Japan Money Supply M2+CD (YoY) came in at 3% below forecasts (3.1%) in July

Japan Foreign bond investment up to ¥1171B in August 3 from previous ¥526.5B

Japan Foreign investment in Japan stocks fell from previous ¥-63.4B to ¥-225.2B in July 3

Japan Machinery Orders (MoM) came in at -8.8% below forecasts (-1.3%) in June

Japan Machinery Orders (YoY) below forecasts (9.5%) in June: Actual (0.3%)

NZD/USD bears in control, now looking to 0.6616

NZD/USD is pretty much unchanged after the RBNZ presser. NZD/USD had plummetted down to 0.6698 on the basis that the RBNZ lowered its OCR forecast, dropping from 0.6743. The bird remains at the lower end of the 0.67 handle, but crucially, the price is below the 0.6720 prior support level Ther ...

US ‘not willing to wait’ for moves from North Korea – Reuters

As reported by Reuters, US ambassador to the UN Nikki Haley is warning that the US is not willing to wait very long for North Korea to begin making moves on denuclearization. Key quotes "At a landmark summit in June, North Korean leader Kim Jong Un and U.S. President Donald Trump pledged t ...

United Kingdom RICS Housing Price Balance in line with forecasts (4%) in July

RBNZ gives off an unambiguously dovish signal – ANZ

Analysts at ANZ offered their review of today's key event that came as the RBNZ which lowered its OCR forecasts sending the Kiwi down to test 0.67 the figure. Key Quotes: "The RBNZ held the OCR at 1.75% as expected and reaffirmed that “the direction of our next move could be up o ...

US sanctions Russia over nerve agent attack – Bloomberg

As reported by Bloomberg, the US government has imposed trade sanctions on Russia in response to the chemical nerve agent attack that took place in the UK in March targeting former Russian double agent Sergei Skripal and his daughter. Key quotes "The sanctions are required under the 199 ...

RBNZ: the doves fly … too high – TDS

Analysts at TD Securities explained that the RBNZ left the cash rate at 1.75% as widely anticipated, but the forward guidance was unexpectedly dovish, with "We expect to keep the OCR at this level through 2019 and into 2020. Key Quotes: "The direction of our next OCR move could be up o ...

AUD/USD fighting to maintain ground above 0.74

The Aussie is trying to shake off bearish sentiment, sticking close to the week's highs despite thin momentum. China data due data is the last barrier before Friday's RBA showing. The AUD/USD is trading near Wednesday's highs, testing near 0.7440 after a mild dump into 0.7400 a ...

RBNZ Press Conference: rate outlook “balanced”

The Reserve Bank of New Zealand's (RBNZ) Governor, Adrian Orr, is speaking at a press conference following the central bank's rate statement earlier. Key highlights NZD exchange rate has been lower, wants to see further declines to boost exports. New Zealand growth "will pic ...

Crude Oil WTI Technical Analysis: Worst daily decline since mid-July

Crude oil melted about $2.5 this Wednesday as it broke below the $67.00 psychological level and the swing low at $66.92 a barrel. This is the worst daily decline since July 16.  Bears objective is to breakout below 66.30, July 18 low in order to open the gates towards June 18 low a ...