ECB to Maintain Its Patient Stance - Danske Pernille Bomholdt Henneberg, Senior Analyst at Danske Bank affirmed that they expect the European Central Bank (ECB) to maintain its patient stance on Thursday...
OPEC Meeting is Expected to Retain the Status Quo - TDS Research Team at TDS, suggests that the June 2nd OPEC meeting is expected to retain the status quo as the current policies have been successful in lifting prices and rebalancing physical markets...
Oil prices fell after the resumption of Canadian producers production processes and the approach of the OPEC delegates meeting Oil prices tumbled for the third straight day, with the support of the Canadian producers resume production after a break over the previous two weeks on the one hand and...
European Shares Swung Between Gains and Losses Today European shares swung between gains and losses today, in an uneventful session ahead of Yellen’s speech this evening. US equities opened slightly higher...
Brexit Fears Eased Further This Week News this week In general, opinion polls continue to indicate a close race, with ‘remain' slightly ahead...
NZD: Resistant to Local Factors - ANZ Research Team at ANZ, suggests that the NZD remains a strong currency despite signs of hardship within the NZ dairy sector...
CAD: Bank of Canada in Wait-and-See Mode – Commerzbank Dr Jörg Krämer, Chief Economist at Commerzbank. Suggests that economic risks resulting from the lower oil price had prompted the Bank of Canada (BoC) to lower key interest rates to 0...
AUD: Vulnerabilities to Remain – ANZ Research Team at ANZ, suggests that impending risks are not fully priced into the AUD and they continue to forecast a lower AUD by year end. Key Quotes “The AUD has sold-off sharply over the last month...
USD: New Phase in the Appreciation Cycle – ANZ Daniel Been, Senior FX Strategist at ANZ, suggests that the dollar is back as the recalibration of Fed rate hike expectations drove a sharp recovery in US real yields and a broad USD rally has taken hold...
ECB Could Take a Further Step This Year - Commerzbank Dr Jörg Krämer, Chief Economist at Commerzbank, suggests that as core inflation should tend to disappoint the ECB and the euro looks set to continue appreciating, we expect the central bank to ease its monetary policy again later this year...
Japan Abe Set to Delay Sales Tax Hike, Meet with Aso to Discuss - Govt Sources Reuters reporting headlines quoting government sources, Japan’s PM Abe is likely to announce a delay in the sales tax hike and will hold a meeting with finance minister Aso in coming days to discuss the same...
G7 Confirms Commitment to Market Determined FX Rates G7 communique also contains references to FX, noting that the G7 confirms commitment to market determined FX rates Headlines We affirm our existing exchange rate commitments to market determined FX rates...
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Another Bremain Positive Poll Lifts GBP: New Lows Against the EUR, Bid Tone in the USD Limits Cable GBP provided the early volatility in the FX markets, as the latest EU poll from Telegraph/ORB continued show the ‘remain’ camp extending their lead – Tory voters and older generations moving back o...
World Trade Still in the Dull Drums - ING Raoul Leering, Head of International Trade Analysis at ING, explained that global trade declined in March and during the first quarter but global industrial production increased. Key Quotes: “World trade is still in the dull drums...
China: Rising Debt Levels a Concern - BNZ Jason Wong, Currency Strategist at BNZ, suggests that one of the key emerging risks in China is the extent of leverage in the economy. Key Quotes “Credit growth has exploded since the global financial crisis...
NZD: China Risks – BNZ Jason Wong, Currency Strategist at BNZ, suggests that the outlook for China remains a key source of downside risk for the NZD. Key Quotes “Debt levels in China are rising at an unsustainable pace and ultimately represent a hand-brake on growth...
Oil of Day’s Low to $48.00 Mark, Eyeing API Inventory Data WTI crude oil prices remained suppressed for the third consecutive session, weighed down by a stronger US Dollar and as concerns of global supply glut resurface. At the time of writing, the commodity was hovering around $48...
AUD: How High Can 3s Trade? – RBC CM Research Team at RBC Capital Markets, notes that the Australian 3s have shifted into higher trading range and will be well supported back towards cash. Key Quotes “Recent history suggests that 3s can test 40bp through (1.35% / 98.65 on 3y futures...
