AUD/NZD outlook: higher to 1.1000 and beyond? – ANZ

Analysts at ANZ offered their outlook for the Antipodean cross and rates. Key Quotes: "AUD/NZD 1 day: Stalled in the low 1.09’s, we are alert to the possibility of a downward correction before the uptrend resumes. AUD/NZD 1-3 month: Higher to 1.10+. The cross remains well below fai ...

Japan BSI Large Manufacturing (QoQ) below expectations (8.4) in 1Q: Actual (1.1)

Japan’s BSI manufacturing index 1.1 vs. 8.4 forecast

Japan’s Business Index Survey of large manufacturing conditions fell unexpectedly in the last quarter, official data showed on Thursday.In a report, Ministry of Finance said that BSI large manufacturing conditions fell to a seasonally adjusted annual rate of 1.1, from 7.5 in the preceding ...

Crude prices stage mild rebound in early Asia, rig data eyed

Investing.com - Crude rebounded slightly in early Asia on Friday after another sharp drop overnight after Saudi Arabia warned that an extension of a coordinated oil output cut beyond June 30 is not guaranteed with investors turning attention to weekly rig count data in the U.S. On the New Yor ...

NZD/USD: expecting dips to be shallow despite nonfarm payrolls – ANZ

Analysts at ANZ noted that the Kiwi is finally showing signs of consolidation, as we thought it eventually might, finding a new level around 0.6900.  Key Quotes: "It’s only early days yet, but with a March Fed rate hike now fully priced and two full hikes priced in over th ...

AUD/USD: consolidates around 0.7500 ahead of key US jobs data

Currently, AUD/USD is trading at 0.7503, down -0.07% on the day, having posted a daily high at 0.7513 and low at 0.7500. AUD/USD is consolidated within a 20 pip range, much like its antipodean partner, the NZD/USD. AUD/USD is stuck around the 0.75 handle while the market awaits the nonfarm payroll ...

USD/SEK: faster SMA now above 200-hour

As the USD/SEK hourly chart illustrates, a cross in the 50-period SMA above the 200-period has been spotted.In the current scenario, the recently printed low prices are at relatively narrow distance to the SMA juncture which is expected to withstand a collision. Buyers might take advantage of an ...

Buyers may narrow their USD/CAD projections

Market’s preference for a firmer USD/CAD has been reflected in historic highs in the daily MACD series.Equally significant in its bullish makeup is the MACD histogram, which has reached a peak not seen in the last six months.Yesterday's higher MACD reading though, is an early warning that momentum ...

USD/HUF MACD indicates downside pressure

The failure of MACD to test recent highs indicates that USD/HUF could be facing downside pressure soon.Over the past two weeks, it has become evident that a bearish divergence between USD/HUF spot and the MACD has developed, which typically implies weakness ahead. Additionally on a 4-hour chart, w ...

AUD/USD MACD opens the gates for further depreciation

A bearish MACD line cross below its median on a daily chart suggests that momentum is to the downside at the moment.Traders following this technical signal will now more confident that serious inroads to the AUD/USD downside can be achieved. Potential and long-term sellers should find comfort i ...

Mexico stocks lower at close of trade; IPC down 0.58%

Investing.com – Mexico stocks were lower after the close on Thursday, as losses in the Telecoms Services, Financial Services and Materials sectors led shares lower. At the close in Mexico, the IPC fell 0.58%. The best performers of the session on the IPC were Arca Continental , S.A.B. De C.V. ...

Staples shares close 5% lower after earnings miss

Investing.com – Staples Inc (NASDAQ:SPLS) closed more than 5% lower on Thursday, after fourth quarter earnings and revenue both missed Wall Street estimates. Impairment charges of roughly $791 million which included charges related to goodwill impairment, restricting costs and asset writ ...

NZD/USD: bears still some way of critical support at 0.6860

Currently, NZD/USD is trading at 0.6899, down 0.00% on the day, having posted a daily high at 0.6905 and low at 0.6895. NZD/USD is consolidated within a 20 pip range around the 0.69 handle ahead of today's nonfarm payrolls report. The ADP report was very bullish in respect to a decent headlin ...

Saudis tell U.S. oil: OPEC won’t extend cuts to offset shale – RTRS

Saudi officials held a closed-door meeting with five U.S. producers; two industry sources told Reuters on Thursday. Senior Saudi energy officials told top independent U.S. oil firms that they should not assume OPEC would extend output curbs to offset rising production from U.S. shal ...

New Zealand Electronic Card Retail Sales (MoM) fell from previous 2.7% to -0.6% in February