Japan PM Abe popular with businesses, despite approval slide – Reuters poll

As reported by Reuters in one of their polls, Japanese business leaders strongly favor Prime Minister Shinzo Abe, despite the PM's slipping approval rating with the Japanese public. Key quotes "Out of 223 respondents, 73 percent wanted Shinzo Abe to win a third, three-year term as th ...

AUD/JPY positioned to decline further as Aussie suffers in the markets

AUD/JPY is trying to rebound after last week's decline. Soft-spoken RBA is dragging the AUD lower as broader markets continue to favour higher-interest USD and safe-haven JPY. The AUD/JPY is looking for some room to move in early Monday trading, pushing into 82.65. The pair ende ...

EUR/USD: bearish or bullish? – BBH

Analysts at Brown Brothers Harriman explained that after testing the upper end of the trading range (~$1.24) several times without success, the euro backed off.   Key Quotes: "It slipped to a two-week low near $1.2250 ahead of the weekend.  The rising short-term interest rat ...

Key events ahead? – Westpac

Analysts at Westpac noted the key events ahead to start the week. Key Quotes: "Australian calendar is light ahead of Q1 CPI on Tuesday." "In Asia, we will see Singapore March CPI, with market interest blunted by the fact that the MAS doesn't review policy again unti ...

New Zealand inflation to linger below 2%? – Westpac

Analysts at Westpac explained that global inflation is rising, and consumer price inflation in New Zealand is set to pick up over the coming year.  Key Quotes: "However, a sustained lift in inflation to levels close to the RBNZ's 2% target mid-point is still looking elusive." ...

Approval rating for Japan’s Abe falls three points

Japanese Prime Minister Shinzo Abe is continuing to get punished in approval polls across Japan following the Moritomo scandal. Key highlights Japan's government heads into Monday following Shinzo Abe's slip in two national approval polls. The Prime Minister's approval rating sunk t ...

NZD/USD: early demand for the bird, bulls protecting 0.7200

NZD/USD: bearish signals on the charts and the dollar remains bid. Bird needs to get above the 0.7280 level or risk below 0.7200. NZD/USD is currently trading at 0.7214 with a high of 0.7219 and a low of 0.7213, trading on the defensive after an extension of the downside.  In th ...

AUD/USD looking over the edge as 0.7650 comes back into play

The AUD starts the new week on a low note, and bulls will be scraping for positions. With a light schedule on the macro calendar for the early week, the Aussie will remain exposed to overall market sentiment. The Aussie tumbled against the Dollar last week as the Greenback staged ...

Market wrap: dollar higher, but why? – Westpac

Analysts at Westpac explained that the US dollar rose across the board Friday, backed by higher yields, but without an obvious news or data catalyst.  Key Quotes: "The rise in the US 10yr treasury yield that began on Wednesday extended into Friday’s New York close, from 2.91% t ...

Fundamental weekend sound bites: CAD, Yen and GBP related

There was three main weekend news for the forex space. Firstly, Brexit is back on the radar with a report in the UK Times, that UK Prime Minister might have to accept permanent membership of a European customs union. The PMS's team privately admitted to accepting permanent membership of ...

– ANZ

Analysts at ANZ explained that the Treasury yields continued to climb higher with the US 10-year rising 5bps to 2.96%.  Key Quotes: "The front end of the curve rose 3bps to 2.46%. With the climb in yields and the 10-year flirting with 3%, US equities fell. The NASDAQ led declines, dow ...

Dollar broadly higher, but NO breakout – BBH

Analysts at Bown Brothers Harriman noted that the US dollar was broadly higher last week. Key Quotes: "It seemed as if the inexorable rise in US interest rates may be beginning to give it some traction." "The US 10-year yield made a marginal new four-year high, creeping close ...