Asian Stocks Trade Mixed on Fed Minutes, Weaker Commodities The stocks on the Asian bourses fluctuate between gains and losses amid underlying mixed tone in the markets, as the Asian traders digest the latest FOMC minutes, which revealed that the US interest rate hike is back on the cards this Ju...
Crude Oil Inventories Rise Unexpectedly Crude oil dropped in the immediate aftermath of the latest official US oil inventories report from the EIA as traders responded to the headline build of 1.31 million barrels...
U.S. Government Bonds Slide on FED Rate Hike Expectations The U.S. government bonds continue to trade lower on Wednesday after reading strong April consumer price index and hawkish comments from Federal Reserve officials...
USD: Is the Currency Oversold? - Rabobank Jane Foley, Research Analyst at Rabobank, suggests that the futures are implying a stronger risk of a US rate hike this year on the back of yesterday’s slew of hawkish commentary from Fed officials...
Can Japanese Policy Weaken JPY? – Nomura Research Team at Nomura, suggests that after the sharp JPY depreciation owing to disappointment from the BOJ, USD/JPY has stabilised around 109, the level before expectations of a BOJ easing increased because of a media report...
What to Watch Out in Today's FOMC Minutes Today, Federal Reserve Open Market Committee (FOMC) will release minutes of its April meeting, which is the biggest event risks for Dollar based pairs. Today’s minutes is of particular interest to have a feel, which camp within FOMC gaining momentum...
USD Looks Constructive Medium Term – Westpac Strategists at Westpac argued the outlook for the greenback remains constructive in the medium term. Key Quotes “Fed officials, even doves like Rosengren and Kaplan, are signaling that June is live and 2-3 rate hikes "make sense...
Oil, Metal and the Dollar - SocGen Kit Juckes, Research Analyst at Societe Generale, notes that the dollar up 10% this month against the South African rand, 4% against the Australian dollar and top of the major currency league for May...
Gold Holds Near-Term Trading Range ahead of Fed Minutes Gold once again retreated from $1280 level and dropped back to $1270 level, holding its near-term trading pattern within a narrow range...
Russia's Real GDP Growth to Return to Positive Territory in Q2 2016 On a year-on-year basis, Russia’s real GDP shrank 1.2% in the first quarter, according to the data released recently...
CBR Ready to Act – CBR’s Yudaeva First Deputy Governor of the Central Bank of Russia Ksenia Yudaeva has reiterated the central bank’s readiness to intervene in the FX markets in case of financial instability. She added that those interventions could be carried out without previous notice...
German Bunds Mixed on FED Rate Hike Expectations, Weak Risk Appetite The German bunds traded mixed on Wednesday after data showed better than expected U.S economic data and hawkish comments from Federal Reserve officials...
Risk-Off Grips Europe as Oil Retreats, FTSE Ignores UK Jobs The sentiment on European stock markets remained largely subdued this Wednesday, with the renewed weakness in oil prices triggering a fresh bout of risk-aversion across the markets...
ECB’s Villeroy: If Required by Brexit, ECB Ready to Act If Call On Additional comments crossing the wires from ECB governing council member Villeroy: Monetary policy to boost inflation by 0...
Brexit: Is Hope a Strategy? – Greenwich Associates Research Team at Greenwich Associates, suggests that as the world moves closer to the U.K referendum on continued EU membership on June 23, what once seemed a remote possibility now seems increasingly likely—or at least possible...
Iron Ore, Steel Price Jumped Thanks to China Iron ore and Steel had their best rally in years, till April, where iron ore prices rose more than 70%, from their December bottom and Steel price rose from Yuan 1580 per ton in December, last year to Yuan 2870 per ton in April...
Fed Officials Warn Over Markets Dovish Hike Expectations Several FOMC members have come out and warned against too dovish expectations by market participants over rate hike...
FOMC Minutes at the Centre Stage Today – Danske Bank Research Team at Danske Bank, suggests that the release of the minutes from the April FOMC meeting is likely to get the most attention today as the calendar is thin...
