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26

Fed's Kaplan: US is not trapped in world of low interest rates Felipe Erazo

Fed Dallas President Robert Kaplan is crossing the wires via Reuters from San Antonio, Texas, stating that he would have been comfortable with hiking rates in September but says that Fed should be patient on hikes. However, he is concerned about financial stability.Key headlines (via Reuters):

21:46 26 September /2016 Forex

EUR/USD consolidates the bid below fresh highs of 1.1279 Ross J Burland

EUR/USD is consolidated having made fresh highs of 1.1279 and the highest levels since 15th Sep.  The price is above the rising and supportive 4hr ma's having broken 1.1220 and the 200 sma on the same time frame. We have had little to run with at the start of what looks to be a busy one for the US calendar and only Draghi repeating the same tune when speaking at EU parliament and not delivering a ...

21:46 26 September /2016 Forex

NZD/USD: neutral above 0.7200 - UOB

Analysts at New Zealand explained that New Zealand's August trade balance kicked off this week’s docket.Key Quotes:"The country’s trade deficit widened to the biggest monthly gap since September 2014 as dairy and meat exports slumped in August. The deficit of $1.27bn in August was larger than the deficit of $351mn in July and $1.09b in the same month a year earlier. Exports sank 8...

21:23 26 September /2016 Forex

AUD/USD: consolidates below key 0.7675 area for a nuetral outlook Ross J Burland

AUD/USD is currently consolidating the recovery from 0.7602 lows.AUD/USD made impressive recovery last week on the back of the FOMC monetary policy announcement and RBA's governor Debelle suggesting he is no hurry to cut rates, despite their inflation target. Meanwhile, RBA Assistant Governor Edey has a speech scheduled on...

21:23 26 September /2016 Forex

GBP/USD: Brexit back in play ahead of US Q2 GDP - Scotiabank Ross J Burland

Analysts at Scotiabank explained that this week’s domestic risks are limited ahead of Friday’s final Q2 GDP release, and sentiment is set to remain dominant as market participants assess the ongoing barrage of Brexit-related headlines.Key Quotes:"Measures of implied GBP volatility are climbing, and risk reversals are steadily pricing a greater premium for protection against GBP we...

20:23 26 September /2016 Forex

ECB's Coeure: Not in favour of buying bank bonds - RTRS Felipe Erazo

ECB Executive Board's member Benoit Coeure is on the wires now, via Reuters, speaking at a conference in Roma, Italy, where he said that he's not in favour of buying bank bonds and adds that helicopter money "clearly" blurs the lines between monetary and fiscal policy.Key headlines:

20:23 26 September /2016 Forex

EUR/GBP: bears take back control despite Brexit w/e press Ross J Burland

EUR/GBP is offered from highs of 0.8716 to lows of 0.8646 so far.EUR/GBP has turned since the opening bid in Europe as the pound remained under pressure with ideas in the weekend news of a hard Brexit. However, rallies are sold on such news given the timing and such a scenario still be a long way off. Meanwhile, Draghi was...

20:23 26 September /2016 Forex

Meeting of oil producers – much ado about nothing - Commerzbank Ani Salama

At the oil producers' meeting in Algiers n, there is unlikely to be a voluntary limit on production, said Eugen Weinberg, Strategist at Scotiabank, adding that such an agreement would be at odds with OPEC's current strategy of defending its market shares. Commerzbank has lowered their price forecast for both the coming months and next year.Key Quotes"Algiers will be hosting the bi...

20:00 26 September /2016 Forex

EUR/JPY unable to consolidate above 113.00

EUR/JPY remains under pressure and trading near daily lows as the euro loses strength in the market and while the Japanese yen shows resilience amid risk aversion.The yen is up as equity prices decline in the US. The Dow Jones was falling 0.72% while the Nasdaq was down 0.75%. Stocks moved to the downside despite the...

19:46 26 September /2016 Forex

US New Home Sales: Uptrend remains in place despite August’s decline - Wells Fargo

According to analysts from Wells Fargo, new home sales give back part of July’s gains in August but noted that the upward trend remains in place.Key Quotes:“New home sales were widely expected to give back part of July’s big gain and came in close to consensus expectations. Sales fell 7.6 percent in August to an annual rate of 609,000 units.”“Small revisions to the prior three mon...

