AUD/USD loses the 0.75 key level, further downside could be on the cards

Aussie slipping on mixed China figures, wages could bring more of the same. Australian employment rates on Wednesday will be the number to watch this week. The AUD/USD is trading near 0.7470 after sliding further back on Tuesday, stooping below the 0.7500 major level. Chinese production figure ...

Data events from overnight: US data releases solid, uk labour strong – ANZ

Analysts at ANZ explained the data events overnight for the US and European trade. Key Quotes: "US data releases were solid, implying the economy is accelerating in the early stages of Q2. Retail sales rose in line with expectations but with upward revisions; Empire Manufacturing rose sharpl ...

Market wrap: greenback steals the show – Westpac

Analysts at Westpac explained that the US dollar had tracked higher in Sydney trade Tuesday, with emerging market currencies under particular pressure, adding that this continued in London and NY, with the greenback’s gains extending on US data. Key Quotes: "US retail sales poste ...

South Korea Unemployment Rate down to 3.8% in April from previous 4%

EPA, Trump administration looking to relax fuel efficiency standards – Reuters

The Trump administration is going ahead with plans to make a series of changes to fuel efficiency requirements soon, as reported by Reuters. Key quotes “The U.S. Transportation Department has drafted a proposal likely to be made public this month that would freeze vehicle requirements at 202 ...

Peru stocks higher at close of trade; S&P Lima General up 0.13%

Investing.com – Peru stocks were higher after the close on Tuesday, as gains in the Banking&Financials, Food&Beverages and Telecoms sectors led shares higher. At the close in Lima, the S&P Lima General added 0.13%. The best performers of the session on the S&P Lima General were ...

Wall Street stocks, bonds and gold drop as investors turn to the US dollar

The 10-year Treasury yield benchmark shot up to its highest level since summer 2011. US stocks, bonds, and gold fall as investors turn to the US dollar.  The prospect of at three to four Fed rate hikes in 2018 is enticing investors to dump risky assets and favor cash.  The three mai ...

Bitcoin Falls 4% as Traders Await Further Catalysts to Determine Direction

Investing.com – Bitcoin fell on Tuesday as traders remained reluctant to initiate bullish bets on the popular crypto amid a lack of meaningful data. Bitcoin fell 4.16% to $8,516.4 on the Bitfinex exchange after hitting a session high of $8,877.0. Bitcoin’s narrow $450 trading range on ...

United States API Weekly Crude Oil Stock: 4.854M vs -1.85M

Mexico stocks lower at close of trade; S&P/BMV IPC down 0.56%

Investing.com – Mexico stocks were lower after the close on Tuesday, as losses in the Materials, Consumer Goods&Services and Telecoms Services sectors led shares lower. At the close in Mexico, the S&P/BMV IPC declined 0.56%. The best performers of the session on the S&P/BMV IPC were ...