Crude edges higher in Asia on output cut views, U.S. rig count eyed

Investing.com - Crude gained in Asia on Friday with remarks by the Saudi energy minister in focus as well as weekly rig count data for the U.S. later in the day. On the New York Mercantile Exchange, West Texas Intermediate (WTI) crude for April edged up 0.08% to $48.79 a barrel, while on London' ...

EUR/JPY: bulls with eyes on 2015-2017 downtrend at 122.60

Currently, EUR/JPY is trading at 122.04, up 0.03% on the day, having posted a daily high at 122.20 and low at 121.93. EUR/JPY is better-bid still having broken onto the 122 handle with a renewed optimism for the EZ economy and a less dovish ECB of late. The yen on the other hand, received a bearis ...

AUD/USD: neutral at 0.7660/80 consolidating Aussie jobs/FOMC

Currently, AUD/USD is trading at 0.7677, down 0.00% on the day, having posted a daily high at 0.7685 and low at 0.7674. The US dollar index is little changed overnight but remains soft and in the hands of the bears. The correction is evident and the 100.00 mark in the DXY is next hurdle to th ...

Mexico stocks higher at close of trade; IPC up 1.23%

Investing.com – Mexico stocks were higher after the close on Thursday, as gains in the Telecoms Services, Financial Services and Consumer Staples sectors led shares higher. At the close in Mexico, the IPC added 1.23% to hit a new 1-month high. The best performers of the session on the IPC were El ...

US GDP Q1 update – Nomura

Analysts at Nomura offered their Q1 GDP tracking update. Key Quotes: "Stronger-than-expected single family starts in February and an upward revision to January suggest slightly stronger residential investment in Q1." "Although multifamily housing starts showed some weakness, ...

NZD/USD stablising at 0.6980 on better NZ data and soft greenback

Currently, NZD/USD is trading at 0.6986, down 0.00% on the day, having posted a daily high at 0.6990 and low at 0.6978. Forex today: FOMC hangover session, dollar consolidates losses NZD/USD was a poor performer dropping from 0.7030 to 0.6972 overnight but has stabilised a little in and has move ...

New Zealand Business NZ PMI climbed from previous 51.6 to 55.2 in March

Wall Street closes in the red weighed by health care

Major US equity indices closed the day with losses with the exception of Nasdaq, which was buoyed by Apple as its stock set a new record at $141.02. S&P 500 Health Care (Sector) slipped 1% as Trump's first budget outline, signaling towards a security-heavy readjustment o ...

The upside risks to inflation have increased – BoE’s Forbes

In my assessment, it is now time to recalibrate the degree of monetary policy support for the economy, said Kristin Forbes, member of the Bank of England’s Monetary Policy Committee, in an exclusive interview to the Telegraph. Key quotes Monetary policy will continue to be set to kee ...

Forex today: FOMC hangover session, dollar consolidates losses

The FOMC was a surprise to dollar bulls and today's sessions have been in a consolidation of the recent sell-off and subsequent drop in treasury yields while other Central Banks took up the focus. The BoJ, SNB and Norges Bank were a non-event and as widely expected held steady with no dramas ...

U.S. stocks close lower: Nasdaq ekes out a win

Investing.com – U.S. equities closed mostly lower on Thursday, as gains in Financials were offset by losses in health care, after President Trump’s budget blueprint proposed budget cuts to the National Institutes of Health (NIH). Healthcare stocks nosedived, as President Trump’s budget bl ...

Colombia stocks higher at close of trade; COLCAP up 0.70%

Investing.com – Colombia stocks were higher after the close on Thursday, as gains in the Investment, Financials and Industrials sectors led shares higher. At the close in Colombia, the COLCAP gained 0.70%. The best performers of the session on the COLCAP were Grupo Nutresa SA (CN:NCH), which rose ...

EUR/JPY rises toward 122.00 on the back of a stronger euro

The euro gained momentum late during the American session on the back of comments from ECB’s Nowotny. He spoke about rate hikes and boosted the euro in the market.  The ECB could also raise the deposit rate earlier than the prime rate - Nowotny EUR/JPY earlier today dropped to 121.10 ...