Yellen’s two-day testimony wrapped up – ANZ

Analysts at ANZ summed up Yellen's two-day testimony. Key Quotes: "FED #1: Chair Yellen’s Senate testimony was similar to yesterday. However, she did say that there will be a rise in long-term market rates during the balance sheet run off and that the Fed will factor in the yiel ...

NZD/USD slight offer on business PMI, bulls holding well on 0.73 handle

Currently, NZD/USD is trading at 0.7320, down -0.02% on the day, having posted a daily high at 0.7324 and low at 0.7317. NZD/USD has moved into a phase of consolidation and remains bid despite the recent Business PMI that came in at 56.2 vs prior 58.5. The bird has been propped up on the bac ...

New Zealand Business NZ PMI fell from previous 58.5 to 56.2 in June

AUD/USD sellers alleviate upside pressure

The 30-min. oscillator has build a plateau above the 70% level for more than 10 hours and has just abandoned overbought territory with the recent 30-min. close.

EUR/GBP issued a Golden Cross

EUR/GBP is undergoing a Golden Cross on daily charts, traditionally considered a bullish omen.The EUR/GBP's 50-day MA crossed above its 200-day trend. Previous instances tell us that this event becomes extremely rare if the pair has witnessed a meaningful correction before or during the crossover ...

Growing price instability in NZD/USD

NZD/USD was a game of two halves in yesterday's trading, forming a high wave candlestick pattern on this time frame.While closing the day above the 21-day simple moving average, this pair has thrown in a large bodied candlestick with seemingly large upper and lower wicks. Both buyers and seller ...

EUR/USD pierces a 52-week high

EUR/USD was biding above the 52-week high but finally closed the day below.Having punched the performance metric with today's price movement leaves a new high on the charts.

Chile BCCH Interest Rate in line with forecasts (2.5%) in July

Market wrap: longer maturity bond yields to move higher? – Westpac

Analysts at Westpac's market wrap... Key Quotes: "Global market sentiment: US interest rates rose, partly helped by Fed Chair Yellen’s comments that balance sheet shrinkage would probably steepen the yield curve. The AUD and NZD are firmer. Interest rates: US 10yr treasury yield ...

Peru stocks lower at close of trade; S&P Lima General down 0.16%

Investing.com – Peru stocks were lower after the close on Thursday, as losses in the Banking&Financials, Non-Metal Minerals and Mining sectors led shares lower. At the close in Lima, the S&P Lima General declined 0.16%. The best performers of the session on the S&P Lima General were ...

South Korea Import Price Growth (YoY): 2.3% (June) vs previous 4.1%

South Korea Export Price Growth (YoY) declined to 4.9% in June from previous 5.3%

AUD/USD sellers alleviate upside pressure

AUD/USD traders could soon see a period of short-term weakness on an intraday basis, allowing for some severe overbought studies to unwind.The 50 SMA is above the 200 SMA on the hourly chart, at a distance superior to the daily ATR. This indicates an up-trending condition.Longer-term trader ...