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28

Japan’s Aso: Speculative movements a trend in FX market Dhwani Mehta

Reuters reports comments from the Japanese finance minister Taro Aso, who crossed the wires earlier on the day.Key Points:No comment on FX levelsSpeculative movements a trend in FX marketUS administ...

05:23 28 March /2017 Forex

EUR/USD: Corrective slide stalls near 1.0850, 1.09 back on sight? Dhwani Mehta

The overnight retreat in EUR/USD stalled just ahead of the mid-point of 1.08 handle, as the bulls look to regain control amid faltering recovery in the greenback versus its main peers, in response to  Dallas Fed president Kaplan’s remarks. 05:23 28 March /2017 Forex

PBOC: Will provide financial support to help manufacturing upgrade Dhwani Mehta

The Chinese central bank (PBOC) came out with the headlines last minutes, making a strong case to provide support to the manufacturing sector.Key Headlines via Reuters:Will provide financial support to help manufacturing upgrade and transitionWill support securitisation of credit assets in the manufacturing sectorWill increase scope for insurance firms to invest i...

05:23 28 March /2017 Forex

GBP/USD closed at more than one month high

GBP/USD closed at 1.2557 on Monday; the highest closing level since Feb 23 largely on the back of a broad based US dollar selling.Blessing in disguiseThe dollar selling appears to have come to a halt as the markets realize Trump’s failure to repeal the Obamacare is a blessing in disguise. Experts say Obamacare was bad, but Trumpcare would have b...

05:00 28 March /2017 Forex

Fed’s Kaplan: Fed would be wise to move gradually and patiently Dhwani Mehta

More comments hit the wires from Dallas Fed president Kaplan last hour, during his speech  at a panel discussion titled "A Discussion of Economic Conditions and the Role of Monetary Policy," at Texas A&M University.Headlines:Inflation continue to move towards 2%See ...

05:00 28 March /2017 Forex

Japan’s Ishihara: Closely watching market moves

Japanese economy minister Ishihara crossed the wires last hour, via Reuters, noting that Japan’s government is closely watching market moves.This comes after the recent strength in the yen, and jawboning by the Japanese authorities cannot be ruled out.

04:46 28 March /2017 Forex

AUD/JPY is back above weekly 100-MA

The overnight recovery in the AUD/JPY cross is being extended this Tuesday morning in Asia, with the pair trading above the weekly 100-MA level of 84.48.Chart driven recoveryThe recovery from 83.90 to 84.55 appears largely due to the oversold nature of the RSI indicator on the 1-hour and 4-hour time frame. However, on a larger time frame - daily ...

04:23 28 March /2017 Forex

PBOC sets the Yuan reference rate at 6.8782 Omkar Godbole

The People's Bank of China (PBOC) set the Yuan reference rate at 6.8782 this Tuesday morning, compared to Monday's fix of 6.8701.As per LiveSquawk report, the central bank would not be conducting Open Market Operations (OMO) today. 

04:23 28 March /2017 Forex

Trump wants to package tax reform and infrastructure deal

LiveSquawk report citing axios.com stating the “Trump administration is looking at driving tax reform and infrastructure concurrently.” Infrastructure plan was to be kept until next year, but the Trump administration decided to club it with tax plans mainly due to last week’s healthcare debacle. Trump needs fast victories and infrastructure spending is something that would get support from Democra...

03:46 28 March /2017 Forex

USD/JPY: eyes for 111 handle albeit recovery capped by 110.80 resistance Ross J Burland

Currently, USD/JPY is trading at 110.72, up 0.05% on the day, having posted a daily high at 110.84 and low at 110.56.Wall Street drops amid raising concerns over Trump's agendaUSD/JPY is soft in the Tokyo open and the dollar's come back ra...

03:46 28 March /2017 Forex

Fed’s Kaplan sees no systemic risk from stock market valuations Omkar Godbole

Fed’s Kaplan was back on the wires stating there is no systemic risk from the stock market valuations.Key quotesFed might tailor its balance sheet strategy to each type of securityWhen time comes to trim the balance sheet, would trim both MBS and TreasuriesMa...

03:23 28 March /2017 Forex

Equities full of optimism - ANZ

Analysts at ANZ explained, that as the saying goes, it’s tough to keep a good thing down.Key Quotes:"Namely US equities which continue to anticipate a more regulatory friendly environment and increased fiscal spending to drive higher earning’s growth. Time will tell with a lot of optimism priced in, but there being little concrete evidence yet. In the confidence stakes, there will...

03:00 28 March /2017 Forex

NZD/USD: bird resilient on 0.70 handle to dollar's come back attempts

Currently, NZD/USD is trading at 0.7047, up 0.04% on the day, having posted a daily high at 0.7051 and low at 0.7043.NZD/USD has been consolidating the recent action in the greenback on the back of the healthcare bill failings by the GOP. There was some renewed optimism that markets jumped on overnight on Wall Street in respect to the possibility...

02:46 28 March /2017 Forex

Federal Reserve Kaplan is hitting the wires: U.S. GDP will be 2.25pct Ross J Burland

Federal Reserve Kaplan is hitting the wires.Quotes so far as per Retuters as follows:

02:46 28 March /2017 Forex

Market overview: US tax cuts on the cards? - ANZ Ross J Burland

Analysts at ANZ offered a snapshot of the markets.Key Quotes:"Markets reacted as you would have expected them to in the aftermath of last week’s decision by Donald Trump to pull proposed reforms and repeal of Obamacare. The dollar weakened, fixed income rallied (yields fell) and stocks declined. However, the moves were relatively muted and US stocks retraced much of their losses b...

01:46 28 March /2017 Forex

Fed's Kaplan at Texas A&M University - Live Speech FXStreet Team

The Federal Reserve Bank of Dallas' President Robert Kaplan is expected to participate in a panel discussion called "A Discussion of Economic Conditions and the Role of Monetary Policy," at Texas A&M University in College Station, Texas, due at 22:30 GMT.