AUD/USD: testing the support of 0.7900 ahead of Tokyo open

Currently, AUD/USD is trading at 0.7909, down -0.05% on the day, having posted a daily high at 0.7917 and low at 0.7906. AUD/USD is testing the downside as we approach the Tokyo open, breaking the sideways channel support and the boundaries of the 0.79 handle. The next catalyst comes in China CP ...

Aussie weaker in Asia as China inflation, Fed views watched

RBA’s Kent gives some food for thought to the FX space in Q&E

RBA's Kent has been taking questions in a Q&E session while speaking at a Bloomberg event. While the immediate release of the text his talk was non-provocative for the FX space, he has made some comments in respect to the Aussie and outlooks for the economy, in general, that is making th ...

South Korea Unemployment Rate declined to 3.6% in July from previous 3.8%

North Korea sending investors into the yen, testing the boundaries of 110

N.Korea's media is retaliating and the yen has picked up a slight bod in thin early Asian trade. North Korea successfully produced miniaturized nuclear warhead - Washington Post Investors are concerned that the United States is one more N.Korean threat away from lighting up the totalitaria ...

RBA’s Kent speaking, but nothing for FX space here

The Reserve Bank of Australia's Christopher Kent who is Assistant Governor (Financial Markets) is speaking at a Bloomberg event. The text of what he is talking about was released and there is nothing on monetary policy or anything at all for the FX space to find any sort of a catalys ...

NZD/USD: Kiwi’s fate depends on two things . . .

Currently, NZD/USD is trading at 0.7327, down -0.02% on the day, having posted a daily high at 0.7334 and low at 0.7326. NZD/USD could be on the way for a break below 0.7300 on further declines whether that be for renewed bullish sentiment in the greenback or the RBNZ as the next potentia ...

Market overview: dollar consolidates at firmer levels – ANZ

Analysts at ANZ explained that the USD’s consolidation at firmer levels continued after last week’s robust July labour market report.  Key Quotes: "Outside of inflation, US data continues to imply solid growth, with the June JOLTS survey of job openings making a record high ...

The JOLTS that propelled the greenback – Nomura

Analysts at Nomura broke down the key JOLTS data that lifted the dollar significantly. Key Quotes: "Job openings increased 461k to 6163k in June, the highest reading in the history of the Job Openings and Labor Turnover Survey (JOLTS) and the largest one-month change since July 2016. Much o ...

Key event risks: watching RBA’s Kent – Westpac

Analysts at Westpac noted the forthcoming event risks. Key Quotes: "Australia: Westpac’s consumer confidence report for August was in the field during the week to 6 Aug. Developments over the last month look mostly positive for sentiment, including the RBA's decision to leave rate ...

Peru stocks higher at close of trade; S&P Lima General up 1.18%

Investing.com – Peru stocks were higher after the close on Tuesday, as gains in the Banking&Financials, S&P Lima Juniors and Mining sectors led shares higher. At the close in Lima, the S&P Lima General added 1.18% to hit a new 52-week high. The best performers of the session on the ...

United States API Weekly Crude Oil Stock dipped from previous 1.779M to -7.839M

Market wrap: US rates and dollar extend gains – Westpac

Analysts at Westpac offered their market and economic wrap. Key Quotes: "Global market sentiment: US interest rates and the US dollar extended recent gains, partly helped by strong economic data. The S&P500 made a fresh record high. Interest rates: US 10yr treasury yields rose from 2.25 ...

U.S. crude oil stockpiles fall 7.8 mln bbls-API – Reuters

"U.S. crude stockpiles fell more than expected last week as imports declined and refinery runs increased, while gasoline inventories increased unexpectedly, industry group the American Petroleum Institute said Tuesday," as reported by Reuters. Key quotes: Crude inventories fell by 7. ...

WTI eases towards $49 despite bigger-than-expected draw in US crude inventories

Crude oil prices failed to gain traction in the post-settlement trade on Tuesday even after the API reported a larger-than-expected draw in U.S. crude oil inventories. As of writing, the barrel of West Texas Intermediate was trading at $49.05, losing 0.7% on the day. Although crude oil stocks i ...