Japan Corporate Service Price (YoY) remains unchanged at 0.7% in April

AUD/USD: headed to 0.7630? – BBH

Analysts at Brown Brothers Harriman noted that the Australian dollar snapped a four-day slide ahead of the weekend.  Key Quotes: "It now looks poised to have a running start at the $0.7630 area that blocked it earlier this month." "Speculative positioning is neutral, but th ...

NZD/USD: can the bird’s advance continue and target 2017 highs?

NZD/USD is currently trading at 0.7283 with a high of 0.7285 and low of 0.7276. NZD/USD is consolidating in a quiet start to the week. There is a lot of focus is on the bird at the moment considering its recent performance and relentless advance. Against the US dollar, the bird is just shy of ...

OCR to stay on hold for some time – Westpac

Analysts at Westpac explained that this week’s Official Cash Rate review from the Reserve Bank didn’t deliver any surprises.  Key Quotes: "As expected, the RBNZ keep the OCR on hold at the current record low of 1.75%. In addition, the bottom line of the press release wa ...

Market wrap: treading water, dollar gives back – ANZ

Analysts at ANZ explained that Markets were relatively quiet on Friday with equities generally treading water, yields little changed, and the US dollar giving back some recent gains.  Key Quotes: "European and US data had minimal market impact, with most moves in the market mild." ...

The week ahead: United States – Nomura

Analysts at Nomura explained that for the week ahead in the US, the relevant elements of the May PPI and CPI inflation reports point to subdued core PCE inflation in May.  Key Quotes: "Durable goods orders (Monday): We expect a 0.1% m-o-m decline in total durable goods orders in Ma ...

The week ahead: Japan – Nomura

Analysts at Nomura explained that for the week ahead, they forecast May all-Japan core CPI inflation to come in at 0.5% y-o-y as the rise in import costs stemming from JPY depreciation through end-2016 starts to have an impact. Key Quotes: "May all-Japan CPI (Friday): We forecast May all-Japa ...

EUR/USD: awaiting June CPI as next catalyst – BBH

Analysts at Brown Brothers Harriman explained that the euro was confined to a narrow trading ranges last week and finished little changed against the dollar.   Key Quotes: "Since the middle of May, the euro has traded in an $1.11-$1.13 trading range.  After starting the week in Asi ...

The week ahead: Europe – Nomura

Nomura's The week ahead for Europe... Key Quotes: "German Ifo (Monday): We expect the German Ifo business climate index to increase to 115.2 in June from 114.6 in May. We forecast both the current situation and expectations indices to pick up to 106.8 (from 106.5) and 124.2 (from 123.2 ...

US dollar edges higher but lacks conviction – BBH

Analysts at Westpac explained that the US dollar edged higher against most of the major currencies over the past week.  Key Quotes: "However, the fundamental backing is still not solid, and it makes as wary of these upticks, even though we think a bottom is being carved. Specifically ...

Israel stocks higher at close of trade; TA 35 up 0.27%

Investing.com – Israel stocks were higher after the close on Sunday, as gains in the Biomed, Technology and Insurance sectors led shares higher. At the close in Tel Aviv, the TA 35 gained 0.27% to hit a new 3-months high. The best performers of the session on the TA 35 were Teva Pharmaceutical ...

Gold / Silver / Copper futures – weekly outlook: June 26 – 30

Investing.com - Gold prices rose to one-week highs on Friday, boosted by the weaker dollar which fell amid persistent fears over prospects for further U.S. interest rate hikes this year. Gold for August delivery closed up 0.71% at $1,258.31 on the Comex division of the New York Mercantile Exchange ...

Weekly outlook: June 26 – 30

Investing.com - The dollar fell against a basket of the other major currencies on Friday, posting its largest one day decline in three weeks on the back of lingering fears over prospects for further interest rate hikes this year amid a slowdown in inflation. The U.S. dollar index, which measure ...

Crude Oil Futures – Weekly Outlook: June 26 – 30

Investing.com - Oil futures settled a bit higher on Friday, but prices still suffered their fifth straight weekly loss as the market weighed rising U.S. drilling against ongoing efforts by major producers to cut output to reduce a global glut. The U.S. West Texas Intermediate crude August contrac ...

The Week Ahead: 5 Things to Watch on the Economic Calendar

Investing.com - Global financial markets will likely turn their attention to the European Central Bank's "Forum on Central Banking" in Portugal in the week ahead, with a panel discussion including the heads of the European, British, Japanese and Canadian central banks in the spotlight. In addition ...