RBA’s Lowe: further AUD gains would slow inflation pickup, employment

RBA's Lowe is testifying before the House of Representatives’ Standing Committee on Economics in Melbourne. Markets have been waiting to hear if he jawbones AUD and shows concerns about the strength of the Aussie but so far, only if's and buts and no sense of urgency o ...

AUD/USD: RBA’s Lowe not rocking the boat, yet…comments so far included

Currently, AUD/USD is trading at 0.7864, down -0.14% on the day, having posted a daily high at 0.7877 and low at 0.7860. AUD/USD is stabilising in the high 0.78s after the extension from the 26th July 0.8008 highs met demand down at 0.7855 at the start of this week. The minor correction has made ...

July 2017 REINZ housing data, Westpac seasonal adjustment – Westpac

Analysts at Westpac explained that NZ house sales and prices continue to fall as higher mortgage rates bite. Key Quotes: "House sales: -3.6% (-24.5%yr) House price index: -0.4% (+1.2%yr) House price index ex Auckland: 0.0% (+7.5%yr) The latest REINZ housing report showed that the New Zealan ...

US Producer Prices sent dollar of a cliff – Nomura

Analysts at Nomura noted the key events from the US session in terms of data that had the dollar on the back foot. Key Quotes: "Producer prices: Headline PPI declined slightly by 0.1% m-o-m in July, lower than the consensus forecast of +0.1% m-o-m. Trade prices, which measure changes i ...

New Zealand Food Price Index (MoM) down to -0.2% in July from previous 0.2%

New Zealand Business NZ PMI down to 55.4 in July from previous 56.2

NZD/USD correcting RBNZ’s McDermott’s “intervention” supply

Currently, NZD/USD is trading at 0.7269, down -0.07% on the day, having posted a daily high at 0.7279 and low at 0.7269. NZD/USD has perked up a little in early Asia with bulls taking it on at the three-time support area in the 0.7260's since the mid morning London session. However ...

North Korea: U.S. will suffer “a shameful defeat”

According to the Korean Central News Agency (KCNA), North Korean government has said that U.S. will suffer "a shameful defeat" and vows to mercilessly wipe out the provocateurs.

Dudley came with a dovish tone – ANZ

Analysts at ANZ explained that the New York Fed President (and FOMC heavyweight) Bill Dudley spoke, and sounded a dovish tone.  Key Quotes: "In his prepared remarks he noted that “inflation is expected to return to 2% over the medium term”. At first glance, he appeared to b ...

Warning of a potential short-term bottom in AUD/JPY

A counter trend reaction in AUD/JPY may flourish as oversold conditions need a definite alleviation.Even though markets look to keep the pressure on the AUD/JPY, as denoted by the alignment of the 50-SMA well below the 200-SMA, the stochastic (14,3,3) threatens to change the bearish status quo. Th ...

Peru stocks lower at close of trade; S&P Lima General down 1.37%

Investing.com – Peru stocks were lower after the close on Thursday, as losses in the Banking&Financials, Food&Beverages and Mining sectors led shares lower. At the close in Lima, the S&P Lima General fell 1.37%. The best performers of the session on the S&P Lima General were ...

The Day Ahead: Top 3 things to watch

Investing.com – Here’s a preview of the top 3 things that could rock markets tomorrow Slowdown in inflation to continue? On the heels of disappointing wholesale inflation data on Thursday, investors look ahead to the release of consumer inflation data due Friday, expected to show modest ...

South Korea Export Price Growth (YoY) increased to 8% in July from previous 4.9%

South Korea Import Price Growth (YoY) increased to 5.4% in July from previous 2.3%