G7, Brexit and Fed Rates - Rabobank Jane Foley, Research Analyst at Rabobank, suggests that usually the FX market is left disappointed by G7 communiques and the FX market tends to be only one part of the agenda that faces finances ministers and central bankers of some of the world’s leading econo...
Fed June Hike Odds can Rise to 45-50% Before they Stabilise - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that US interest rate markets finally “get the message” that June is live, the market implied probability hitting 30% after the hawkish tone in the FOMC minutes from al...
Hawkish Fed Shift to Offer More Support for the USD - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the foreign exchange market has remained relatively stable overnight after absorbing the shock from the strong signal sent by the Fed that it plans to resume rate hikes soon...
European Bonds Mixed in Quiet Trade The European bonds trade mixed on Friday as investors receives no more important data or events for the direction on the last day. On the contrary, future course in bond prices are likely to be ruled by the movements in the crude oil market...
German Bunds Flat in Thin Trade The German bunds traded flat on Friday, succumbing to thin trading activity as market receives no more important data or events on the last day. On the contrary, future course in bond prices are likely to be ruled by the movements in the crude oil market...
Bank of Canada Likely to Remain Dovish, CAD to Remain at Low Levels for Time Being Canada is due to release its inflation report for April today, followed by the central bank’s decision next week. The Bank of Canada is quite calm as the inflation of 1...
Canada: Setting Up for Retail Sales (March) and CPI (April) – TDS Research Team at TDS, suggests that Canada’s retail sales will complete the full swath of activity data for Q1 following the release of manufacturing and wholesale sales earlier this week. Key Quotes “With Q1 GDP tracking at 2...
UK: Consumer Quite Active ahead of Brexit - ANZ Research Team at ANZ, notes that the UK witnessed a very strong retail sales data for April as the headline sales rose 1.3% m/m and March's fall was revised significantly to -0.5% vs -1.3...
RBA’s John: No Quick Fix to Lift Inflation - TDS Research Team at TDS, notes that there was no data out today, but snippets of a Dow Jones interview with RBA Board Member John Edwards got some airplay...
Asian Markets Turn Higher, Gold Stable Above $1250 Major Asian indices are trading on a higher note on the quiet session of Friday. USD/JPY remains supported around 110.00 marks while Gold fails to break key support at $1242 and currently trading around $1255 marks...
Pound Bid on UK Retails Sales - ANZ Analysts at ANZ noted that there were very strong retail sales data for April for the UK overnight. Key Quotes: "Headline sales rose 1.3% m/m and March's fall was revised significantly to -0.5% vs -1.3...
FOMC Minutes Keeping Dollar Bid - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the hawkish tone of the FOMC Minutes kept the dollar running this Thursday, as investors were caught on the wrong side of the market when the Central Bank opened doors for a June rate hike...
Commodities: Oil Solid on Supply Disruption Concerns - ANZ Analysts at ANZ noted that commodities were weaker across the board as the stronger USD weighed on investor sentiment...
Pivot Points Daily Last Updated: May 20, 2:00 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11026 1.11528 1.1177 1.1203 1.12272 1.12532 1.13034 USD/JPY 108.628 109.315 109.629 110.002 110.316 110.689 111.376 GBP/USD 1.44063 1.45084 1.45582 1.46105 1.46603 1.47126 1.48147 USD/CHF 0.97759 0...
Pivot Points Hourly Last Updated: May 20, 2:00 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11857 1.11928 1.1197 1.11999 1.12041 1.1207 1.12141 USD/JPY 109.758 109.845 109.884 109.932 109.971 110.019 110.106 GBP/USD 1.45876 1.45951 1.45995 1.46026 1.4607 1.46101 1.46176 USD/CHF 0.98976 0...
Fed: We Believe FOMC will Wait Until September to Raise Rates - Danske According to analysts from Danske Bank, the minutes from the latest FOMC meeting showed a divided committee and they continue to expect the next rate hike to take place in September...
Stocks Drop as Hike Fears Return Stocks sharply lower at US open June rate hike not such a crazy idea UK consumers bat off Brexit fears Anxiety is setting in for financial markets, as the proposition of another rate hike from the Fed draws the bears out once more...
US Markets Fall as Investors Dump Stocks on Fed Rate-Hike Fears On Thursday, major US stock indices opened lower as mounting fears of an earlier than expected Fed rate-hike decision as early as June, seems to be weighing on investor sentiment...
