AUD/USD sidelined at the start of the week, eyes on the US dollar

AUD/USD  is currently trading at 0.7953, between a range of 0.7951/61 and flat on the day.  AUD/USD was in a recovery of the new lows made last week at 0.7908 following  Wednesday's Fed sell-off from the 0.81 handle. Weak gold below $1,300 psychological level also pressure ...

NZ election: NZ First win – ANZ

Analysts at ANZ noted that the NZ election delivered the balance of power to NZ First on the weekend.  Key Quotes: "This means both the centre-right and left will be on the charm offensive over the coming weeks to form a coalition. Winston Peters has indicated a final position will b ...

The week ahead, US, EU and Japan on the traders map -Nomura

Analysts at Nomura offered their preview for the week ahead. Key Quotes: "The week ahead: United States Given relevant data from August PPI and CPI reports, we expect steady progress in core PCE inflation for August Case-Shiller home price index (Tuesday): Home prices have been rising steadil ...

NZD/USD opened below 0.73 on election results and general subdued risk tone

Currently, NZD/USD is trading at 0.7323, down -0.23% on the day, having posted a daily high at 0.7328 and low at 0.7298. NZD/USD has opened offered in early Asia on the back of NZ elections. The provisional results were National: 46% / 58 seats; Labour 35.8% / 45 seats; NZ First 7.5% / 9 seats ...

New Zealand’s general election: still waiting on a final result – Westpac

Analysts at Westpac explained that the election is now over, but it will be some time before we will know the make-up of the new Government. Key Quotes: "Neither of the two major parties won enough seats to govern alone in Saturday’s election. The incumbent centre-right National Part ...

Trouble at’ mill for Angela Merkel – Socgen

Analysts at Societe Generale explained that the CDU and CSU will be comfortably the biggest party bloc in the Bundestag when the final count comes in after Germany's election, but Chancellor Merkel is going to have to conjure up a coalition with the FDP and the Greens, as well as facin ...

EUR/USD stabilizes circa 1.1920 post German election

EUR/USD has found equilibrium in thin market conditions around the 1.1920 level, with the tight win by Angela Merkel, who is set to secure her fourth term as German Chancellor, as the early driver in prices.  Mild depreciation post-German election results The pair saw an initial shar ...

German election: ‘Jamaica Coalition’ most likely scenario

After the disappointing results by both CDU's Merkel and SPD leader Schulz, the latter told supporters that a coalition with Angela Merkel is not an option. The implications of Schulz decision means that Merkel's CDU is expected to try to form a coalition with the liberals and th ...

Germany’s Merkel: Results are disappointing, we’ll still be in power

Germany's Chancellor Angela Merkel is crossing the wires after the ARD's exit poll, noting that while the results are disappointing, they still have the advantage to govern. “We don’t need to beat about the bush, we had hoped for a better result. But we should not forget tha ...

German election: Merkel sees slight uptick in new projections

In an updated ARD exit poll projection, Merkel's CDU/CSU party has seen a slight improvement to 32.9 percent vs 32.7 percent prior. The SPD stands at 20.2 percent. As a reminder, in the grand scheme of things, Merkel's coalition alliance has seen a significant drop in support.  ...

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