GBP/JPY recovers, resumes climbing for 152.50

The Sterling is being buoyed by confidence in a Brexit deal and hope for a May BoE rate hike. Little on the calendar leaves markets open to sentiment swings. The GBP/JPY is lifting in the overnight session, trading into 152.25. The pair fell into 151.70 from a session high of 152.60 i ...

No RBA rate hike anytime soon – Commerzbank

Commerzbank is out with an analysis note on why they think the Reserve Bank of Australia is even further out from a rate hike than most are expecting. Key highlights Inflation data unlikely to provide an argument for the RBA to hike rates any time soon. Inflation remains stuck to the lower bound o ...

Forex today: risk turns sour, dollar pressured, yields met the 3.00% mark

On a day where Trump hosted Macron and wires hitting about Iran, NAFTA and trade, forex today was seeing the dollar drop back from the 91 handle in the DXY while market's trade war angst heats up again on reports that CAT was warning of higher steel costs related to U.S. tariff ...

Doubleline Capital’s Gundlach: US Treasuries aren’t attractive

Jeffrey Gundlach, the head of Doubleline Capital, spoke in New York on Tuesday about his outlook on the US economy, among other things. Key highlights Core CPI, NY Fed underlying inflation gauge both suggest that US inflation will go higher. Gold has broken a major downward trendline, lik ...

AUD/JPY spins in place for a second day unable to mount the 83.00 handle

Wednesday is set for a quiet Asia session with little on the docket and Australia markets closed for the holiday. Japan data is mid-tier and unlikely to drive much action, though volumes will be thin and volatility could spike. The AUD/JPY is little-changed on the week, heading int ...

GBP/USD: 1.37’s to be tested? – Scotiabank

Analysts at Scotiabank noted that cable is steadier and intraday patterns do suggest a minor low developing around 1.3920 overnight. Key Quotes: "The GBP sell-off is perhaps due a modest recovery possibly towards the 1.4010/20 area." "However, the broader technical picture suggest ...

Peru stocks lower at close of trade; S&P Lima General down 0.06%

Investing.com – Peru stocks were lower after the close on Tuesday, as losses in the Mining, S&P Lima Juniors and Services sectors led shares lower. At the close in Lima, the S&P Lima General fell 0.06%. The best performers of the session on the S&P Lima General were Rimac Seguros y ...

US data recap, GDP tracker unchanged – Nomura

Analysts at Nomura reviewed the key US data from overnight and updated their GDP tracker. Key Quotes: "Case-Shiller home price index:  The 20-city composite Case-Shiller home price index increased 6.8% y-o-y in February, above expectations (Consensus: 6.35%). Cities in the West continue ...

South Korea Consumer Sentiment Index declined to 107 in April from previous 108.1

Argentina Trade Balance (MoM) above forecasts ($-1100M) in March: Actual ($-611M)

United States API Weekly Crude Oil Stock climbed from previous -1.047M to 1.099M

NZD/USD: bears in control, aiming for 0.7105 on break out

NZD/USD: stuck in a consolidative range awaiting a catalyst. NZD/USD: technicals lean bearish, eyes on 0.7105 lows. NZD/USD has been trading in a consolidative range between 0.7105 and a high of 0.7131. Currently, NZD/USD is trading at 0.7118, down -0.41% on the day, having posted a daily hig ...