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Metronome: New coin to work on multiple blockchains - BBG

Bloq co-founder Jeff Garzik, who helped develop bitcoin software – blockchain, said on Tuesday that he decided to create a better digital currency, as he had seen Bitcoin’s shortcomings first hand.Metronome is expected to make debut at industry conference in Las Vegas.

06:46 24 October /2017 Forex

S. Korea, US, Japan kick off 2-day missile tracking drill – S. Korea military Dhwani Mehta

South Korea’s military said on Tuesday, South Korea, the United States and Japan started a two-day missile tracking drill, as they prepare to combat any missile or nuclear threats from North Korea, Reuters reports.South Korean military said in a statement that the exercises will be held in waters off the coasts of South Korea and Japan.

06:46 24 October /2017 Forex

NZD/USD pops and drops on NZ PM Ardern, breaches 0.6950 Dhwani Mehta

The NZD/USD pair witnessed good two-way businesses in Asia, initially spiking higher above 0.70 handle on NZ PM Ardern’s comments, only to reverse sharply to test the midpoint of 0.69 handle.NZD/USD: Eyes on Aus CPI The Kiwi saw a knee-jerk upward spike to 0.7005 highs after 06:46 24 October /2017 Forex

AUD/USD regains bid, attacks 100-DMA hurdle Omkar Godbole

Having successfully defended the 0.78 handle during the overnight trade, AUD/USD bulls pushed the spot higher towards its 100-day moving average level of 0.7826.Boosted by AUD/NZD buying?The AUD/USD could have been boosted by a spike in the AUD/NZD pair following 06:46 24 October /2017 Forex

EUR/USD: 1.1730 support still on sight ahead of EZ PMIs Dhwani Mehta

Fresh bids emerged for the spot once again near 1.1730 - key support, allowing a tepid recovery in EUR/USD, now extending into Asia amid persistent USD softness, as focus shifts towards a fresh batch of Euro area flash manufacturing PMI reports for fresh trading impetus.EUR/USD: Will it sustain above 100-DMA at 1.175...

06:00 24 October /2017 Forex

GBP/USD - 10Y US-UK yield spread rises in a GBP-negative manner Omkar Godbole

GBP/USD remained bid above 1.32 handle in Asia, but the bullish move struggled to gather ...

06:00 24 October /2017 Forex

Oil: ‘Scope for price upside limited this year and next’ - Barclays Dhwani Mehta

In its oil market outlook report, analysts at Barclays predict limited scope for upside in oil prices, despite solid global growth outlook.Key Points:"Scope for price upside limited this year and next""Inventory drawdown to continue based on our balances, but the market will become increasingly ...

05:46 24 October /2017 Forex

Australia likely to introduce regulations for Bitcoin

Kitco is out with a story on Tuesday, suggesting that Australia is next in line to regulate the cryptocurrency markets, following China and Russia.Key Points:Australia is very close to introducing regulations for the cryptocurrency market, with the country’s Parliament scheduled to vote on a new anti-money laundering bill this week.If passed, wil...

05:23 24 October /2017 Forex

AUD/JPY - Bearish engulfing candle, Vols hit 7-month low

AUD/JPY fell from the high of 89.08 to 88.43 levels on Monday. The price action engulfed Friday's candle.A negative price action today would add credence to Monday's bearish engulfing candle and could open up downside towards the 50-day moving average level of 88.62.Options market signal dips could be short lived05:23 24 October /2017 Forex

New Zealand PM - To review & reform RBNZ act Omkar Godbole

Comments from New Zealand Prime Minister (PM) Jacinda Ardern crossing the wires via Reuters-  

05:23 24 October /2017 Forex

IEA: Coal, oil to lead energy demand-growth in Southeast Asia to 2040 Dhwani Mehta

In its latest report published on Tuesday, the International Energy Agency (IEA) revealed that Southeast Asia will become a key driver for energy demand globally as its economy triples in size and its total population grows by a fifth.Key Points via Reuters:“Energy demand in Southeast Asia is expected to climb nearly 60 percent by 2040 from nowCoal and oil to lead...

