EUR/JPY: recovers back on to the 120 handle but lacks legs

Currently, EUR/JPY is trading at 120.14, up 0.10% on the day, having posted a daily high at 120.21 and low at 119.99. Forex today: UK terror attack, RBNZ on hold, markets pile into safe-haven Yen EUR/JPY is consolidating the minor recovery on the 120 handle after a yen frenzy overnight has th ...

Oil prices fall to $40 over the next 6 months? – Nomura

Analysts at Nomura offered a potential scenario for the price of oil. Key Quotes: "Oil prices fall to $40 over the next 6 months?" "This oil price scenario is possible if OPEC fails to extend its production cutbacks, and global growth momentum falters while global oil inventorie ...

Trumpflation cracks: commoditiy bloc sensitive to US equities – Nomura

Analysts at Nomura explained that the benign risk environment has been shaken by US political and fiscal uncertainty.  Key Quotes: "While the decline in global equities has been minor in a historical context, it illustrates the vulnerability to a potential re-evaluation of th ...

RBNZ reviewed: see higher likelihood of a hike – ANZ

Analysts at RBNZ explained that, as expected, the RBNZ maintained a clear neutral tone at its OCR Review today, holding the OCR at 1.75%.  Key Quotes and main points: "The statement was broadly unchanged from the one delivered in February. Where changes were made (in response to som ...

AUD/USD: eyes 0.77 handle, but bearish longer term?

Currently, AUD/USD is trading at 0.7681, down -0.12% on the day, having posted a daily high at 0.7692 and low at 0.7639. Forex today: UK terror attack, RBNZ on hold, markets pile into safe-haven Yen AUD/USD was a buy on dips overnight falling lower to 0.7639 and then picking up demand as a weake ...

AUD/NZD: Feb-Mar rally is unfolding – Westpac

Analysts at Westpac offered their outlook for AUD/NZD and antipodean rates. Key Quotes: "AUD/NZD 1 day: A correction of the Feb-Mar rally is unfolding, the next downside target below 1.0855 being 1.0760 (50% retracement). AUD/NZD 1-3 month: Higher to 1.10+. The cross remains well belo ...

Peru stocks lower at close of trade; S&P Lima General down 0.32%

Investing.com – Peru stocks were lower after the close on Wednesday, as losses in the Mining, S&P Lima Juniors and Electricity sectors led shares lower. At the close in Lima, the S&P Lima General lost 0.32%. The best performers of the session on the S&P Lima General were Minera Irl ...

Reserve Bank of New Zealand holds steady at 1.75%

Investing.com - The Reserve Bank of New Zealand held steady as expected on Thursday at a record low 1.75%, citing uncertainties to its outlook. For the full-text statement, see: Official Cash Rate unchanged at 1.75 percentRelease date23 March 2017Statement by Reserve Bank Governor Graeme Wheeler ...

Canadian Budget: Debt to GDP raito to rise to 31.6% – LiveSquawk

The Canadian government just released its 2017 budget plan titled 'Budget 2017—Building a Strong Middle Class'. Key highlights (via LiveSquawk) Deficit of C$28.5 bln in 2017/18, C$27.4 bln in 2018/19, C$23.4 bln in 2019/20, C$21.7 bln in 2020/21 Debt to GDP ratio rises to 31.6 ...

Wall Street mixed ahead of HoR vote

Although major US equity indices had a weak start to the day following yesterday's major drop, they were able to erase their losses as the investors are getting ready for tomorrow's important House of Representatives vote on passing the legislation to dismantle Obamacare. I ...

RBNZ: quick thoughts on RBNZ event – Westpac

Analysts at Westpac offered their thoughts on the RBNZ. Key Quotes: "The RBNZ’s OCR Review this morning kept the OCR on hold at 1.75%, retained a neutral bias, and repeated the message that the OCR is likely to remain on hold for a long time. All of this was widely expected. Accordingly ...

NZD/USD: mixed price action around on hold RBNZ jawboning the bird

Currently, NZD/USD is trading at 0.7068, up 0.37% on the day, having posted a daily high at 0.7075 and low at 0.7016. Statement by RBNZ's Wheeler following the OCR decision NZD/USD moved back to pre-announcement levels after an initial offer in the Bird considering the language around the bir ...

U.S. stocks close mixed: Dow down for fifth straight session

Investing.com – U.S. stocks closed mixed on Wednesday, after a major sell-off during the previous session, as investors mulled over the upcoming healthcare vote while weaker than expected economic data dampened sentiment. The Dow Jones Industrial Average closed 0.03% lower at 20,662. Th ...