NZD/USD: SHORT-TERM UPSIDE MOMENTUM IMPROVES – UOB In the opinion of FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang, NZD/USD could revisit the area north of the 0.6300 yardstick in the next weeks. KEY QUOTES 24-hour view:...
NZD/USD: SHORT-TERM UPSIDE MOMENTUM IMPROVES – UOB In the opinion of FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang, NZD/USD could revisit the area north of the 0.6300 yardstick in the next weeks. KEY QUOTES 24-hour view:...
USD/JPY RISKS A PROBABLE DROP TO 135.00 – UOB Further downside pressure carries the potential to drag USD/JPY to the 135.00 area in the short-term horizon, note FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang. KEY QUOTES...
US EQUITIES RALLY EVEN AFTER HAWKISH FED DECISION American stocks rose while the US dollar slipped in the overnight session after the latest interest rate decision by the Fed. As was widely expected, the Fed decided to hike interest...
DOW JONES FUTURES RISE AHEAD OF THE FOMC DECISION The Australian dollar moved sideways after the latest consumer inflation data. According to the Australian Bureau of Statistics (ABS), the headline inflation rose to the highest level in over 20...
GOLD PRICE FORECAST: XAU/USD BULLS EYE $1,732-33 HURDLE, FOCUS ON US DATA, FED Gold price rebounds towards 100-SMA resistance after a softer start to the key week. US dollar weakness underpins XAU/USD up-moves but risk-aversion tests buyers. US Consumer...
STEEL PRICES ADVANCE AS MONSOON SEEMS OVER IN CHINA, AUTO SALES ACCELERATE Steel prices have rebounded firmly as higher passenger vehicles retail sales escalate hopes for recovery. Russia is offering steel at lucrative discounts to cater mass market of Asia....
USD/JPY SURPASSES 135.50 AS DXY RECOVERS, FED’S PRE-ANXIETY HIT MARKET MOOD USD/JPY has crossed 135.50 as the DXY has rebounded firmly ahead of Fed policy. An interest rate decision by the Fed will widen the Fed-BOJ policy divergence. The...
RBNZ’S ORR: IN ADDITION TO THE REMIT REVIEW, WE ARE ALSO REVIEWING OUR RECENT PERFORMANCE Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr said on Tuesday that it is undertaking a review of its recent performance in conducting...
ASIAN STOCK MARKET: TRADES MIX AS S&P 500 LOSES TRACTION AHEAD OF FED POLICY, OIL SEES $100.00 Asian equities have displayed a mixed performance as investors are turning cautious ahead of Fed policy. A downbeat performance of various US...
AUD/USD RETREATS FROM MONTHLY HIGH BELOW 0.7000 ON DICEY MARKETS, AUSSIE INFLATION, FED EYED AUD/USD eases from five-week top, pares recent gains amid sluggish session. Growth concerns, pre-Fed chatters join anxiety ahead of Australia Q2 CPI to tame the...