AUD/NZD: iron ore giving Aussie bulls green light – Westpac

Analysts at Westpac offered their outlook for the AUD/NZD cross and rates. Key Quotes: "AUD/NZD 1 day: Grinding higher towards 1.0900, as long as iron ore’s rally remains intact. AUD/NZD 1-3 month: A retest of the 1.0900 area seen in May is possible if iron ore’s rally sinc ...

Dollar drifts lower ahead of Jackson Hole conference – ANZ

Analysts at ANZ explained that despite an absence of news or data ahead of the Jackson Hole conference, the USD drifted lower.  Key Quotes: "USD weakness vs JPY – possibly reflecting ongoing tensions surrounding North Korea - seemed to weigh on the USD in general as the marke ...

NZD/USD bulls in control looking to break 0.7340 today?

Currently, NZD/USD is trading at 0.7324, down -0.03% on the day, having posted a daily high at 0.7329 and low at 0.7324. NZD/USD traded within a narrow range overnight while buoyed by a weaker dollar across the board from continued concerns around the turnover of staff at the White House an ...

Aussie ticks lower in early Asia, dollar weakness closely eyed

Investing.com - The Aussie ticked lower in early Asia on Tuesday with no major regional data as investors continue to monitor dollar weakness in the face of political turmoil in the U.S. AUD/USD traded at 0.7937, down 0.01%, while AUD/USD traded at 109.07, up 0.09%. The U.S. dollar index, whic ...

Trump popularity and outlook – Nomura

  Analysts at Nomura explained that slightly over a week has passed since the events in Charlottesville, VA, and public opinion polls have been able to better capture any change in sentiment towards President Trump. Key Quotes: "Over the weekend, a few more opinion polls were released ...

Market wrap: iron ore up 2.6% – Westpac

Analysts at Westpac offered a market wrap. Key Quotes: Global market sentiment: During a quiet night newswise, the US dollar and bond yields slipped further. Among commodities, oil fell but metals rose, iron ore up 2.6%. Interest rates: US 10yr treasury yields slipped from 2.20% to 2.17%, 2y ...

Peru stocks higher at close of trade; S&P Lima General up 0.77%

Investing.com – Peru stocks were higher after the close on Monday, as gains in the S&P Lima Juniors, Mining and Banking&Financials sectors led shares higher. At the close in Lima, the S&P Lima General gained 0.77% to hit a new 3-years high. The best performers of the session on the ...

OPEC, non-OPEC compliance with oil output cuts in July seen at 94% – Reuters

The joint OPEC/non-OPEC technical committee met in Vienna on Monday. Following the meeting, two sources familiar with the matter claimed that the committee estimated that OPEC and other producing countries in July have delivered 94 percent of their pledged oil output cuts, a ...

Bitcoin drops below $4000 as profit-taking continues

Following the record-setting rally last week, bitcoin is looking to close the second day in a row with losses. The fact that no fundamental catalysts were seen behind that move suggests that investors are taking their profits off the table. As of writing, the BTC/USD pair is trading a ...

The Day Ahead: Top 3 things to watch

Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow The euro in focus EUR/USD could be the ‘one to watch’, as Eurozone economic sentiment data for August is expected to show a slight drop to 34.2 from 35.6 in the prior month. The economic sentiment data will be foll ...

Johnson&Johnson to pay $417 million in latest cancer lawsuit

Investing.com -Johnson & Johnson (NYSE:JNJ)will have to pay $417 million to a woman who claims that the company's baby powder caused her ovarian cancer following a jury verdict in California. The company says it plans to appeal, but this is not the first time that the courts have ruled tha ...

Brazil stocks lower at close of trade; Bovespa down 0.12%

Investing.com – Brazil stocks were lower after the close on Monday, as losses in the Electric Power, Consumption and Real Estate sectors led shares lower. At the close in Sao Paulo, the Bovespa lost 0.12%. The best performers of the session on the Bovespa were Fibria Celulose SA (SA:FIBR3), which ...

Fores today: DXY down -0.34% and US yields slipping

Forex today saw both US rates and the US dollar lower. Markets are concerned about the fall-outs within Washington and the subsequent effect on Trump's fiscal agenda. This set the odds of a Dec rate hike back to YTD lows at 3-in-10. The recently Fed's Dudley inspired rally in the dolla ...

Mexico stocks higher at close of trade; IPC up 0.32%

Investing.com – Mexico stocks were higher after the close on Monday, as gains in the Financial Services, Consumer Staples and Materials sectors led shares higher. At the close in Mexico, the IPC rose 0.32%. The best performers of the session on the IPC were Nemak SAB de CV (MX:NEMAKA), which rose ...

Wall Street erases early losses, closes with modest gains

After starting the day under pressure, major equity indexes in the U.S. were able to stage a recovery to close the day slightly higher.  The revived geopolitical tension in the Korean Peninsula pushed investors away from riskier assets on Monday after North Korea called the joint militar ...