ECB September meeting affirmed the forward guidance set out in June – Westpac

Analysts at Westpac explained that the ECB September meeting affirmed the forward guidance set out in June and saw only minor changes to their activity forecasts. Key quotes: "Risks to the outlook continue to be described as ‘balanced’ but it is here Draghi touched on som ...

AUD/USD: positioned bullish although bulls cautious due to long upper wick

AUD/USD leaves a long wick on the daily sticks. In the 4 hours chart, technical indicators maintain their strong upward slopes at monthly highs. AUD/USD was faded overnight on a modest rally from 0.7167 that reached a high of 0.7229 resulting in a long wick on the candlestick which point ...

Key US data previews: eyes on retail sales and IP- Nomura

Analysts at Nomura offered a preview of the last key data for the US economy for this week. Key Quotes: "Import prices: Despite ongoing trade tensions, import price inflation will likely remain steady in the near term, and we expect steady readings for August import prices. While the US dolla ...

South Korea Export Price Growth (YoY) declined to 2.1% in August from previous 2.6%

South Korea Import Price Growth (YoY) fell from previous 12.2% to 10% in August

New Zealand Business NZ PMI up to 52 in August from previous 51.2

Gold: bulls chipping away, need a break and hld above 50-D SMA to start with

Gold has work to do on the upside - “Chances will lean to the downside on a clear break below the 1,200 figure." US CPI was weaker than expected with the headline at 2.7% y/y and core at 2.2%. the USD rally is near its peak as valuations are getting stretched an ...

BoE review – Nomura

Analysts at Nomura explained that the BoE have revised growth higher, but that there are increased concerns about protectionism, EM risks and Brexit uncertainty. Key Quotes: "Policy was left unchanged at today’s BoE meeting and the Bank believes that its economic forecasts ar ...

Peru stocks lower at close of trade; S&P Lima General down 0.29%

Investing.com – Peru stocks were lower after the close on Thursday, as losses in the Non-Metal Minerals, Banking&Financials and Electricity sectors led shares lower. At the close in Lima, the S&P Lima General fell 0.29%. The best performers of the session on the S&P Lima General were ...

US data and events wrap: – ANZ

Analysts at ANZ Bank explained that the US CPI was weaker than expected with headline at 2.7% y/y and core at 2.2%. Apparel costs were a big driver of the decline – but apparel will be caught square in the trade wars if Trump goes ahead with not only his proposed USD200bn of tariffs but hi ...

NZD/USD: bulls in control but 50% off its post US CPI miss highs

ND/USD turns higher on US CPI miss, (US CPI was weaker than expected with headline at 2.7% y/y and core at 2.2%.), - Key support is located at 0.6470 while resistance comes in at 0.6640.  The NZD is a touch higher and could potentially continue to grind a little further today but w ...

Global market wrap – mixed sentiment – TDS

In a market wrap, analysts at TD Securities explained the market sentiment was mixed. Key Quotes: "Market sentiment was mixed as reports of further progress on Brexit were accompanied by more rhetoric from President Trump on US/China trade tensions ahead of another round of talks. US equitie ...

Day Ahead: Top 3 Things to Watch

Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow. 1. Consumer and Retail Lead Economic Calendar Shopping takes the spotlight in economic indicators with numbers on retail sales and consumer sentiment arriving. The Commerce Department issues its retail sales data ...

US Dollar Index Technical Analysis: This looks like a bull trend about to end

The US Dollar Index (DXY) is still technically in a bull trend, however, the trend is starting to show signs of weaknesses. DXY is essentially at the same price as in late May of this year.  DXY is failing to make higher highs since August 15, it is trading below its flat 50-day simpl ...