AUD/NZD drops amid equities glut, balances ahead of Tokyo

AUD/NZD down in Asia, testing 1.0830 ahead of Tokyo. RBA rate decision today, holding steady on rates priced in, but downside risks remain. AUD/NZD pushed lower yesterday, currently trading near 1.0830 ahead of Tokyo market open. The Aussie continues to suffer against the Kiwi, losing groun ...

BoJ Kuroda to appear in Japan Parliament from 04:00 GMT

Bank of Japan Governor Kuroda will be appearing in Japan's Parliament today at 04:00 GMT. He is expected to reiterate his recent talking points, trying to talk the Yen down from its strong position with renewed vigor following yesterday's equities collapse.  Leading figures from th ...

When are Aussie retail sales/trade and how could they affect AUD/USD?

Aussie retails sales overview The calendar is a busy one for the Aussie today and we start with international trade data and retail sales for the month of December. All data are scheduled for a 00:30GMT.at 11:30am Syd/8:30am Sing/HK and 00:30GMT. We are looking for surprise ...

ISM non-manufacturing index data reviewed – Nomura

Analysts at Nomura reviewed the key ISM non-manufacturing index data. Key Quotes: "January’s ISM nonmanufacturing index rose 3.9pp to 59.9, above expectations (Nomura: 55.8, Consensus: 56.7), marking the highest reading since August 2005. Today’s report highlighted the generall ...

AUD/JPY tanks in New York, dips below 86.00

AUD/JPY plummets as global risk assets retreat. DOW has worst day on record, erasing January gains; Nikkei set to continue plunge. RBA rate decision at 03:30 GMT, no increase expected on soft data. AUD/JPY accelerated its recent decline, dropping to 85.89 to finish the New Yor ...

Risk aversion rippled across markets – Westpac

Analysts at Westpac explained that risk aversion rippled across markets, with US Treasury yields tumbling and JPY outperforming.  Key Quotes: "At the panic lows the VIX “fear index” spiked to 35.7%, its highest levels since August 2015. At one point the DJIA fell almost -160 ...

Crypto has a bad case of the Mondays, Bitcoin dips below 7,000

Crypto market continues global decline, broad market down over 50% since the start of 2018. Smaller cryptocurrencies following Bitcoin's lead, replicating losses on charts. Markets find a brief reprieve, BTC bounces from 6,650.00. Cryptocurrencies have continued the broad-market rout tha ...

Forex today: Dow dumps over 1,500 points, FX in risk off mode

The FX space was once again dominated by the risk of higher inflation that sent equities in free-fall and yields higher. The greenback was mixed but a good performer on the day attracting risk-off flows although the yen took the title on that front, of course. The dollar rose 0.3-1.0% with sterlin ...

Bitcoin Falls 11% as Banks Move To Halt Credit Funded Crypto Purchases

Investing.com – Bitcoin fell to its lowest since November as investors continued to flee the cryptomarket as major banks stepped up efforts to curb cryptocurrency activity by restricting the use of credit funds to purchase cryptocurrencies. Major banks across the US and UK halte ...

Aussie Trends Weaker Ahead Of RBA, Market Assess US Equity Rout

Investing.com - The Aussie fell in Asia on Tuesday ahead of the latest central bank review on rates and after a market rout overnight in the US that saw the S&P 500 down more than 4% and the dollar index post a gain. AUD/USD was last quoted at 0.7880, while USD/JPY changed hands at 109.09 ...

Peru stocks lower at close of trade; S&P Lima General down 1.01%

Investing.com – Peru stocks were lower after the close on Monday, as losses in the Banking&Financials, Electricity and Services sectors led shares lower. At the close in Lima, the S&P Lima General fell 1.01% to hit a new 1-month low. The best performers of the session on the S&P Lima ...

The Day Ahead: Top 3 Things to Watch

topInvesting.com - Here’s a preview of the top 3 things that could rock markets tomorrow U.S. macro data in focus Following the upbeat nonfarm payrolls report on Friday, investors are expected to closely monitor a monthly report on job vacancies for further clues into the strength of the U.S. labor ...

US equities plunged, worst day in history for Dow

Equities fall on panic selling, market payers overreacting to wages´ uptick. Fears inflation is finally picking up and will back a steeper pace of rate hikes triggered the slump. Equities were trading lower in the US, but all hell broke loose ahead of the close, as the Dow plunged at som ...

Canada stocks lower at close of trade; S&P/TSX Composite down 1.78%

Investing.com – Canada stocks were lower after the close on Monday, as losses in the Energy, Financials and Consumer Discretionary sectors led shares lower. At the close in Toronto, the S&P/TSX Composite declined 1.78% to hit a new 3-months low. The best performers of the session on the ...