Commodities on a positive note – ANZ

Analysts at ANZ noted that commodities started the week on a positive note. ​​Key Quotes: "With US exchanges closed, political developments in Europe drove sentiment in commodity markets. Crude oil prices nudged higher as investors continued the tug of war between supply around the world. With ...

USD/JPY RSI indicates a weakening pattern

The 1-minute USD/JPY RSI is laboriously trying to reverse the bullish condition falling below the minimum level of the recent nine minutes. USD/JPY quotes at

When are the RBA minutes and how could they affect AUD/USD?

Feb RBA Minutes Overview The Feb RBA minutes is due later today at 12.30GMT. The consensus is that the minutes will mirror the RBA's recent bullish rhetoric of the economy but are released, which should mirror recent upbeat commentary.  How could the RBA Minutes affect AUD/USD? Th ...

NZD/USD: bearish bias, awaiting dairy auction as next catalyst

Currently, NZD/USD is trading at 0.7187, down -0.02% on the day, having posted a daily high at 0.7192 and low at 0.7184. NZ: Economy still has solid credentials - ANZ NZD/USD has been consolidated overnight in quiet holiday markets, supported by the hourly 20 sma and resisted by the 50 sma on th ...

Mexico stocks lower at close of trade; IPC down 0.17%

Investing.com – Mexico stocks were lower after the close on Monday, as losses in the Telecoms Services, Consumer Staples and Materials sectors led shares lower. At the close in Mexico, the IPC fell 0.17%. The best performers of the session on the IPC were Ohl Mexico, S.A.B. De C.V. (MX:OHLMEX), ...

Political outlook: Le Pen in the lead – ANZ

Analysts at ANZ explained that overnight polls showed that National Front leader Le Pen continues to stretch her lead over main rivals in the French presidential race.  Key Quotes: "A daily poll by OpinionWay showed first-round support for Le Pen rising 1%pt to 27%, above her neares ...

Political outlook: Le Pen in the lead – ANZ

Analysts at ANZ explained that overnight polls showed that National Front leader Le Pen continues to stretch her lead over main rivals in the French presidential race.  Key Quotes: "A daily poll by OpinionWay showed first-round support for Le Pen rising 1%pt to 27%, above her neares ...

AUD/NZD and rates outlook: bullish bais – Westpac

Analysts at Westpac offered their outlook for the antipodean cross and rates. Key Quotes: "AUD/NZD 1 day: The 1.0710 level has been a formidable obstacle. We expected further consolidation in a 1.0630-1.0710 range ahead of an eventual push higher. AUD/NZD 1-3 month: Higher to the 1.0770 are ...

GBP/USD: in consolidation awaiting BoE/Treasury Select Committee

 Currently, GBP/USD is trading at 1.2464, down -0.02% on the day, having posted a daily high at 1.2469 and low at 1.2464. Market wrap: S&P500 futures rose 0.2% to new highs - Westpac GBP/USD has been consolidating the bid from the 1.2402 commencing rally from last week's closin ...

Brazil stocks higher at close of trade; Bovespa up 1.16%

Investing.com – Brazil stocks were higher after the close on Monday, as gains in the Basic Materials, Real Estate and Public Utilities sectors led shares higher. At the close in Sao Paulo, the Bovespa added 1.16% to hit a new 5-year high. The best performers of the session on the Bovespa were ...

Colombia stocks lower at close of trade; COLCAP down 0.17%

Investing.com – Colombia stocks were lower after the close on Monday, as losses in the Public Services, Investment and Industrials sectors led shares lower. At the close in Colombia, the COLCAP lost 0.17%. The best performers of the session on the COLCAP were Banco De Bogota SA (CN:BBO), which rose ...

USD/MXN rejected from above 20.50, holds in range

The Mexican peso managed to erase losses on Monday against the US dollar, on a quiet session in the forex market. USD/MXN traded above 20.50 but again, like it happened on Friday, it failed to hold and pulled back.  The pair was about to end the day hovering around 20.40. It continues to trad ...

Economic outlook for the day ahead: RBA in focus – Westpac

Analysts at Westpac offered an economic outlook for the day ahead. Key Quotes: "Australia: Feb RBA meeting minutes are released, which should mirror recent upbeat commentary. Given February is a SOMP month, it is unlikely for anything extra to be revealed in the minutes. Japan: The las ...

Greece: Misses Another Bailout Deadline as Talks Set to Resume – Bloomberg

According to the latest wires, via Bloomberg, Euro-area finance ministers on Monday poured cold water on a quick disbursal of new aid payments, with Athens and its creditors agreeing to pick up discussions in the coming days. Key Highlights: •After months of disagreements, European creditor ...

Gold inter-market: XAU/USD holds near 2017 highs despite yields

Gold has been rising constantly since the beginning of the year while US bond yields are currently at the same levels they had at the beginning of the year. During the third and fourth quarter of last year, the correlation between gold and yields was elevated (negatively).  The rally in th ...