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Australia: Focus on natural gas and LNG markets - NAB

Phin Ziebell, Economist at NAB, explains that the connection of Eastern Australia to global LNG markets has seen domestic prices face a wild year.Key QuotesDomestic spot prices, which as recently as 2015 were below $4/GJ, surged above $10/GJ earlier this year, reaching (and indeed exceeding) export parity. Since mid-year, prices have trended lower and since the C...

07:46 29 November /2017 Forex

S. Korea can’t rule out possibility of N. Korea nuke test - Yonhap citing S. Korean spy agency Dhwani Mehta

Yonhap citing the South Korean spy agency as saying that South Korea can’t rule out possibility of a North Korea nuke test.The headlines come after North Korea confirmed the new ICBM missile launch and said that it completed the state nuclear force.

07:46 29 November /2017 Forex

RBNZ eases LVR restrictions a little - Westpac

The Reserve Bank of New Zealand has shown a willingness to ease lending restrictions as housing market risks diminish, according to Michael Gordon, Senior Economist at Westpac.Key Quotes“The Reserve Bank has announced a modest loosening of the loan-to-value limits for housing lending, taking effect next year.”“Risks to the financial system have diminished as house price and credit...

07:01 29 November /2017 Forex

North Korea says it has completed the state nuclear force – BBG

Bloomberg reports additional headlines from North Korea, citing that the North has completed the state nuclear force.

07:00 29 November /2017 Forex

Gold risk reversals shed bullish bias, turns neutral

The one-month 25 delta risk reversals gauge has shed bullish bias, which indicates that gold's repeated failure to scale the $1300 mark has not gone down well with the investors.Risk reversals06:57 29 November /2017 Forex

US 2-year yield rises above Australia for first time since 2000 - BBH

The steady increase in the US two-year yield while the market unwinds rate hike expectations in Australia has pushed the US rate above Australia for the first time since late 2000, points out the research team at BBH.  Key Quotes“In the past month, the US two-year yield has risen by 15 bp, while Australia's has fallen by 13 bp.  But the narrowing of the spread, and now inversion, ...

06:55 29 November /2017 Forex

Saudi EnergyMin: It is too early to talk about a disagreement, wait for OPEC meeting

Speaking at the Gulf Petrochemicals & Chemicals Association Annual Forum in Dubai late on Tuesday, the Saudi Arabian Energy Minister Al-Falih hinted that there as difficulties ahead at the meeting of the OPEC in Vienna on Thursday.The Energy Minister refrained from commenting on a potential OPEC output c...

06:50 29 November /2017 Forex

North Korea says Kim Jong Un ordered launch of new ICBM

Comments from North Korea are crossing the wires via Reuters-

06:47 29 November /2017 Forex

UAE OilMin: We will discuss extension for the whole of 2018 but that isn't only option Dhwani Mehta

Reuters reports overnight comments from the UAE Oil Minister Suhail al-Mazroui, with the key headlines found below.We will discuss an extension for the whole of 2018 but that isn't the only option.We are seeing very good results towards market recovery.We need to continue.Optimistic about extending the oil production cuts.

06:47 29 November /2017 Forex

Indian economic growth set to end five-quarter slide - Reuters poll Dhwani Mehta

A Reuters poll showed on Wednesday, the Indian economic growth is set to end its five straight quarterly declines in the second quarter of FY 2017-18, staging a rebound from the slowest growth seen in three years.Key Findings:The Reuters poll of 52 economists over the past week showed gross domestic product growth likely rose to 6.4 percent from a year ago in the ...

06:47 29 November /2017 Forex

AUD watch out - Goldman sees iron ore falling back to $50 Omkar Godbole

Goldman Sachs Group Inc., expects iron ore prices to decline back toward $50 a metric ton. As per the latest projections, prices may fall to $60 a ton in three months, $55 in six and $50 in 12.The Bloomberg report cites Goldman analyst Hui Shan as saying, " the forecast for lower prices is mainly because we see steel production in China peaking and should fall going forward and iron ore supply is ...

06:47 29 November /2017 Forex

GBP/USD: Will it regain 1.3400 on Brexit progress?

Having hit the best levels in two months at 1.3387 in the overnight trades, the GBP/USD pair dropped sharply, hitting a low of 1.3336 in the Asian opening trades, before recovering some ground to trade back above 1.3350 amid Brexit optimism.GBP/USD: Brexit - Deal or no deal?Cable regained poise during the mi...

06:23 29 November /2017 Forex

OPEC deal far from certain - Goldman Sachs Omkar Godbole is reporting that Goldman Sachs believes the outcome of OPEC’s meeting with its partners in the oil production cut this Thursday is uncertain.“The push for a nine-month extension, four months before the cuts end and given an accelerating rebalancing further stands in the face of prior comments that the cuts should remain data dependent to assess their effectiveness,” says Goldman Sach...

06:23 29 November /2017 Forex

North Korea is expected to make an important announcement at 3.30 GMT - Yonhap Dhwani Mehta

South Korea’s new agency is out with the latest headlines, citing that North Korea is expected to make an important announcement at 12.30 Seoul Time (3.30 GMT).

06:23 29 November /2017 Forex

EUR/USD - Focus on German CPI, risk reversals retreat on bearish price action Omkar Godbole

Inflation differential is set to hog the limelight today. German preliminary data due at 13:00 GMT is expected to show the cost of living as represented by the consumer price index increased 0.3 percent month-on-month in November. That would take the annualized reading to 1.7 percent from the previous figure of 1.5 percent.An uptick in inflation could boost the single currency. It is worth noting ...

06:23 29 November /2017 Forex

China's economy still faces relatively large downward pressure – RTRS

A Chinese Banking Official was reportedly saying, via Reuters, that China’s economy stiff faces relatively downward pressure that may become apparent by early 2018.The official added that China’s economy is not sufficiently market-driven and the authorities should push forward market reforms.

05:46 29 November /2017 Forex

NZD/USD - Bearish pin bar seeks validation Omkar Godbole

Kiwi fell below 0.69 levels to hit a session low of 0.6886, although as per textbook rules, only a negative close today would validate yesterday's bearish pin bar candle and signal a near-term trend change.As of writing, the spot is trading just below 0.69. The bullish tone ran out of steam yesterday at a high of 0.6945.Reserve Bank Governor Grant Spencer, while...

05:46 29 November /2017 Forex

S. Korea’s Moon: Important to manage crisis so there is no US pre-emptive strike Dhwani Mehta

Reuters reported comments from the South Korean President Moon delivered earlier today, in response to the latest North Korea ICBM test.Key Headlines:Important to manage crisis so there is no US pre-emptive strike.Tensions will seriously escal...

05:23 29 November /2017 Forex

Trump Tweets - After NKorea missile launch, Dems shouldn't hold troop funding

The latest tweet from US President Donald Trump reads - "After North Korea missile launch, it's more important than ever to fund our gov't & military! Dems shouldn't hold troop funding hostage for amnesty & illegal immigration. I ran on stopping illegal immigration and won big. They can't now threaten a shutdown to get their demands."North Korea issue made a comeback yesterday, but risk as...

05:00 29 November /2017 Forex

Bitcoin finally conquers $ 10000 for the first time ever

Bitcoin (BTC/USD), the largest cryptocurrency, extends its week-long bullish streak and finally conquered the 10k mark in the majority of the exchanges in the Asian trades.  As of writing, the pair was trading at $ 10.026, flirting with the record highs of $ 10,040, up 1.25% on the day.The most dom...

05:00 29 November /2017 Forex