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There is no trade call for the session. As always on Mondays I prepared the currency update so you can familiarize with the situation in the markets. Currency Update USD: Employment figures for March were solid with 215,000 jobs added, a rise of 0...
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Sherif Hasan, 11 April 2016, 09:37
USD Short Remains Moderate - BNPP James Hellawell, Research Analyst at BNP Paribas, lists down the FX positioning analysis data for the week ending 11th April. Key Quotes • “AUD and CAD positioning is light at scores of +1 and -2 respectively while NZD short positions remain large at -27...
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Roberto Jacobs, 11 April 2016, 09:35
BoE: Most Important Event for the UK – Danske Bank Research Team at Danske Bank, suggests that in the UK, the most important event this week is the Bank of England (BoE) meeting on Thursday. Key Quotes “We expect the BoE to maintain the Bank Rate and stock of purchased assets unchanged at 0...
Currency
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Roberto Jacobs, 11 April 2016, 09:29
Yen to Remain on Rise on Japan's Delicate Intervention Situation – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, notes that the USD/JPY slid below ¥110 last week and this is the internal base rate for many Japanese exporters in the new fiscal year...
Currency
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Roberto Jacobs, 11 April 2016, 09:27
China: Strong Reasons for the PBOC to Stay the Course - ING Tim Condon, Chief Economist at ING, assumes that the PBOC is likely to keep the NEER steady and ING’s forecast that USD/Majors will be range bound is behind their yearend 6.47 USD/CNY forecast...
Currency
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Roberto Jacobs, 11 April 2016, 07:38 #China
With the world economy entering a more uncertain phase and the top central banks sounding ever more cautious, attention may turn in the coming week to signs of whether years of aggressive stimulus have yielded any significant rise in inflation. The U.S...
Currency
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Francis Dogbe, 10 April 2016, 17:09 #inflation
Fed’s Dudley – Cautions Approach to Rate Hikes Appropriate New York Fed’s Dudley, while speaking in Connecticut, said a cautious and gradual approach to rate hikes is appropriate...
Currency
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Roberto Jacobs, 8 April 2016, 14:46
BoE Could be a ‘Non-Event’ Next Week – TDS In opinion of strategists at TD Securities, the Bank of England would leave unchanged its monetary conditions at its meeting next week...
Currency
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Roberto Jacobs, 8 April 2016, 14:29
Treasury Yields Rise on Oil and US Growth Prospects Treasury prices in the US fell, pushing the yields higher, tracking rise in oil prices and prospects of a pickup in the US economy. At the time of writing, US 10-yr treasury yield was up almost three basis points at 1.715...
Currency
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Roberto Jacobs, 8 April 2016, 14:10
Canada is Expected to Have Grown 10k Jobs in March - BBH Research Team at BBH, suggests that the Canadian dollar’s advance has cut this week’s decline in half and today’s employment data will likely determine how it finishes the week...
Currency
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Roberto Jacobs, 8 April 2016, 14:07
GBP During the Campaign Period - Nomura Research Team at Nomura, suggests that currently, bookmakers’ odds imply the probability of Brexit is around 33...
Currency
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Roberto Jacobs, 8 April 2016, 14:04
Japan Reported Larger than Expected Currency Account Surplus - BBH Research Team at BBH, notes that Japan did report a larger than expected February currency account surplus. Key Quotes “It rose to JPY2.435 trillion, the most since March 2015, from JPY520 bln in January...
Currency
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Roberto Jacobs, 8 April 2016, 13:26
JPY Advancing Streak has been Stopped - BBH Research Team at BBH, suggests that the surging yen has been the main feature in the foreign exchange market in recent days, but its advancing streak has been stopped with today's setback. Key Quotes “The greenback briefly dipped below JPY 107...
Currency
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Roberto Jacobs, 8 April 2016, 13:17
ECB: Members Expressed Concerns About Further Cut in the Deposit Rate - Rabobank Stefan Koopman, Market Economist at Rabobank, suggests that there was a broad agreement among the members of the Governing Council that the inflation and growth outlook had deteriorated since the meeting in December...
Currency
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Roberto Jacobs, 8 April 2016, 12:39 #ECB
JPY: Partial Reversal but Upside Risks to Persist - MUFG Derek Halpenny, European Head of GMR at MUFG, suggests that the Japanese Finance Minister Aso spoke in early Tokyo trading today helping to stem the relentless buying of the yen, expressing concern over the “excessive” and “one-sided” moves...
Currency
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Roberto Jacobs, 8 April 2016, 12:28
Chinese FX Reserves Increase Supported by USD Weakness - Rabobank Stefan Koopman, Market Economist at Rabobank, notes that against all odds, Chinese FX reserves increased by USD 10bn, ending up at USD 3,213bn in March...
Currency
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Roberto Jacobs, 8 April 2016, 12:26
Swiss Fx Reserves Increases in Past 12 Months EUR/CHF was under moderate pressure in the past few days. It is now trading much below the mark of 1.09 again. The new exchange rate regime does not work to avert increase in balance sheet of SNB, according to Commerzbank...
Currency
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Roberto Jacobs, 8 April 2016, 10:33
US: Yellen Provides Balance to Previous Pessimism - MUFG Derek Halpenny, European Head of GMR at MUFG, notes that the Fed Chair Yellen was last night more eager to emphasise the positives while sharing the stage with the previous three Fed Chairmen – Volker, Greenspan and Bernanke...
Currency
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Roberto Jacobs, 8 April 2016, 09:52
Should BoJ Intervene in Yen? We at FxWirePro, think they should not. Even if they still do, it may not yield the result they are looking for. Reasons being simple – According to G20 agreement, currency intervention to exploit trade benefits through competitive devaluations are not to be practiced...
Currency
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Roberto Jacobs, 8 April 2016, 09:41
USD Lacks Underlying Support - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that a spike in risk aversion may save the USD on selected crosses near term but the beyond that the currency lacks underlying support...
Currency
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Roberto Jacobs, 8 April 2016, 09:27