What is correlating in FX? – Nomura

Analysts at Nomura offered the list of top 10 positive correlations that are now dominated by the relationship between JPY (crossed with EUR or USD) and various interest rate measures, including nominal swap rate differentials (2y, 5y, 10y) and the German and US 10y sovereign yield ...

When are the RBA minutes and how could they affect AUD/USD?

RBA Minutes Overview For Aussie traders, we have the RBA minutes of March's meeting. Of key interest for markets will be how the RBA have perceived the condition of the nation's housing and jobs market. There are concerns that the housing market is in a bubble and that there is still to ...

When is Trump’s speech and how could affect the USD?

US President Donald Trump is set to give a rally speech at Louisville shortly. Trump is expected to begin his speech at 23.30 GMT on Monday at Freedom Hall.  As it's the case whenever the controversial US President speaks, depending on the comments made, it may have a ...

Housing and wages to be key elements in today’s RBA minutes – ANZ

Analysts at ANZ explained the RBA minutes will be closed watched for the commentary around wage growth.  Key Quotes: "The RBA would have been surprised by both the step-down in growth in the private wage price index to a fresh low, as well as the 1% fall recorded in the GDP measure o ...

Metal prices: Gold pushed to a two-week high – ANZ

Analysts at ANZ offered a review of the metals. Key Quotes: "Base metals prices sold off heavily late in the trading day after supply side issues had supported prices earlier. Nine top zinc smelters in Chin have or are about to be suspended due to low treatment and refining charges as th ...

Key events from Australia today – Westpac

Analysts at Westpac picked put the key events from Australia today. Key Quotes: "Mar RBA meeting minutes are released. Key points of interest include their view around housing - given the slight change in the statement regarding supervisory measures and Bullock’s recent comments o ...

NZD/USD: target 0.7130 and 50% retracement of Feb/Mar decline – Westpac

Analysts at Westpac offered their outlook for NZD/USD. Key Quotes: "NZD/USD 1 day: The next upside target is 0.7130 (50% retracement of Feb/Mar decline). NZD/USD 1-3 month:  The Fed’s tightening cycle plus US fiscal expansion should maintain upside pressure on US interest rates an ...

Fed President Neel Kashkari criticizing the recent FOMC decision – Nomura

Analysts at Nomura offered a review of the Fed Speak overnight. Key Quotes: "During this morning’s round of interviews, Minneapolis Fed President Neel Kashkari reiterated points he made last week in a Medium post criticizing the recent FOMC decision to move forward with increases in th ...

Crude oil prices fell a touch overnight and here’s why – ANZ

Analysts at ANZ explained that crude oil prices fell a touch as concerns over rising output weighed on the sector.  Key Quotes: "Another strong jump in the rig count in the US saw WTI prices fall over 1%. Baker Hughes data showed US drillers added another 14 rigs to bring the total to 63 ...

NZD/USD: bulls up a leg and now eye 0.7098

Currently, NZD/USD is trading at 0.7055, up 0.01% on the day, having posted a daily high at 0.7058 and low at 0.7052. NZD/USD depends on the greenback and the market's appetite to continue selling in the absence of any further catalysts. The FOMC has been digested and thus the markets ar ...

New Zealand Visitor Arrivals (YoY) down to 1.8% in February from previous 11%

OpinionWay to publish a poll following the French election debate

The five-frontrunners of the French presidential election, which will take place on April 23, Marine Le Pen of the far-right Front National, independent centrist Emmanuel Macron, François Fillon of the centre-right Les Républicains, the Socialist party’s Benoît Hamo ...

Forex today: markets looking for a catlyst but still suffering FOMC hangover

The forex space today was on the hunt for a fresh catalyst as traders spring back from the FOMC hangover although found themselves in a wide open space void of anything that could shake up the status quo.  The dollar continues on the backfoot, albeit able to rise around 0.1% on the US sessio ...

Le Pen: France should be free to defend its interests

French presidential candidates are going head to head in their first television debate. Key Quotes (via Bloomberg) Le Pen: France should be free to defend its interests, not the interests of the banks or other EU capitals Le Pen: France needs to be free to defend itself against Islami ...

Wall Street mixed amid lack of drivers

Major US equity indices painted a mixed picture on Monday amid a lack of fresh fundamental drivers. Furthermore, the US Dollar Index – which tracks the buck vs. its main rivals – remains in a tight range above the critical 100 psychological level, reflecting the genera ...