US Treasuries Gain ahead of Employment Report The U.S. Treasuries gained on Thursday as investors were cautious ahead of May employment report on Friday. The yield on the benchmark 10-year Treasury note fell 1-1/2 basis point to 1.832 percent by 12:45 GMT...
Oil Fall Sharply to $48.00 ahead of EIA Inventory Data WTI crude oil futures turned negative and dropped to session low of $48.00 on news (via Bloomberg) that OPEC member have not reached an agreement on output freeze. Of late, the ongoing bullish momentum in oil prices stagnated near $50...
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...
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...
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...
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...
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...
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...
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...
Oil Holds $49.00 Handle, Focus on OPEC Meeting WTI crude oil prices extended its rebound from Wednesday’s low of $47.73 and are currently holding its neck above $49.00 on hopes that OPEC members might revisit their discussion on production ceiling at Thursday's meeting in Vienna...
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...
CAD: Currency Index & Volatility Relative Currency Strength While remaining in a fairly narrow range, the observed indexes still managed to show some impressively sharp moves in the past five trading days...
ECB Preview: Time to Stay Put – Danske Bank Senior Analyst, Pernille Bomholdt Henneberg at Danske Bank, expects the ECB to maintain its patient stance at the meeting today and not send any new signals about more easing...
OPEC Meeting Preview: What to Expect of Oil? Oil benchmarks on both sides of Atlantic fluctuated between gains and losses this Thursday, unable to find a clear direction, as oil markets closely monitor developments surrounding today’s OPEC ministers meet in Vienna...
ECB and OPEC Meetings in Focus Today European equity markets are expected to open slightly lower again on Thursday, as risk aversion continues ahead of today’s ECB press conference...
Can OPEC Surprise? – BBH Research Team at BBH, suggests that the OPEC ministers meet in Vienna today but the expectations could hardly be lower. Key Quotes “Attempts to agree on an output freeze were stymied by the Saudi's insistence that is rival Iran participates as well...
April Data: Australian Retail Sales Below Expectations, Trade Deficit Reduced Australia Retail Sales for April came at +0.2% m/m vs +0.3% exp, while Australia April trade balance saw the deficit shrink to 1.579mln vs 2100mln exp. Key points - retail sales The trend estimate rose 0...
BOJ's Sato: Believes it's Unnecessary to Persist in Hitting 2 Pct Inflation Target at All Costs Bank of Japan policy board member Takehiro Sato is crossing the wires, speaking at a meeting with business leaders, noting that believes it's unnecessary to persist in hitting 2 pct inflation target at...
ISM: Moderate Manufacturing Recovery Amid Rising Prices May’s ISM report signals continued moderate gains in the manufacturing sector. Production, new orders and export orders support the case for growth. Prices paid hint at rising input costs for manufacturers...
