FxWirePro: Hedging Baskets in Asian Crosses ahead of Economic Data Turbulence The Thai economy grew by 0.9% on a QoQ seasonally adjusted basis in the March quarter of 2016, compared to a 0.8% growth in the previous quarter and above market consensus of a 0...
U.S. Treasuries Slide on Firm Economic Data The U.S. Treasuries slumped on Tuesday as consumer price index ticked higher in April. Firmer U.S housing starts also added to the downfall. The yield on the benchmark 10-year Treasury note which moves inversely to its price rose 1bp to 1...
Curb Your (Dollar) Enthusiasm: For Now - TDS Ned Rumpeltin, European Head of Currency Strategy at TD Securities, outlines their core G10 FX views for the period ahead. Key Quotes “After several months of weakness, the USD has traded with a generally better tone since the start of May...
Cable Goes on a Tear Market Drivers May 17, 2016 UK Powers through 1.4500 but loses it on cold CPI data RBA minutes suggest hold Nikkei 0.13% Dax 0.12...
Sterling and the AUD at Their Highest Correlation in Nearly Four Years - BBH Research Team at BBH, have argued that the place to look for investor anxiety about the UK referendum is not the spot market but the options market. Key Quotes “At the start of next week, it is a month away...
Japan’s GDP Preview: Scraping Through - ING James Smith, Economist at ING, suggests that this week’s Japanese GDP figure may show that the economy narrowly missed recession, but demand remains weak and will keep the pressure on policymakers to act...
AUD Gains More Intuitively Clear - BBH Research Team at BBH, suggests that the Australian dollar's gains appear more intuitively clear after the minutes from the recent RBA meeting indicated that it was a close decision...
AUD on a High after RBA Minutes - Investec Research Team at Investec, notes that the Australian Dollar rallied as the minutes from their recent rate cut meeting showed the RBA board members considered leaving the interest rate unchanged so they could await more information before finally opting t...
Ahead we have UK CPI from which could be a major mover with US CPI later in the NY session. EURGBP long was stopped out on pound strength along with the recent Brexit poll that showed 55% to stay versus 40% to leave...
The dollar weakened Monday against the euro and a host of other rivals after Federal Reserve data showed a decline in New York-area manufacturing activity. The euro EURUSD, +0.1945% rose to $1.1331 in recent trade, up from $1...
Australia Weekly Consumer Confidence Ticks Up, Sharp Views on Economic Outlook Supports Australia weekly consumer confidence for the week ending May 15 ticked higher for the third straight week, remaining well above its long run average, highly driven by sharp consumer views on the outlook of the...
RBA Rate Cut a Close Call, Highlights Board Meeting Minutes The Reserve Bank of Australia minutes of the Board meeting highlighted that the decision of the central bank to ease interest rates is a close call...
Key Events for the Day – Rabobank Michael Every, Head of Financial Markets Research at Rabobank, lists down the key events for the day ahead. Key Quotes “Today will be supplying us with a few numbers to satiate our demand...
CAD Longs Greatest Since February 2013 – Deutsche Bank Research Team at Deutsche Bank, notes that the IMM data show that investors significantly reduced their bearish positioning in USD, taking implied USD shorts as a fraction of open interest to -5% from -8% in the previous week...
ECB's Weidmann: Criticism of ECB Policy May be Due to Blurring of Monetary & Fiscal Bounds Speaking in an interview with Die Welt and reported via Reuters, ECB governing council member and Bundesbank President Jens Weidmann noted the following: Criticism of ECB policy may be because some meas...
RBNZ Q2 Inflation Expectations Y/Y Remains Unchanged at 1.6% NZ inflation expectations, the Reserve Bank of New Zealand’s (RBNZ) closely watched gauge, bettered previous surveys. NZ Q2 Inflation Expectations y/y remains unchanged at 1.6% NZ Q2 2 year inflation expectations came in at 1...
Weak Wage Price Index Could Intensify Expectations for a RBA June Rate Cut The Reserve Bank of Australia (RBA) cut the cash rate to a record 1.75 per cent at its recent monthly board meeting, and analysts expect it could be heading towards one per cent before the end of the year...
EUR Shorts Reduced for Eight Consecutive Weeks - Rabobank Jane Foley, Research Analyst at Rabobank, lists down the IMM Net Speculators’ Positioning as at 10 May 2016...