Japan JP Foreign Reserves below forecasts ($1257.2B) in June: Actual ($1249.8B)

ADP report point to soft nonfarm payrolls – ANZ

Analysts at ANZ explained that the ADP employment came in soft. Key Quotes: "...potentially pointing to a soft non-farm payrolls release tonight." "The market expects NFP to add 178k jobs tomorrow, well above the 92k pace needed to keep unemployment at 4.5% over the next 1 ...

Precious metals take a big knock in thin trade, Gold down $5.00

Precious metals have just dropped considerably with little out there in the way of information.  The markets are thin and Silver dropped from 16.09oz to 15.09 in a matter of minutes, recovering back 15.85oz while gold $1,225 to $1,220 in the same time frame. Platinum from 911.59oz to 902.53o ...

Australia AiG Performance of Construction Index: 56 (June) vs previous 56.7

NZD/USD: stalling within the upward bull short-term channel

Currently, NZD/USD is trading at 0.7275, down 0.00% on the day, having posted a daily high at 0.7279 and low at 0.7274. NZD/USD is consolidating the minor recovery and within the range of 0.7245-0.7293. The Kiwi was able to recover within the broader downtrend to a degree with the DXY dropping it ...

US data reviewed: lowered Q2 GDP tracking – Nomura

Analysts at Nomura offered a review of the US data from overnight. Key Quotes: "ADP employment report indicated healthy growth in nonfarm private sector jobs in June, which rose 158k, near our expectations but slightly below consensus (Nomura: 160k, Consensus: 188k). All the gains came fro ...

US Dollar Index ends recovery before NFP day

The US dollar ended with mixed results in the market ahead of the non-farm payrolls report. The greenback dropped sharply against European currencies and finished practically unchanged versus the yen and commodity currencies.  The US Dollar Index dropped 0.48%, having the worst day of th ...

Peru stocks lower at close of trade; S&P Lima General down 0.54%

Investing.com – Peru stocks were lower after the close on Thursday, as losses in the Mining, Banking&Financials and Food&Beverages sectors led shares lower. At the close in Lima, the S&P Lima General lost 0.54%. The best performers of the session on the S&P Lima General were Austral ...

Fed’s Yellen to deliver second day of testimony on July 13 – Reuters

"Federal Reserve Chair Janet Yellen will deliver the second day of testimony on the U.S. central bank's semiannual report on monetary policy and the economy on July 13, a Senate committee announced on Thursday," Reuters recently reported.  "Yellen will testify at 10 a.m ...

US Pres. Trump: North Korea is a threat, and we will confront it very strongly

Speaking at a news conference with Polish President Andrzej Duda, U.S. President Donald Trump said that North Korea was a threat and they would confront it very strongly. Key quotes (via Reuters): They are behaving in a very, very dangerous manner and something will have to be done Trump sai ...

Wall Street ends day sharply lower amid risk aversion

Major equity indexes in the U.S. recorded heavy losses on Thursday as the private sector employment data accompanied by the geopolitical tension surrounding the situation in North Korea hurt the investors' sentiment. Forex today: dollar drops with a shift in euro yields outpacing UST yields ...

Brazil stocks lower at close of trade; Bovespa down 1.08%

Investing.com – Brazil stocks were lower after the close on Thursday, as losses in the Real Estate, Industrials and Consumption sectors led shares lower. At the close in Sao Paulo, the Bovespa fell 1.08%. The best performers of the session on the Bovespa were Centrais Eletricas Brasileiras SA ...

The Day Ahead: Top 3 things that will drive markets

Investing.com – Here’s a preview of the top 3 things that could rock markets tomorrow Nonfarm payrolls Nonfarm payrolls, arguably one of the most important economic updates of the month, will help investors assess the strength of the U.S. economy, and provide the dollar, U.S. 10-Year, and ...