Commodities Stronger Across the Board Led by Oil – ANZ Research Team at ANZ, notes that oil closed yesterday stronger after EIA data showed inventories in the US fell 3.23 million barrels to 532.5 million barrels. Key Quotes “This was tempered by an increase in crude production of 10kb/d to 8...
Nikkei down Over 1 Pct While China Close on the Dragon Boat Festival, Gold steady Above $1260 Major Asian indices are trading on a lower note on Thursday. Today BOK unexpectedly cuts the interest rate by 25bp to 1.25 % vs 1...
US: On Hold for the FED Dot Plot – ANZ Research Team at ANZ, suggests that the dot points the FOMC release next week will be key, as that will give us a central case expectation for their intentions over the second half of the year...
NZD Flying High After RBNZ - Rabobank Michael Every, Head of Financial Markets Research at Rabobank, notes that in New Zealand the RBNZ left rates unchanged as expected and as a result the NZD saw a dramatic surge up to 0.7125, the highest since June 2014...
Central Banks to the Sidelines The inability of central banks to forecast more than a month in advance along with an unwillingness to surprise is increasingly leaving them paralyzed...
The Two Middle Eastern Pegs: Stability Offered is Welcome - BBH Research Team at BBH, suggests that with yesterday’s gains, the price of Brent has nearly doubled from its lows in January. Key Quotes “Of course, the price of oil is still less than half of levels that prevailed two years ago...
Little RBA Cheer for Aussie Dollar Bears - UBS The Reserve Bank of Australia's (RBA) decision to leave the cash rate on hold at 1.75% earlier this week was expected. According to the UBS team, not so was the neutral rates bias delivered in the post-meeting media release...
AUD Remains Strong, Watch Fed and Aussie Q2 CPI's - UOB While the AUD/USD remains strong, analysts at UOB reminded us that the Reserve Bank of Australia kept the Official Cash Rate (OCR) unchanged at a record low 1.75% on Tuesday...
Euro's Share in Global Reserves Declines to Record Low According to the latest report from European Central Bank (ECB), Euro’s share in global reserves has hit lowest point ever, since the creation of the monetary union, 16 years back...
RBNZ Likely to Stay Pat at Record Low The Reserve Bank of New Zealand is likely to keep policy rates at record low at its monetary policy meeting scheduled on June 8 at 21:00 GMT. The central bank is expected to leave the Official Cash Rate at its record low of 2.25 percent...
JPY: Supported by Numerous Factors - MUFG Derek Halpenny, European Head of GMR at MUFG, notes that the yen is stronger versus most G10 currencies this morning as upside pressure persists with numerous factors set to keep the currency underpinned...
ECB: Officially Launched Its Corporate Bond Buying Program - BBH Research Team at BBH, notes that the ECB has officially launched its corporate bond buying program which will provide overall holdings every Monday, while the details of its holdings will be published monthly starting July 18...
OECD: Leading Indicators Point to Stable Growth in Euro Area The Paris-based research body, Organisation for Economic Co-operation and Development (OECD) is out with their latest outlook on the global economy based on the leading indicators, which suggests continued to slowdown in the UK and Ital...
European Stocks Back in the Red as Global Growth Woes Resurface The European stocks snapped the previous rebound and fell into losses this Wednesday as worries over Brexit aggravated, while global growth concerns returned to markets and dampened the investors’ sentiments...
Investors Still Protecting Themselves from Potential Brexit Paul Hollingsworth, UK Economist at Capital Economics, on ‘Brexit' and GBP According to the latest polls conducted across the UK, the ‘Remain' campaign continues to strengthen its position among voters ahead of the June 23 referendum...
Australian Bonds Rally After World Bank Cuts Global Growth Outlook The Australian government bonds gained on Wednesday as investors poured into safe-haven assets amid deepening global economic growth fears after the World Bank lowered its 2016 global growth forecast...
World Bank Growth Outlook Sparks Caution Sentiment towards the global economy was dealt a sharp blow during trading on Tuesday following the World Bank's meek outlook on global growth which immediately dented risk appetite. The development lender slashed world GDP for 2016 down to 2.4% from the 2...
