G7 Finance Ministers and Central Bankers are Meeting this Weekend in Japan European shares opened higher this morning supported by a rebound in the oil price and as fears of a Summer Fed rate hike eased. Most European indices trade ca. 1% higher...
Deutsche Bank Recommends to Sell All EM Currencies Deutsche is with Dollar. In its quarterly currency report, Deutsche Bank has said that EM currencies are not out of the woods, while Dollar has juice left. Latest call for hikes from U.S...
Indices Finish the Week in the Green Stocks regain ground after rocky week FX market likely to favour sterling and the greenback Brexit and rate risks driving FTSE hesitancy Stocks are looking to round off the week in style, as the negativity of yesterday is washed away in a sea of green...
US Dollar Leaps to Highs Near 95.50 The US Dollar Index, which tracks the greenback vs. its main rivals, has quickly reverted initial losses and is now testing daily peaks in the mid-95.00s...
US Stocks Rebound on Receding Fears of a June Fed Rate-Hike After weighing heavily on Wednesday and Thursday, Fed rate-hike fears seemed to recede that helped major US equity indices to open higher on Friday...
Gold Off Highs, Back Near $1,260 The troy ounce of the precious metal is extending its sideline theme today, posting meagre gains around the $1,260 area...
Canadian Bonds Slump on Firm Consumer Price, FED June Rate Hike Bets The Canadian bonds slumped on Friday as investors cooled on safe-haven assets after reading strong April consumer prices figure. Also, FOMC April meeting minutes from the U.S...
Oil Reverses from 7-Month Highs, Dips Below $49.00 Mark After touching a fresh seven-month high level of $49.25, WTI crude oil futures turned lower on the back of some profit taking from bullish traders and as the greenback remains well supported...
FX Treads Water on Friday Market Drivers May 20, 2016 EU Current Account 27.3B vs. 19.6B RBA Edwards - chatter over lower inflation premature Nikkei 0.54% Dax 1.18...
FTSE Looks to Break Losing Streak After four successive weekly declines, the FTSE 100 is attempting to end its dismal run and post a higher weekly close...
UK Strategy: Pricing Out Referendum Risk? – Deutsche Bank Jack Di-Lizia, Strategist at Deutsche Bank, suggests that the upcoming EU referendum continues to represent a significant driver of risk dynamics...
CAD: No Fireworks in the Forthcoming BoC Meet – RBC CM Research Team at RBC Capital Markets, suggests that the BoC meeting (no press conference or MPR) comes on Wednesday with an unchanged 0.50% overnight rate universally expected...
G7, Brexit and Fed Rates - Rabobank Jane Foley, Research Analyst at Rabobank, suggests that usually the FX market is left disappointed by G7 communiques and the FX market tends to be only one part of the agenda that faces finances ministers and central bankers of some of the world’s leading econo...
Fed June Hike Odds can Rise to 45-50% Before they Stabilise - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that US interest rate markets finally “get the message” that June is live, the market implied probability hitting 30% after the hawkish tone in the FOMC minutes from al...
Hawkish Fed Shift to Offer More Support for the USD - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the foreign exchange market has remained relatively stable overnight after absorbing the shock from the strong signal sent by the Fed that it plans to resume rate hikes soon...
European Bonds Mixed in Quiet Trade The European bonds trade mixed on Friday as investors receives no more important data or events for the direction on the last day. On the contrary, future course in bond prices are likely to be ruled by the movements in the crude oil market...
German Bunds Flat in Thin Trade The German bunds traded flat on Friday, succumbing to thin trading activity as market receives no more important data or events on the last day. On the contrary, future course in bond prices are likely to be ruled by the movements in the crude oil market...
Bank of Canada Likely to Remain Dovish, CAD to Remain at Low Levels for Time Being Canada is due to release its inflation report for April today, followed by the central bank’s decision next week. The Bank of Canada is quite calm as the inflation of 1...
Canada: Setting Up for Retail Sales (March) and CPI (April) – TDS Research Team at TDS, suggests that Canada’s retail sales will complete the full swath of activity data for Q1 following the release of manufacturing and wholesale sales earlier this week. Key Quotes “With Q1 GDP tracking at 2...
