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EM FX: Slow Down, You Move Too Fast – Goldman Sachs Kamakshya Trivedi, Research Analyst at Goldman Sachs, suggests that after a few months of rapid appreciation, EM FX is facing n a choppier period...
USD/JPY Tracks Nikkei Higher, 109 – a Whisker Away The extension of gains on the Japanese stocks further fuelled the risk-on sentiment and boosted the bids for USD/JPY, now pushing the rate closer towards 109 handle...
FxWirePro: USD/MXN Bullish Engulfing Appears Despite Shooting Star and Gravestone on Monthly - Don't Be Deceived With On daily charts of USD/MXN, shooting star candle occurred at 17.8410 followed by a bullish engulfing pattern candle also occurred at 17.8379 levels...
FxWirePro: Gold Dips in Early Asia and Now Stabilizes Above $1270, Intraday Bias Remains Neutral XAU/USD is currently trading around $1272 mark. It made intraday high at $1278 and low at $1271 levels. Intraday bias remains neutral till the time pair holds immediate support at $1272 marks...
Guide to Today's Important Data and Events Not many economic dockets scheduled for today and some with high risks associated. Data released so far – Australia – Consumer inflation expectations for May declined to 3.2% from 3.6% prior. Upcoming –...
BoE Won’t Hike if Brexit Occurs – Nomura Research Team at Nomura, notes that Michael Saunders’ appointment to the MPC has renewed concerns that the MPC might hike in response to an inflationary devaluation in a Brexit scenario. Key Quotes “We still view such a response as fundamentally wrong...
BoE: Expect No Fireworks – TDS Research Team at TDS, notes that the BoE has said that it will be firmly on hold until the EU Referendum is out of the way, so the broad consensus of no change in policy. Key Quotes “The accompanying Inflation Report and Press Conference will be where to focus...
EUR/GBP Tests Wednesday’s High Above 0.79, BOE Eyed The cross in the EUR/GBP trades in a flat-lining above 0.79 handle, now catches fresh bids in an effort to take-out Wednesday’s high at 0.7920 as the pound runs through fresh offers in early Europe...
GBP/USD Treads Water Around 1.4450, BOE in Spotlight The bulls tried hard to regain control almost through the Asian session, but in vain, as the GBP/USD pair continues to consolidate the downside on 1...
Inter-market: Risk-off Flows Return in US Hours The market profile turned into a less constructive 'risk on' mode during the last US session, with the S&P 500 erasing almost entirely Tuesday's gains, to end the day near flat levels following a strong bullish gap...
China: Q1 BOP Data Suggests Strong Capital Outflows - Nomura Research Team at Nomura, notes that China’s quarterly Balance of Payment (BOP) data showed that reserve assets fell by a significant USD123bn in Q1 2016, larger than the USD115bn decline in Q4 2015...
CHF: Unresponsive to Positive Inflation Surprise - Nomura Research Team at Nomura, suggests that a few positive Swiss economic data releases such as April CPI inflation are unlikely to change the CHF weakening trend. Key Quotes “April Swiss CPI released on Monday recovered to -0.4% y-o-y from -0...
Asian Markets in Red on the Back of Global Uncertainties, Gold Dips in Early Asia All the major Asian indices are trading on a lower note on Thursday morning on the back of global uncertainties as well as lower commodity prices...
FxWirePro: AXS200 Faces Strong Support at 5300, Good to Buy at Dips Major Support - 5300 ASX200 pares losses made yesterday and slightly jumped till 5367 at the time of writing. It is currently trading at 5346. Short term trend is slightly bullish as long as support 5300 holds...
FxWirePro: Aussie Falls As Inflation Expectation Dips to Fresh 8-Month Low AUD/NZD is trading around 1.0756 marks. Pair made intraday high at 1.0819 and low at 1.0747 marks. MI inflation expectation falls to fresh 8 month low to 3.2% m/m vs 3.6% previous release...
FxWirePro: Nikkei225 Faces Strong Resistance at 100 Day EMA, Good to Sell on Rallies Major resistance - 17000 (100 day EMA) Major support - 16350 (10 day EMA) Nikkei index has declined yesterday after making a high of 16800.It is currently trading around 16484...
Just How Robust is the Mighty US Consumer? - ANZ Research Team at ANZ, suggests that when world growth splutters, producers have traditionally looked to the US consumer to save the day...
Commodities Stronger Across the Board - ANZ Analysts at ANZ noted that commodity markets were stronger across the board as the USD weakened and concerns over supply disruptions rose. Key Quotes: "Crude oil prices rose stronger after an EIA report showed inventories fell last week by 3...
Key Events Coming Up: BoE is the Highlight - Westpac Analysts at Westpac noted the key events taking place today. Key Quotes: "The Bank of England should keep rates at 0.5%, with policy firmly on hold ahead of the UK EU exit vote...
