The New Zealand Dollar saw little change following the RBNZ rate decision where policymakers held rates, as expected, and signaled continued accommodation.
The South African Reserve Bank (SARB) faces a tough call at the end of the month amid the diverging paths for monetary policy.
News of a smaller Euro-Zone current account surplus in January won’t shift the focus from the trade imbalance between the bloc and the US that has angered Donald Trump.
The Japanese Yen remained near its highs for the day in the wake of news that the country’s official leading indicator ticked up in January, albeit very slightly.
Asian stocks followed their Wall Street counterparts sharply lower on Wednesday, with new worries about North Korea’s missile development adding to the gloom.
The Japanese Yen stopped rising against the US Dollar Wednesday following the release of policy-meeting minutes from the Bank of Japan and some stronger-than-expected trade data.
The an already beleaguered Australian Dollar got yet another headache as a key leading indicator of likely Australian economic strength wilted in February.
The new leader of the German Social Democrats is proving highly popular. That could spell trouble for Chancellor Angela Merkel in September’s Federal election, and therefore for the Euro.
The US current account deficit narrowed in the fourth quarter, according to the latest data from the US Bureau of Economic Analysis.
Asian stocks were mixed and a bit listless Tuesday, with a broadly weaker US Dollar weighing down the region’s exporters. Soaring Australian house prices were back in focus.
Australian house prices were very strong in the old year’s final quarter, but the Reserve Bank of Australia’s policy-meeting minutes reminded investors that the central bank sees risks in this very strength.
The British Pound got some support from news that house prices rose on the month in March. However, annualized gains remain much slower than they were before the Brexit vote.
Worries about the health of global free trade kept Asian stocks on the back foot as a new week got under way. The region’s great trading nations don’t want to see a more protectionist US.
With one week left to go until PM Theresa May triggers Article 50, sterling begins to move lower despite recent GBP supportive economic data.
So far at least, the British Pound has been largely unaffected by the debate over independence for Scotland and there’s no reason to expect that to change.
Crude Oil saw a sharp pull-back in price for most of March, which may be limited were it not for signals from Saudi of a potential supply cut extension.
Looking ahead to next week we are left searching for any major catalysts for stocks on the economic calendar. On that note, markets are likely to be technically-driven.
Counter-intuitively, perhaps, Sterling is trending higher as the UK government prepares to trigger Article 50 to begin divorce proceedings from the EU.
The bill allowing the UK government to trigger Brexit will likely clear its final hurdles as soon as tomorrow, allowing Prime Minister Theresa May to begin divorce proceedings then if she wishes to.
Global equity indices ended neutral to slightly off for the week. The ECB met on Thursday and held on their path for monetary policy as expected
A break of the yearly opening range keeps the focus lower with the decline now targeting initial support. Here are the updated targets & invalidation levels that matter.
With less than a month until Article 50 is expected to be triggered, the UK currency is coming under increasing downside pressure.
The UK House of Lords is set to pass an amendment Tuesday to the Brexit Bill, requiring Parliamentary approval of any final deal between the UK Government and the EU. However, it will likely be voted down in the House of Commons.
The price of Oil has fallen the second most in percentage terms in 2017 over the last week, but price support continues to align with the Bulls.