US: Less Dovish Fed Speak – Investec Research Team at Investec, notes that in terms of US economic data yesterday, the main takeaway was further improvement in US manufacturing, with the March Chicago PMI reading showed an increase of 6pts last month to a better than expected 53.6 (vs. 50...
GBP: Final Reading of Q4 UK GDP Revised Up – Investec Research Team at Investec, notes that yesterday saw UK Quarterly GDP growth for Q4 last year was revised up a touch, to +0.6% from +0.5% previously estimated. Key Quotes “For the year 2015 as a whole, growth was also revised up by 0.1pp, to 2...
BOJ’s Sakurai: Current Yen Not Too High vs its Level in 2012 Bank of Japan’s (BOJ) Sakurai, while commenting on exchange rate said the current level of Yen is not too highs compared to the one seen in 2012...
BoJ Tankan Worsens – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, suggests that the downward risk to USD/JPY is greater under worsening Japan-US economic conditions...
There is No Basis for Continued Depreciation of the Yuan - Xinhua Xinhua News Agency reporting comments from China’s foreign ministry on the Yuan and country’s fiscal policy...
USD: Evidence of FX Reserves Rebalancing – Nomura Research Team at Nomura, suggests that the FX reserves rebalancing may explain some of the weakness in USD...
USD/JPY is Vulnerable to a Resolution - Scotiabank Eric Theoret, CFA, CMT FX Strategist at Scotibank explained that JPY is steady consolidating its recent gains, trading around the mid-point of its multi-month range...
GBP Voltility and Tin Hats - Rabobank Analysts at Rabobank explained that the value of the UK trade weighted index has plunged around 6% since the start of the year...
AUD: Temporary Strength but Long Term Weakness to Prevail – ANZ Research Team at ANZ, suggests that the recent rally in the AUD has coincided with a basing in commodity prices, but in fact it represents a repricing of global recessionary risk...
CAD: All Eyes on January GDP Data - BBH Research Team at BBH, suggests that the Canada reports January GDP today. Key Quotes “It is expected to rise 1.1% y/y vs. 0.5% in December...
Sterling: Unsettled by Politics - ANZ Research Team at ANZ, suggests that the opinion polls on the outcome of the referendum on EU membership (23 June) continue to show a very close-run contest...
Turkish Lira At More Than 4-Month High Vs U.S. Dollar After Strong GDP Data The Turkish Lira firmed against the U.S. dollar in European deals on Thursday, as Turkey's economy expanded at a faster-than-expected pace in the fourth quarter of 2015...
Renminbi Series: Yuan-Hibor Turns Negative First Time Ever Remember the Hibor? That came notoriously famous as after this Yuan based, Hong Kong interbank offered rate, in January reached 66.8% in January...
Euro Higher After Eurozone Consumer Price Inflation The euro gained ground against the other major currencies in European trading on Thursday, after data showed that inflation in the euro area improved modestly in March, albeit remaining negative due to sharp falls in the energy prices...
Pound Rises As U.K. GDP Revised Up The British pound strengthened against the other major currencies in the early European session on Thursday, after data showed that the U.K. economy expanded more than previously estimated in the fourth quarter...
USD Continues to Suffer - Investec Research Team at Investec, suggests that yesterday currency markets enjoyed a 'risk on' feel as the US Dollar continued to suffer in the aftermath of Fed Chair Janet Yellen's cautious rhetoric on Tuesday...
JPY: Q2 Theme will be Further Unwinding of Yen Strength - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that this morning’s weekly Japanese securities investment data reinforce his view that one Q2 theme will be some further unwinding of yen strength...
Expect Downward Pressure on the JPY Going Forward - NAB Research Team at NAB, notes that the Japan’s foreign exchange reserves remain high, and at USD1.25 trillion are the second highest in the world, after China...
JPY: Impact on Economy of Strong Yen – Nomura FX strategy team at Nomura, had lowered its end-2016 USD/JPY forecast to 122, from 130...
