increases bullish tone above 100-DMA; Chinese demand unstoppable

Currently, Gold spot is trading at 1233.30, down -0.11% or (137)-pips on the day, having posted a daily high at 1235.75 and low at 1227.81.  How does Gold look if Trump's promises impact the US economy later in 2017 and at the beginning of 2018? Not one, but several investment bank ...

RBA, RBNZ and Fed focus – ANZ

Analysts at ANZ explained that as expected, the RBA yesterday left rates unchanged at 1.5%. Key Quotes: "Global economic conditions were noted to have improved recently, but the domestic economy is more mixed, with the tick higher in the unemployment rate somewhat disappointing, while th ...

RBA, RBNZ and Fed focus – ANZ

Analysts at ANZ explained that as expected, the RBA yesterday left rates unchanged at 1.5%. Key Quotes: "Global economic conditions were noted to have improved recently, but the domestic economy is more mixed, with the tick higher in the unemployment rate somewhat disappointing, while th ...