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AUD: Plenty of Fuel for Further Decline - Westpac Sean Callow, Research Analyst at Westpac, notes that the CTFC’s Commitment of Traders report showed the expected further reduction in speculative AUD net long positions in the week to 10 May (i.e. including the response to the RBA’s SoMP...
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Roberto Jacobs, 16 May 2016, 07:16
Fed: What is Needed to Secure Another Rate Hike? - ING James Smith, Economist at ING, suggests that the key to the next FOMC rate hike now lies with a pick-up in US activity data. Key Quotes “Three conditions needed to secure another rate hike from the Fed...
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Roberto Jacobs, 16 May 2016, 06:52 #Fed
US Retail Sales Bounces Back but More is Required for a Rate Hike - ING James Knightley, Research Analyst at ING, notes that the US retail sales for April were up 1.3%MoM, above the 0.8% consensus while the “control group” which strips out some of the most volatile components reported growth of 0...
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Roberto Jacobs, 16 May 2016, 06:14
US: No Need for Excessive Pessimism - BNP Analysts from BNP Paribas, explained that the US labour market has been losing momentum, which could be additional evidence of the soft patch the economy went through in early 2016 and could also signal further slowdown on the horizon...
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Roberto Jacobs, 13 May 2016, 19:02
What do Fed Funds Futures Tell Us? Are they a Short? Do Fed Funds futures really tell us what the Fed will do? The answer to that question is a resounding “no”...
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Roberto Jacobs, 13 May 2016, 18:30
UK: Super Thursday Failed to Excite – Investec Research Team at Investec, notes that ‘Super Thursday’ managed to bring some momentum to the foreign exchange market yesterday, helping GBPUSD break above 1.45 and GBPEUR break the 1.27 mark but gains were very short-lived...
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Roberto Jacobs, 13 May 2016, 14:06
USD: News and Data Flow Could well Provide Some Fresh Legs - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that the news and data flow next week could well provide the USD with some fresh legs. Key Quotes “April headline CPI for example likely to print as high as +0.4/0...
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Roberto Jacobs, 13 May 2016, 07:56
US: Data Drought Finally Com Research Team at TDS, suggests that the US data drought finally comes to an end today with the release of retail sales, producer prices, business inventories and consumer sentiment...
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Roberto Jacobs, 13 May 2016, 07:33
Bank of England Sidelined Waiting for Referendum - Danske Today the Bank of England, as expected kept rates and the asset purchase program unchanged. According to analysts from Danske Bank, the BoE will not do anything ahead of June 23 Brexit referendum...
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Roberto Jacobs, 12 May 2016, 20:12 #Bank of England
GBP: Nothing in the BoE Policy Package to Sustain a Rally - TDS Analysts from TDS, point out that markets had a limited response to today’s events from the Bank of England, that left the interest rate unchanged as expected...
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Roberto Jacobs, 12 May 2016, 19:30
Bank of England Decision Out Shortly - BBH Research Team at BBH, suggests that the Bank of England decision will be out shortly and the quarterly inflation report will be presented at the end of the MPC meeting...
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Roberto Jacobs, 12 May 2016, 12:46 #Bank of England
BoE: Governor Carney will Tread Carefully with Brexit - MUFG Derek Halpenny, European Head of GMR at MUFG, suggests that on a one-month basis, it is the pound that is the best performing G10 currency in part perhaps due to the failure of the ‘Leave’ campaign to make any serious advances ahead of...
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Roberto Jacobs, 12 May 2016, 12:33
BoJ Intervention Threat: Lots of Barking - Westpac Sean Callow, Research Analyst at Westpac, suggests that rarely have we heard so many threats of intervention from Japanese officials without these being delivered...
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Roberto Jacobs, 12 May 2016, 10:16
EM FX: Slow Down, You Move Too Fast – Goldman Sachs Kamakshya Trivedi, Research Analyst at Goldman Sachs, suggests that after a few months of rapid appreciation, EM FX is facing n a choppier period...
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Roberto Jacobs, 12 May 2016, 08:09 #Goldman Sachs
BoE Won’t Hike if Brexit Occurs – Nomura Research Team at Nomura, notes that Michael Saunders’ appointment to the MPC has renewed concerns that the MPC might hike in response to an inflationary devaluation in a Brexit scenario. Key Quotes “We still view such a response as fundamentally wrong...
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Roberto Jacobs, 12 May 2016, 07:32
BoE: Expect No Fireworks – TDS Research Team at TDS, notes that the BoE has said that it will be firmly on hold until the EU Referendum is out of the way, so the broad consensus of no change in policy. Key Quotes “The accompanying Inflation Report and Press Conference will be where to focus...
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Roberto Jacobs, 12 May 2016, 07:29
Key Events Coming Up: BoE is the Highlight - Westpac Analysts at Westpac noted the key events taking place today. Key Quotes: "The Bank of England should keep rates at 0.5%, with policy firmly on hold ahead of the UK EU exit vote...
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Roberto Jacobs, 12 May 2016, 06:24
BoE: Losing Momentum - Rabobank Jane Foley, Senior FX Strategist at Rabobank, suggests that the publication of the Bank of England’s May Quarterly Inflation Report comes just over a month before the UK goes to the polls to determine whether the country will remain within or leave the EU...
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Roberto Jacobs, 11 May 2016, 14:06
How US Politics will Impact FX – Deutsche Bank Alan Ruskin, Macro strategist at Deutsche Bank, suggests that the channels through which the coming election will influence the USD are complex and sometimes contradictory - which will probably mute the response to some degree...
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Roberto Jacobs, 11 May 2016, 14:02
BoE Preview: Silence is Golden - ING James Knightley, Senior Economist at ING, suggests that BoE’s dovish tilt in its forthcoming meet may unleash pent-up GBP weakness. Key Quotes “Loss of UK economic momentum has been sizeable...
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Roberto Jacobs, 11 May 2016, 13:50