Rate cut bets on the rise for the RBNZ – Bloomberg

As reported by Bloomberg, markets are beginning to price in expectations of a further interest rate cut from the Reserve Bank of New Zealand (RBNZ) as swaps begin to climb in expectation of a rate slash between August and February. Key quotes "The chance of the Reserve Bank lowering th ...

United States Total Vehicle Sales came in at 16.72M below forecasts (16.8M) in August

USD/JPY Technical Analysis: Dollar bulls looking to claim high ground

USD traders have continued a bullish recovery against the safe-haven Yen from last week's low as Dollar flows continue to edge bullish despite "overbought" calls. NFP Friday looms ahead, action could tighten ahead of the major reading. A messy resistance range well into th ...

Australia AiG Performance of Services Index declined to 52.2 in August from previous 53.6

South Korea FX Reserves dipped from previous 402.45B to 401.13B in August

BoC to keep rates on hold – TDS

Analysts at TD Securities explained that they look for the BoC to keep rates on hold in September along with a universal consensus. Key Quotes: "The statement is likely to maintain an upbeat tone and repeat that further tightening will be warranted, in addition to showing comfort with th ...

Barnier: UK should seek a Canada-style deal – The Telegraph

The EU's lead Brexit negotiator Michel Barnier continues his onslaught against UK Prime Minister Theresa May's belly-up Brexit proposal this week, as noted by The UK Telegraph. Key quotes "Michel Barnier, the EU's chief Brexit negotiator, "made clear"to MPs on th ...

Canadian PM not likely to bend on NAFTA – Reuters

As reported by Reuters, Canadian Prime Minister Justin Trudeau stated that he will not be compromising in talks with the US over NAFTA renegotiations at the next round of talks this week. Key quotes " “No NAFTA is better than a bad NAFTA deal for Canadians and that’s what w ...

NZD/USD: how low can you go? August 2015 lows at 0.6235 eyed

NZD/USD is currently trading at 0.6550. It had dropped to 0.6540 from 0.66 the figure on dollar strength and outperformed the Aussie in NY after supply came in at 1.0975 in AUD/NZD to 1.0898 whereby AUD/USD dropped 79 pips in late Aisa and early European trade.  The Greenback booste ...

AUD/USD unsteady near 0.72 ahead of Aussie GDP

The Aussie is trapped near 0.72 as major pairs twist against an unsteady USD. The Aussie data train continues into Wednesday with an expected soft reading of the Australian GDP. The AUD/USD is cycling near the 0.7200 major level after some mild whipping action on Tuesday saw the Aussie-Dolla ...

Argentina Industrial Output n.s.a (YoY) above forecasts (-6%) in July: Actual (-5.7%)

Chile BCCH Interest Rate in line with expectations (2.5%) in July

Carney expected to remain as the governor of Bank of England until 2020 – FT

The FT has reported that Mark Carney is expected to extend his stay as governor of the Bank of England until 2020, after Theresa May backed a plan to maintain stability at the central bank through the turbulence of Brexit. "Mr Carney told MPs on Tuesday that he would be willing to stay a ...

Peru stocks lower at close of trade; S&P Lima General down 1.53%

Investing.com – Peru stocks were lower after the close on Tuesday, as losses in the Banking&Financials, Mining and Non-Metal Minerals sectors led shares lower. At the close in Lima, the S&P Lima General lost 1.53% to hit a new 6-months low. The best performers of the session on the S&P ...

ISM manufacturing index big beat and GDP tracking update – Nomura

Analysts at Nomura explained that the ISM manufacturing index rose to 61.3 in August, above expectations (Nomura: 57.5, Consensus: 57.6), from 58.1 in July.  Key Quotes: "Despite trade uncertainties, the ISM index reached the highest level since May 2004 and points to continued stron ...