US data reviewed supportive of the dollar – ANZ

Analysts at ANZ noted the overnight events and data that had the dollar on the rise. Key Quotes: "US July retail sales were much stronger than expected, with 10 of the 13 categories growing. The data points to strong consumption at the start of Q3 and possible upward revisions to the Q2 GD ...

AUD/USD: bears have eyes for a test below the 0.78 handle

Currently, AUD/USD is trading at 0.7821, up 0.01% on the day, having posted a daily high at 0.7826 and low at 0.7817. AUD/USD has stablised at the bottom of the overnight range which was all one way in favour of the greenback. Commodities were part of the act following a fall in iron ore by 1.4 ...

Aussie slightly down ahead of wage price data in early Asia

Investing.com - The Aussie traded a tad weaker in early Asia on Wednesday ahead of wage price data in an otherwise light regional session. AUD/USD traded at 0.7821, down 0.01%, while USD/JPY changed hands at 110.61, down 0.055. The U.S. dollar index, which measures the greenback’s strength against ...

FOMC minutes preview – Nomura

Analysts at Nomura offered their preview for the FOMC minutes coming up in the US session tonight. Key Quotes: "The statement from the 25-26 July FOMC meeting all but explicitly stated “September” for the announcement of balance sheet roll off. Since then, a number of FOMC member ...

Crude oil down in Asia after API shows major draw, but gasoline build

Investing.com - Crude oil prices fell slightly in early Asia on Tuesday after industry estimates showed a major draw in crude stocks, but a build in gasoline in the midst of the normally high-demand summer driving season. On the New York Mercantile Exchange crude futures for September deliver ...

API estimates show 9.16m barrels crude draw, unexpected gasoline build

Investing.com - Crude oil inventories dropped by 9.16 million barrels at the end of last week, the American Petroleum Institute (API) said on Tuesday, marking an 11th straight drawdown and more than expected on the week. The figures, will be followed by official data from the Energy Informatio ...

NZD/USD: oscillates awaiting a fresh catalyst, bears in control

Currently, NZD/USD is trading at 0.7235, down 0.00% on the day, having posted a daily high at 0.7244 and low at 0.7233. Forex today: US retail sales take the dollar and yields higher  NZD/USD is licking its wounds at the bottom of the overnight range where the dollar was top of the pops an ...

China M2 Money Supply (YoY) below forecasts (9.4%) in July: Actual (9.2%)

China New Loans above forecasts (800B) in July: Actual (825.5B)

Inverted hammer kept AUD/JPY bears awake last night

An umbrella line on the AUD/JPY daily chart has been confirmed by yesterday's close.An inverted hammer formed two days ago already provided a tentative clue that the support was near. However, it was not until we had yesterday's close above the hammer's real body that we received a visua ...

NZD/USD buyers stood their ground

The recent NZD/USD decline has pushed the daily MACD line below zero.Momentum traders following this technical signal will now more confident that serious inroads to the NZD/USD downside can be achieved. Long-term sellers should find comfort in the fact that this signal hasn't occurred for mor ...

Market wrap: dollar and US yields higher – Westpac

Analysts at Westpac offered a market wrap where the dollar and US yields climbed. Key Quotes: "Global market sentiment: Strong US data lifted the US dollar and bond yields, sending the AUD and NZD lower. Interest rates: US 10yr treasury yields rose from 2.24% to 2.28%, 2yr yields from 1.33% t ...

Peru stocks lower at close of trade; S&P Lima General down 0.05%

Investing.com – Peru stocks were lower after the close on Tuesday, as losses in the Mining, S&P Lima Juniors and Services sectors led shares lower. At the close in Lima, the S&P Lima General declined 0.05%. The best performers of the session on the S&P Lima General were Sociedad Minera ...

WTI jumps to fresh daily highs in post-settlement trade post-API data

Crude oil prices gathered momentum in the post-settlement trade on Tuesday with the barrel of West Texas Intermediate spiking up to a fresh session high at $47.83. As of writing, the barrel of WTI was trading around $48, gaining 0.4% on the day. According to the data released by th ...

Viavi tops Q4 expectations, but downbeat guidance sends shares lower

Investing.com - Viavi Solutions Inc's (NASDAQ:VIAV) shares were falling in the after hours session as traders looked past the company’s earnings and revenue beat and focused on its downbeat guidance. The company earned 12 cents per share in Q4, topping expectations by 4 cents. Revenue was $198.1 ...