US data preview – Nomura

Analysts at Nomura offered a preview of the forthcoming and final US data of the week. Key Quotes: "New home sales: New home sales decelerated notably in December, registering an annualized rate of 536k, which is a 10.4% m-o-m decrease. In January, we expect new home sales to have rebounded ...

RBA sees China’s growth rate continuing

Lowe has been taking questions in front of the House of Representatives' Standing Committee on Economics at the moment. The RBA sees China's growth rate continuing. Previous comments: RBA's Lowe: "Commodity prices will pull back from current levels"  Lowe ...

RBA’s Lowe: “Commodity prices will pull back from current levels”

Lowe is taking questions in front of the House of Representatives' Standing Committee on Economics at the moment. The RBA thinks that commodity prices will pull back from current levels and Lowe doesn't expect Iron ore to sustain at USD90 tonne. Lowe also said with the marke ...

Lowe: “Hard to say that Aussie is fundamentally overvalued”

Lowe who is continuing to take questions in front of the House of Representatives' Standing Committee on Economics at the moment. Lowe already stated that he does not see the rate of inflation falling any further and the reduced unemployment rate should be possible and be keeping close to th ...

RBA’s Governor Lowe states global economy firmer footing

Lowe is upbeat on the global economy and said the current rate is consistent with reaching the CPI goal when taking questions in front of the House of Representatives' Standing Committee on Economics. Lowe does not see the rate of inflation falling any further and the reduced unemployment rat ...

NZD/USD sitting on key support, eyes 0.73 handle

Currently, NZD/USD is trading at 0.7230, up 0.03% on the day, having posted a daily high at 0.7234 and low at 0.7228. NZD/USD is consolidated after meeting highs overnight at 0.7246 in an extension of the rally from 0.7140 and through and away from the aligning 20 and 50 smas on the 4-hour sticks ...

HP shares close 8% higher after setting new 52-week high

Investing.com - HP Inc (NYSE:HPQ) rallied to close more than 8% higher at $17.60 on Thursday, as investors poured into the PC and printer maker’s shares, following the release of better than expected first-quarter fiscal earnings results after the U.S. close on Wednesday. The company reported ...

US data reviewed: steady downtrend in Initial jobless claims – Nomura

Analysts at Nomura offered a review of the Initial jobless claims. Key Quotes: "For the week ending 18 February, initial jobless claims were up 6k to 244k, and the prior week was lowered to 238k from 239k. The 4-week moving average was 241k, down 4k from the previous week's revise ...

Wall Street was mixed, blue chips making longest run in 30 years

Wall Street was mixed with modest gains in the Dow Jones and the S&P 500 making fresh highs while the NASDAQ dropped back. The Dow Jones Industrial Average was leading with gains in health-care stocks and along with the S&P, the blue-chips were registering 10 straight days of gains an ...

AUD/NZD correction could extend to 1.0600 area – Westpac

Analysts at Westpac offered their outlook for the antipodean cross and rates. Key Quotes: "AUD/NZD 1 day: Reversed just shy of the important 1.0770 area (a technical “neckline”), with potential for this correction to extend to the 1.0600 area. AUD/NZD 1-3 month: Higher to th ...

RBA’s Lowe vs. Aussie vs. households 180% ‘dark cloud’ debt-to-income

Markets participants shift their attention to RBA's Lowe upcoming speech to gather evidence to either increase their long-Aussie positions or reduce them on the spot. As of writing, the AUD/USD pair, a commodity-linked currency, navigates the waters above 0.77 which increase the odds to expec ...

Canada stocks lower at close of trade; S&P/TSX Composite down 0.31%

Investing.com – Canada stocks were lower after the close on Thursday, as losses in the Industrials, Materials and IT sectors led shares lower. At the close in Toronto, the S&P/TSX Composite fell 0.31%. The best performers of the session on the S&P/TSX Composite were CCL Industries Inc ...

Wall Street closes mixed: Dow makes it 10

Investing.com – U.S. equities closed mixed for a second consecutive session on Thursday, as energy stocks soared while industrials lagged. US equities ebbed and flowed throughout the session, after comments from new U.S. Treasury Secretary Steven Mnuchin on tax reform failed to inspire ...

Gold vs. US dollar; No yield vs. 116

Currently, the Gold spot is trading at 1249.92, up +1.00% or 1245-pips on the day, having posted a daily high at 1251.10 and low at 1237.79. On the other hand, the US 10yr treasury yields have traded from 2.41% to 2.37%, down -1.25% on the day at 2.38% or -0.0302. Gold bugs are on banking a 2-da ...

Colombia stocks higher at close of trade; COLCAP up 0.68%

Investing.com – Colombia stocks were higher after the close on Thursday, as gains in the Financials, Industrials and Agriculture sectors led shares higher. At the close in Colombia, the COLCAP rose 0.68%. The best performers of the session on the COLCAP were Corporacion Financiera Colombiana SA ...