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Anticipation of Fed Policy is Shaping the Investment Climate - BBH Research Team at BBH, suggests that through the first part of the year, the swinging pendulum of expectations for the trajectory of Fed policy has been a major driver in the foreign exchange market...
Currency
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Roberto Jacobs, 6 June 2016, 12:57
RBA Seen ‘On Hold’ Tomorrow – TDS Strategists at TD Securities expect the RBA to keeps its monetary policy unchanged at its meeting tomorrow, at 1.75%. Key Quotes “We expect the RBA to hold at 1.75% after hawkish May Minutes and a string of decent data”...
Currency
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Roberto Jacobs, 6 June 2016, 11:12 #RBA
Fed: Calm Before the Storm? - TDS Research Team at TDS, suggests that the risk assets and broader financial conditions had so far weathered the repricing higher of Fed hike expectations pretty well but the weak payroll report should create a sense of unease with the Fed policy stance...
Currency
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Roberto Jacobs, 6 June 2016, 06:56 #Fed
Central Banks Want to See Greater Wage Growth - BBH Research Team at BBH, suggests that the Central banks in Japan, Europe, and the US want to see greater wage growth...
Currency
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Roberto Jacobs, 6 June 2016, 06:55
FX Market in Need of Conviction - Commerzbank Obviously, the currency market is still not convinced of a Fed rate hike in summer, especially after today’s disappointing US nonfarm payrolls...
Currency
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Roberto Jacobs, 3 June 2016, 19:12
Fed's Brainard: Appropriate to Wait for a Rate Hike Until Developments Provide Greater Confidence Fed's Governor Lael Brainard said that she wants to see more data before a rate hike and that she still sees slack in the labour market...
Currency
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Roberto Jacobs, 3 June 2016, 19:04
US May NFP: Not a Signal of Underlying Weakening - Lloyds Bank According to analysts from Lloyds Bank the market possibly overreacted to the US employment report. They expect labor market weakness to be temporary but point out that today’s numbers will give FOMC staff a pause to think...
Currency
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Roberto Jacobs, 3 June 2016, 19:00
China: More CNY Weakness ahead – Danske Bank Chief Analyst, Allan von Mehren at Danske Bank, suggests that their forecast is for a weaker CNY than priced in the forward market and they continue to recommend hedging of receivables...
Currency
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Roberto Jacobs, 3 June 2016, 07:34 #China
ECB Review: Few Surprises – RBS Research Team at RBS, notes that as expected the ECB left all its key policy settings unchanged but still left the door open to some further easing if needed...
Currency
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Roberto Jacobs, 3 June 2016, 07:29
Goldman Sachs Downgrades View on Chinese Yuan from 'Cautious' to ‘Outright Negative’ Analysts at Goldman Sachs downgraded their outlook on the yuan, shifting from a more cautious stance to a negative one at present...
Currency
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Roberto Jacobs, 3 June 2016, 05:23 #Goldman Sachs
Scope for Volatility in GBP in the Run Up to Referendum Day May is likely to prove a challenging month for markets with a number of risks events in store, including the Fed monetary policy meeting on June 15th and the UK referendum on June 23rd...
Currency
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Roberto Jacobs, 2 June 2016, 16:39
The ECB Kept Today Its Monetary Policy Unchanged as was Widely Expected European shares traded volatile today, but dropped lower in the afternoon, reversing earlier gains. Currently, most European indices trade slightly lower...
Currency
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Roberto Jacobs, 2 June 2016, 16:32
Improving Economic Background Should See RBA on Hold at June 7th Meet RBA surprised the markets at its May 5th meeting by lowering its main interest rate to 1.75% from 2% and cut its Dec-16 inflation forecasts by a full percentage point in its quarterly Statement of Monetary Policy (SoMP...
Currency
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Roberto Jacobs, 2 June 2016, 15:17
CAD to Remain Low Against USD in Short-Term, Likely to Appreciate Significantly in 2017 The Canadian dollar has slightly recovered from its multiyear lows at the start of 2016 due to rebound in the oil price and as the US Fed has still refrained from raising interest rates...
Currency
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Roberto Jacobs, 2 June 2016, 15:15
China: PBOC Fixed Yuan Firmer by Most in Three Weeks - BBH Research Team at BBH, notes that the PBOC fixed yuan firmer (0.36%) by the most in three weeks. Key Quotes “The weaker dollar offered the yuan a reprieve as it been near the year's lows...
Currency
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Roberto Jacobs, 2 June 2016, 14:20 #China
ECB Leaves Interest Rate Unchanged at 0.0% The European Central Bank decided that the interest rate on the main refinancing operations will remain unchanged at 0.00%. The Governing Council also left the interest rates on the marginal lending facility at 0.25% and the deposit facility at -0.40...
Currency
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Roberto Jacobs, 2 June 2016, 14:14 #ECB
China: Hard-Landing Fears are Back - ING Tim Condon, Chief Economist at ING, suggests that China’s hard-landing fears are back despite fading CNY devaluation worries. Key Quotes “There was a worrying sign of a further slowdown in export growth in yesterday’s manufacturing PMI data...
Currency
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Roberto Jacobs, 2 June 2016, 13:14 #China
ECB Preview: 10 Major Banks Expectations from June Meet As we head towards the ECB’s June meeting, following are the expectations as forecasted by the economists and researchers of 10 major banks...
Currency
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Roberto Jacobs, 2 June 2016, 12:28
JPY Expected to Depreciate Further in the Medium Term – Danske Bank Jens Sorensen, Chief Analyst at Danske Bank, sees the Japanese currency losing further ground within a year’s time...
Currency
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Roberto Jacobs, 2 June 2016, 12:06
Plenty of Distraction Ahead of ECB, ADP The primary focus is on Fed policy and whether or not the central bank will actually move this summer. But into Thursday, there are also some currency specific storylines captivating market participants' attention...
Currency
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Roberto Jacobs, 2 June 2016, 10:21