Forex today: improved risk sentiment, dollar, yields and stocks higher

Forex today was lead by optimism in the equities despite a focus on President Trump's tariff plan. There is resistance from within his own party to such plans and that is fueling some doubt over whether any of this will actually go through. Speaker Paul Ryan is not supporting the plan ...

South Korea Current Account Balance down to 2.68B in January from previous 4.66B

Australia Retail Sales: how will the Aussie react?

Aussie retail sales overview Australia will see the release of January's retail sales figures today at 00:30 GMT, and despite the Reserve Bank of Australia (RBA) dropping their Interest Rate Decision later at 03:30, the markets have already priced in a lack of movement from the RBA, so focu ...

NZD/USD: bearish bias towards 200-D SMA, or 0.7200 to hold?

NZD/USD headed for a test below 0.7200? 200-D SMA eyed. NZD/USD was in a chop around the 55-D SMA again overnight within a narrow range, currently, NZD/USD is trading at 0.7226, down -0.01% on the day, having posted a daily high at 0.7230 and low at 0.7224.  opening around 0.7230 in the U ...

OPEC/non-OPEC alliance is open to all producers – OPEC’s Barkindo

The Secretary-General of OPEC, Mohammed Barkindo, is out with comments about the current state of the oil production marketplace and OPEC's hopeful outlook on an oil production alliance heading forward. Key highlights: Everybody is benefitting from OPEC's output reductions. Deman ...

US Indexes lift on Monday, find confidence amidst slide

Wall Street closes higher as lawmakers work to stifle Trump trade tariff threats. The positive Markit, ISM PMIs lending a hand as equities gain some confidence. Wall Street found some much-needed support on Monday following the US President's recent enflaming remarks about instigating ...

US tariffs and NAFTA, CAD and MXN – BBH

Analysts at Brown Brother Harriman explained that the Canadian dollar trended lower against the peso as it corrected from the sharp sell-off induced in great measure to the candidate Trump's rhetoric against Mexico.   Key Quotes: "However, shortly before the inauguration, the pes ...

Politically-driven volatility to emerge in coming weeks? – ANZ

Analysts at ANZ explained that Italy’s inconclusive election results are in and now the waiting game starts.  Key Quotes: "There are certainly a number of permutations that could transpire. The first focus is likely to be if a centre-right coalition (c 37% of the vote) can form ...

Day Ahead: Top 3 Things to Watch

Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow 1. Fed Speakers, Factor Orders On Tap With just under three weeks until the Federal Reserve’s interest rate decision – widely expected to show Fed members agreed to hike rates by 0.25% - investors are likely ...

Ripple Gives Up Gains As Coinbase Rumour Fades, Bitcoin Nears 2-Week Highs

Investing.com - Ripple (XRP) gave up some of its earlier gains which followed speculation that exchange Coinbase would add the cryptocurrency to its platform. Ripple XRP rose nearly 10% to a session high Monday of $1.09 before paring gains to trade around $0.96547, up just 2.35%. This is not th ...

USD/CAD almost at 1.3000 after breaking the triple-top on trade tensions

The USD/CAD is trading above C$1.2990, getting very close to the round number of 1.3000. Tensions between Canada and the US over tariffs weigh heavily on the Canadian Dollar. The pair made a decisive technical move above the triple-top of 1.2920. The USD/CAD is trading just above $1.2990 ...

This week is jam packed with Aussie data – Westpac

Analysts at Westpac explained that Australia’s calendar this week is jam-packed.  Key Quotes: "Normally the RBA would be the key event but this week it’s probably GDP that will be most market-sensitive. In a flurry of comments in February, the RBA made clear that it does no ...