Crude posts mild gains in Asia despite bearish API estimates

Investing.com Crude prices posted mild gains in Asia on Wednesday after disappointing figures from industry on U.S. inventories, though the market is awaiting official data later in the day. On the New York Mercantile Exchange crude futures for July delivery rose 0.11% to $46.00 a barrel, while o ...

South Korea Unemployment Rate down to 3.6% in May from previous 4%

NZD/USD upside looking in jeopardy on 0.72 handle?

Currently, NZD/USD is trading at 0.7211, down -0.15% on the day, having posted a daily high at 0.7223 and low at 0.7207. NZD/USD was little changed around the recent data that had New Zealand's March quarter current account at USD 0.244bn vs the prior -2.415bn, revised from -2.335bn USD. Th ...

New Zealand Current Account (QoQ) below forecasts ($0.922B) in 1Q: Actual ($0.244B)

New Zealand Food Price Index (MoM) rose from previous -0.8% to 2.4% in May

New Zealand Current Account (QoQ) registered at $0.24B, below expectations ($0.922B) in 1Q

New Zealand Current Account – GDP Ratio came in at -3.1% below forecasts (-2.7%) in 1Q

Commodities in focus: mixed on dollar and politics – Nomura

Analysts at ANZ noted that commodities were mixed amid a backdrop of continuing political uncertainty and a weaker USD. Key Quotes: "Crude oil prices rose as the focus returned to a potential drawdown in US oil inventories. While Saudi Arabia has intimated that global inventories are falling ...

Implications of US PPI for PCE? – Nomura

Analysts at Nomura explained the implications of PPI Report for Core PCE Inflation. Key Quotes: "The relevant elements of the PPI report seem to contribute less to core PCE inflation in May than in April. The price index for scheduled passenger air transportation fell 4.1% m-o-m in May ...

Seasonal strength to support yen? – Nomura

Analysts at Nomura explained that the Japanese business conditions deteriorated slightly in Q2, according to the MoF’s survey but respondents expected a pick-up in activity in the second half of the year.  Key Quotes: "The JPY is slightly softer on the day but this is mainly i ...

EUR/CHF MACD opens the gates for further depreciation

A bearish MACD line cross below its median on a daily chart suggests that momentum is to the downside at the moment.Traders following this technical signal will now more confident that serious inroads to the EUR/CHF downside can be achieved. Potential and long-term sellers should find comfort i ...

Tumble in AUD/USD volatility

AUD/USD ATR(14) is at minimums across several time frames, from 30min to daily charts.Volatility shrunk to levels not seen in several weeks of trading independently from trend direction. This signal augurs poorly for short-term traders because they indicate less direction for trend following an ...

Key US data previews: Fed, retails sales, CPI – Nomura

Analysts at Nomura offered a preview of the forthcoming key US events. Key Quotes: "At this point it would be very surprising if the FOMC does not raise its target rate for the funds rate to 1-1.25%. The preponderance of Fed speakers in recent weeks has made no attempt to dissuade markets tha ...

Peru stocks higher at close of trade; S&P Lima General up 0.33%

Investing.com – Peru stocks were higher after the close on Tuesday, as gains in the S&P Lima Juniors, Banking&Financials and Telecoms sectors led shares higher. At the close in Lima, the S&P Lima General gained 0.33%. The best performers of the session on the S&P Lima General were ...

EUR/USD headed for another daily close around 1.12

Just as it did on Monday, the EUR/USD pair moved sideways within a tight 40-pip range on Tuesday as well, as investors chose to remain on the sidelines ahead of Wednesday's FOMC monetary policy decisions. As of writing, the pair is trading at 1.1210, up only 6 pips on the day. Forex today ...