Japan Industrial Production (YoY) below expectations (5.2%) in January: Actual (2.7%)

Japan Retail Trade (YoY) below forecasts (2.1%) in January: Actual (1.6%)

Japan Industrial Production (MoM) below expectations (-4.2%) in January: Actual (-6.6%)

Japan Large Retailer’s Sales came in at 0.5%, above expectations (0.4%) in January

Japan Retail Trade s.a (MoM) came in at -1.8%, below expectations (-0.6%) in January

Forex today: markets adjust for a change in March’s dot plot

  Forex today was seeing a stronger dollar and higher US yields on the back of an optimistic rhetoric from Fed's gov. Powell who was answering questions in Congress during his first testimony in the NY session. What really gave the dollar a boost was his statement saying tha ...

Powell’s personal outlook for the economy has strengthened – Westpac

Analysts at Westpac explained that Powell left a positive assessment of the US economy. Key Quotes: "On the back of December’s tax package and the subsequent spending extension, Chair Powell put forward a very positive view on the US economy." "That said, he als ...

AUD/USD retreats to 200-day SMA as downside potential grows

The Aussie shifts lower as Powell talk boosts USD. Fed chairman testimony driving majors across markets. The Aussie spent most of Tuesday's trading session falling, and heads into Wednesday on a low point, near 0.7790. With a notable lack of impactful macro releases for the Aussie so fa ...

US GDP tracking update – Nomura

Analysts at Nomura explained their GDP tracking update. Key Quotes: "From the Census Bureau’s preliminary durable goods orders report, core shipments of capital goods were slightly stronger than we expected in January, implying more business equipment investment.  From the advanc ...

NZD/USD: headed for a test of 0.7180 key level?

NZD/USD: new short-term low made. NZD/USD: Powell keeps the dollar bull's hopes alive on 90 handle, DXY. NZD/USD was taken down today on the strength in the US dollar during Powell's testimony that convinced markets that there will be aggressive rate hikes along the way based upon hi ...

US GDP 2nd estimate preview – Nomura

Analysts at Nomura explained that the Q4 GDP, second estimate os coming up this week. Key Quotes: "We forecast a 2.5% q-o-q saar print for the second estimate of Q4 real GDP growth (Consensus: 2.5%), implying a 0.1pp downward revision by the BEA from its advance estimate of 2.6%. Incoming dat ...

New Zealand Visitor Arrivals (YoY) fell from previous 3.9% to -0.5% in January

United States API Weekly Crude Oil Stock up to 0.933M from previous -0.907M