When are the RBA minutes and how could they affect AUD/USD?

RBA minutes overview The minutes from the RBA Board’s April meeting are due at 11:30amSyd/9:30am Sing/HK, after the RBA, as widely expected, left the official cash rate at 1.50% at its latest meeting, unchanged yet again.  "Markets price negligible risk of a cash rate increas ...

AUD/JPY can’t find the momentum to retake 84.00

Risk appetite is looking balanced this week as the Aussie and Yen struggle to make headway against each other. Tuesday sees China data that could drive the broader Asia session. The AUD/JPY is holding near 83.35 in the early Tuesday markets, heading into a densely-packed Asia session. The pai ...

Trump announced two nominations to the Fed board – Nomura

Analysts at Nomura explained that President Trump announced two widely-anticipated nominations to the Federal Reserve Board today. Key Quotes: "Richard Clarida has been nominated as Vice Chair of the Board, taking the seat last held by Stan Fischer." "Clarida has both academic an ...

US delays fresh sanctions on Russia – Reuters

According to reporting by Reuters, Trump's administration has delayed new sanctions against Russia. Key quotes: Trump's administration is "unlikely to approve them unless Moscow carries out a new cyber attack or some other provocation, a senior administration official said o ...

Forex today: calmer, dollar/rates down, rethinking the Trump trade again

Forex today was calmer on Monday in both the European and US sessions with markets less concerned over Syria and instead preferred to concentrate on macroeconomic and Central Bank outlooks. On Wall Street, the focus was on corporate earnings.  There s some early concern in rhetoric from Russi ...

NZD/USD: strength to be faded? – ANZ

Analysts at ANZ noted that the kiwi held in a reasonably tight range overnight, as it awaits the next catalyst for direction. Key Quotes: "Today’s Chinese activity data will be watched, but ultimately it is the USD that will hold sway." "We are still of the mind that an ...

AUD/USD grinding higher ahead of RBA Minutes, China GDP

Aussie trading slightly higher as the USD recedes. Markets are spinning up their bullish sentiment, but heavy data looms ahead for the week. The AUD/USD is trading softly ahead of a busy Asia session, testing near 0.7780. The Aussie opened the new week on a sustained note as markets recovere ...

Fundamental wrap: markets reverse risk-off Friday

From a fundamental basis, the markets have got on with it on Monday, shrugging off the Middle East risk and have prefered to focus on earnings on Wall Street that have got off to a good start for Q1 while markets assess the outlook for Central Banks, the reflation trade and the globa ...

Wall Street: risk on with earnings, benchmarks 1% higher around 50-D SMA

Markets are risk-on and the Dow Jones Industrial Average has just rocketed through a key watched level for the first time in more than a month.  The DJIA  has climbed by 1.3% to 24,664 and through the 50-day MA located at 24,623 currently. Similarly, the S&P 500 is up by 1.1% o ...

EUR/USD flirts with 1.24 amid Russian sanctions uncertainties

The US dollar weakness is bringing EUR/USD up, close to 1.24 handle. Uncertainties over Russian and Chinse sanctions weigh on the greenback.  The EUR/USD is trading in the 1.2380 region up 0.36% on the first day of the week as the US dollar weakness and the geopolitical-tense contex ...

United States Total Net TIC Flows registered at $44.7B above expectations ($26.1B) in February

United States Net Long-Term TIC Flows came in at $49B, above expectations ($43.3B) in February

Key developments on Global market’s wrap – ANZ

Analysts at ANZ noted the key developments from the overnight session, European and US. Key Quotes: "Overnight global markets moved on from the missile strike in Syria at the weekend. US bond yields edged higher, while the stock market gained on positive US data, central bank speakers, an ...