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NZD/USD Price Forecast: Kiwi breaks below 0.5800 as bears take control
The New Zealand Dollar (NZD) fails to clear a confluence of key Simple Moving Averages (SMAs) and dives below 0.5800 on Thursday, printing a near two-month low of 0.5797. At the time of writing, NZD/USD is down 0.65% and poised to test lower levels if it closes below 0.5800.
Malaysia Ringgit: BNM hawkish tilt limits downside – Commerzbank
Commerzbank notes USD/MYR has risen to 4.07, marking a fourth consecutive session of Ringgit weakness, weighed by foreign portfolio outflows from Malaysian equities.
WTI Oil nears $100 as Middle East tensions keep supply concerns elevated
West Texas Intermediate (WTI) Oil rallies nearly 5% on Thursday, climbing to its highest level since May 21 as escalating tensions in the Middle East raise fears of further disruption to already tight supplies. At the time of writing, WTI trades around $99 and is up about 10.50% so far this week.
ECB sources say further tightening remains likely – Reuters
According to Reuters sources, the European Central Bank (ECB) is expected to further tighten monetary policy in the months ahead and could raise rates in October.
United States 30-Year Bond Auction rose from previous 5.216%Â to 5.308%
United States 30-Year Bond Auction rose from previous 5.216%Â to 5.308%
Gold bulls blink as hot US PPI, $100 Oil send yields flying
Gold price retraces by about 0.90% on Thursday as traders price in a hawkish Federal Reserve (Fed) following the release of the US Producer Price Index (PPI) for August.
Euro steadies against the Yen after ECB lifts rates
EUR/JPY rises above the 179.00 mark on Thursday in the aftermath of the European Central Bank (ECB) raising its deposit rate by a quarter point to 2.50%, its second hike since the US-Iran war broke out.
ECB recap: A hawkish hike despite downside growth risks
The European Central Bank (ECB) increased the Deposit Facility Rate to 2.50%, the Refinancing Rate to 2.65% and the Marginal Lending Facility to 2.90%, effective from September 16.
Japanese Yen: Defensive Yen as BoJ turns hawkish – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that USD/JPY is edging higher as the Japanese Yen trades defensively after its sharp late-August rally. The Bank of Japan’s messaging is described as unequivocally hawkish ahead of a widely anticipated 25 bps hike on September 18.
United States EIA Heating Oil Stocks Change climbed from previous -0.033M to 0.01M in September 3
United States EIA Heating Oil Stocks Change climbed from previous -0.033M to 0.01M in September 3
United States EIA Gasoline Stocks Change increased to 1.269M in September 3 from previous -1.173M
United States EIA Gasoline Stocks Change increased to 1.269M in September 3 from previous -1.173M
United States EIA Distillate Stocks Change increased to 2.087M in September 3 from previous 0.796M
United States EIA Distillate Stocks Change increased to 2.087M in September 3 from previous 0.796M
United States EIA Crude Oil Stocks Change registered at -0.391M above expectations (-1.4M) in September 3
United States EIA Crude Oil Stocks Change registered at -0.391M above expectations (-1.4M) in September 3