Daily

  Fed members are divided over whether a rate-hike is needed soon according to the July FOMC Minutes. Although the minutes still paves the way for December rate hike, it is interpreted as more dovish because the general view of members monetary accommodation should be delayed until the accumulating of… read more

After waning to 0.7635, AUDUSD rebounded sharply to test 0.7750, the high from last week. This bullish move can be attributed to aggressive USD sell-off and surge oil price. The greenback recorded a six-week low at 94.35 on the Dollar Index due to the fading expectation of a Fed rate-hike… read more

The S&P500 made new record high, as Oil rallied for third session and Chinese stocks breaking higher after multi month consolidation. China A50 index futures increased 5% since Friday on rumours of PBOC’s stimulus and also playing catch up with global indices. The breakout is significant as price hovers above… read more

AUD/USD had a very  volatile end to the week with some very weak US retail sales offering a short lived rally back above 0.7700. The AUD/USD then proceeded to slump to day lows 0.7650 closing on a weak footing technically as charts are beginning to look toppy.   Profit taking… read more

 Another day, another stock market record as US equities climbed to new highs. Focus today will turn to the US retail sales which is the most important news event this week. Also EU industrial production for June will be released.   Currencies: USDJPY rallied overnight since it is directly correlated with the… read more

This Morning, RBNZ delivered a 25bp rate cut to 2.00%.  After the announcement, NZDUSD jumped 150pips to 0.7340. The rally results from the near-certainty of the rate cut and the Interest rate markets have been fully priced for this 25bp cut with a small chance of an aggressive 50bp cut…. read more

After testing 0.7660 resistance level in early trade, AUDUSD traded lower later in the Asian session Tuesday on weakening Business confidence and forecast of more aggressive RBA cuts from one of the big four banks. NAB now expect 2 rats cuts in 2017 bringing the RBA Cash Rate to 1.0%… read more

AUDUSD has traded inside a bullish structure starting from July27. Overnight, price hit the 0.7660 key resistance level, which has been tested five times in the past few weeks. So far the key level has held and we are steady at 0.7660 as we enter Tuesday Trade. NAB June Business… read more

The Australian Dollar finished weaker at Friday New York session to 0.7610 after posting 0.7663 high, as US employment data showed better than expected figures. 255k new jobs were created, posting strong back to back jobs data as previous month was also revised higher to 292k. Wage hourly earnings increased… read more

AUD/USD continued to grind higher overnight and has broken to fresh week highs this Friday morning at 0.7643. The USD continues to be weak and the Australian Dollar is taking advantage of this. The rebound in WTI OIL to $42 and stronger Global stock markets post the Bank of England… read more