Fed officials ‘looking hard’ at Dec rate hike – UOB

Fed officials who spoke earlier in the week were relatively cautious.  Key Quotes: "Dallas Fed President Kaplan said we will need to ‘look hard’ at December rate hike while Minneapolis Fed President Kashkari urged caution before tightening policy further. He prefers not t ...

AUD/NZD: a retest of the 1.12 handle is possible if…? – Westpac

Analysts at Westpac offered their outlook for the antipodean cross. Key Quotes: "AUD/NZD 1 day: The 1.0830 support area has survived two attempts during the past month, encouraging a near-term bullish view towards 1.0980. AUD/NZD 1-3 month: A retest of the 1.1200 area seen in April is possibl ...

Dairy auction disappointed – ANZ

Analysts at ANZ noted that the latest dairy auction disappointed and it may now take more than a New Zealand production downgrade and reduced GDT volumes to hold the milk price at $6.75/kg MS.  Key Quotes: "Prices fell for all products, apart from cheese. What was noticeable is that bot ...

NZD/USD bears need a break of 0.7130

Currently, NZD/USD is trading at 0.7153, down -0.09% on the day, having posted a daily high at 0.7162 and low at 0.7154. ANZ job ads lifted 0.4% m/m - ANZ NZD/USD has stabilised after being the only real show overnight when the pair dropped to test a key support area at 0.7150. Some of the fall ...

Preview of key US data coming up – Nomura

Analysts at Nomura offered a preview of today's key data from the US session. Key Quotes: "ADP employment report: Reflecting our forecast for private payrolls in the BLS employment report on Friday, we expect ADP to report an increase of 45k in private payrolls for September (Consensus ...

ANZ job ads lifted 0.4% m/m – ANZ

Analysts at ANZ noted that the ANZ job ads lifted 0.4% m/m in September (seasonally adjusted). Key Quotes: Job ads growth has slowed to just 0.6% q/q, with a flattening off clearly evident. Annual job ads growth has eased from a peak of 20% in January to 9% in September (3-month average). Jo ...

Dollar Ticks Down Against Yen, China, South Korea Markets Shut

Investing.com - The dollar edged higher against the yen in early Asia on Wednesday in a light regional data day with markets in China and South Korea shut for holidays. USD/JPY changed hands at 112.89, up 0.04%, while AUD/USD traded at 0.7834, down 0.01%. The U.S. dollar index, which measures th ...

Peru stocks higher at close of trade; S&P Lima General up 1.42%

Investing.com – Peru stocks were higher after the close on Tuesday, as gains in the Industrials, Mining and Non-Metal Minerals sectors led shares higher. At the close in Lima, the S&P Lima General rose 1.42% to hit a new 3-years high. The best performers of the session on the S&P Lima ...

U.S. Crude Oil Inventories Drop Nearly 5 Mln Barrels, API Says

Investing.com - U.S. crude oil inventories fell by 4.08 million barrels last week, the American Petroleum Institute said on Tuesday, far more than expected while gasoline supplies gained 4.91 million barrels and distillates eased by 584,000 barrels. Supplies at the oil storage hub of Cushing ...

Wall Street closes at new record highs amid upbeat car sales data

After starting the day slightly higher, major equity indexes in the U.S. extended their upside to fresh record highs led by robust gains seen in the shares of car manufacturers. General Motors' shares and Ford's shares gained more than 3% and 2% respectively after the vehicle sale ...

Brazil stocks higher at close of trade; Bovespa up 3.23%

Investing.com – Brazil stocks were higher after the close on Tuesday, as gains in the Basic Materials, Consumption and Financials sectors led shares higher. At the close in Sao Paulo, the Bovespa rose 3.23%. The best performers of the session on the Bovespa were Cia Siderurgica Nacional SA ...

FX markets were confined to narrow ranges- ANZ

Analysts at ANZ explained that outside of NZD moves, an absence of data and speakers meant FX markets were confined to narrow ranges.  Key Quotes: "There were no real new developments on the Catalonian situation, but Spanish PM Rajoy has said that he will speak on the situation nex ...

The Day Ahead: Top 3 Things to Watch

Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow Yellen in the spotlight In what is expected to be an action packed session, investors are likely to carefully parse Fed chair Janet Yellen’s comment in her speech slated for 3:15PM ET (1915GMT) Wednesday. Ahead of ...

Mexico stocks higher at close of trade; IPC up 0.23%

Investing.com – Mexico stocks were higher after the close on Tuesday, as gains in the Telecoms Services, Materials and Consumer Staples sectors led shares higher. At the close in Mexico, the IPC rose 0.23%. The best performers of the session on the IPC were Infraestructura Energetica Nova SAB ...