19:46 26 September /2016 Forex

Canada FinMin: Economic growth is less than what was predicted in Federal Budget

Canadian Finance Minister Bill Morneau is hitting the wires last minutes, via Reuters, saying that economic growth is less than was forecasted in Federal Budget.Key headlines (via Reuters):

19:46 26 September /2016 Forex

USD/CHF trims daily losses after testing support area Ani Salama

 The US dollar managed to trim most of its daily losses against the franc over the last hours, in line with a broad, mild recovery across the board.USD/CHF bottomed out at 0.9659, roughly at the same level it did last week, but found support and climbed back to the 0.9580 area, taking back some of its ...

19:46 26 September /2016 Forex

NZD/USD: sticking to session highs and testing key 0.7280 resistance

NZD/USD is better bid at the start of the week in the U.S. session in a minor recovery of the opening offer overnight in Asia as a follow through on the bearish close of last week.US: New home sales fall 7.6% in August<...

19:00 26 September /2016 Forex

USD/MXN: the Trump factor and US elections - Nomura

Analysts at Nomura explained that the single-most important factor behind the MXN’s depreciation is the increased probability of a Trump victory in the last few weeks. A widening of the current account deficit, fiscal concerns and decreasing oil production also play a role - but they are marginal compared with the impact from the US election. Indeed, if Mr Trump were to implement the most extreme ...

19:00 26 September /2016 Forex

USD/JPY: Yen outperforming on European banking sector concerns and Kuroda - Scotiabank

Analysts at Scotiabank explained that the JPY is outperforming, strengthening in an environment of elevated risk aversion with notable weakness across global equity indices with a renewed focus on banking sector concerns in Europe.Key Quotes:JPY has strengthened in response to fresh public commentary from BoJ Gov. Kuroda, highlighting the recent shift toward policy flexibility alo...

19:00 26 September /2016 Forex

EUR/USD hits fresh highs, eyes 1.1300 Matías Salord

EUR/USD gained momentum during the last hours amid a decline of the US dollar against European currencies and climbed to test the 1.1280 area. If it breaks higher, attention would turn to 1.1300.Momentum remains positive for the euro with the price above the 20-hour moving average that stands at 1.1215; a decline below could weaken the EUR...

19:00 26 September /2016 Forex

China’s recovery set to lose steam in 2017 - Danske

Analysts from Danske Bank expect a moderation in the recovery in China going into 2017 with the stimulus effects fading.Key Quotes:“We expect to see some moderation in the recovery going into 2017 as the stimulus effects fade slightly, and the biggest boost to construction should fade as home sales growth has come down in response to regional tightening measures. ...

18:46 26 September /2016 Forex

GBP/USD erases daily losses, still under 1.3000 Matías Salord

The pound gained momentum in the market during the last hours and trimmed losses across the board. Cable rose back toward Friday’s closing price and moved off lows bus still remained below 1.30.GBP recoversWhile EUR/GBP started to retreat after approaching 2016 highs, GBP/USD accelerated the recovery.Earlier the pound fell to test la...

18:46 26 September /2016 Forex

AUD/USD clings to gains near 0.7650

 The Australian dollar managed to advance slightly versus the greenback on Monday as market sentiment improved over the last hours.AUD/USD bounced from a daily low of 0.7602, as the 0.76 area has proved to be a strong support, and climbed back to the 0.7650 zone in recent dealings. At time of writing, ...

18:23 26 September /2016 Forex

EUR/USD gains likely to be limited above 1.1250 - Scotiabank Ani Salama

 Despite the euro is outperforming today, Eric Theoret, Strategist at Scotiabank notes that gains are likely to be limited above 1.1250 and the short-term technical perspective remains bearish.Key Quotes“EUR is outperforming, strengthening in response to better than expected IFO sentiment figures from Germany.”“Relative central bank policy is likely to be thi...

18:23 26 September /2016 Forex