The solid print in retail sales and Empire Manufacturing Index yesterday helped the greenback to catch his breath. Retail sales advanced strongly in July, climbing 0.6%m/m (versus 0.3% expected), while previous month’s reading was revised to +0.3% (from -0.2% initially estimated...
The #digital #currency #Bitcoin retraced gains on Tuesday after surging above the $4,400 level for the first time in its nine-year #history. On the U.S.-based #Bitfinex exchange, Bitcoin was last at $4,065.7, down $176.5 or 4.41%. It earlier set a fresh all-time high of $4,430.0...
A month before the German election, news regarding the German fundamentals data are still positive. Yet, GDP Growth has slightly slowed. The figure, which has been released this morning, came in at 0.6%, a inch below markets’ expectations at 0.7...
The Australian dollar was little changed after the Reserve Bank of Australia published the minutes of its August meeting. AUD/USD was treading water at around $0.7870 following the release. However, in late Asian session the Aussie started to tumble amid a broad-based USD strength...
Japan’s growth came in much higher than forecasted at 1% q/q versus 0.6% for the second quarter. Looking back, this release is the best data in the last two and a half years. It also represents the sixth consecutive quarter of positive GDP growth...
The US dollar came under renewed selling pressure on Friday amid a soft CPI report. Headline CPI printed at 1.7% y/y, while the market was expecting a reading of 1.8%. The core gauge, which excludes the most volatile components, held steady at 1.7%, matching expectations...
Across markets, on average, only 7% of our non-under-contract clients outperform UBS Manage™ Advanced solutions. The figures are even lower for Ultra High Net Worth where, on average, only 5% of our non-under-contract clients have outperformed over the past 5 years. 1...
Next week's key releases start with Chinese data on Monday, followed by GDP data from Europe on Tuesday and Wednesday. The focus should be on whether the generally solid global economic momentum remains in place...
As we mentioned several times, geopolitical tensions were very calm this summer and investors were dropping gold which was very close to $1200 an ounce...
The Japanese yen has been trading on a firmer footing since the beginning of the week as the tensions between North Korea and the United States keep escalating. The Japanese currency, which is fulfilling completely its safe haven role, surged as much as 1...
The New Zealand dollar already started the week on the back foot on the heel of a disappointing second quarter’s inflation figures. It was only the beginning. On Thursday, the Kiwi took another hit but from the central bank this time...
It is very likely that Banxico will maintain tonight its rate differential with the Fed. The Mexican central keeps on trying to avoid capital outflow that would result from a narrower rate differential. As a result Banxico should keep on hold its overnight rate to 7...
Markets did not expect it, German industrial production has surprisingly strongly declined in June to -1.1% (monthly performance) while markets estimated the data to increase around 0.2%. However the overall annualized performance remains positive at 2.4...
The News Zealand dollar tumbled on Monday after a survey showed businesses expect inflation to move south soon. On-year inflation expectations slid to 1.77%y/y from 1.92% three months ago, while two-year ahead inflation expectations fell to 2.09%, down from 2.17% previous reading...
That was not a surprise yesterday, the BoE held rates unchanged at 0.25% and the asset purchase target will be kept at £435 billion. 10 billion of corporate bonds will also be purchased but this does not change from what was previously decided...
Yesterday I argued that the dollar may have reached a bottom and that further weakness is not justified...
The EUR/GBP cross was seen consolidating previous session's strong gains to 10-month highs and oscillated within a narrow trading band just below mid-0.9000s. The cross surged through the key 0.90 psychological mark on Thursday following a dovish assessment of the BoE decision...
Analysts at Nomura noted that the market's interest in Japanese politics has risen further, with Prime Minister Abe reshuffling his cabinet this week. Key Quotes: "There were no major surprises, as he has appointed more veterans and fewer fresh faces...
Early this afternoon, the BoE will announce its key rate that should remain unchanged at 0.25%. Markets estimate that rates should only increase by early 2018. For the time being, the British Central Bank is largely enjoying a weak pound in the wake of the Brexit vote...