05:00 24 October /2017 Forex

EUR/JPY - Bearish outside day candle, eyes EZ PMI reports

The three-day winning streak in EUR/JPY came to a halt on Monday as traders took profits on JPY shorts following Abe's victory in the snap elections.The currency pair clocked a high of 134.13 in Asian trade on Monday before falling to an intraday low of 133.10. The bearish price action engulfed Friday's candle.   Focus on German and EZ PMIGerman ...

04:46 24 October /2017 Forex

Japan’s Motegi hopes next TPP negotiations will be a step towards final agreement

Japanese Economy Minister Motegi crossed the wires last hour, via Reuters, making comments on the Trans-Pacific Partnership (TPP) agreement.Key Points:Japan to host the next round from October 30 to November 1Hopes the round will be a step towards final agreement.Will aim to reach a broad agreement 

04:46 24 October /2017 Forex

Iran nuclear deal to be preserved - Britain's Foreign Minister

Britain's Foreign Minister Boris Johnson said on Monday that a nuclear accord between the Western powers and Iran will survive despite US President Trump's refusal to formally certify that Tehran is complying with the deal.Reuters report says, "the US Congress now has 60 days since Trump's action to decide whether to reimpose economic sanctions on Tehran that were lifted under the pact."

04:00 24 October /2017 Forex

USD/JPY: well, that was a short lived time on the 114 handle, wasn't it?

USD/JPY has drifted lower through the London and NY session after a rally to the highest level since July was faded on a sell the fact scenario surrounding abe's expected victory. Currently, USD/JPY is trading at 113.38, down -0.06% on the day, having posted a daily high at 113.50 and low at 113.30.The European's consolidat...

04:00 24 October /2017 Forex

USD/JPY - Risk Reversals at one-month high Omkar Godbole

The Dollar-Yen pair fell from 114.10 to 113.24 on Monday, largely on the back of profit taking on the Yen shorts following Abe's victory in the Japanese elections.Risk reversals at one-month high03:46 24 October /2017 Forex

BoC: no change expected - Nomura

Analysts at Nomura explained that they expect no change in policy from the Bank of Canada (BoC) this week. Key Quotes:"The underlying message that rates should rise over the medium term looks set to remain. However, the BoC should not pre-commit. We see a risk the BoC revises up its estimates for potential growth. Such a step could strengthen the BoC’s case for treading carefully ...

03:00 24 October /2017 Forex

AUD/USD: downside underpinned with eyes on a break of 0.7800 Ross J Burland

AUD/USD finished the NY session below the 0.7820 double bottom support level and hit a low of 0.7796. AUD/USD has been hurt on commodities unable to find traction in a stronger US dollar environment while spreads between AU-US remain favourable to the downside in the pair. The RBA is in no hurry to hike rates at this...

02:46 24 October /2017 Forex

NZD/USD:finally finding its footing? - ANZ

Analysts at ANZ explained that NZD/USD appears to have found its footing, falling to key longer-term technical levels after the announcement a centre-left coalition. Key Quotes:"Policy announcements will be scrutinised for economic growth implications this week. USD strength could continue to weigh too, with political developments elsewhere weighing on the EUR and JPY, a solid dat...

01:46 24 October /2017 Forex

Kevin Warsh for Fed chair? - WSJ Ross J Burland

The Wall Street Journal has reported that Vice President Pence met with Kevin Warsh about the the Fed position. Warsh is tipped to be pro looser regulation and tax cuts.The bookies had Taylor as a clear favourite today, boosting the dollar again, but the WSJ reports that Pence has been part of a small group of senior White House officials who have been vetting candidates as well."Kevin Warsh, a ca...

01:46 24 October /2017 Forex