NZD/USD headed for a test of below 0.71 the figure?

Currently, NZD/USD is trading at 0.7211, up 0.04% on the day, having posted a daily high at 0.7215 and low at 0.7206. A balanced rhetoric from Yellen? - ANZ NZD/USD eas hit hard in the overnight session, down -0.92% o the back of the strength in the DXY and an unfavourable climate for the highe ...

AUD/NZD: headed to 1.10 due to NZ politics? – Westpac

Analysts at Westpac offered their outlook for the Antipodean cross and rates. Key Quotes: "AUD/NZD 1 day: Potential for further upside towards 1.10 if uncertainty regarding the NZ government composition persists. AUD/NZD 1-3 month: A retest of the 1.1200 area seen in April is possible if iro ...

AUD/USD: headed to a key test of 0.7810?

Currently, AUD/USD is trading at 0.7883, down -0.01% on the day, having posted a daily high at 0.7891 and low at 0.7882. AUD/USD has not been unable to recover from the start of the month's slide from upon the 0.81 handle, with bears taking control due to the risk-off mood around N. Korea an ...

A balanced rhetoric from Yellen? – ANZ

Analysts at ANZ explained that Chair Yellen tried to strike a balanced tone in her speech overnight, but was tilted towards the hawkish side.  Key Quotes: "Notably, “...we should also be wary of moving too gradually... without further modest increases in the federal funds rate ove ...

EUR/USD: thrown about around an ambiguous Yellen

EUR/USD made fresh lows to 1.1757 when Yellen and Fed's Bostic were speaking at the same time in the early part of the US session.  Forex today: Yellen dominated; price reactions shows that markets are not convinced Yellen was the main focus. At first, the market looked into he ...

US: August New Home Sales edge lower – Nomura

Analysts at Nomura explained that August new home sales decreased to an annual pace of 560k, down 3.4% m-o-m from an upwardly-revised 580k in July.  Key Quotes: "August sales were mostly in line with our expectations but below market expectations (Nomura: -1.1% to 565k, Consensus: 2.5% t ...

Peru stocks higher at close of trade; S&P Lima General up 0.12%

Investing.com – Peru stocks were higher after the close on Tuesday, as gains in the Non-Metal Minerals, Banking&Financials and Industrials sectors led shares higher. At the close in Lima, the S&P Lima General gained 0.12% to hit a new 3-years high. The best performers of the session on the ...

USD continued to claw back lost ground, political concerns elsewhere – ANZ

Analysts at ANZ noted that the USD continued to claw back lost ground as the DXY rallied in the aftermath of the German election results, which have raised question marks over what the new Government’s appetite for deeper EU integration will be. Key Quotes: "At the moment in Europe ...

US: Consumer Confidence negatively affected by hurricanes – Nomura

Analysts at Nomura noted that according to The Conference Board, consumer confidence in September declined slightly to 119.8 from 120.4 (Nomura & Consensus: 120.0).  Key Quotes: "The present situation index declined to 146.1 from 148.4, while the expectations index increase ...

API Estimates Show Surprise Draw In U.S. Crude Oil

Investing.com - U.S. crude oil inventories rose fell by 761,000 barrels at the end of last week, the American Petroleum Institute (API) estimated Tuesday, compared with a 2.296 million barrels build expected. Gasoline inventories however rose by 1.5 million barrels compared to a 962,000 barrel ...

Event Risk outlook for the sessions ahead – Westpac

Analysts at Westpac offered their Event Risk outlook for the sessions ahead. Key Quotes: "Euro Area: Aug money supply and credit data are due to be released. US: Aug durable goods orders (preliminary) are expected to rise 1.0% after a 6.8% fall in Jul relating to a 19.2% drop in transpor ...

The Day Ahead: Top 3 Things to Watch

Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow US macro data on tap Market participants look ahead to the release of a duo of economic reports on Wednesday, which may offer further guidance on the strength of U.S. economy. The Commerce Department on Thursday ...

Wall Street ends choppy session little changed

Major equity indexes in the U.S. traded in tight ranges on Tuesday as investors didn't know what to make of Fed Chairwoman Janet Yellen's comments on the policy outlook.  Speaking before the National Association for Business Economics on Tuesday, Yellen argued that the Fed needed t ...

United States API Weekly Crude Oil Stock dipped from previous 1.443M to -0.761M