Brexit volatility here we come?

Markets are awaiting documents to be published by the government setting out Britain's strategy for Brexit, but Reuters has published some excerpts of paper already. Britain will propose setting up an interim customs agreement with the European Union after Brexit to allow the frees ...

North Korea has decided not to launch a missile attack on Guam – WSJ

According to the Wall Street Journal, North Korean Leader Kim Jong Un has decided to not launch a "threatened" missile attack on Guam. However, he warned that he could change his mind if the United States "persist in their extremely dangerous reckless actions".

NZ economy: areas are throttling back, RBNZ hikes in H2 2018? – Westpac

Analysts at Westpac explained that the New Zealand economy is now into its seventh year of expansion.  Key Quotes: "While we do expect the growth to roll on, there are a number of areas in which the economy is throttling back. First, the housing market slowdown has intensified. Prices ar ...

USD/SEK sitting flat right now

The following USD/SEK set-up, outlined from an hourly perspective, consists of a weakening technical structure accompanied by very low volatility. Recent trading has been happening below the 50 exponential moving average, a bearish condition which, should it persist, would make more SAR indicato ...

Aussie gains slightly in early Asia with minutes ahead

Investing.com - The Aussie edged higher in Asia on Tuesday with central bank minutes ahead in an otherwise light data day with North Korea however still a potential potent factor on sentiment. Later the Reserve Bank of Australia will release the minutes of its August meeting and held at a recor ...

Watching GBP/USD this week and next – Nomura

Analysts at Nomura explained that the pound is not only driven by the data. Key Quotes: "Politics need to be considered for next week, when the UK is expected to release its position papers on the future of the Irish border, the customs union, along with papers addressing the futur ...

AUD/NZD: RBNZ interventions to trigger run to 1.0900? – Westpac

Analysts at Westpac offered their outlook for the antipodean cross and rates. Key Quotes: "AUD/NZD 1 day: Could test 1.0900 during the next few days, if AU commodities extend their run and RBNZ intervention warnings resonate. AUD/NZD 1-3 month: A retest of the 1.0900 area seen in May i ...

NZD/USD drifting higher awaiting next catalyst, USD to extend gains?

Currently, NZD/USD is trading at 0.7289, up 0.03% on the day, having posted a daily high at 0.7293 and low at 0.7284. NZD/USD is drifting higher in a slow paced start to Asia that is unlikely to provide much action given the absence of events today. However, the GDT dairy auction tonight is price ...

Signs of exhaustion apparent in USD/SEK

Outlined from an hourly perspective, the [pair] is being carried into new low ground but reflecting an extremely low volatility.Usually associated with the formation of narrow consolidation ranges, there is a chance for volatility to expand again and for price to break out and start a new upwar ...

EUR/GBP MACD indicates downside pressure

The failure of MACD to test recent highs indicates that EUR/GBP could be facing downside pressure soon.Over the past two weeks, it has become evident that a bearish divergence between EUR/GBP spot and the MACD has developed, which typically implies weakness ahead. Additionally on a 4-hour chart, w ...

Geopolitics remains a key thematic – ANZ

Analysts at ANZ explained that, in respect of N.Korea, markets are right to be paring back on some of the panic after the White House took steps on Sunday to reassure us that nuclear war is not imminent.  Key Quotes: "But at the same time, having ratcheted up the rhetoric this far, it i ...

US trade policy update – Nomura

Analysts at Nomura noted that President Trump today signed a memorandum directing US Trade Representative Robert Lighthizer to begin a formal probe into China’s intellectual property (IP) policies. Key Quotes: "The Trump administration contends that the Chinese government unfairly force ...

Market wrap: risk-off trade continues to fade – Westpac

Analysts at Westpac offered their wrap up of the US session and events. Key Quotes: "Market Wrap Global market sentiment: Concerns about North Korea appeared to fade, lifting equities and US bond yields. The US dollar also gained, hurting AUD/USD and NZD/USD. Interest rates: US 10yr treasur ...