Japan Merchandise Trade Balance Total increased to ¥813.4B in February from previous ¥-1086.9B

Japan Imports (YoY): 1.2% (February) vs previous 8.5%

Japan Exports (YoY) up to 11.3% in February from previous 1.3%

Japan’s trade balance 0.68T vs. 0.55T forecast

Japan’ trade balance rose more-than-expected last month, official data showed on Tuesday. In a report, the Ministry of Finance said that the country’s trade balance rose to a seasonally adjusted 0.68T, from 0.20T in the preceding month whose figure was revised up from 0.16T. Analysts had expected t ...

Key outcomes of Global data and looking ahead – ANZ

Analysts at ANZ explained the economic data outcomes of overnight. Key Quotes: "Although wider for the entire year of 2016, the US current account deficit narrowed to USD112.4bn in Q4. The market was expecting the one-off soybean exports over Q3 would wash out of the data, driving a wide ...

Australia Westpac Leading Index (MoM) dipped from previous 0% to -0.1%

USD/JPY breaking further to the downside, testing 111.50

Currently, USD/JPY is trading at 111.48, down -0.21% on the day, having posted a daily high at 111.83 and low at 111.43. USD/JPY is making fresh lows and testing the bull's commitments in early Asian trade at the mid-point of the 111 handle, dragging EUR/JPY with it as previously suggested i ...

AUD/USD: bears keep chipping away looking to break 0.7680 low

Currently, AUD/USD is trading at 0.7683, down -0.10% on the day, having posted a daily high at 0.7692 and low at 0.7683. Forex today: risk-off puts yen on top below 112 handle vs dollar AUD fell from 0.7750 to 0.7696 overnight with the stock market dropping creating a risk-off environmen ...

Fed’s Mester: supported a March hike and sees more than one hike each year.

Fed's Mester has stated that inflation will return to symmetric target of 2% over the next year or so. She added that she supported a March hike and sees more than one hike each year. Other key points so far: Underlying Fundamentals of Economy Are 'Strong'. Stable Labor Forc ...

Preview of US existing home sales – Nomura

Analysts at Nomura offered a preview of the next key US data. Key Quotes: "Existing home sales increased 3.3% m-o-m to an annualized 5690k in January, despite continued low supply of previously owned homes. The months’ supply indicator was at 3.6-month supply i ...

Peru stocks lower at close of trade; S&P Lima General down 0.53%

Investing.com – Peru stocks were lower after the close on Tuesday, as losses in the S&P Lima Juniors, Banking&Financials and Food&Beverages sectors led shares lower. At the close in Lima, the S&P Lima General declined 0.53%. The best performers of the session on the S&P Lima ...

Wall Street suffers the worst one-day decline of 2017

The long-anticipated correction since the record-setting performance following the Trump's election victory finally seems to have arrived as major US equity indices suffer the biggest daily drop since mid-October. Investors remain on edge before Thursday's crucial health care vote a ...

United States API Weekly Crude Oil Stock up to 4.5M from previous -0.531M

Forex today: risk-off puts yen on top below 112 handle vs dollar

The FX space was dominated by a heavy risk-off tone and the usual suspects playing out their role such as AUD/JPY.  The recent dovish Fed hike and Yellen's presser failed to instil confidence in investor's and global markets who have since sold out of the dollar. The Fed fund future ...

U.S. crude oil stocks rise 4.5 mln bbls – API – RTRS

U.S. crude stocks rose last week, while gasoline and distillate inventories drew, according to the weekly report published by the American Petroleum Institute on Tuesday, as reported by Reuters. Further details Crude inventories rose by 4.5 million barrels in the week to March 17 to 533. ...