Australian Bonds Mixed on Soft Economic Data, Firm Crude The Australian government bonds traded mixed on Wednesday after data showed weaker than expected first quarter wage price index. Also, firmer crude oil prices restricted investors from safe-haven buying...
RBNZ: Rate Cut Likely at June Meeting - Westpac Imre Speizer, Research Analyst at Westpac, notes that the RBNZ held the OCR steady at 2.25% on 28 April, in line with Westpac’s forecast...
Oil Consolidates Near 6-Month Tops ahead of EIA Report Oil benchmarks on both sides of Atlantic take a breather from the overnight upsurge and trades modestly flat as attention now turns towards the EIA inventory report and FOMC minutes due later today. WTI to test $ 50 mark on EIA report...
USD Bias Constructive - Westpac Research Team at Westpac, are sticking with a constructive USD bias, even though it is struggling to develop much forward traction. Key Quotes “Fed officials, even doves like Rosengren and Kaplan, are signaling that June is live and 2-3 rate hikes "make sense...
JPY: GDP Surprised to the Upside - Rabobank Michael Every, Head of Financial Markets Research at Rabobank, notes that today we have seen Q1 Japanese GDP, which has somehow surprised to the upside, rising 1.7% q-o-q annualized vs. expectations of 0.3...
Mexico: Banxico Intervention Risk Rising – TDS Sacha Tihanyi, Senior EM Strategist at TD Securities, suggests that the MXN trading conditions, relative to a set of indicators, suggest that the peso is in the midst of becoming “unhinged” again, in much the same way that led Banxico to unexpectedly...
Nikkei Trades Higher While Chinese Markets Drop, Gold Depreciates in Early Asia All the major Asian indices are trading on a mix note on Wednesday morning. Today New Zealand released PPI data with negative numbers while Japan released GDP data with positive numbers...
Weekly Focus: FOMC Minutes & Housing FOMC Minutes Serve as Another Attempt to Boost Optimism for June Rate Hike April’s FOMC meeting minutes (Wednesday) may be lagged but they have the potential to shift expectations on another rate increase in the near future...
GBP/USD: UK Employment Game Plan- Constructive Above 1.44 Talking Points GBPUSD 1.44-1.4530 key range in focus ahead of UK Jobs Report Updated targets & invalidation levels Check out FXCM’s Forex Trading Contest...
AUD: Post-RBA Minutes Rebound Provides A Selling Opportunity - Morgan Stanley We view the overnight AUD rebound launched by the release of RBA minutes as providing a selling opportunity...
FTSE Gains Erased in Topsy-Turvy Day FTSE punishes those chasing early gains US CPI raises chance of June hike UK manufacturing in decline as prices fall An impressive batch of US data has helped compound equity weakness that had one foot in the European stock markets today...
US CPI Supports Fed’s Inflation Outlook - Wells Fargo According to analysts from Wells Fargo, today’s US CPI numbers support the Federal Reserve outlook that inflation is gradually trending toward its target...
Crude Oil Rally Boosts Risk Assets, Commodity Currencies It has been a remarkable year for crude oil and market participants that specialize in this particular market...
Canadian Bonds Tad Up on Weak Manufacturing Sales, Likely to Slump on Firm Crude The Canadian long-term bonds traded modestly firmer on Tuesday after reading weak March manufacturing sales. Moreover, bond prices are likely to be ruled by the movements in global crude oil...
RBA Minutes Lack Explicit Easing Bias, But Extent of Infation Downgrades Keep Alive Rate Cut Bets Minutes of the RBA May 3rd policy meet definitely lack explicit easing bias...
FxWirePro: Hedging Baskets in Asian Crosses ahead of Economic Data Turbulence The Thai economy grew by 0.9% on a QoQ seasonally adjusted basis in the March quarter of 2016, compared to a 0.8% growth in the previous quarter and above market consensus of a 0...
U.S. Treasuries Slide on Firm Economic Data The U.S. Treasuries slumped on Tuesday as consumer price index ticked higher in April. Firmer U.S housing starts also added to the downfall. The yield on the benchmark 10-year Treasury note which moves inversely to its price rose 1bp to 1...
WTI Retakes $48.00 ahead of Fedspeak, API The barrel of West Texas Intermediate is back around the $48.00 mark after deflating to the $47.50 region. WTI off 2016 highs The recovery of crude oil prices has lifted the WTI to levels last seen in October 2015 around $48...
