As widely expected the BoJ kept interest rate unchanged at its September monetary meeting. The policy balance rate was maintained at -0.1%, while the 10-year yield target was left unchanged at 0...
The Canadian dollar continues to strengthen, pushed by higher expectations of North American Free Trade talks. USD/CAD is trading lower at 1.2948 and weakening since the beginning of the week (-0.68%). The pair is expected to approach the 1.2930 range in the short-term...
Yesterday central banks' schedule was quite packed. Starting with the Turkish central bank decision to raise interest rates to 24%, a rise of 625 bps, while investors were expecting that the CBTR would target 21...
Even though central banks’ meetings took centre stage yesterday, investors were also keeping an eye on key economic data from the US. The August inflation report was released yesterday and came in slightly below market expectations. Headline inflation eased to 2.7%y/y versus forecast of 2...
Crude oil is in full hesitation. Multiple events colliding, putting traders in a difficult situation. In June US inventories fell to a 2-year low and supply risks from both Venezuela and Iran boosted prices. But the trend is reversing...
Today will see action by the Central Bank of Turkey, expected to increase the one-week repo rate by 3.25% to 21%. Any smaller increase would trigger another sell-off in the Turkish lira, which could bring USD/TRY back above 7.0. After falling 1.35% yesterday, USD/TRY edged higher to 6...
Canadian dollar bulls are celebrating. Renewed optimism on NAFTA has pushed USD/CAD lower, as US-Canada trade talks resumed yesterday. Both US President Trump and Canadian Foreign Minister Chrystia Freeland confirmed that negotiations are on track, with both ready to make concessions...
Brexit continues to grab attention: still unsolved are the customs union and the Irish border. A pound rally remains driven by talk, thus driving currency volatility higher...
After falling to a 13-month last Friday, EUR/CHF rose 1% yesterday and continued to grind higher this morning amid improving risk sentiment. Indeed, risk aversion has decreased substantially lately amid positive development in the UK...
EM currency remain under pressure despite heavy devaluation of the past month. Investors have focused on foreign debt holdings to pick winner and losers. Foreign debt in EM have rising significantly in the past few years after a long period of decline...
A very ordinary Monday with market sentiment skewed towards risk-off. With the ECB meeting Thursday investors are taking time to reexamine strategies. Asia equity markets are broadly in the red highlighting the negative macroview...
The German economy did well in the month of August. It managed to overcome the weakness from the first half amid improved manufacturing and service activity while inflation remained below the 2% threshold thanks to more stable currency exchanges across the months of July and August...
It’s payroll Friday. The weakness due to a session of unique corporate events from July has reversed, setting the stage for a solid non-farm payroll employment increase of 220k in August. ADP reported a 163k rise in private employment, slightly below the 200k expected...
Switzerland’s economy is on the rise and appears unaffected by geopolitics. GDP is up 3.4% annually, a pace not seen in the last 8 years! The quarterly GDP advance of 0.7% remains above average (0.4%) for the fifth consecutive time...
Switzerland’s economy is on the rise and appears unaffected by geopolitics. GDP is up 3.4% annually, a pace not seen in the last 8 years! The quarterly GDP advance of 0.7% remains above average (0.4%) for the fifth consecutive time...
Emerging market currencies and world equities suffered another sell-off yesterday as investors remained worried that the crisis in Turkey and Argentina could spread to other vulnerable emerging market economies...
Asia’s fastest growing economy, India, is in good shape. Q2’s GDP grew 8.2%, its highest pace since Q1 2015. 2018’s GDP could end up rising 7.5%, in line with the Reserve Bank of India forecasts. The Indian economy remains less dependent on external demand for growth...
Fears of contagion related to the Turkish banking system continues to spread, pushing the Turkish lira downward as inflation continues to grow at a higher pace than expected...
Japan’s economic data this week remain subdued, with a continued slowdown in industrial production in July, consumer consumption flat and a slight acceleration in inflation for August (CPI annual figures at 1.20%, slightly above consensus at 1%; core at 0.90%), suggesting a weak bounce for Q3 GDP...
