NZD/USD: meeting trend line resistance and failing below 0.73 handle

Currently, NZD/USD is trading at 0.7285, down -0.07% on the day, having posted a daily high at 0.7294 and low at 0.7283. Within a range of 0.7255-0.7297, NZD/USD has met supply below the 0.73 handle and minor recoveries struggle to find a footing in the 0.790's at trend line resistance fro ...

IMF: global imbalances continued and vulnerabilities rising – ANZ

Analysts at ANZ explained that ahead of the next G20 meeting in Hamburg, the IMF released a document titled “Global Prospects and Policy Challenges”. Key Quotes: "It noted that the global economic recovery “remains on track”, but imbalances continued and vulnerabilitie ...

FOMC minutes reviewed: committee that is more divided – Nomura

Analysts at Nomura explained that the FOMC minutes from the June FOMC meeting do not dissuade us from our Fed calls of a launch of a new balance sheet policy in September and an additional hike in December of the federal funds target range. Key Quotes: "However, the minutes depict a Committe ...

WTI off a cliff today, API showed a drop of 5.8 million barrels

WTI has been in a round trip of over a dollar on the back of the API data, extending to fresh lows after previous supply. Oil is lower overall today as Russia reportedly opposes deeper output cuts. OPEC and non-OPEC producers agreed to reduce output by 1.8 million barrels a day through to March ...

Peru stocks higher at close of trade; S&P Lima General up 0.04%

Investing.com – Peru stocks were higher after the close on Wednesday, as gains in the Services, Electricity and Mining sectors led shares higher. At the close in Lima, the S&P Lima General rose 0.04%. The best performers of the session on the S&P Lima General were Luz Del Sur (LM:LUZ), ...

US Dollar headed for daily close below 96 after FOMC fails to ignite recovery

The US Dollar Index, which tracks the greenback against a basket of six trade-weighted peers, eased below the 96 handle in the late NA session as minutes from FOMC's June meeting failed to provide an opportunity to buy more US dollars. At the moment, the index is at 95.97, a ta ...

Wall Street closes little changed as tech counters losses in energy

After some minor fluctuations on Wednesday, major equity indexes in the U.S. closed the day near their opening levels. Concerns over rising OPEC exports coupled with Russia's opposition to further production output cuts hurt crude oil prices today, pushing the barrel of West Texa ...

The Day Ahead: 3 things that will drive the markets

Investing.com – Here's a preview of the top 3 things to watch our for in tomorrow's session Crude inventory data Weekly crude inventory data from the Energy Information Administration due Thursday, is expected to show that crude stockpiles fell by 2.2m barrels last week. The report will b ...

Brazil stocks lower at close of trade; Bovespa down 0.12%

Investing.com – Brazil stocks were lower after the close on Wednesday, as losses in the Basic Materials, Real Estate and Financials sectors led shares lower. At the close in Sao Paulo, the Bovespa declined 0.12% to hit a new 1-month high. The best performers of the session on the Bovespa were ...

Mexico stocks higher at close of trade; IPC up 0.51%

Investing.com – Mexico stocks were higher after the close on Wednesday, as gains in the Telecoms Services, Consumer Goods&Services and Materials sectors led shares higher. At the close in Mexico, the IPC rose 0.51% to hit a new all time high. The best performers of the session on the IPC were ...

Canada stocks higher at close of trade; S&P/TSX Composite up 0.15%

Investing.com – Canada stocks were higher after the close on Wednesday, as gains in the IT, Materials and Financials sectors led shares higher. At the close in Toronto, the S&P/TSX Composite rose 0.15%. The best performers of the session on the S&P/TSX Composite were Shopify Inc (TO:SHOP), ...

Nasdaq closes higher as tech woes fade

Investing.com – U.S. stocks closed higher, shrugging off pressure from energy stocks amid a slump in crude prices as technology stocks snapped a three-day losing streak, lifting the broader market into positive. Leading technology stocks capped a positive end to the session, with Facebook ...

Colombia stocks higher at close of trade; COLCAP up 0.06%

Investing.com – Colombia stocks were higher after the close on Wednesday, as gains in the Investment, Services and Financials sectors led shares higher. At the close in Colombia, the COLCAP added 0.06%. The best performers of the session on the COLCAP were Grupoaval (CN:GAA), which rose 2.02% or ...