AUD/USD falls to brand-new lows, the tumble continues below 0.75

AUD sinks into fresh lows with little hope on the horizon of a recovery. Aussie corrective phase was short-lived, Consumer Confidence unlikely to inspire for Wednesday. The AUD/USD knocked lower in Tuesday's trading, currently trading on the lower side of 0.7450. The Aussie tumbled into ...

Data/events recap – ANZ

Analysts at ANZ offered a data and event recap. Key Quotes: "US small business optimism remained elevated and job openings surged to a new record in March. NFIB rose to 104.8 with its Chief Economist noting “There is no question that small business is booming. Consumer spending, the ne ...

US CPI preview: expect a moderate increase – Nomura

Analysts at Nomura offered their outlook for the forthcoming US CPI data. Key Quotes: "We expect a moderate increase in April CPI. Our forecast for headline CPI inflation is 0.3% (+0.312%) m-o-m which translates into a 2.5% (2.544%) gain on a y-o-y basis." "As for energy and foo ...

NZD/USD: bears taking control below the 0.70 handle

NZD/USD has been hit by a stronger dollar of late, and overnight, Fed's Powell kept up the mantra, reiterating that the Fed’s plan to continue raising rates. NZD/USD dropped from 0.7030 to 0.6954 and this was the lowest since December 2017. Currently, NZD/USD i ...

New Zealand Electronic Card Retail Sales (MoM) registered at -2.2%, below expectations (0%) in April

New Zealand Electronic Card Retail Sales (YoY) down to 0.8% in April from previous 6%

Saudi energy minister: Saudi Arabia/OPEC will mitigate supply shocks

A Saudi energy minister spoke today to make a statement about energy prices and oil fluctuations Key highlights Saudi Arabia will coordinate with both OPEC and non-OPEC organizations/countries to mitigate any shortfalls in oil supply to avoid worsening market stability. Saudi Arabia is committed t ...

Mnuchin: Sanctions are effectively going in place ‘immediately’

The US Treasury Secretary Steven Mnuchin spoke about Iran sanctions following the US' withdrawal from the Iranian deal earlier. Key highlights Sanctions will remain in place until Iran's nuclear program is dealt with. Companies that have existing business in Iran will be given a wind-dow ...

China seen as a risk for AUD – AmpGFX

Greg Gibbs, Founder, Analyst, & PM, Amplifying Global FX Capital Pty Ltd explained that an Australian financial services company explained that there are domestic risks for the AUD coming from a slowing housing market, fallout from the Royal Commision into the financial sector, and ...

Gundlach: CPI over 2.25% will change the story

Jeffrey Gundlach, the founder of DoubleLine Capital LP, spoke during a webinar today and outlined his thoughts on the US CPI figures due Thursday. Key highlights Core CPI above 2.25% will change the entire inflation narrative. Peak economic momentum may now be behind us. Gundlach is bearish on th ...

Peru stocks lower at close of trade; S&P Lima General down 0.19%

Investing.com – Peru stocks were lower after the close on Tuesday, as losses in the Mining, Services and Electricity sectors led shares lower. At the close in Lima, the S&P Lima General lost 0.19%. The best performers of the session on the S&P Lima General were Empresa Agroindustrial ...

Wall Street stocks mixed as Trump withdraws the US from Iran deal

The US leaving the Iran deal can lead to geopolitical uncertainties. US stocks are trading slightly higher on the day as markets seem not worried by the news. The S&P 500 Index closed slightly lower at 2,671.92 down 0.1%, while the Dow Jones Industrial Average closed higher 0.1% a ...

Market wrap: Aussie drops on wave of dollar buying – Westpac

Analysts at Westpac explained that the Aussie fell from around 0.7515 at the Sydney close to 0.7450 in the London morning as part of a wave of US dollar buying against many currencies.  Key Quotes: "It later extended to 0.7434, a fresh low since June 2017. There was no obvious reaction t ...

Bitcoin Heads for Third Straight Daily Slump as Demand Stalls

Investing.com – Bitcoin fell for the third-straight day as demand for cryptos stalled following a recent spate of negative comments. Bitcoin fell 2.80% to $9,184.2 on the Bitfinex exchange to remain close to its intraday low of $9,045.3. Tentative selling pressure continued following renewe ...