Reserve Bank of New Zealand
The RBNZ decision to hold the OCR steady at 2.25% pummelled the AUDNZD, much to the delight of Governor Wheeler. The move to stay steady comes on the heels of the abysmal New Zealand Trade Balance result of 117M. As a result, the plunge to 1.0991 will likely be...
Bank of Japan
The Bank of Japan held off from expanding monetary stimulus on Thursday, defying market expectations for action even as soft global demand, an unwelcome yen rise and weak consumption threatened to derail a fragile economic recovery. The yen soared and Japanese stocks slumped as the BOJ's inaction caught investors off...
FOMC - Janet Yellen
The bearish sentiment towards the Dollar descended to new depths during trading on Tuesday following a slew of tepid data from the States which rekindled concerns over the health of the world’s largest economy. Although durable goods orders were positive, it still missed expectations at 0.8% while consumer confidence...
SWISS FRANC
An impending corrective movement for the USDCHF could see the pair retreat to its recent bottom at 0.9501. The formation of a Three Drive pattern after the recent Zig-Zag movement could undo the hard-won gains the Dollar has made on the Franc. Consequently, both US and Swiss indicator results...
Barclays
Barclays reported a worse than expected 33 percent slump in pretax profits for the first three months of the year, as the lender followed its U.S. peers in reporting falling investment banking revenues in a weak global market environment. Barclays said first quarter pretax profits fell to 793 million pounds,...
Employee at Steel Plant China
Iron ore and steel futures in China fell again on Wednesday as authorities raised trading costs to deter speculative investors believed to be behind last week's big spike in prices and volumes, which had raised fears of a destabilising crash. The Dalian Commodity Exchange increased the transaction fees on steelmaking...
Brexit Fears
Another leading international economic body joined calls for Britain to stay in the European Union on Wednesday when the head of the Organisation for Economic Co-operation and Development said a so-called Brexit would hit the workers' pockets. Leaving the EU would cost the average working Briton the equivalent of a...
US DOLLAR
A potent dose of anxiety from the steep decline in oil prices sent global stocks tumbling during trading on Monday with most major markets flung into red territory ahead of the heavily anticipated central bank meetings. Although European markets unexpectedly snapped their losing streak in Tuesday’s session, the short-term gains...
US DOLLAR
The interest rate markets are exerting a downward pull on EURUSD, which for the moment it’s doing its best to resist. US interest rate at the short end have been rising of late (2Y up 13bp past two weeks), but the dollar has been reticent to react in a...
British Pound US Dollar
Despite an encouraging rally over the past week or so, the Cable looks relatively set to be taking a plunge back to the recent low at 1.4049. Specifically, the formation of a Gartley pattern, as the pair reaches the upside constraint of its sideways channel, could be indicative of...