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...
GBP: Volatility Ahead? - Rabobank Jane Foley, Research Analyst at Rabobank, notes that the Bank of England Governor Carney yesterday defended the warnings over a Brexit that were contained in the Bank’s policy statement last week...
Traders wanting to know what November’s U.S. presidential election will mean for the dollar need look no further than the U.K. The pound plunged to a seven-year low and volatility soared, exceeding all other Group-of-10 nations, on risks created by a referendum on European Union membership...
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...
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...
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...
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...
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”...
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...
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...
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...
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...
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...
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...
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...
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...
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...
