Aussie economy: RBA will not hike until mid-2019? – NAB

Analysts at NAB offered a snapshot of the economic picture in Australia. Key Quotes: "While Q1 2017 marked 26 years of growth in Australia without a technical recession, the pace slowed to 1.7% y/y, the lowest rate since 2009 and a continuation of the subpar growth trend since 2009. Ou ...

AUD/USD price action subdued, unable to get back above water (0.7600)

Currently, AUD/USD is trading at 0.7583, up 0.06% on the day, having posted a daily high at 0.7589 and low at 0.7576. AUD/USD is struggling on the bid considering a resurgence in the dollar as markets digest the FOMC and take it as a hawkish outcome, supporting yields and DXY overnight.  ...

Aussie jobs reviewed: hours picking up, positive for economy – Westpac

Analysts at Westpac noted the jobs data yesterday and offered a review. Key Quotes: "Total employment rose 42.0k compared the market’s forecast for 10k. In the month unemployment fell 0.1ppt to 5.5% as the participation rate nudged up 0.1ppt with a solid rise in the labour force limitin ...

NZD/USD: tough resistance back at 0.7220?

Currently, NZD/USD is trading at 0.7209, up 0.02% on the day, having posted a daily high at 0.7215 and low at 0.7202. NZD/USD is finding traction on the 0.72 handle, albeit at the low end of it having struggled to get above water overnight in the face of a stronger dollar and a hawkish outcome o ...

Key US data and GDP tracking update unchanged – Nomura

Analysts at Nomura offered a review of the key US data and updated their GDP tracking update. Key Quotes: "Initial jobless claims:  For the week ending 10 June, initial jobless claims fell 8k to 237k. However the 4-week moving average remained relatively unchanged at 243k (242k one wee ...

Fed sleepwalking into a nightmare policy error? – ANZ

Analysts at ANZ explained that thetTalk of the Fed sleepwalking into a dreaded policy error looks to be picking up.  Key Quotes: "We like the overall design of the Fed’s balance sheet trim-plan and the gradualist approach taken till now." "But the Fed has been at pains t ...

New Zealand Business NZ PMI increased to 58.5 in June from previous 56.8

NZD GDP reviewed: RBNZ a long way off from hiking – Westpac

Analysts at Westpac reviewed the NZ GDP that rose by 0.5% in the March quarter, the second quarter in a row of subdued growth. Key Quotes: "The main contributors were a rebound in dairy production and strong gains in consumer spending and business investment. Construction and transpor ...

Peru stocks lower at close of trade; S&P Lima General down 1.40%

Investing.com – Peru stocks were lower after the close on Thursday, as losses in the Mining, Industrials and Non-Metal Minerals sectors led shares lower. At the close in Lima, the S&P Lima General fell 1.40%. The best performers of the session on the S&P Lima General were Sider (LM:SID), ...

Snap has its 'crackle moment' as shares sink to IPO price

Investing.com – Shares of Snap Inc (NYSE:SNAP) tumbled on Thursday, closing at its IPO price, as investors continued to doubt the near-term financial prospect of the social media company amid concerns about slowing user growth and revenue as competition intensifies. Snap, the parent compan ...

United States Total Net TIC Flows: $65.8B (April) vs $-0.7B

USD/JPY moves sideways near 2-week highs ahead of BoJ

After rising 150 pips on the day, the USD/JPY pair turned positive on the week ahead of the BoJ's interest rate decision and the monetary policy statement later in the Asian session. As of writing, the pair is trading at 110.92, up 1.2% on the day. Today's rise in the pair was fuele ...

United States Net Long-Term TIC Flows below forecasts ($37.3B) in April: Actual ($1.8B)

Yen weaker in early Asia with Bank of Japan Ahead

Investing.com - The yen traded weaker on Friday in early Asia as the Bank of Japan gets set to release it latest policy views. USD/JPY changed hands at 110.92, up 1.21%, while AUD/USD was quoted at 0.7582, down 0.09%. The U.S. dollar index, which measures the greenback’s strength against a ...

Greek FinMin: There is now ‘light at the end of the tunnel’

Following the decision by euro zone finance ministers to disburse additional bailout cash, Greek Finance Minister Euclid Tsakalotos gave his remarks, via Reuters, with the key quotes found below: Eurogroup decision provides much greater clarity for Greek people and financial markets Can no ...