CAD: Downside Risks Remain Firmly in Place – RBC CM Research Team at RBC Capital Markets, suggests that the downside risks remain firmly in place for USD/CAD technically as crude oil is propelled higher off of uptrend support at 48.55. Key Quotes “With support at 1...
Sterling Volatility Heightened Leading Up to the EU Referendum - Investec Research Team at Investec, suggests that they have been talking a lot recently about volatility and particularly heightened Sterling volatility leading up to the EU referendum as uncertainty of the outcome, and how the poun...
Fed: On Hold for Now - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that the Fed’s on hold for now and probably until after the Presidential Election and that’s all that matters...
Fed: Yellen Sticks to the Plan – Investec Research Team at Investec, suggests that the major event of the last 24 hours was Fed Chair Janet Yellen speaking for the last time ahead of next week's June FOMC policy meeting...
Fed Chair Yellen Attempts to Calm Nerves after Weak NFP Report - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the US dollar has remained on a weaker footing in the Asian trading session following yesterday’s speech from Fed Chair Yellen which signalled more caution over resuming rate hi...
AUD: Lack of RBA Easing Bias Lifts the Aussie - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the Australian dollar has been one of the top performing currencies in the Asian trading session as it continues to benefit in part from dampened Fed rate hike expectations...
CHF: Policymaker Shifts on Swiss Interest and Exchange Rates – Wells Fargo Research Team at Wells Fargo Securities, suggests that the interaction between exchange and interest rates for Switzerland illustrate the importance of international factors in determining domestic interest rates...
RBA Keeps Rates Unchanged: Consistent with Sustainable Growth, Inflation Returning to Target At its meeting today, the RBA Board decided to leave the cash rate unchanged at 1...
RBA Preview - What to Expect in AUD/USD? AUD/USD was bid on broad US dollar weakness overnight after Yellen spoke on the nonfarm payrolls result and monetary policy in a speech in Philadelphia. The risk now comes with the RBA meeting today...
Yellen Removes “In The Coming Months” - Nomura Analysts at Nomura offered a review of Yellen’s speech. Key Quotes: "Federal Reserve Chair Yellen spoke in Philadelphia today...
RBNZ: Can There be a Surprise Cut in Rates? – TDS Research Team at TDS, suggests that the RBNZ is caught flat-footed when compared with the RBA...
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...
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”...
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...
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...
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...
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...
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...
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...
