Month: January 2019

Australian Dollar Talking Points AUD/USD climbs to fresh monthly highs as the Federal Reserve’s drops the hawkish forward-guidance for monetary policy, and recent price action raises the risk for a larger flash-crash rebound as the Relative Strength Index (RSI) breaks out of the bearish formation from late-2018. AUD/USD Flash-Crash Rebound Eyes December-High Ahead of RBA
Chicago PMI data Lower than the worst estimate Lowest since Jan 2017 Prior was 65.4 (revised to 63.8) Employment rises at faster pace Production rises at slower pace Inventories rose at a slower pace This is a big miss. Manufacturing numbers have been all over the place lately. This was one of the last ones
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“No change from the Federal Reserve as they emphasise they are in no hurry to raise interest rates. But if the data warrants it, and we think it will, they are prepared to tighten policy further later in the year,” argue ING analysts. Key quotes “The Federal Reserve has unanimously voted in favour of leaving
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Up and back down  The NZDUSD ran higher – helped by the AUDUSDs run higher on their slight beat on 4Q CPI – The run took the price toward yesterday’s high but that run fell short, and the price retreated back lower. The last three days has now seen the price move up and then
The pair paid little attention to US, German data. The greenback stays flat ahead of FOMC. US ADP report surprised to the upside in January. The mood around the single currency exchanges ups and downs so far today, with EUR/USD navigating a tight range around the 1.1430 region. EUR/USD now looks to Fed Spot remains
According to analysts at TD Securities, German CPI is going to be the key economic release for Eurozone today. Key Quotes “Q4 French GDP is released and is expected by the market to rise 0.2%. German Gfk consumer confidence for February is expected to be little changed at 10.3 vs 10.4.” “Starting at 8:00 GMT,