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Central bank watchers knew it would be a surprise if BOJ governor nominee Kazuo Ueda gave any substantial hints about how he will consider policy normalization. Ueda reiterated that the BOJ’s...
The Australian dollar rebounded on Thursday, after a 2-day slide in which AUD/USD lost 100 points. In European trade, AUD/USD is trading at 0.6830, up 0.37%. On Wednesday, the Australian dollar fell...
The New Zealand dollar remains in calm waters, with little reaction to the Reserve Bank of New Zealand’s rate hike or the FOMC minutes.The RBNZ raised rates by a half-point on Wednesday, as the...
Equity markets are heading for a positive start to the session, paring Wednesday’s gains as investors digest the latest Fed minutes.The usual caveat applies to the minutes, being that a lot of...
Glacial consolidationOil markets are continuing to consolidate, albeit at a glacial pace, and today we’re seeing prices creep higher just as they near the lows from earlier this month. While...
The New Zealand dollar jumped after the Reserve Bank of New Zealand meeting but has pared most of these gains. In the European session, NZD/USD is almost unchanged at 0.6216.RBNZ hikes by 50 basis...
The Canadian dollar has weakened on Tuesday. In the North American session, USD/CAD is trading at 1.3517, up 0.48%. Inflation drops, retail sales mixed Canada’s inflation rate dropped in...
The New Zealand dollar is slightly lower on Tuesday. NZD/USD declined over 0.50% earlier but has pared most of these losses and is trading at 0.6240, down 0.20%.RBNZ expected to hike by 50 bpThe...
Choppy trading continuesOil remains choppy this week with Brent and WTI slipping around 1% in early trade on Tuesday, wiping out similar gains at the start of the week. There is undoubtedly more...
It hasn’t been the most thrilling start to the week but the good news is that it should improve from here as the US rejoins and the economic calendar fills out.The fact that the calendar was as...
USD/JPY has started the week quietly as it continues to trade at the 134 line. It was a rough week for the yen, which declined by 2% and dropped as low as 135.11, its lowest level this year. The US...
Choppy trade continuesOil prices are bouncing back a little after slipping throughout the last week from their recent highs. The optimism around China today may be responsible for the gains...
Stock markets in Europe are treading water in thin trade at the start of the week amid a light economic calendar and a US bank holiday.It was always likely to be a slow day under the circumstances and...
The euro showed some volatility at the start of last week but since then it has been in calm waters and has stayed close to the 1.0.7 line.ECB signals another 50 bp hikeThe ECB has been criticized for...
Oil slides but remains in rangeWe’re continuing to see oil prices fluctuate, although recent choppiness has occurred largely near the upper end of their range since early December. Brent and WTI...
Equity markets are ending the week in the red after finally falling victim to the persistent disappointment of US economic data on Thursday.It’s taken a lot but it would appear investors’...
USThe latest round of economic data (retail sales, CPI, PPI, jobless claims) are all signaling more Fed rate hikes are coming. Wall Street will pay close attention to the flash PMIs, which could show...