UK March Headline Inflation Expected at 0.2% y/y - TDS Research Team at TDS, suggests that there were sharp cuts to many gas providers’ prices in March, but it’s not clear if the ONS will pick them up in March’s or April’s CPI release...
What COFER Data Imply for Chinese Reserves? - Nomura Research Team at Nomura, suggests that the inclusion of Chinese reserves data into COFER makes it difficult to follow what FX reserve managers are doing, while increasing expectations on the allocation of the Chinese reserves portfolio...
Asian Markets Mix Again, Gold Remains supported Above $1250 Asian markets continue to trade on mix note without providing any directions for the short term. The USD/JPY was trading 0.23% higher at 108.18 on Tuesday morning in Tokyo, having fallen as low as 107...
Negative Interest Rate Economies: Spot the Odd One Out – Deutsche Bank Oliver Harvey,Macro strategist at Deutsche Bank, suggests that Central banks’ experiment with negative interest rates continues apace this year, with the BoJ the latest to have dipped a toe in the water and the ECB edging furt...
USD Longs Fall Sharply, Now the Market is Almost Flat – Deutsche Bank Research Team at Deutsche Bank, notes that the IMM data has confirmed that investors sharply reduced their long dollar exposure, taking implied USD longs as a fraction of open interest to 4% from 8% in the previous week...
AUD: BS Shows Significant Improvement in Business Conditions and Confidence - NAB Research Team at NAB, notes that the Australia’s NAB Business Survey revealed a significant improvement in both business conditions and confidence, suggesting the domestic business environment not only remains favou...
Deutsche Bank has an interesting argument for why the Federal Reserve may not be able to raise interest rates at all this year...
Europe's economic malaise has a lot to do with its crippled banking system. Making that system more fragile seems like the wrong way to address the issue...
XAG/USD: The USD is Declining Against Safe-Haven Currencies Amid the decline in the USD against gold and the Yen last week was caused by uncertainty in the economic and financial situation in the world, the price of silver went up as well...
Brent: Fundamental Facts Caused the Rise in Oil Prices Technical analysis Fundamental factors of last week caused the rise in oil prices last week. Alternative scenario to proved to be correct. The price broke out resistance level of 41.10 and went further up 42.30 and 44...
Brent: The Trice of Oil Went Up Last Week Fundamental news of last week triggered correction in oil prices. Last Friday the prices continue to rise after the release of the data from Baker Hughes, which showed that the number of operating drilling rigs in the USA has dropped by 8 units to 354...
BoC Reliant on Weakness in CAD - ING Viraj Patel, FX Strategist at ING explained, in respect of the Bank of Canada (BoC) coming up this week, with the policy rate likely to remain on hold, front-loaded CAD weakness is even more crucial for a central bank deeply reliant on export-led growth...
A Rise in Protection Against Yen Strength - Scotiabank Analysts at Scotiabank explained that the JPY is soft following a short-lived break to a fresh cycle high driven by stronger than expected machine orders data...
Pivot Points-Hourly Last Updated: Apr 11, 5:00 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.13253 1.13752 1.14075 1.14251 1.14574 1.1475 1.15249 USD/JPY 107.456 107.824 107.953 108.192 108.321 108.56 108.928 GBP/USD 1.41636 1.42124 1.42443 1.42612 1.42931 1.431 1.43588 USD/CHF 0.94292 0.94743 0...
US Stock Futures Rise, Investors Eye Alcoa Earnings US stock futures are trading on a positive note today as risk appetite strengthened in Europe, while investors await Alcoa results. At the time of writing, Dow futures were trading 64 points or 0.37% higher...
WTI Off Highs, Returns to $40.00 The barrel of the West Texas Intermediate (WTI) keeps its daily gains today, albeit it has retraced the earlier spike to levels above the $40.00 mark. WTI looks to regain the $40.00 handle Crude oil prices have bounced off last week’s lows in the $35...
China: Important Inflation Numbers Out – Deutsche Bank Research Team at Deutsche Bank, suggests that there were important inflation numbers out of China this morning. Key Quotes “CPI for the month of March has printed at +2.3% yoy which was a smidgen below expectations (of +2...
US Dollar Surrenders Gains, Near 94.10 ahead of Fed The greenback, tracked by the US Dollar Index, has faded the earlier bullish attempt towards the 94.30/35, returning the 94.10 area. US Dollar now looks to Fed The index keeps the trade in the area of yearly lows in the vicinity of the 94...
Yen Rally Getting a Bit Extended Yen is enjoying its longest and strongest rally since the financial crisis, however that rally is looking a bit stretch now in the very near term and there could be short covering in USD/JPY, if equities rally or Dollar strengthens...
