Markets Core bond yields stumbled yesterday. US yields dropped between 5.5 (2-yr) and 7.8 bps (30-yr) on a combination of slower than expected PPI numbers (negative even in the headline reading), a jump in weekly Read more…
Market sentiment was once again very different on both sides of the Atlantic. The European markets remained under the pressure of tense political environment in France and a 3% slump in April manufacturing production across Read more…
Daily Pivots: (S1) 155.84; (P) 156.61; (R1) 157.49; More… No change in USD/JPY’s outlook as range trading continues. Intraday bias remains neutral. On the downside, break of 154.53 will turn bias to the downside for Read more…
The Japanese Yen has taken a significant hit today, losing ground against all major currencies after BoJ refrained from detailing an immediate plan to taper its bond purchases. In the lead-up to the announcement, expectations Read more…
Key insights from the week that was. In Australia, headline results from the May Labour Force Survey were in line with Westpac’s forecasts. Growth in employment was solid in the month, up +39.7k (+0.3%), in Read more…
BoJ left uncollateralized overnight call rate unchanged at 0-0.10% as widely expected. In addition, BoJ will continue its asset purchase program until the end of June. The central bank, by an 8-1 majority vote, has Read more…
Key Highlights USD/JPY is holding gains above the 156.20 support zone. A major bullish trend line is forming with support at 156.50 on the 4-hour chart. Gold prices are again slipping lower toward the $2,280 Read more…
New Zealand’s BusinessNZ Performance of Manufacturing Index dropped from 48.8 to 47.2 in May, marking the sector’s 15th consecutive month of contraction. Looking as some details, production plummeted from 50.3 to 44.5, indicating a sharp Read more…
The NZDUSD pair climbed to a peak of 0.6217 before settling at 0.6170. The pair has faced resistance around the 0.6220 level, with attempts to break through being unsuccessful. On the daily chart, the Relative Read more…
NZDUSD reversed from key resistance level 0.6200 Likely to fall to support level 0.6100 NZDUSD currency pair recently reversed down from the key resistance level 0.6200 (which has been reversing the price from February). The Read more…