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Equities: Mixed reaction to US-Iran tensions – Deutsche Bank
Deutsche Bank’s Jim Reid highlights that Asian equities are mostly lower as investors digest a sharp escalation in US-Iran tensions and surging Oil prices. KOSPI is down over 5% and the Nikkei and S&P/ASX 200 are weaker, while mainland Chinese indices and the Hang Seng are firmer on tech gains.
New Zealand Dollar: Hawkish RBNZ but kiwi seen vulnerable – Commerzbank
Commerzbank’s Volkmar Baur reports the Reserve Bank of New Zealand (RBNZ) lifted the Official Cash Rate (OCR) to 2.5%, with the New Zealand Dollar (NZD) gaining slightly versus US Dollar (USD).
South Africa Net $Gold & Forex Reserve declined to $71.338B in June from previous $73.467B
South Africa Net $Gold & Forex Reserve declined to $71.338B in June from previous $73.467B
South Africa Gross $Gold & Forex Reserve : $74.115B (June) vs previous $76.58B
South Africa Gross $Gold & Forex Reserve : $74.115B (June) vs previous $76.58B
South Africa Net $Gold & Forex Reserve up to $71338B in June from previous $73.467B
South Africa Net $Gold & Forex Reserve up to $71338B in June from previous $73.467B
South Africa Gross $Gold & Forex Reserve dipped from previous $76.58BÂ to $74.12B in June
South Africa Gross $Gold & Forex Reserve dipped from previous $76.58BÂ to $74.12B in June
Euro: Range trade around key supports against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang highlights EUR/USD’s failure to extend its recent advance, with momentum fading after a retreat from recent highs.
Sweden Industrial Production Value (MoM) down to 0.2% in May from previous 4.2%
Sweden Industrial Production Value (MoM) down to 0.2% in May from previous 4.2%
Sweden Industrial Production Value (MoM) dipped from previous 4.2%Â to 0.6% in May
Sweden Industrial Production Value (MoM) dipped from previous 4.2%Â to 0.6% in May
Sweden Industrial Production Value (YoY) fell from previous 7.1% to 6.9% in May
Sweden Industrial Production Value (YoY) fell from previous 7.1% to 6.9% in May
AUD/JPY Price Forecast: Edges higher above 112.50 as mildly bullish bias persists
The AUD/JPY cross gathers strength to around 112.70 during the early European session on Wednesday. Nonetheless, renewed tensions between the US and Iran, and fears of possible intervention by Japanese authorities might support the Japanese Yen (JPY) and cap the upside for the cross.
Sweden New Orders Manufacturing (YoY): 1.3% (May) vs previous 6.3%
Sweden New Orders Manufacturing (YoY): 1.3% (May) vs previous 6.3%
Euro gains as US Dollar moves sideways amid market caution
EUR/USD maintains its position after registering modest losses in the previous day, trading around 1.1410 during the Asian hours on Wednesday.