Colombia stocks lower at close of trade; COLCAP down 0.45%

Investing.com – Colombia stocks were lower after the close on Tuesday, as losses in the Industrials, Investment and Financials sectors led shares lower. At the close in Colombia, the COLCAP lost 0.45% to hit a new 6-months low. The best performers of the session on the COLCAP were Promigas ...

AUD/USD hits fresh highs but remains below 0.7100

AUD/USD rebounds after finding again support at 0.7055.  Aussie recovers as Wall Street indexes trim losses, easing pressure on EM and commodity currencies.  The AUD/USD printed a fresh daily high recently at 0.7089 and near the end of the session was holding close to the top, with ...

Risk-off markets and heavy selling pressure in equities – ANZ

In a market wrap, analysts at ANZ Bank New Zealand Ltd explained that equities were under heavy selling pressure with the S&P down 1% at the time of writing as earnings reports weighed.  Key Quotes: "That brought the month’s losses for the index to almost 7%, nearly erasing YT ...

Stocks – Dow Down, but Claws Back Bulk of 548-Point Slump

Investing.com - The Dow closed lower, but clawed back most of its big intraday losses as bargain-seeking investors swooped in on a handful of beaten-down companies offsetting weakenss in industrials. The Dow Jones Industrial Average fell about 0.5%, but closed well above its session low o ...

EUR/USD Technical Analysis: Lack of bearish enthusiasm near October lows

EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart.  EUR/USD bear tried to break below 1.1430 (the October low) but the market rebounded from the support level. The lack of bearish conviction near the monthly low can be seen as bearis ...

Fed’s Kaplan: Should be gradually moving to neutral policy

Dallas Fed President Robert Kaplan recently crossed the wires saying that the Fed should continue to gradually move to the neutral policy. Kaplan further added that the lower half of the 2.5%-3.5% could be seen as neutral, as reported by Reuters.

USD/MXN likely to stabilise below 19.00 – Commerzbank

According to You-Na Park analyst at Commerzbank, the trade agreement between the US, Mexico and Canada should benefit the peso and turn the focus more on domestic issues, such as high inflation and the inauguration of the new president in December. They expect the Mexican peso to appreciate in th ...

Fed’s Bostic: Would favour 4th rate hike this year

Additional comments from Atlanta Fed President Raphael Bostic continue to cross the wires with key quotes, via Reuters, found below. Would favour 4th rate hike this year. Equity sell-off will prompt him to start asking businesses if they are seeing weakness in real economy develop. Stron ...

Gold off highs, still heads for the highest close in almost three months

Yellow metal losses momentum during American session as US yields rebound and Wall Street trims losses.  The rally found resistance below $1,240 and pulled back to $1,230.  Gold jumped to $1,239/oz earlier today hitting the highest level since July 17 and the pulled back trimmin ...

USD/MXN reverses after hitting 7-week highs

USD/MXN hits monthly high at 19.46 and erases gains.  MXN peso remains under pressure, recovers some ground as Mexican yields retreat modestly from multi-year highs.  The Mexican peso erased daily losses against the US Dollar during the last hours and recently hit a fresh daily high ...

Dollar Falls as Yen Rises; Sterling up on Brexit Deal Hopes

Investing.com - The dollar fell against its rivals Tuesday as risk-off sentiment boosted the yen, while a rise in sterling also weighed amid reports the EU may offer UK Prime Minister Theresa May a UK-wide customs union to clinch a Brexit deal. The U.S. dollar index, which measures the greenbac ...