Intra-Day Market Moving News and Views
22 Jul 2014 05:00GMT
NZD/USD - .... RBNZ Deputy Governor Spencer said, quote:
'Reserve Bank of New Zealand to review prudential rules for banks, non-bank lenders;
review to "thin stock" of current regulation, won't be 'a severe pruning'; banking review to take 12 months, may remove redundant rules, simplify framework;
review will not include rules covering insurance sector; key planks such as capital adequacy, liquidity, risk management, governance not in review.'
AUD/USD -...... Earlier Statements from RBA Governor Glenn Stevens continued to speak and said quote: "markets remarkably sanguine on geopolitics up to now.
'low rates are doing the things they usually do; doing all that could reasonably be expected at moment, content for now; if policy could reasonably do more, would consider it.'
He began his statement, quote:
"hard to say how successful qe has been globally";
"subdued 'animal spirits' likely one reason for slow economic recoveries";
" is sure spirits will improve at some point, G20 growth agenda could help".
Stevens makes no comments on domestic monetary policy & A$ in his speech. Aud briefly bounced to intra-day high of 0.9395 as st specs sold aussie ahead of Stevens' speech n quickly covered their shorts after his speech did not mention the A$.
22 Jul 2014 05:00GMT
NZD/USD - .... RBNZ Deputy Governor Spencer said, quote:
'Reserve Bank of New Zealand to review prudential rules for banks, non-bank lenders;
review to "thin stock" of current regulation, won't be 'a severe pruning'; banking review to take 12 months, may remove redundant rules, simplify framework;
review will not include rules covering insurance sector; key planks such as capital adequacy, liquidity, risk management, governance not in review.'
AUD/USD -...... Earlier Statements from RBA Governor Glenn Stevens continued to speak and said quote: "markets remarkably sanguine on geopolitics up to now.
'low rates are doing the things they usually do; doing all that could reasonably be expected at moment, content for now; if policy could reasonably do more, would consider it.'
He began his statement, quote:
"hard to say how successful qe has been globally";
"subdued 'animal spirits' likely one reason for slow economic recoveries";
" is sure spirits will improve at some point, G20 growth agenda could help".
Stevens makes no comments on domestic monetary policy & A$ in his speech. Aud briefly bounced to intra-day high of 0.9395 as st specs sold aussie ahead of Stevens' speech n quickly covered their shorts after his speech did not mention the A$.
Recommended Content
Editors’ Picks
EUR/USD edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.