Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and some with high risks associated. Data released so far – Australia – New motor vehicle sales declined -2.5% in April, still up 2.4% from a year back. New Zealand – RBNZ inflation expectations came at 1...
US Home Sales and Construction Activity to Continue Growing, Existing Homes Sales Likely Improved in April The US NAHB Market Index in May stayed at 58 for the fourth straight time. Consensus forecast was for a slight increase to 59...
RBA Rate Cut a Close Call, Highlights Board Meeting Minutes The Reserve Bank of Australia minutes of the Board meeting highlighted that the decision of the central bank to ease interest rates is a close call...
FxWirePro: Gold Hovers Around $1280, Good to Buy on Dips XAU/USD is currently trading around $1279 mark. It made intraday high at $1280 and low at $1273 levels. Intraday bias remains bullish till the time pair holds immediate support at $1270 marks...
Key Events for the Day – Rabobank Michael Every, Head of Financial Markets Research at Rabobank, lists down the key events for the day ahead. Key Quotes “Today will be supplying us with a few numbers to satiate our demand...
CAD Longs Greatest Since February 2013 – Deutsche Bank Research Team at Deutsche Bank, notes that the IMM data show that investors significantly reduced their bearish positioning in USD, taking implied USD shorts as a fraction of open interest to -5% from -8% in the previous week...
ECB's Weidmann: Criticism of ECB Policy May be Due to Blurring of Monetary & Fiscal Bounds Speaking in an interview with Die Welt and reported via Reuters, ECB governing council member and Bundesbank President Jens Weidmann noted the following: Criticism of ECB policy may be because some meas...
RBNZ Q2 Inflation Expectations Y/Y Remains Unchanged at 1.6% NZ inflation expectations, the Reserve Bank of New Zealand’s (RBNZ) closely watched gauge, bettered previous surveys. NZ Q2 Inflation Expectations y/y remains unchanged at 1.6% NZ Q2 2 year inflation expectations came in at 1...
Those campaigning for Britain to exit the European Union claim that doing so would make their country both freer and richer...
Crude Prices Surge to Fresh 2016 Highs Brent and WTI crude oil prices have sharply extended their advance to fresh 2016 highs on this first day of the new week by approx. 3 per cent each so far...
U.S. Manufacturing Declining - Nomura Analysts at Nomura explained that the New York Federal Reserve today reported that the Empire State manufacturing headline index declined to -9.02 in May from 9.56 in April, falling well below expectations (Nomura: 8.0, Consensus: 6.5...
Weak Wage Price Index Could Intensify Expectations for a RBA June Rate Cut The Reserve Bank of Australia (RBA) cut the cash rate to a record 1.75 per cent at its recent monthly board meeting, and analysts expect it could be heading towards one per cent before the end of the year...
Warren Goes Apple Picking Heading into the close the FTSE 100 is flat on the day, having recovered all its morning losses. Dow, S&P 500 start the week on the front foot Oil prices surge again Warren adds Apple to his buffet...
Slowing Credit Growth Poses Downside Risk to China's Property Market Chinese construction activity continued ramp up in April, but concerns are rising about the sustainability of growth. A rebound in real estate investment in early 2016 has supported a surge in construction activity...
Canadian Bonds Plunge As Crude Hits Record 6-Month High The Canadian government bonds plunged on Monday as investors cooled on safe-haven assets amid gains in equities and oil. The yield on the benchmark 10-year bonds, which moves inversely to its price rose 2bps to 1...
US Stocks Open Higher but Struggling for Direction Major stock indices in the US opened slightly higher on Monday after a reading of New York-area manufacturing conditions failed to boost investor sentiment...
WTI Climbs Further Near $48.00 Crude oil prices area extending the upside momentum at the beginning of the week, boosted by a weak greenback and Goldman Sachs news. WTI up on GS, USD, Nigeria The barrel of West Texas Intermediate is hovering over the upper-$47...
Macro Shocks and Financial Conditions – Goldman Sachs Research Team at Goldman Sachs, suggests that they have argued that financial conditions drive much of the business cycle, but what drives financial conditions...
Gold Inches Higher Post Disappointing US Economic Data Gold extended its bid tone after the release of disappointing Empire State manufacturing index from the US, lifting the yellow metal to a six-day high level of $1288.77...
