China needs to expand capital markets, make more RRR cuts – China Press

According to the China Securities Journal, a business newspaper operated by the state-run Xinhua news agency, China should begin to make more direct steps towards opening up capital markets, as well as make RRR cuts to promote liquidity. Key highlights China should encourage more oversea ...

Australia AiG Performance of Services Index declined to 53.6 in July from previous 63

AUD/JPY hanging just above 82.00 as bulls slump

The Aussie is treading bearishly ahead of Australian Retail Sales. Disappointing trade figures for the AUD has seen the AUD/JPY fall back into recent lows. The AUD/JPY is trading just above the 82.00 technical barrier ahead of Australian Retail Sales figures. The Aussie touched into a two-wee ...

The Ready Reckoner is out – Westpac

Analysts at Westpac noted that the Ready Reckoner is out and that it assesses how recent data will affect the RBNZ's OCR forecast. Key Quotes: "The Ready Reckoner quantifies the impact of the various shocks that have hit the New Zealand economy since the last Monetary Policy Statement, i ...

South Korea Current Account Balance fell from previous 8.68B to 7.38B in June

US Senators introduce Russia ‘bill from hell’ – Reuters

US lawmakers have introduced a bill that seeks to impose stiff new sanctions on Russia and to head off further election meddling, as well as to punish Russia for its military activities in both Syria and Ukraine. Key quotes "The bill includes restrictions on new Russian sovereign deb ...

AUD/USD back into recent lows, Aussie Retail Sales in focus

The Aussie is stepping into familiar lows ahead of an Australian Retail Sales release. US NFP figures promise plenty of USD volatility to cap off the week. The AUD/USD pair is trading into recent lows near 0.7360 after seeing further declines on Thursday from the 0.7400 technical level. Th ...

Market wrap: BoE raises rates, risk mood poor – Westpac

Analysts at Westpac explained that the Bank of England raised its key rate to 0.75% as widely expected but sterling reversed gains on commentary indicating a very slow pace of tightening.  Key Quotes: "Risk appetite was poor in Europe but US equities brushed off trade war worries. U ...

Natural gas futures higher in U.S. trade

Natural gas futures were higher in U.S. trade on Thursday.On the New York Mercantile Exchange, Natural gas futures for September delivery traded at USD2.817 per million British thermal units at time of writing rising 2.14%.It earlier traded at a session high USD2.828 per million British therma ...

NZD/USD: US dollar surges across the board and kiwi on way to 2018 lows

NZD/USD has been broken below the descending supporting trend line of the 24th and 27th July lows. The Kiwi has been taken down as the US dollar surges across the board within the day's range of between 94.6100-95.1890. NZD/USD has been in direct supply since the 0.6796 highs when the pai ...

Day Ahead: Top 3 Things to Watch

Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow. 1. Another Strong Jobs Report Expected Trading direction at the start of trading Friday will be dictated by the July employment numbers. But given the recent economic data and assessment from the Federal Reserve, ...

Nonfarm payrolls coming up: expect a strong payroll gain – Nomura

Analysts at Nomura offered their snapshot preview of nonfarm payrolls coming up. Key Quotes: "We expect a strong payroll gain of 195k in July (Consensus: 192k), consistent with an economy growing well-above potential, and a healthy 0.22% increase in average hourly earnings (AHE), leaving th ...

USD/CHF Technical Analysis: USD/CHF eyeing the parity level ahead of US NFP

USD/CHF is trading up for the third consecutive day as the bulls managed to create a bullish reversal near the 0.9870 level. USD/CHF bulls are now trying to break through the 0.9950-0.9960 area as the gap between the 50, 100 and 200-period simple moving averages is widening, suggesting buildin ...