AUD/USD regains its balance, but still trapped below 0.7100

Overnight/Asian markets see restrained volumes for another day. Data-thin week for the Aussie sees the Greenback in control of the pair. The AUD/USD remains trapped beneath the 0.7100 technical barrier heading into Wednesday's Asia market session, testing into 0.7080 after cycling within ...

it was the US who saw the rally – Rabobank

Analysts at Rabobank noted the incredible bounce on Wall Street from overnight that came out of nowhere. Key Quotes: "Late in the day we got one of those inexplicable “I’ve been selling all day so now let’s rush to buy” moments, which obviously has nothing a ...

New home sales: preview: recent bounce seems transitory – Nomura

Analysts at Nomura offered a preview of the next key housing data from the United States. Key Quotes: "We expect a 0.6% m-o-m decline in new home sales to 625k saar in September following a rebound in August which appears transitory (Consensus: -0.6% to 625k).  New hom ...

S&P500 Technical Analysis: US Stocks reverse daily losses

The S&P500 is trading below its 200-day simple moving average (DSMA) which is considered bearish.  The S&P500 reversed earlier losses on Tuesday however the momentum remains bearish as the market is trading below its 200 DSMA and the indicators keep a bearis ...

NZD/USD:” To fly north or south?” the bird asks …

The Kiwi has been taking its cues from the ebbs and flows in risk, CNH & EM-FX and the greenback's performance.  NZD/USD is currently trading at 0.6553, slightly off from the 0.6569 highs and up from the 0.6534 lows.  Technically, NZD/USD is at a crossroads with th ...

Wall Street closes in red despite a late rebound

Energy loses more than 2.5% on Tuesday. Industrials & materials extend the slide. Communication services turn green in the second half of the session. Major equity indexes in the U.S. opened the day sharply lower as the heavy losses seen in global equity indexes weighed on the marke ...

The EU has officially rejected Italy’s draft 2019 budget – ANZ

The EU has officially rejected Italy’s draft 2019 budget, asking it to be resubmitted with a more sustainable path for fiscal settings, including a smaller structural deficit. Key Quotes: "Italy has three weeks to comply. Under the Stability and Growth Pact, addressing excessive deb ...

United States API Weekly Crude Oil Stock climbed from previous -2.1M to 9.88M in October 19

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 ...

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 ...

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.