Equities full of optimism – ANZ

Analysts at ANZ explained, that as the saying goes, it’s tough to keep a good thing down. Key Quotes: "Namely US equities which continue to anticipate a more regulatory friendly environment and increased fiscal spending to drive higher earning’s growth. Time will tell with a lot o ...

NZD/USD: bird resilient on 0.70 handle to dollar’s come back attempts

Currently, NZD/USD is trading at 0.7047, up 0.04% on the day, having posted a daily high at 0.7051 and low at 0.7043. NZD/USD has been consolidating the recent action in the greenback on the back of the healthcare bill failings by the GOP. There was some renewed optimism that markets jumped o ...

Federal Reserve Kaplan is hitting the wires: U.S. GDP will be 2.25pct

Federal Reserve Kaplan is hitting the wires. Quotes so far as per Retuters as follows: Kaplan repeats his view that the U.S. GDP Growth this year will be 2.25PCT, still good enough to take slack from labor market. Kaplan says optimism among businesses, prospects of regulatory reforms coul ...

Market overview: US tax cuts on the cards? – ANZ

Analysts at ANZ offered a snapshot of the markets. Key Quotes: "Markets reacted as you would have expected them to in the aftermath of last week’s decision by Donald Trump to pull proposed reforms and repeal of Obamacare. The dollar weakened, fixed income rallied (yields fell) and stock ...

Fed’s Kaplan at Texas A&M University – Live Speech

The Federal Reserve Bank of Dallas' President Robert Kaplan is expected to participate in a panel discussion called "A Discussion of Economic Conditions and the Role of Monetary Policy," at Texas A&M University in College Station, Texas, due at 22:30 GMT. Who is Robert Kaplan ...

US data coming up – Nomura

Analysts at Nomura offered a preview of the forthcoming US data. Key Quotes: "Advance goods trade balance: The goods trade balance was -$68.8bn in January, a wider deficit than in December, driven by soft goods exports and a steady increase in imports. In February, container data at port ...

AUD/USD: risk towards 0.7800 on the cards?

Currently, AUD/USD is trading at 0.7613, down -0.05% on the day, having posted a daily high at 0.7620 and low at 0.7613. AUD/USD has been consolidated within a 40 pip range and has remained robust vs the dollar's attempts of a comeback overnight. In the absence of a catalyst, the marke ...

Peru stocks lower at close of trade; S&P Lima General down 0.33%

Investing.com – Peru stocks were lower after the close on Monday, as losses in the Mining, Food&Beverages and Banking&Financials sectors led shares lower. At the close in Lima, the S&P Lima General fell 0.33%. The best performers of the session on the S&P Lima General were Panoro ...

Wall Street drops amid raising concerns over Trump’s agenda

Major US equity indices finished the first trading day of the week with losses as the investors are questioning Trump administration's ability to push on top agenda items such as the tax reform and the increased infrastructure spending. Trump's pledged tax reform, which is considered t ...

Dow slides for 8th day as 'Trump trade' takes a breather

Investing.com – U.S. stocks closed mostly lower on Monday, as investors mulled over President Trump’s ability to push through key proposals, which include tax reform, after the healthcare bill was dropped on Friday. In what was quiet day on the economic calendar, the U.S. House of ...

Brazil stocks higher at close of trade; Bovespa up 0.71%

Investing.com – Brazil stocks were higher after the close on Monday, as gains in the Basic Materials, Industrials and Consumption sectors led shares higher. At the close in Sao Paulo, the Bovespa gained 0.71%. The best performers of the session on the Bovespa were Usinas Siderurgicas de Minas ...

Forex today: dollar fights back, Wall Street buying GOP’s tax reforms noise

The week has started out with the dollar on the back foot, trying not to go down without a fight though. The markets have continued to react to the failed healthcare bill on Friday that had the dollar, interest rates and stocks all in decline. However, there was some resilience on Wall Street toda ...

GBP/USD retreats toward 1.2550

Cable is about to post the highest daily close since early February. The pair peaked at 1.2614 and then pulled back. Despite gaining more than 70 pips, it ended on a weak note, far from the highs and rejected from above 1.2600.  A decline of the US dollar, particularity against Europea ...