New Zealand Dollar Currency NZD
A day after China’s twice-in-a-decade Communist Party Congress commenced, statistics out of China showed that the economy continued to grow above the government’s annual target, giving more confidence on President XiJinping’s leadership. However, the expansion was slightly softer relative to the previous quarter, with the Australian dollar falling slightly...
US markets once again saw record highs yesterday with IBM leading the way, posting its best one day performance since 2009, while banking stocks also performed well as yields edged higher after the Fed’s Beige Book survey painted a positive picture of the US economy despite the disruption caused...
New Zealand Dollar Currency NZD
Bank of America Merrill Lynch FX Strategy Research notes that its latest proprietary flows show officials selling the USD again last week, after having stopped the two weeks before. In addition, BofAML notes that its flows suggest more downside risk for NZD. "Despite some hedge fund demand, strong real money NZD selling continues,...
US Dollar Currency Yen
Talking Points: The U.S. Dollar continues to claw back towards a key resistance zone that runs from 94.08-94.30. Are we on the cusp of a bigger picture move of USD strength? It’s too early to say for certain, but if we do see that theme continue, AUD/USD and USD/JPY could be interesting for such scenarios. U.S....
US Dollar Japanese Yen
The Japanese yen has posted gains in the Wednesday session. Currently, USD/JPY is trading at 112.86, up 0.59% on the day. In economic news, the US publishes two key housing indicators. Building Permits is expected to slow to 1.25 million, and Housing Starts are forecast to remain unchanged at...
Janet Yellen - Federal Reserve
Earnings Season in Focus as Stocks Target New Highs US futures are pointing to another higher open on Wall Street on Wednesday, as companies prepare to report on the third quarter at a time when indices are hitting fresh record highs on an almost daily basis. Companies started reporting third quarter...
Oil Commodity
Brent oil prices rose to a three-week high on Wednesday as weekly U.S. crude inventories are expected to have fallen steeply and geopolitical tensions around oil-rich Iraq and Iran raised risk premiums. International benchmark Brent crude futures traded 54 cents higher at $58.42 a barrel at 1242 GMT, just after...
US Stocks
Don’t buy Your Dow 23,000 Souvenir Hats Yet The Dow Jones briefly tipped over the 23,000 mark, the first time this has every happened since the founding of the index. Although the Dow closed slightly below the historic high, it did continue its sequence of 50 record closing. Even though...
US Dollar Currency
The US Dollar can’t manage to continue growing, and the more attempts to rise it makes, the more doubts appear that it can really rise during this particular period of market fluctuations. The EUR/USD has clearly set a course for 1.20 and may resume falling only after reaching this...
Mark Carney
Will UK Inflation Data Alleviate Policy Makers Concerns? European equity markets are expected to open relatively flat on Tuesday, as we await some important inflation data from the UK and the eurozone, as well as appearances from Bank of England policy makers. It could be an important week for the UK...