AUD/USD continues to consolidate near 0.7750

AUD/USD continues to amble near 0.7750 as Aussie institutions shutter for Labour Day. RBA rate statement slated for tomorrow,  RBA gov. speech, GDP figures to follow. The AUD/USD dropped at Monday's start, but the pair has clawed its way back and is currently holding just above th ...

Key events for the week ahead – Nomura

Analysts at Nomura noted the key events for the week ahead. Key Quotes: United States | data preview The week ahead We expect a 210k increase in February’s nonfarm payroll employment and a 0.2% m-om increase in average hourly earnings (AHE). ISM non-manufacturing index (Monday): We expec ...

NZD/USd holds in key support territory, 0.72 to give out?

NZD/USD bears looking to clean out stops at 0.7200? NZD/USD awaiting key data and trade war noise as a risk. NZD/USD is currently trading at 0.7239, down from a high of .0725 and a having made a low of 0.7229. The bird was unable to get over the line on Friday despite a weaker greenback while ...

EUR/GBP near 0.8950 on Merkal coalition, Italian election

Italian elections set for a hung parliament, 5-Star Movement takes a slight lead. Angela Merkel's successful coalition formation buoying Euro to start the week. The EUR/GBP sprung upwards to start the trading week but failed to capture any new territory, still trading underneat ...

Event risks ahead, looking busy for the Aussie this week – Westpac

Analysts at Westpac explained that Australia’s busy data week starts with Q4 company profits and inventories (also an estimate of aggregate wages etc), which will help shape forecasts of GDP (Wed).  Key Quotes: "Westpac looks for a commodity price-driven 4% q/q rise in profits and ...

EUR/USD bulls looking for a close above 1.2350

EUR/USD spikes despite hung parliament in Italy. EUR/USD headed test of closes above 1.2350? EUR/USD has spike don the German coalition news following a better bid Friday closing session in European and US markets where the dollar was beaten up and with there being a more neutral outlook give ...

Australia AiG Performance of Services Index down to 54 in February from previous 54.9

Political gridlock in Italy it is; election polls point to hung parliament

It looks like political gridlock in Italy as none of the coalitions or parties have been able to reach the 40 percent of votes needed to gain a majority in Rome. Italis 5 Star will be the largest single party according to the exit polls and looks like it gets the biggest share of votes, around 30 ...

Trade wars? – ANZ

Analysts at ANZ explained that the rhetoric has stepped up.  Key Quotes: "US Commerce Secretary Wilbur Ross downplayed impacts, noting that the cost increase will amount to less than a cent on a can of Coke or Campbell’s soup.  He announced that he expects about 100,000 jobs t ...

AUD/USD: further losses appear likely to 0.7650-$0.7700 – BBH

Analysts at Brown Brothers Harriman noted that the Australian dollar went into the weekend with a four-day losing streak.   Key Quotes: "It has weakened eight of the last 11 sessions. With the losses below $0.7740, it has given back more than 61.8% of the December-Januar ...

Market wrap: focus on the threat of US tariffs – Westpac

  Analysts at Westpac explained that market talk Friday remained focused on the threat of US tariffs but US equities were able to recapture some lost ground.  Key Quotes: "The US administration’s pledge to place tariffs on steel and aluminium import ...

Israel stocks lower at close of trade; TA 35 down 0.95%

Investing.com – Israel stocks were lower after the close on Sunday, as losses in the Communication, Biomed and Technology sectors led shares lower. At the close in Tel Aviv, the TA 35 declined 0.95%. The best performers of the session on the TA 35 were Azrieli Group Ltd (TA:AZRG), which rose 1.75% ...

Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.57%

Investing.com – Saudi Arabia stocks were lower after the close on Sunday, as losses in the Multi Investment, Insurance and Real Estate Development sectors led shares lower. At the close in Saudi Arabia, the Tadawul All Share fell 0.57%. The best performers of the session on the Tadawul All Share ...

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