AUD/USD now targets 0.7980 – Commerzbank

Axel Rudolph, Senior Technical Analyst at Commerzbank, noted the pair could attempt a test of the 0.7980 region. Key Quotes “AUD/USD stabilized slightly above the three month support line at .7806 as expected. It now targets the .7980/91 July 20 and August 4 highs around which it is likely t ...

GBP/USD keeps the bearish outlook unchanged – UOB

Cable’s perspective remains on the bearish side for the time being, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “While GBP edged below the strong 1.2845/50 support, it rebounded after touching a low of 1.2842. Downward pressure has eased and the current movement i ...

US: Divisions grow – ING

The minutes to the July FOMC meeting suggest growing splits within the Federal Reserve on the likely policy path, according to James Knightley, Chief International Economist at ING. Key Quotes “Some worry about low inflation and think they can be patient. Others think it will resurface and i ...

GBP/USD slides back closer to over one-month lows, around mid-1.2800s

The GBP/USD pair failed to extend overnight recovery move and tumbled over 50-pips from session tops near the 1.2910 region. Currently hovering around 100-day SMA, near the 1.2860 region, the pair surrendered all of the yesterday's recovery gains and inched back closer to over one-month low ...

USD: Steady amidst ever changing political landscape – BBH

The US dollar had steadied after softening in the North American afternoon yesterday when the dissolution of President Trump's business councils as a series of executives stepped down, points out the analysis team at BBH.   Key Quotes “The FOMC minutes added more fuel to th ...

US: Industrial production amongst major economic releases today – TDS

In the US session, industrial production for July will serve as the data highlight amid a number of mid and lower-tier releases, explains the analysis team at TDS. Key Quotes “TD looks for an on-consensus print, with IP rising by 0.3% m/m though manufacturing production should underperfor ...

Sri Lanka stocks lower at close of trade; CSE All-Share down 0.14%

Investing.com – Sri Lanka stocks were lower after the close on Thursday, as losses in the Plantations, Trading and Palm Oil sectors led shares lower. At the close in Colombo, the CSE All-Share declined 0.14% to hit a new 3-months low. The best performers of the session on the CSE All-Share were ...

India stocks higher at close of trade; Nifty 50 up 0.07%

Investing.com – India stocks were higher after the close on Thursday, as gains in the IT, Technology and Public Sector Undertakings sectors led shares higher. At the close in NSE, the Nifty 50 added 0.07%, while the BSE Sensex 30 index gained 0.08%. The best performers of the session on the Nifty ...

U.S. stock futures lower as markets await Wal-Mart, jobs data

Investing.com – Wall Street futures pointed to a lower open on Thursday as investors looked ahead to earnings from Wal-Mart (NYSE:WMT) and key data on the labor market. The blue-chip Dow futures slipped 14 points, or 0.06%, at 6:42AM ET (10:42GMT), the S&P 500 futures lost 3 points, o ...

Both industrial production and manufacturing production to rise in July – HSBC

Analysts at HSBC offer their insights on what to expect from the upcoming US industrial production data, which is expected to have a major impact on the USD price-action. Key Quotes: “Seasonal adjustment for industrial production is quirky in July, as this is the month when many automaker ...

EUR/USD: Bears attack 1.1700 as USD recovery extends, ECB eyed

The selling pressure behind the EUR/USD pair extends into the mid-European session, with the bears now eyeing a break below 1.17 handle. EUR/USD: Focus shifts to ECB minutes, US data dump The latest declines in the main currency pair are partly on the back of large option expiries casting ...

Top 5 things to know in the market on Thursday

Investing.com - Here are the top five things you need to know in financial markets on Thursday, August 17: 1. Conviction for another Fed rate hike fades Conviction for another U.S. rate hike before the end of the year faded after the minutes from the Federal Reserve's July meeting showe ...

Australia: Labour market consolidates solid trend – Westpac

Justin Smirk, Research Analyst at Westpac, points out that May, June & July provided solid updates from the Labour Force survey and this recovery in employment was something that Westpac Jobs Index has been pointing to for some time and our employment forecasts for the next few month ...

WTI drops to fresh 3-week lows near $ 46.50, high US output weighs

Oil futures on NYMEX is on a declining trend so far this week and meanders near three-week troughs near mid-46s, as concerns over rising US production levels return to the markets and dampen investors’ sentiment. Moreover, a corrective rally seen in the US dollar versus its main competitors ...

USD/JPY recovers back above 110.00 handle

The USD/JPY pair has managed to recover majority of the early losses and rebounded around 40-pips from session lows near the 109.65 region.  With investors looking past Wednesday's dovish FOMC meeting minutes, a goodish US Dollar recovery helped the pair to move back above the key 110.0 ...