Australia Westpac Consumer Confidence Index increased to 99.7 in March from previous 99.6

South Korea Unemployment Rate climbed from previous 3.6% to 4% in January

Big events ahead – ANZ

Analysts at ANZ explained that there is no shortage of event-risk in currency markets over the next 36-odd hours. Key Quotes: "The Fed, BoJ, SNB and BoE all have policy meetings, and we should also get the results of the Dutch general election. Closer to home, local Q4 GDP and Australia ...

NZD/USD: chipping away at 0.6920 support before FOMC

Currently, NZD/USD is trading at 0.6922, up 0.04% on the day, having posted a daily high at 0.6924 and low at 0.6918. Forex today: stocks off a cliff ahead of FOMC NZD/USD is slightly offered following the recent data. The New Zealand NZ Balance of Payments Current Account for Q4 arrived in NZ ...

Antipodean cross and rates outlook: headed 1.1050 April lows? – Westpac

Analysts at Westpac offered their outlooks for the antipodean cross and rates. Key Quotes: "AUD/NZD 1 day: Trying to extend the multi-week rally, the next major target the 1.1050 area (April lows). AUD/NZD 1-3 month: Higher to 1.10+. The cross remains well below fair value estimates implied b ...

New Zealand Current Account – GDP Ratio came in at -2.7%, above forecasts (-2.8%) in 4Q

New Zealand Current Account (QoQ) came in at $-2.335B, above forecasts ($-2.543B) in 4Q

Explosion and fire reported at Syncrude oil sands plant – RTRS

There was an explosion and fire at the Syncrude oil sands plant in northern Alberta on Tuesday, according to a contractor working on site who witnessed the incident, as reported by Reuters. More headlines (via Reuters) The contractor, who declined to be named because he is not authorized to spea ...

WTI leaps above $48 following the API stock data

After dropping to their lowest since November following the OPEC monthly report, crude oil prices quickly recovered amid a 531,000 bbls drop in the U.S. stocks. At the moment, WTI is gaining 0.21% at $48.50. API data According to the latest report published by the American Petroleu ...

U.S. crude oil stocks fell 531,000 bbls in the week to March 10 – API

According to the latest report published by the American Petroleum Institute on Tuesday, crude inventories fell by 531,000 barrels in the week to March 10 to 529.1 million, compared with analysts' expectations for an increase of 3.7 million barrels. Further details of the report showe ...

Wall Street tanks in tandem with oil prices

On Tuesday, U.S. stocks stayed under heavy pressure as the crude oil prices slipped to the lowest level since the OPEC deal in November. Additionally, airlines pulled the indices down as a blizzard hit the U.S., grounding thousands of flights. In a monthly report, OPEC said in 2017 ...

United States API Weekly Crude Oil Stock: -0.531M vs previous 11.6M

Forex today: stocks off a cliff ahead of FOMC

The US market was a mixed bag as the FOMC gets underway.  Stocks fell off a cliff with WTI dropping almost $2.00. The S&P 500 dropped from 2374 down to 2357 before making a partial recovery towards the close as investor jitters take a hold with the prospects of tighter money in a ...

Key events ahead: Dutch elections and FOMC – Westpac

Analysts at Westpac offered the key events for the next 24hrs. Key Quotes: "Euro Area: The Dutch election takes place with results made clear around Thursday 5-6 am Netherlands time. Opinion polls show a divided electorate meaning the government is likely to be made up of a coalition of aroun ...

GBP/USD posts lowest close since mid-January

The pound fell against the US dollar on Tuesday and erased Monday’s gains. GBP/USD is about to post the lowest close in almost two months as it trades around 1.2150. During the American session, the pound gained momentum and trimmed losses.  The pair bottomed at 1.2108, the lowest sinc ...