Japan Corporate Service Price (YoY) below forecasts (0.8%) in December: Actual (0.7%)

ECB’s Smets: Euro strength “point of attention” for ECB – Reuters

More comments being reported by Reuters from the European Central Bank's council member and Belgian central bank governor Jan Smets following a brief talk earlier with Bloomberg reporters. Key quotes: "Foreign exchange rates are a point of attention. The volatility on the foreig ...

Forex today: lower yields send dollar onto the back foot again

Forex today sent the dollar lower as US yields tanked with the US 10yr treasury yields paring the previous day’s gains while stocks made an impressive recovery at the start of the session as investors followed the flows of money, but were weaker towards the close.  Despite the stron ...

AUD/JPY still down near the bottom after losing the 84.0 handle

AUD/JPY still near the bottom with little bidding. Aussie continues to suffer from little data. AUD/JPY is continuing to trade flat in the overnight session following a tumultuous but sideways Thursday, trading near 83.70 heading into the Tokyo market open. With little data out for the AUD thi ...

Japan National CPI Ex-Fresh Food (YoY) came in at 0.9%, above forecasts (0.8%) in January

AUD/USD holds onto 0.78 after rebound fueled by Greenback sell-off

AUD/USD gains on Dollar selling. AUD still a weak pair with lacking macros. AUD/USD is holding steady near 0.7840 in the overnight session following gains brought on by Dollar selling in Thursday's trading. With little macro of note on the calendar this week, the pair has seen itself trad ...

Japan National Consumer Price Index (YoY) above forecasts (1.3%) in January: Actual (1.4%)

ECB Smets: Not concerned about Euro strength, volatility – Bloomberg

The European Central Bank's council member and Belgian central bank governor Jan Smets gave a quick statement to Bloomberg reporters in Brussels regarding the Euro's outlook. Key quotes: "The period of extremely low volatility on financial markets has apparently come to an end, bu ...

Goldman Sachs raises US 10-year Treasury forecast to 3.25

Goldman Sachs is on the wires and has raised their forecast for 10-year Treasury notes to 3.25% by the end of 2018. Key highlights: Up from the previous forecast of 3%. Citing strong global growth. Anticipating quarterly rate increases from Fed. Also see German Bunds up to 1.0%, UK Gilt ...

NZ retail sales volumes were stronger than expected in Q4 – ANZ

Analysts at ANZ noted that the NZ retail sales volumes were stronger than expected in Q4, with retail discounting – especially across big-ticket items – continuing to have a key influence.  Key Quotes: "We have lifted our estimate for Q4 GDP from +0.5% q/q to +0.7% q/q. Whil ...

Fed’s Kaplan says his view of three rate hikes for 2018 as appropriate, but…

Fed's Kaplan has been taking questions in a Q/E session after speaking at the Board of Trade Event in Vancouver and when asked about the market reaction to FOMC minutes, he said that the Fed is doing a reasonably good job of communicating. Fed's Kaplan: Says view of three rate hikes fo ...

NZD/USD: 0.7310 to hold in the coming session?

  NZD/USD attempting to correct away from the key 0.7310 level. NZD/USD bulls slightly relieved on recent retail sales data.  NZD/USD has taken a walk tot he downside, piercing the ascending 21-hr SMA at 0.7330 and the move is significant as it has broken the ascendin ...

New Zealand Retail Sales (QoQ) came in at 1.7%, above expectations (1.4%) in 4Q