AUD/USD catches a foothold after being rejected from the 0.79 handle

AUD/USD droops following a bounce from 0.7825. Fed chairman Powell likely to influence USD bias during testimony. AUD/USD is drifting lower in the overnight session, dropping below the 0.7850 level. Monday turned out to be a pump-and-dump day, with the Aussie getting dragged up the charts b ...

PBoC might track Fed with rate hike if Fed hike in March

China Securities Journal/FXL reporting that the PBoC will likely raise interest rates in open-market operations in March should the Fed hike interest rates. likely to hike OMO rates by 5 basis points. (same as what it did on December 14 last year). Move won't have any majo ...

ECB’s Draghi: inflation will return to target – ANZ

Analysts at ANZ explained that ECB’s Draghi did not deviate from the published view while speaking at the European Parliament.  Key Quotes: "He highlighted broader growth momentum and a view that inflation will return to target. In saying that he did note that “Given th ...

NZD/JPY: Kiwi data disappoints, pair retreats to 78.00

The Kiwi slips on mixed data after climbing Monday. BOJ talking down Yen still impacting overall market sentiment. NZD/JPY slipped lower to end Monday's trading after moving flat through New York and is currently retreating to the 78.00 handle. The Kiwi tumbled at Monday's star ...

Forex today: Central Bank divergence supports focus for 90.00 DXY

Forex today was consolidating the dollar's attempts to reclaim the 90 handle on Central Bank divergences once again, with the DXY making a high of 90.05 but unable to hold onto the territory despite US yields picking up as the session went by.  Markets are looking ahead to tomorrow' ...

USD/JPY looking to capture and hold 107.00 ahead of Tokyo

USD/JPY still rebounding following Monday's decline on Kuroda's words. Markets have rebounded from risk sell-off, but Powell testimony may swing sentiment. USD/JPY has begun the overnight session under pressure while trying to reclaim the 107.00 handle.  The pair plunge ...

NZD/USD a tad lower on the trade balance data

NZD/USD probed 0.7345 in London before retracing to 0.7310 ahead of the NZ trade data today that arrived with a balance of -566m vs the prior 596m surplus that was revised from a 640m surplus. Exports/Imports: Exports 4.31bn were a miss vs the expected 4.58bn. The prior was revised to 5.49bn fro ...

New Zealand Imports above expectations ($4.6B) in January: Actual ($4.87B)

New Zealand Exports came in at $4.31B below forecasts ($4.58B) in January

New Zealand Trade Balance (YoY) came in at $-3.22B, below expectations ($-2.711B) in January

New Zealand Trade Balance (MoM) above expectations ($-2710M) in January: Actual ($-566M)

US Treasury Sec Mnuchin: we do not set policy to impact the US dollar

US Treasury Sec Mnuchin is crossing the wires and he reiterates previous comments that a strong dollar is good for the US: Mnuchin:: we do not set policy to impact the US dollar. Mnuchin: Treasury’s top focus is the implementation of the tax law.

Wall Street trims Black-Monday’s sell-off

US indexes gain strongly as bonds recovery extends, with yields down for a third consecutive day. US core PCE inflation and Powell's testimony before the Congress to take their toll on equities. Wall Street's advance was quite solid ever since the day started, persisting all throug ...

South Korea Consumer Sentiment Index down to 108.2 in February from previous 109.9