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Article / Friday at 14:54 GMTThe US dollar is finishing the week with hefty gains against the commodity currency bloc while posting losses against the rest. Sterling is finsihing the wek almost unchanged from last Friday's close.Read the article
Article / Friday at 1:20 GMT
Morning Report APAC: Asian markets follow the US higherAsian markets extended their gains in early trade after US stocks rallied overnight, with the Nikkei up 1.6%.Read the article
Article / Thursday at 23:32 GMT
Today's Trade: ASX200 gets a boost from Wall StA strong US session overnight was driven largely by the passing of the Republican tax bill in the lower house. It now moves to the Senate.Read the article
Squawk / Thursday at 9:29 GMTBoth NZDUSD and AUDUSD stay bearish
The broad US dollar strength that was seen in October has faded in November, particularly with the USD weakening within G3, against the Euro and Japanese Yen.
BUT, the US$ has stayed firm against the Dollar bloc currencies of AUD, NZD and CAD.
For NZDUSD, early November upside correction activity has run its course, leaving bearish pressures from the bigger down trend from the summer.
This leaves a NZDUSD bear trend extension bias through mid-November.
Similarly, for AUDUSD, the bear trend evident from September has re-energized in the past week with surrender of the late October low.
Again, the threat for the balance of the month (and maybe into December), is for a far deeper bear move extension.
For more detailed technical analysis and screencast, go here:
Article / Thursday at 8:00 GMT
Morning Markets: Talking heads to set the toneThere's little economic data of note in today's European session but there'll be a whole host of central bankers out making speeches. So in the absence of hard facts we'll be listening to the chatter and reading between the lines.Read the article
Article / Thursday at 0:38 GMT
Today's Trade: ASX back in the redPerhaps it was too good to be true - the idea that the ASX could actually maintain a level over 6000. The index fell 0.3% this morning, reverting to type, with some blaming investors taking profitsRead the article
Article / Wednesday at 23:48 GMT
US inflation rises but traders doubt FOMC resolveMarket pricing says a hike is inevitable, but the yield curve continues to flatten. To achieve “escape velocity” and pull away from the support line, the USD will need to be underpinned by higher rates across the curveRead the article
Article / Wednesday at 22:43 GMT
US Wrap: Defiant USD stares down bearsThe US dollar started the day with losses and finished the session with gains, as US retail sales and CPI data reminded markets that the US economy was healthyRead the article
Calendar event / Wednesday at 15:30 GMT
US EIA Weekly Petroleum Status ReportpreviousforecastactualHigh Crude Oil Stocks, Net Chg (Bbl)+2.237M-1.4M+1.854MHigh Gasoline Stocks, Net Chg (Bbl)-3.312M-1.1M+0.894MHigh Distillate Stocks, Net Chg (Bbl)-3.359M-0.5M-0.799MMed Crude Oil Stocks (Bbl)457.143M458.997MMed Gasoline Stocks (Bbl)209.537M210.431MMed Distillate Stocks (Bbl)125.562M124.763MMed Total Prod Supplied (Bbl/day)21.301M19.755MMed Refinery Usage89.6%90.5%91%Med Total Prod Supplied, Net Chg (Bbl/day)+2.117M-1.546M
Article / Wednesday at 11:30 GMT
Weekly Bond Update: Saudi crackdown may represent an opportunityGood opportunities have arisen out of the widespread weakness seen in the Saudi bond market. Although investors should prepare to withstand a long period of volatility in the region as equilibrium is restored...Read the article