USD/JPY: risks of further extensions to the downside

Currently, USD/JPY is trading at 109.30, down -0.26% on the day, having posted a daily high at 109.70 and low at 109.28. USD/JPY is seeing some early downside today on the back of the Trump news. Yen crosses are picking up safe haven demand in thin trade after a turbulent day overnight wit US dat ...

NZD/USD: bulls still in charge above 0.7220 despite GDP miss

Currently, NZD/USD is trading at 0.7252, down -0.23% on the day, having posted a daily high at 0.7273 and low at 0.7237. A dovish hike? - ANZ NZD/USD has dropped on the back of the March quarter economic growth data that came in from New Zealand at 0.5% q/q vs the expected 0.7% q/q and prior 0.4% ...

Kiwi weaker after Q1 GDP weaker than seen, Australia jobs eyed

Investing.com - The kiwi fell in Asia on Thursday after weaker than expected first quarter GDP and after the Federal Reserve laid out its forecasts for rates and trimming its balance sheet and investors looked ahead to regional data on Australian jobs. The U.S. dollar index, which measures th ...

New Zealand Gross Domestic Product (YoY) came in at 2.5% below forecasts (2.7%) in 1Q

New Zealand Gross Domestic Product (QoQ) registered at 0.5%, below expectations (0.7%) in 1Q

New Zealand’s GDP 0.5% vs. 0.7% forecast

New Zealand’s gross domestic product rose less-than-expected in the last quarter, official data showed on Wednesday.In a report, Statistics New Zealand said that New Zealand’s GDP rose to a seasonally adjusted 0.5%, from 0.4% in the preceding quarter.Analysts had expected New Zealand’s GDP to rise 0 ...

A dovish hike? – ANZ

Analysts at ANZ explained that the Market took the FOMC statement as dovish, to begin with.  Key Quotes: "That’s certainly how the market took the FOMC statement as soon as it was issued, with a slightly softer characterisation of the state of the economy and details of the balanc ...

US CPI: how will core PCE be affected? – Nomura

Analysts at Nomura offer a review of the CPI data that rocked the dollar overnight. Key Quotes: "Headline CPI fell 0.128% m-o-m in May, a little weaker than expectations (Consensus: 0.0%, Nomura: -0.052%). The y-o-y headline CPI inflation slowed to 1.9% from 2.2% previously. Among non-cor ...

FOMC round-up: markets are now hyper sensitive to inflation data – Westpac

Analysts at Westpac offered a round up of the FOMC. Key Quotes: Summary The Fed raised rates by +25bp but the details are arguably on the hawkish side of a last minute recalibration of expectations - the dot plot median unchanged with 3 hikes this year and next, GDP growth expectations nudge ...

Peru stocks higher at close of trade; S&P Lima General up 0.19%

Investing.com – Peru stocks were higher after the close on Wednesday, as gains in the Banking&Financials, Non-Metal Minerals and Services sectors led shares higher. At the close in Lima, the S&P Lima General added 0.19%. The best performers of the session on the S&P Lima General were ...

Forex today: dollar gets a boost from a bullish/hawkish Yellen

Forex today was dominated by the US CPI data and the FOMC outcome while Yellen continued to cuation markets not to be concerned about temporary price pressures The DXY and yields got a kicking on the back of the surprise miss in CPI and retail sales data. However, the FOMC statement an ...

Wall Street closes mixed following volatile session

In a volatile session on Wednesday, Wall Street painted a mixed picture at the end of the day as the Dow Jones Industrial Average recorded gains while the S&P 500 remained near its opening level and the Nasdaq Composite dropped. Following a two-day meeting, the Federal Reserve decided to lif ...

Brazil stocks higher at close of trade; Bovespa up 0.15%

Investing.com – Brazil stocks were higher after the close on Wednesday, as gains in the Financials, Real Estate and Public Utilities sectors led shares higher. At the close in Sao Paulo, the Bovespa gained 0.15%. The best performers of the session on the Bovespa were Bradespar SA (SA:BRAP4), which ...