What's in store for rest of the day? No Fed speakers, but . . . - UOB

Analysts at UOB Group that there are no Fed Reserve speakers on both 8 and 9 August but...

Key Quotes:

"... we do have Reserve Bank of Australia Assistant Governor (Fin Markets) Chris Kent giving a Bloomberg address in Sydney on Wednesday while the key central bank policy decision where the Reserve Bank of New Zealand is expected to keep its policy rate unchanged on the back of softer-than expected 2Q inflation outcome.

Oil market’s attention will remain on the 2nd day of the planned meeting of OPEC and non-OPEC (mainly to discuss compliance with the the deal to cut production) in Abu Dhabi, co-chaired by Kuwait and Russia."

RBNZ: will be in no hurry to tighten - Nomura

In the opinion of analysts at Nomura, the downshift in the New Zealand inflation trajectory should see the RBNZ continue to stress that it is in no hu
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Gold tumbles toward $1250 as USD soars

A surprise rally of the US dollar pushed the value of the ounce sharply to the downside. Gold tumbled from $1265 to $1251, hitting the lowest...
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