US Fed’s Kaplan: accomodation should be removed gradually

Dallas Fed head Robert Kaplan spoke with reporters today in Florida, giving his thoughts on the US rate situation. Key highlights Energy price volatility is going to increase. Labor force slack is beginning to work itself out. 2018 should still be minimum three rate hikes. Symmetrical inflatio ...

Japan Overall Household Spending (YoY) came in at -0.7%, below expectations (1.1%) in March

New Zealand shadow board sees rates unchanged

New Zealand's shadow board has made their recommendation to hold interest rates at 1.75%, with little surprise to markets. The Reserve Bank of New Zealand (RBNZ) will be making their official rate statement on Thursday. Key highlights Businesses remain pessimistic about the New Zealan ...

EUR/USD: too early to presume stability below 1.2000 – AmpGFX

Greg Gibbs, Founder, Analyst, & PM, Amplifying Global FX Capital Pty Ltd explained that in recent weeks, EM has significantly underperformed the US and other major markets across currency, bond and equity markets.   Key Quotes: "Several higher-yielding EM currencies have fallen mor ...

AUD/USD flubs the correction, falls back into 0.75

Waffling Aussie looks to China trade data to provide a floor. Australian Retail Sales today already expected to disappoint. The AUD/USD knocked lower on Monday, and the pair is trading back into the 0.7500 level after failing to develop any legs on the recovery against the Greenback. The USD i ...

NZD/USD: awaits a catalyst, technicals are bearish below 10-D SMA

NZD/USD: glued within a tight range either side of 0.70 the figure. NZD/USD: inflation expectations in the RBNZ survey. NZD/USD has been testing territory back below the 0.70 handle in recent trade while consolidating within the sideways channel for the month of May. Currently ...

Market wrap: dollar rises modestly, Iran in focus –

Analysts at Westpac offered a market wrap, noting that the US dollar rose modestly against most major currencies, but in thin trade given the London holiday.  Key Quotes: "Much of the focus in holiday-thinned northern hemisphere trade was on the US decision on the Iran nuclear deal. U ...

Peru stocks higher at close of trade; S&P Lima General up 0.12%

Investing.com – Peru stocks were higher after the close on Monday, as gains in the Banking&Financials, Food&Beverages and Telecoms sectors led shares higher. At the close in Lima, the S&P Lima General gained 0.12%. The best performers of the session on the S&P Lima General were ...

Wall Street stocks slightly higher ahead of Trump’s Iran decision

Trump announces that he will announce its decision on the Iran deal on Tuesday at 18:00 GMT.  The US Dollar Index keeps pushing higher as market participants expect three to four rates hikes this year. The S&P 500 rose 0.3% to 2,673 while the Dow Jones Industrial Average gaine ...

Geopolitics: noteworthy event risk coming into view – Westpac

Analysts at Westpac noted that there is some noteworthy event risk coming into view that will likely have an outsized impact on risk appetite. Key Quotes: "1) President Trump has until May 12 to decide whether to recertify the Iran nuclear accord. Trump approved a 120-day sanctions waiver bac ...

Us data reviewed and previewed – Nomura

Analysts at Nomura reviewed today's US data and reviewed tomorrow's. Key quotes: "Consumer credit: Consumer credit rose $11.6bn in March following a $13.6bn increase in February. Revolving consumer loans, primarily credit cards, fell $2.6bn in March following a modest decline i ...

Bitcoin Falls as Regulatory Pressures, Buffett Bashing Weigh

Investing.com – Bitcoin rose from session lows but remained under pressure as investors digested fresh criticism from both Warren Buffett and Bill Gates, while renewed regulatory concerns also weighed. Bitcoin fell 1.87% to $9,410.9 on the Bitfinex exchange but remained above its intraday lo ...

Mexico stocks lower at close of trade; S&P/BMV IPC down 1.10%

Investing.com – Mexico stocks were lower after the close on Monday, as losses in the Materials, Industrials and Healthcare sectors led shares lower. At the close in Mexico, the S&P/BMV IPC declined 1.10% to hit a new 1-month low. The best performers of the session on the S&P/BMV IPC were ...