Consumer prices in Australia were up 0.4 percent on quarter in the second three months of 2018, the Australian Bureau of Statistics said on Wednesday. more...
New Zealand posted a merchandise trade deficit of NZ$113 million in June, Statistics New Zealand said on Wednesday - representing 2.3 percent on exports. The headline figure missed expectations for a surplus of NZ$200 million following the downwardly revised NZ$208 million surplus in May (originally NZ$294 million). more...
The latter-portion of last week saw a strong bounce develop in GBP/USD, and this came after the pair tested below a key psychological level for the first time since last September. As we wrote earlier during the week, the down-trend in the British Pound was very much in-focus as we approached a read of inflation out of the UK for the month of June. Markets were looking for inflation to perk-up to 2.6% after two consecutive months at 2.4%, but the actual print gave us a third straight month at 2.4% ...
GBP/JPY Reverses After Earlier-Quarter Breakout It's been a big start to the second half of the year for the Japanese Yen. After opening into Q3, Yen weakness showed against a number of currencies, the British Pound included - and this helped GBP/JPY to make another approach at the 150.00 level. But, just as we saw in early-June, resistance came-in on the underside of the 2017 bullish trend-line, and prices promptly reversed. GBP/JPY has dropped every day of this week Monday thru ...
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