Morgan Stanley goes short on AUD/JPY

Analysts at Morgan Stanley are suggesting a sell  bias on the AUD/JPY, targeting 79.00 from the 82.30 region, while their recommendation for a stop loss puts it near 83.30. Key quotes "We recommend selling AUDJPY this week.  The RBA is expected the sound relatively dovish in it ...

Japan Overall Household Spending (YoY) above forecasts (-1.6%) in June: Actual (-1.2%)

AUD/JPY push towards 82.00 could give way

The Aussie remains on-balance against the safe-haven Yen. Aussie rate statement due today is unlikely to drive much action. The AUD/JPY is trading near 82.25 after Monday saw tight consolidation as markets find little reason to bid up the Aussie, but risk aversion is also remaining subdued ...

United Kingdom BRC Like-For-Like Retail Sales (YoY) came in at 0.5% below forecasts (1.5%) in July

US renews sanctions on Iran, calls for talks get rebuffed – Reuters

Iran has coolly rebuffed suggestions to engage in talks by the US' national security advisor Michael Bolton while renewed sanctions against Iran after the US withdrawal from the Iranian nuclear accord. Key quotes "Hours before revived U.S. sanctions were due to kick in, White Hous ...

Australia AiG Performance of Construction Index up to 52 in July from previous 50.6

JOLTS preview: labor market remains less fluid – Nomura

Analysts at Nomura offered a preview of the next key jobs data from the US coming up tonight. Key Quotes: "Job openings remain near record levels this year as labor demand firms in an economy growing well-above potential. The job openings rate, at 4.3%, sits just 0.1pp below its historica ...

AUD/USD slipping away from 0.74 as the RBA rate call rounds the corner

The new trading week sees the AUD drifting on a lack of bullish sentiment. The RBA drops their latest rate call and statement, and traders will be looking to sniff out clues about the next move. The AUD/USD is trading near 0.7385 after Monday's market action failed to drive much momentu ...

Crude Oil Technical Analysis: Oil finds resistance below $70.00 a barrel

Crude oil found resistance just below $70.00 a barrel and the market dropped about $1 to the current price near 68.90.  Bulls need to keep the market supported above 67.72 if they want to keep the momentum going. Ideally, they should clear 70.00 and 70.53 in order to create higher high ...

Israel stocks higher at close of trade; TA 35 up 0.01%

Investing.com – Israel stocks were higher after the close on Wednesday, as gains in the Insurance, Financials and Banking sectors led shares higher. At the close in Tel Aviv, the TA 35 added 0.01% to hit a new 52-week high. The best performers of the session on the TA 35 were Israel Corp (TA:ILCO), ...

Waning US data surprises, yuan a key G10 driver – Westpac

Richard Franulovich, an analyst at Westpac explained that the relatively stronger growth and yield qualities of the US, Canada and the UK continue to compel the model to hold outsized long positions in the USD, CAD and GBP. Model themes: "The positive momentum in US data surprises is beginnin ...