Friday, May 06, 2016
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AUD/USD cracks 0.74 on dovish RBA SoMP, 100-DMA eyed

The AUD battering continues as we progress towards the late-Asian trades, with markets still assessing the RBA’s quarterly Statement of Monetary Policy (SoMP), which underscored concerns over softer inflation outlook.AUD/USD drops almost 1 big figure Currently, the AUD/USD pair drops -1.04% near fresh nine-week lows of 0.7382, having finally breached 0.74 handle. The Australian dollar […]

May 5 2016 | Posted in Forex | Read More »

Fed Speakers: June is a live meeting – Westpac

Sean Callow, Research Analyst at Westpac, notes that yesterday there was lots of commentary from Federal Reserve members. Key Quotes “San Francisco Fed president Williams (centrist though sometimes mislabelled as a dove) said he’s optimistic on growth and there could be 2 or 3 rate increases this year. St. Louis Fed president Bullard (centrist, voter […]

May 5 2016 | Posted in Forex | Read More »

INR: Weakness ’may’ be here for a while – ANZ

Research Team at ANZ, notes that the INR is one of the worst performing currencies in May. Key Quotes • “An unusual absence of auspicious wedding dates in May this year may not be sufficient to prevent INR weakness from repeating. • INR’s close correlation with the equity market means it is vulnerable to signs […]

May 5 2016 | Posted in Forex | Read More »

US: NFP expected to rise by 200k in Apr – Westpac

Sean Callow, Research Analyst at Westpac, suggests that the consensus for US Apr non-farm payrolls is 200k, after 215k in Mar and 245k in Feb. Key Quotes “On the positive side are the 5 week gap between survey weeks, very low jobless claims and a bounce in the services ISM employment index. Potential negative influences […]

May 5 2016 | Posted in Forex | Read More »

Is the Tide Turning in Sweden? – TDS

Research Team at TDS, suggests that the Sweden has experienced the strongest economic growth in the G10 in recent quarters but the 2016 sentiment data in Sweden has been trending down. Key Quotes “Much of this momentum is isolated within the sentiment indicators themselves. Activity data is holding up relatively well in the production sector, […]

May 5 2016 | Posted in Forex | Read More »