What could prevent a March hike? – Rabobank

Analysts at Rabobank look ahead to the possibility of a Fed hike this month. Key Quotes: "Note that in June 2016 markets had been prepared for a hike by the FOMC as well, but then one bad Employment Report only shortly before the meeting derailed that plan. This could happen again this month ...

North Korea fires unidentified projectile into East Sea – Yonhap report

According to Via Yonhap News, South Korea's largest news agency, North Korea has just fired an unidentified projectile into the East Sea, with sources in the milirary suggesting that it may have fired a ballistic missile.  Yonhap notes: "It could be an intercontinenta ...

Aussie gains ahead of retail sales, North Korea incident eyed

Investing.com -- The Aussie ticked up in Asia on Monday while the dollar fell against the yen following reports of three ballistic missiles fired by North Korea into the Sea of Japan. AUD/USD traded at 0.7594, up 0.01%, hile USD/JPY changed hands at 113.89, down 0.14%. The U.S. dollar index, whic ...

When are Aussie retail sales and how could it affect AUD/USD?

Retail Sales Overview Australian Jan retail sales are due later today at 12.30GMT. The consensus amongst traders expects another wobbly one after the previous 0.1% for Dec. Westpac's forecast is 0.2%, "Mainly as the drag from household goods retail dissipates. Risks are mainly to th ...

Will this week’s US NFP confirm a Fed rate hike in March? – Nomura

Nomura's Economics Team provides their view on the upcoming US Non-Farm Payrolls report, due on Friday, and set to be a critical release to rubber stamp the next rate hike by the Federal Reserve in March, judging by the latest hawkish comments from Fed's Chair Janet Yellen.  Ke ...

Key US jobs report preview – Nomura

Analysts at Nomura offered a preview for this week's key US employment report. Key Quotes: "Incoming data on the labor market suggest strong job gains in February. Data on sentiment, including the Empire State, Philly Fed and ISM manufacturing surveys, point to better hiring activity i ...

NZD/USD correcting bearish opening gap towards 0.7000 key level

NZD/USD is currently trading at 0.7027, recovering from the opening bearish gap down to 0.7009 from last week's close of 0.7040.  Economic wrap: Fed Chair Yellen rubber stamped a March hike - Westpac In summary of last week's closing session in the US, Fed Chair Yellen was the ke ...

AUD/NZD outlook: break towards 1.0875 on the cards? – Westpac

Analysts at Westpac offered their outlook for the antipodean cross and rates. Key Quotes: "AUD/NZD 1 day: Finally sustained the break above the very important 1.0765 area, and now targets 1.0875 (Feb 2016 minor peaks) during the week ahead. AUD/NZD 1-3 month: Above 1.0770 towards 1.10. Th ...

New Zealand Building Permits s.a. (MoM) up to 0.8% in January from previous -7.2%

Economic wrap: Fed Chair Yellen rubber stamped a March hike – Westpac

Analysts at Westpac offered an economic wrap. Key Quotes: "US ISM services PMI rose from 56.5 to 57.6 (56.5 expected). New orders rose +2.6pts to 61.2 - the highest in 18 months, employment also firmed moderately (+0.5pts to 55.2), while prices edged lower (-1.3pts to 57.7). Fed Chair Yelle ...

Weekend news wrap: Trump, European politics/banks and China

After a blockbuster week with the odds for a Fed March hike doubling and Fed Chair Yellen rubber stamping a March hike with some plain speaking language on Friday, looking to weekend news, it was Trump, European politics and China taking up the headlines. Trump was tweeting how Obama had tapped hi ...

Market wrap: dollar lower despite Yellen’s hawkish speech – Westpac

Analysts at Westpac offered a market wrap. Key Quotes: "Global market sentiment: In the key event for markets on Friday, Fed Chair Yellen’s speech signalled a March hike as likely but only gradualism beyond. US interest rates peaked moments after the speech, falling into the close alon ...

Weekly outlook: March 6 – 10

Investing.com - The dollar fell against a basket of the other major currencies on Friday after Federal Reserve Chair Janet Yellen said a rate hike "would likely be appropriate" this month if the economy remains on track. The U.S. dollar index, which measures the greenback’s strength against a ...

The Week Ahead: 5 Things to Watch on the Economic Calendar

Investing.com - In the week ahead, global financial markets will focus on the monthly U.S. employment report due Friday, which could seal the deal for a Federal Reserve rate hike later this month. Meanwhile, in the euro zone, investors will await the outcome of Thursday’s European Central Bank ...

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