Fed Speakers Flag Potential for Hikes - ANZ Analysts at ANZ explained that three Fed members (non-voters) flag potential for rate hikes. Key Quotes: "Williams: expects a rate cut in April and June if all else is equal and data flow continues the way he expects...
USD/CNY: Fix to be Higher by 91 Pips - Nomura Analysts at Nomura offered their model for the CNY fix today. Key Quotes: "Our model projects the fix to be higher by 91 pips from the previous fix (6.4915 from 6.4824) and higher by 57 pips from the previous spot USD/CNY official close 6.4858...
Central Bank Influence Waning Through Transparency, Credibility Talking Points: Relative monetary policy has proven one of the most productive and influential market moving themes Direct or implicit intervention carries market sway so far as transparency and credibility allow Where the PBoC is ve...
Pivot Points Hourly Last Updated: Mar 22, 4:15 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.12111 1.12229 1.12293 1.12347 1.12411 1.12465 1.12583 USD/JPY 111.45 111.733 111.835 112.016 112.118 112.299 112.582 GBP/USD 1.43492 1.436 1.43664 1.43708 1.43772 1.43816 1.43924 USD/CHF 0.96687 0...
The USD/CAD has collapsed after its parabolic rise ended in mid-January, when oil prices first showed signs of stabilisation. Since peaking at just shy of 1.4700, the Loonie has tumbled to below 1.30, hitting a low of 1.2925 last week...
U.S. Existing Home Sales Tumble in Warning Sign for Housing Market A house-for-sale sign is seen inside the Washington DC Beltway in Annandale, Virginia January 24, 2016. Reuters/Hyungwon Kang/Files...
Brexit Uncertainties Unlikely to Cause Sharp Sell-Off in Cee Assets While Emerging Markets in 3Q15 recorded the strongest portfolio capital outflows since 2008, CEE managed to avoid heavy sell-offs...
U.S. Existing Home Sales Pull Back Much More Than Expected In February After reaching their highest annual rate in six months in January, existing home sales in the U.S...
WTI Survives Above $41.00 Crude oil prices have managed to leave behind the initial offered tone, recovering the area of highs above the $41.00 mark...
The US dollar is beginning the week mostly firmer against the major and emerging market currencies. The Japanese yen, where local markets were closed for the spring equinox is up slightly, and the Australian dollar turned higher in the European session...
Swedish Companies More Optimistic On Economy: Riksbank Survey Swedish companies are now more optimistic about the economic situation though they facing difficulties in raising prices, results of the Riksbank's February 2016 Business Survey showed Monday...
Australian Dollar Off Early Lows Against Most Majors The Australian dollar came off from its early lows against most major counterparts in European trading on Monday. The aussie recovered to 0.7626 against the greenback and 85.07 against the yen, off early 4-day low of 0...
Croatia Retail Sales Fall For First Time In 5 Months Croatia's retail sales decreased at the start of the year, after rising in the previous four months, figures from the Croatian Bureau of Statistics showed Monday. Retail sales volume dropped a seasonally and working-day-adjusted 0...
UK: Politics is Going to be More Important than Economics - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that the politics is going to be more important than economics for the next three months in the UK and so far, both major political parties seem pretty keen on tearing the...
Australian Stock Exchange CEO Quits Amid Bribe Investigation The head of Australia's main stock exchange resigned on Monday amid an investigation into allegations that a gaming firm he once ran made a bribery payment several years ago to the family of Cambodia's prime minister...
Asian Stocks Gain as Shanghai Composite Jumps to Two-Month High Asian stocks rallied in late trading, with a regional gauge erasing declines, as Chinese shares climbed above the 3,000 level for the first time since January after policy makers loosened controls on margin lending...
Italy Current Account Deficit Narrows In January Italy's current account deficit decreased slightly in January from a year ago, figures from the Bank of Italy showed Monday. The current account deficit narrowed to EUR 1.07 billion in January from EUR 1...
Brexit Could Cost UK £100bn – Investec Research Team at Investec, notes that the report commissioned by the CBI and carried out by accountancy firm PwC, warns a Brexit could potentially cost the country £100bn and nearly one million jobs by 2020...
Risk Recovery More Important than Data for USD - BNPP Research Team at BNP Paribas, suggests that the Fed Presidents Lacker and Lockhart speak today and may emphasize the possibility that policy could be tightened in June, even as these comments could be balanced by the more dovish Presidents Eva...
