The New Zealand or Kiwi dollar, NZD/USD Forex market was up a tad after the island nation reported better than expected current account data. This data revealed a smaller deficit than economists expected for the third quarter (Q3). All numbers are in Kiwi dollar (NZD) denomination. The shortfall registered at minus $0.618 billion. This …
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The USD/JPY Forex market did not budge much this morning, with the yen depreciating just a tad, despite the release of strong Japanese trade numbers for August. The trade balance came in at ¥113.6 billion ($1.01 billion). This was well above the ¥104.4 billion expected by economists and financial analysts. …
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There has not been a lot of news flow impacting the oil markets. This morning, crude contracts were steady as the de facto OPEC leader, Saudi Arabia, reported a fall in crude exports. This news might be overshadowed by a pickup in shale output in the United States. As of …
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Most of the Asian equity markets where higher this morning. Asian investors are waiting on the US Federal Reserve’s policy meeting for this month. The investors wait on clues from the central bank on the direction of its monetary policy. Japan’s Nikkei 225 was up 1.44 percent. The Japanese markets resumed trade …
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The Australian dollar (AUD/USD) Forex market saw a short spike higher this morning, after the Reserve Bank of Australia released its minutes of the last monetary policy meeting. This meeting focused on US dollar weakness being behind the Australian dollar’s recent strength. This could mean that the Australian central bank …
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Gold futures contracts slipped lower this morning, during Asian trade hours, to a two week low thanks to a stronger US dollar. There is the possibility of policy direction news, and possible monetary policy tightening in the United States ahead of the Federal Reserve’s two day monetary policy meeting slated …
Read More » The markets in the Asian and Pacific Rim opened the week a bit higher. Asian investors are looking forward to the direction of monetary policy from central banks, due out later this week. Asian shares gained on Monday as investors anticipated clues on the direction of monetary policy from central …
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The Japanese yen in the USD/JPY Forex market is weaker as this week kicks off. The yen is weaker thanks to reports that the Japanese Prime Minister Shinzo Abe is considering early elections. His approval ratings have bounced back, in some polls, to near 50 percent and local news have …
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The price of gold contracts rose from its two low after the rogue nation North Korea fired another missile, intermediate range, over Japan. This act triggered the latest round of safe haven asset buying in the Asian financial markets while weighing on the US dollar. As of 12:30 am GMT, …
Read More » The morning the New Zealand or Kiwi dollar breached the bound of its short term corrective move. This was a downside break which suggests that the downtrend that started with the NZD/USD Forex market in late July has possibly restarted. Looking at global geopolitical news, the Kiwi dollar briefly broke …
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