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18

1 person killed in stabbing attack in Germany - ABC

"One person was killed and one person was injured in a stabbing attack in the German city of Wuppertal-Elberfeld today, according to police," ABC news reported recently. Key highlights:

19:23 18 August /2017 Forex

EUR/USD preserves daily gains near mid-1.17s as DXY remains in red Eren Sengezer

The EUR/USD pair, which was able to close the day a little above the 1.17 handle on Thursday, recorded modest gains on Friday and was last seen moving sideways near mid-1.17s, gaining 0.2% on the day.Earlier in the day, the data showed that the Eurozone current account surplus for June eased to $21.2 billion and missed the...

19:00 18 August /2017 Forex

ECB: Draghi returns to Jackson Hole with a dovish message - Danske Bank

Mario Draghi, the President of the European Central Bank will speak at Jackson Hole. Analysts from Danske Bank expect a continued dovish stance from Draghi as the euro appreciation will dominate factors suggesting a more hawkish stance.Key Quotes: “ECB president Draghi is returning from summer holidays and will speak at Jackson Hole ...

18:46 18 August /2017 Forex

GBP/USD rejected above 1.2900, tumbles to 5-week lows Matías Salord

GPB/USD dropped again toward weekly lows after being unable, one more time, to hold above 1.2900. The pound is the worst performer among the most traded European currencies, affected by risk aversion. In Wall Street, the Dow Jones is falling 0.38%, at the lowest in three weeks. The pair was steady en hovering around 1.2880 and dropped quickly to the 1.2840 area....

18:46 18 August /2017 Forex

Several people were stabbed in an attack in Turku, Finland - Reuters

"Several people were stabbed in an attack in the Finnish city of Turku on Friday, police said," Reuters reported recently.Key quotes:

18:00 18 August /2017 Forex

USD/JPY finds support near 108.60 Pablo Piovano

After dropping to as low as the 108.60 area, USD/JPY is now attempting a rebound to the 108.80/85 band following US releases.USD/JPY weaker on USTsSpot is down for the third session in a row so far today, testing lows in levels last seen in mid-April around 108.60 following the poor performance from yields in the US money markets...

18:00 18 August /2017 Forex

Fed’s Kaplan: Need to grow workforce to be able to grow GDP Eren Sengezer

Dallas Fed President Robert Kaplan is crossing the wires, with the key quotes, via Reuters, found below:

17:46 18 August /2017 Forex

US: Consumer confidence rose in first half of August to its highest level since Jan. - UoM Eren Sengezer

"Consumer confidence rose in the first half of August to its highest level since January due to a more positive outlook for the overall economy as well as more favorable personal financial prospect," Surveys of Consumers chief economist at the University of Michigan, Richard Curtin, said on Friday.Key quotes:

17:46 18 August /2017 Forex

US Dollar depressed near 93.30 despite upbeat U-Mich

The US Dollar Index – which tracks the buck vs. its main rivals – remains entrenched into the negative territory so far on Friday, trading a tad above session lows in the 93.30/25 band.US Dollar unchanged on dataThe index stayed apathetic despite US consumer sentiment is expected to come in above expectations for the cur...

17:23 18 August /2017 Forex

Gold advances to highest level since November, tests $1300

The demand for the precious metal remains high on Friday, pushing the XAU/USD pair to its highest level in more than 9 months at $1300.80. As of writing, the pair was trading at $1297.45, gaining nearly $10, or 0.75%, on the day.Political turmoil in the U.S. and yesterday's terrorist attack in Barcelona triggered a flight-...

17:23 18 August /2017 Forex

US stocks extend weekly losses, turn sharply lower during early trade Haresh Menghani

Major US equity indices extended previous session's sharp declines and traded with modest losses during the opening hour of trade on the last day of the week. Investors maintained a cautious approach following Thursday's a terrible terrorist attack in Barcelona and rumours that National Economic Council Chairman Gary Cohn was set to resign that reignited fears over the US Presiden...

17:00 18 August /2017 Forex

USD/CAD refreshes 2-week lows below 1.26 post-Canada CPI Eren Sengezer

The USD/CAD pair came under a heavy selling pressure in the early NA session and fell to its lowest level since August 4. As of writing, the pair was trading at 1.2590, losing 90 pips, or 0.7%, on the day.Data released by the Statistics Canada on Friday showed that the CPI in July remained unchanged on a monthly basis, and...

16:46 18 August /2017 Forex

Japan: What has saved the yen? - Natixis Sandeep Kanihama

Patrick Artus, Research Analyst at Natixis, suggests that given the rapid and endless rise in the money supply (the central bank’s balance sheet) in Japan, one would expect the yen to depreciate significantly and such a depreciation was observed from early 2013 to early 2015, but then the yen stabilised and went on to appreciate.Key Quotes“Why did the yen stop depreciating in earl...

16:23 18 August /2017 Forex

USD/JPY plummets below 109.00 mark, back closer to multi-month lows Haresh Menghani

The Japanese Yen continues to benefit from global flight to safety, with the USD/JPY pair gravitating below the 109.00 handle to fresh weekly lows.The pair remained under intense selling pressure for the third consecutive session and has now retreated over 200-pips from the 111.00 neighborhood touched on Wednesday. A fresh wave of global risk ave...

16:23 18 August /2017 Forex

GBP/USD sticks to modest daily gains, but remains below 1.29 handle Haresh Menghani

The GBP/USD faded a knee-jerk bullish spike and retreated around 40-pips from session tops near the 1.2920 region, touched during the early European session.The early up-move was supported by persistent US Dollar selling bias, led by fading optimism over the US President Donald Trump's ...

16:00 18 August /2017 Forex

EUR/USD parked around 1.1740, US data eyed Pablo Piovano

The single currency keeps the positive note on Friday, with EUR/USD navigating a narrow range around 1.1740.EUR/USD focus on US releasesThe pair remains sidelined in the mid-1.1700s so far today, while extending at the same time the consolidative theme prevailing since Monday.The renewed effervescence in the US political scenario...

16:00 18 August /2017 Forex

Global growth: Will the planetary alignment last? - Natixis

In view of Patrick Artus, Research Analyst at Natixis, the upturn in global growth since mid-2016 can be ascribed to the coincidence of a number of exceptional factors at a worldwide and suggests that we should be cautious as some of these positive factors could disappear.Key Quotes“These factors included: a)    Very low interest rates, enabling an acceleration in credit;b)    An ...

15:46 18 August /2017 Forex

Canada: CPI rose 1.2% on a year-over-year basis in July, following a 1.0% gain in June Eren Sengezer

"The Consumer Price Index (CPI) rose 1.2% on a year-over-year basis in July, following a 1.0% gain in June," the Statistics Canada announced on Friday.Key highlights:

15:46 18 August /2017 Forex

US Pres. Trump: Homeland Security and law enforcement are on alert & closely watching for any sign of trouble Eren Sengezer

US President Donald Trump recently tweeted out, "Homeland Security and law enforcement are on alert & closely watching for any sign of trouble. Our borders are far tougher than ever before!"

15:46 18 August /2017 Forex

NZ: Strong economic data releases – Deutsche Bank Sandeep Kanihama

Analysts at Deutsche Bank notes that in New Zealand, retail sales surged 2.0%qoq in volume terms in Q2, well above market, though in part reflecting strong growth in spending on accommodation and liquor that would have been associated with the early part of the Lion’s rugby tour.Key Quotes“Still, growth was broad-based and the Q2 outcome follows an already strong (and upwardly-revi...

15:23 18 August /2017 Forex