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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...
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Roberto Jacobs, 20 May 2016, 14:03
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...
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Roberto Jacobs, 20 May 2016, 13:39
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...
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Roberto Jacobs, 20 May 2016, 13:31 #Fed
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...
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Roberto Jacobs, 20 May 2016, 12:39
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...
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Roberto Jacobs, 20 May 2016, 07:34
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...
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Roberto Jacobs, 20 May 2016, 07:31
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...
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Roberto Jacobs, 20 May 2016, 03:28
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...
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Roberto Jacobs, 20 May 2016, 03:23
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...
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Roberto Jacobs, 19 May 2016, 18:50 #Fed
ECB Committed to Bring Inflation to Target Without Undue Delay Minutes of the European Central Bank’s April meeting showed that the bank wants to leave absolutely clear that it is committed to revive inflation in the Eurozone...
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Roberto Jacobs, 19 May 2016, 14:42 #ECB
AUD: Monetary Policy is a Key Factor - BBH Research Team at BBH, suggests that the monetary policy is a key factor in the Australian dollar. Key Quotes “The rate cut and dovish posture of the RBA has seen accelerated the retracement of the Aussie's run-up in the first four months...
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Roberto Jacobs, 19 May 2016, 14:38
RBA Considered Postponing Rate Cut – Westpac Research Team at Westpac, suggests that the RBA minutes earlier in the week were less dovish than expected...
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Roberto Jacobs, 19 May 2016, 14:32 #RBA
JPY: Abe Expected to Unveil a Larger Liscal Program - BBH Research Team at BBH, notes that at the last G20 meeting, Japan may have been questioned about its unexpected rate cut at the end of January...
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Roberto Jacobs, 19 May 2016, 13:44
USD Now Shifted the Focus to June – Westpac In opinion of Richard Franulovich, Strategist at Westpac, the greenback will take centre stage in the run up to the Fed meeting in June...
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Roberto Jacobs, 19 May 2016, 13:41
Dollar Consolidates after Yesterday's Big Gains - BBH Research Team at BBH, notes that the FOMC minutes came in on the hawkish side and the statement that “most” Fed officials saw a June hike as “likely” if warranted by the economy did the trick...
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Roberto Jacobs, 19 May 2016, 13:38
Fed Minutes Highlight a Committee that Want to Raise Rates – Deutsche Bank Research Team at Deutsche Bank, notes that the Fed minutes last night highlight a committee that continues to want to raise rates whenever they can push it through...
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Roberto Jacobs, 19 May 2016, 13:32
Market Was Caught Off Guard by Hawkish FOMC Minutes - TDS Cristian Maggio, Head of Emerging Markets Strategy at TD Securities, suggests that the market was caught off guard by hawkish minutes from the 27 April FOMC meeting and is all of a sudden reassessing its views on US monetary policy...
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Roberto Jacobs, 19 May 2016, 13:30
GBP: Currency Index & Volatility Relative Currency Strength Although the Pound Sterling Index was moving below the base line over the vast part of the period ended May 17, by the last day of it this currency managed to regain quite enough strength to close with an increase of 0.38...
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Roberto Jacobs, 19 May 2016, 11:01
Fed Signals Rate Hike in June on Conditions of Economic Improvement The minutes of the April 26-27 Federal Reserve Open Market Committee Wednesday signaled markets of a possible rate hike in June, if the US economy good track of improvement...
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Roberto Jacobs, 19 May 2016, 08:18
Australia: Not Yellen Yet, Just Hinting – ANZ Research Team at ANZ, suggests that low volatility, even lower bond yields globally, and tighter credit spreads have provided a favourable backdrop for Australian corporates to issue and investors hungry for yield are providing a willing buyer...
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Roberto Jacobs, 19 May 2016, 07:59