NZD/USD in a snapshot – ANZ

Analysts at ANZ offered a snapshot picture of NZD/USD. Key Quotes: "The 200-day moving average around 0.7150 finally gave way last night, as better USD sentiment took over.  While political headlines over the next week or so could throw things around, we retain a downside bias.  Tha ...

AUD/USD looking for lower ground below 0.78 handle?

Currently, AUD/USD is trading at 0.7791, down -0.05% on the day, having posted a daily high at 0.7797 and low at 0.7790. For the Aussie in the recent sessions, the focus went from the big miss in Retail Sales which fell 0.6% vs +0.3% exp to US data that, in stark contrast to that o ...

AUD/NZD an rates outllook – Westpac

Analysts at Westpac offered their outlook for the antipodean cross and rates. Key Quotes: "AUD/NZD 1 day: Expected to consolidate between 1.0880 and 1.0990. AUD/NZD 1-3 month: September’s downward correction should give way to a resumption of the trend rise which started in June, an ...

US employment report preview – Nomura

Analysts at Nomura offered their preview for the nonfarm payrolls report. Key Quotes: "Employment report: The effects of Hurricanes Harvey and Irma introduce a large amount of uncertainty to our September payrolls forecast. We expect nonfarm payroll employment to increase 50k, with a 45 ...

‘Further rate hike’ rhetoric from the Fed continues – ANZ

Analysts at ANZ explained that the ‘further rate hike’ rhetoric from the Fed continued overnight. Key Quotes: "The ‘further rate hike’ rhetoric from the Fed continued overnight with Philadelphia Fed President Harker seemingly downplaying low inflation concerns, statin ...

NZD/USD: the bear’s floodgates are open on that break of the 200 DMA

Currently, NZD/USD is trading at 0.7117, up 0.02% on the day, having posted a daily high at 0.7120 and low at 0.7114. Here is a bearish view on the dollar - Scotiabank NZD/USD was seeing some extra downside in the early part of Asia on the NY handover making for a fresh low since June 1st business ...

Dollar Ticks Higher In Early Asia, Japan Wages Ahead

Investing.com The dollar ticked higher against the yen in early Asia on Friday with wages data ahead in an otherwise thin data day. USD/JPY changed hands at 112.83, up 0.02%, while AUD/USD traded at 0.7793, down 0.04% Japan reports average cash earnings with a 0.5% gain expected. Markets are shu ...

Peru stocks higher at close of trade; S&P Lima General up 1.28%

Investing.com – Peru stocks were higher after the close on Thursday, as gains in the S&P Lima Juniors, Mining and Industrials sectors led shares higher. At the close in Lima, the S&P Lima General gained 1.28% to hit a new 3-years high. The best performers of the session on the S&P Lima ...

Here is a bearish view on the dollar – Scotiabank

Analysts at Scotiabank explained that they retain a generally negative view of the outlook for the US dollar (USD).  Key Quotes: "The USD has weakened broadly against the major currencies over the past three months and has tended to lose ground against many Asian and Latin America ...

BOJ governor nomination to drive JPY – Nomura

"Who will be the next BOJ governor? We think this will be an important risk factor for JPY trading over the next six months," notes Nomura Global Market Research Team. Key quotes: "While it is too early to shortlist the candidates, especially ahead of the impending snap election, w ...

Fed’s George: Further gradual rate hikes will be needed

Kansas City Federal Reserve Bank President Esther George recently crossed the wires saying that the Federal Reserve would need to raise interest rates further to keep the economy on track to the Fed's 2-percent inflation goal, as per Reuters reports. Key quotes (via Reuters): Furthe ...

Brazil stocks higher at close of trade; Bovespa up 0.03%

Investing.com – Brazil stocks were higher after the close on Thursday, as gains in the Electric Power, Financials and Public Utilities sectors led shares higher. At the close in Sao Paulo, the Bovespa rose 0.03% to hit a new all time high. The best performers of the session on the Bovespa were ...

Mexico stocks lower at close of trade; IPC down 0.17%

Investing.com – Mexico stocks were lower after the close on Thursday, as losses in the Consumer Goods&Services, Financial Services and Industrials sectors led shares lower. At the close in Mexico, the IPC declined 0.17% to hit a new 1-month high. The best performers of the session on the IPC ...

Wall Street rallies to record highs as data points to strengthening US economy

Following a relatively calm start to the day, major equity indexes in the U.S. gained traction and advanced to new record highs as today's macroeconomic data suggested that the economic growth preserved its momentum despite hurricanes Irma and Harvey.  Today's data showed tha ...