ECB minutes highlighted stronger growth – ANZ

Analysts at ANZ noted that the ECB minutes highlighted stronger growth but also noted that policy will need to remain expansionary for underlying inflation pressures to converge on 2%.  Key Quotes: "So few surprises on that front. Of note was a discussion on the Philips curve, which ha ...

NZD/USD unable to find flight in risk-off sentiment, but supported 0.7280

Currently, NZD/USD is trading at 0.7284, up 0.08% on the day, having posted a daily high at 0.7289 and low at 0.7281. NZD/USD has found support around the 0.7280 mark after a decline from 0.7334 in Asia yesterday with a broad-based resurgence in the US dollar. However, the gains in the dollar mad ...

AUD/NZD: watching 1.0820 key support – Westpac

Analysts at Westpac offered their outlook for the antipodean cross and rates. Key Quotes: "AUD/NZD 1 day: Having reached 1.0880 yesterday, there’s potential for a deeper correction if 1.0820 gives way. AUD/NZD 1-3 month: A retest of the 1.0900 area seen in May is possible if iro ...

Yen gains in early Asia, China house prices data ahead

Investing.com - The yen gained in early Asia on Friday in a light regional data day ahead. USD/JPY changed hands at 109.47, down 0.10%, while AUD/USD traded at 0.7886, flat ahead of china housing figures that indicate demand for raw materials. In China, data on house prices for July is due with ...

GDP tracking update lowered – Nomura

Following the data from the US session overnight, analysts at Nomura offered their GDP tracking update. Key Quotes: "Today’s industrial production data lowered our Q3 GDP tracking estimate 0.1pp to 2.9% q-o-q saar. While energy output, a proxy of household energy consumption, increase ...

Market wrap: risk sentiment soured overnight – Westpac

Analysts at Westpac offered a market and economic wrap for the US session. Key Quotes: "Global market sentiment: Risk sentiment soured overnight, benefitting safe havens such as US treasuries and the yen. The S&P500 is down 1.1%, influenced by concerns about the US administration plus ...

Peru stocks lower at close of trade; S&P Lima General down 0.59%

Investing.com – Peru stocks were lower after the close on Thursday, as losses in the Mining, Food&Beverages and Banking&Financials sectors led shares lower. At the close in Lima, the S&P Lima General declined 0.59%. The best performers of the session on the S&P Lima General were ...

Bitcoin eases off record highs, remains above $4000

Bitcoin extended its bullish rally on Thursday with the BTC/USD pair refreshing its record high at $4490 before starting a corrective retreat. As of writing, the pair was trading at $4287, losing 1.6% on the day. The pair's pullback seems to be a product of profit taking as no apparen ...

Chile BCCH Interest Rate in line with expectations (2.5%) in August

The Day Ahead: Top 3 things to watch

Investing.com – Here’s a preview of the top 3 things that could rock markets tomorrow Canadian inflation in the spotlight Canadian data due Friday, is expected to show the pace of inflation for July remained unchanged at 0.1%, from the prior month. The loonie has made significant gains ...

Brazil stocks lower at close of trade; Bovespa down 0.90%

Investing.com – Brazil stocks were lower after the close on Thursday, as losses in the Financials, Real Estate and Industrials sectors led shares lower. At the close in Sao Paulo, the Bovespa lost 0.90%. The best performers of the session on the Bovespa were Estacio Participacoes SA (SA:ESTC3), ...

Wall Street ends day with heavy losses on risk aversion

Major equity indexes in the U.S. dropped sharply on Thursday as investors moved away from riskier assets on rising concerns over the stability of the Trump administration and its ability to push through important policy changes such as the tax-reform or the infrastructure overhaul. Marke ...

Forex today: risk sentiment affected by Barcelona ‘Terror Attack’

Forex today sadly witnessed and traded upon the shocking atrocities that occurred on the heavily populated tourist strip of Barcelona, Las Ramblas, where a hired van plowed through hundreds of innocent people killing at least 13 and leaving many more innocent injured.  US Treasuries and th ...

Mexico stocks lower at close of trade; IPC down 0.32%

Investing.com – Mexico stocks were lower after the close on Thursday, as losses in the Consumer Goods&Services, Healthcare and Materials sectors led shares lower. At the close in Mexico, the IPC lost 0.32%. The best performers of the session on the IPC were Alfa, S.A.B. De C.V. (MX:ALFAA), ...

Gap tops expectations, hikes guidance – shares rally

Investing.com - Gap Inc (NYSE:GPS) shares surged during Thursday’s after hours after the company reported that it had easily beat Wall Street’s second quarter earnings expectations. Gap earned 58 cents in the second quarter on revenue of $3.8 billion, whereas analysts had forecast earnings of 52 ce ...