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JPY: Asia Bears Need Abe Too – Deutsche Bank Mallika Sachdeva, Strategist at Deutsche Bank, suggests that the Asian FX gains have been attributed to a mix of seasonality, covering of offshore under-weights on Asian equities, unwind of speculative long USD positions, and reprieve from a dovish Fed...
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Roberto Jacobs, 12 April 2016, 10:04
USD Struggling as Real Yields Head Further into Negative Territory - BNPP Research Team at BNP Paribas, suggests that more broadly the USD is struggling to rebound amid a backdrop of increasingly negative real rates...
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Roberto Jacobs, 12 April 2016, 09:55
Rebounding Iron Ore Prices Support AUD Ahead of Key Employment Report - BNPP Research Team at BNP Paribas, suggests that the commodity currencies have been gradually gaining ground against the USD this week and this comes against a back drop of stable equity markets but a rebound of several key c...
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Roberto Jacobs, 12 April 2016, 09:34
BOJ Reduces Bank Funds That Will be Subject to New Negative Rate - Bloomberg As Bloomberg reports, the Bank of Japan (BOJ) is reducing the share of funds financial institutions keep at the BOJ that will be subject to the new negative interest rate policy...
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Roberto Jacobs, 12 April 2016, 09:15
UK CPI Preview: What to Expect of GBP/USD? UK cost of living as measured by consumer price index (CPI) and core consumer price index is due for release today. Economists expect inflation to have ticked higher in March (0.4% y/y and 0.3% m/m...
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Roberto Jacobs, 12 April 2016, 09:13
RBA Likely to Remain ‘On Hold’ for Now – Westpac Sean Callow, Strategist at Westpac Global Strategy Group, believes the RBA will not deliver further easing in the next months. Key Quotes “The RBA held the cash rate at 2.0% in April as expected...
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Roberto Jacobs, 12 April 2016, 08:37 #RBA
UK CPI and Fed Speak in Focus Today – Danske Bank Research Team at Danske Bank, suggests that several Fed members are due to speak this week. Key Quotes “Today, it is time for Harker, Lacker and Williams to deliver their view on the economy...
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Roberto Jacobs, 12 April 2016, 08:26
ECB’s Villeroy: Low Interest Rates are Consistent with Mandate Speaking on Radio Classique, ECB governing council member and Bank of France governor Villeroy said that Europe needs a finance minister in place, besides commenting on the inflation outlook...
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Roberto Jacobs, 12 April 2016, 07:57
EUR/GBP Flirting with 0.8000, UK Data Eyed EUR/GBP is looking to stabilize in the 0.8000 area following yesterday’s sharp pullback from the 0.8100 neighbourhood...
Currency
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Roberto Jacobs, 12 April 2016, 07:55
What COFER Data Imply for Chinese Reserves? - Nomura Research Team at Nomura, suggests that the inclusion of Chinese reserves data into COFER makes it difficult to follow what FX reserve managers are doing, while increasing expectations on the allocation of the Chinese reserves portfolio...
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Roberto Jacobs, 12 April 2016, 07:06
Negative Interest Rate Economies: Spot the Odd One Out – Deutsche Bank Oliver Harvey,Macro strategist at Deutsche Bank, suggests that Central banks’ experiment with negative interest rates continues apace this year, with the BoJ the latest to have dipped a toe in the water and the ECB edging furt...
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Roberto Jacobs, 12 April 2016, 06:26
USD Longs Fall Sharply, Now the Market is Almost Flat – Deutsche Bank Research Team at Deutsche Bank, notes that the IMM data has confirmed that investors sharply reduced their long dollar exposure, taking implied USD longs as a fraction of open interest to 4% from 8% in the previous week...
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Roberto Jacobs, 12 April 2016, 06:19
XAG/USD: The USD is Declining Against Safe-Haven Currencies Amid the decline in the USD against gold and the Yen last week was caused by uncertainty in the economic and financial situation in the world, the price of silver went up as well...
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Roberto Jacobs, 11 April 2016, 21:43
BoC Reliant on Weakness in CAD - ING Viraj Patel, FX Strategist at ING explained, in respect of the Bank of Canada (BoC) coming up this week, with the policy rate likely to remain on hold, front-loaded CAD weakness is even more crucial for a central bank deeply reliant on export-led growth...
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Roberto Jacobs, 11 April 2016, 21:07
A Rise in Protection Against Yen Strength - Scotiabank Analysts at Scotiabank explained that the JPY is soft following a short-lived break to a fresh cycle high driven by stronger than expected machine orders data...
Currency
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Roberto Jacobs, 11 April 2016, 21:05
US Dollar Surrenders Gains, Near 94.10 ahead of Fed The greenback, tracked by the US Dollar Index, has faded the earlier bullish attempt towards the 94.30/35, returning the 94.10 area. US Dollar now looks to Fed The index keeps the trade in the area of yearly lows in the vicinity of the 94...
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Roberto Jacobs, 11 April 2016, 14:07
Yen Rally Getting a Bit Extended Yen is enjoying its longest and strongest rally since the financial crisis, however that rally is looking a bit stretch now in the very near term and there could be short covering in USD/JPY, if equities rally or Dollar strengthens...
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Roberto Jacobs, 11 April 2016, 13:40
China: Housing Supports CPI Inflation; Subsiding PPI Deflation - ING Tim Condon, Chief Economist at ING, suggests that the evidence of demand-side CPI pressure and narrowing PPI deflation lessen the case for PBOC rate cuts...
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Roberto Jacobs, 11 April 2016, 13:17
Weakness of the US Economy has Undermined the Greenback - BBH Research Team at BBH, suggests that the weakness of the US economy and the caution by the Federal Reserve to raise rates again after the December lift-off has undermined the greenback...
Currency
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Roberto Jacobs, 11 April 2016, 13:11
Fed Speakers Along with BoE and BoC to Take Centre Stage This Week – Rabobank Jane Foley, Senior FX Strategist at Rabobank, suggests that there are no key data releases today although scheduled speeches from the Fed’s Dudley and Kaplan will ensure the outlook for Fed policy remains a prime focus...
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Roberto Jacobs, 11 April 2016, 12:37