AUD/USD bulls target 0.7520 and onto 0.7600?

Currently, AUD/USD is trading at 0.7498, down -0.07% on the day, having posted a daily high at 0.7509 and low at 0.7498. AUD/USD is resting on the 0.75 handle after a 50 pip rally post the FOMC minutes overnight. The DXY was down as were US 10-yields when the Fed used the ter ...

Japan Foreign investment in Japan stocks dipped from previous ¥372.2B to ¥-26.4B in May 19

FOMC: future balance-sheet policy discussed – Nomura

Analysts at Nomura offered a review of the FOMC minutes. Key Quotes: "FOMC minutes: In the minutes prepared for the 2-3 May FOMC meeting, the committee reinforced our view that the FOMC will raise short-term interest rates in June if the economy continues to perform in line with th ...

NZD/USD: awaits the budget announced at 0200GMT

Currently, NZD/USD is trading at 0.7045, down -0.08% on the day, having posted a daily high at 0.7052 and low at 0.7043. Forex today: FOMC no surprises in minutes, DXY and 10-y US yields lower, stocks higher NZD/USD is steady in early subdued Asia post the FOMC minutes and subsequent weakness i ...

Central Bank watch: ECB, FED and CAD – ANZ

Analysts at ANZ offered a breakdown of the various Central Banks from overnight.  Key Quotes: "The Fed: “Most participants judged that if economic information came in about in line with their expectations, it would soon be appropriate for the Committee to take another step i ...

EUR/USD preserves daily gains above 1.12 after FOMC minutes

After an unsuccessful attempt to break above the 1.12 handle at the beginning of the NA session, the EUR/USD pair gathered momentum and rose to 1.1220 following the release of the FOMC meeting minutes. As of writing, the pair is trading at 1.1218, holding on to its daily gains. The genera ...

Peru stocks lower at close of trade; S&P Lima General down 0.76%

Investing.com – Peru stocks were lower after the close on Wednesday, as losses in the S&P Lima Juniors, Services and Electricity sectors led shares lower. At the close in Lima, the S&P Lima General fell 0.76%. The best performers of the session on the S&P Lima General were Aceros ...

Wall Street built on recent gains and closed higher on Wednesday

After starting the day higher, the major equity indexes in the U.S. were able to hold on to their gains after the May 2-3 FOMC meeting minutes showed that the policymakers are likely to stay on hold on rate hikes as they need to make sure that the recent U.S. economic slowdown i ...

Mexico stocks higher at close of trade; IPC up 0.92%

Investing.com – Mexico stocks were higher after the close on Wednesday, as gains in the Telecoms Services, Consumer Staples and Financial Services sectors led shares higher. At the close in Mexico, the IPC rose 0.92%. The best performers of the session on the IPC were Grupo LALA SA de CV ...

Bitcoin at new record highs above $2400

Bitcoin on Wednesday rose nearly 10%, reaching a new all-time high at $2,483.33. As of writing, Bitcoin was trading at $2,456.  A recent announcement by the Digital Currency Group, increased the demand for the Bitcoin, bringing the total earnings in the last four day to more than $400 ...

USD/CHF remains near session lows as greenback struggles to recover

Following the FOMC meeting minutes, the USD/CHF pair quickly fell to a new session low at 0.9736. After the initial reaction, the pair corrected towards the mid 0.97s but came back under pressure again as the greenback continues to struggle to recover its losses against its competitors. As o ...

US debt limit next major risk factor? – Nomura

The debt limit The Bipartisan Budget Act of 2015 suspended the statutory debt limit up through 15 March, 2017.  Key Quotes: "Starting 16 March, the Treasury Department has been taking “extraordinary measures,” such as suspending investments or temporarily disinvestin ...