Aussie steady in early Asia with RBA rates ahead

Investing.com - The Aussie held steady in Asia on Tuesday a few ticks above 0.80 to the dollar ahead of a central bank rate review. Ahead, the Caixin manufacturing PMI for July is due with an expected reading of 50.4. On Monday. the CFLP manufacturing PMI reached 51.4, a trade below expected, bu ...

NZD/USD: mixed outlook in the short term from here

Currently, NZD/USD is trading at 0.7505, down -0.13% on the day, having posted a daily high at 0.7516 and low at 0.7504. The antipodeans are dubiously high and analysts are beginning to call for lower levels. Analysts at Westpac suggested that the bird is vulnerable to correcting further toward ...

Australia AiG Performance of Mfg Index rose from previous 55 to 56 in June

South Korea Consumer Price Index Growth declined to 0.2% in July from previous 1.4%

Key US data on the cards tonight – Nomura

Analysts at Nomura offered a preview of the key US data on the cards in the US session today. Key Quotes: PCE deflator: Note that the BEA revised PCE inflation data for the recent three years along with annual revisions to GDP on 28 July. However, the revised monthly profile of PCE inflation ha ...

When is the RBA and how could it affect AUD/USD?

RBA interest rate decision review While all expect the RBA to stay on hold at 1.5%, this meeting, due at 04:30GMT, will be of particular interest given the strength of the Aussie and recent coalescing between the Fed and other key Central Banks.  "The RBA is expressing no sense of urgenc ...

South Korea Consumer Price Index Growth (YoY) climbed from previous 1.9% to 2.2% in July

EUR/USD supported by green shoots in the EZ – ANZ

Analysts at ANZ noted that the EZ was showing signs of green shoots, propelling EUR/USD higher. Key Quotes: "Maybe, and it is early days, but FX markets were buoyed by European July core inflation rising from 1.1% to 1.2% y/y, which helped send EUR soaring (mind you, the weaker USD also playe ...

AUD/NZD’s outlook for day ahead and medium term – Westpac

Analysts at Westpac's outlook for the antipodean cross and rates for today and over the medium term. Key Quotes: "AUD/NZD 1 day: Continuing to consolidate between 1.0600 and 1.0700. AUD/NZD 1-3 month: Higher towards 1.09. The cross remains below fair value estimates implied by interes ...

US dollar continues to slide into month end – ANZ

Analysts at ANZ explained that the US dollar’s downtrend extended during the London afternoon as sentiment towards the USD continued to deteriorate at month end.  Key Quotes: "US data releases were decent, but the focus remains on the current weak patch in US inflation, messy U ...

EUR/USD overextended but making higher highs

EUR/USD has been building up a bearish case of late, and traders may be looking to take some profit off the table.On a 4-hour chart, the 50-period is well distanced above the 200-period SMA and the Relative Strength Index has been, on average, above the 50% mark over the last three weeks. Th ...

Is EUR/CHF constructive or overshooting?

EUR/CHF has become a runaway market, characterised by historic highs in the daily MACD (12, 26, 9). Equally significant in EUR/CHF’s bullish makeup is the distance between the MACD and its signal line, which has reached a width not seen in the last six months. Yesterday's higher reading though, is ...

US data reviewed – Nomura

Analysts at Nomura offered a review of the US data performance from overnight. Key Quotes: "Chicago PMI: The Chicago PMI decreased by 6.8pp in July to 58.9, slightly below consensus (Nomura & Consensus: 60.0) and the first decrease in six months. However, businesses overall appear upbea ...

EUR/USD: too much too soon? Fading the upside in early Asia

Currently, EUR/USD is trading at 1.1837, down -0.03% on the day, having posted a daily high at 1.1845 and low at 1.1837. EUR/USD is finding some pressure in the early hours of Asian trade having made a fresh YTD high o/n on month-end fixing that sent the greenback off a cliff. The euro is in favou ...

The Day Ahead: Top 3 things to watch

Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow Reserve Bank of Australia to leave rates unchanged? It’s widely expected that the Reserve Bank of Australia (RBA) will stand pat on interest rates, keeping its benchmark rate steady at 1.50%, as the central bank se ...