Gold Firmer, $ 1300 Back on Sight ahead of US CPI, Fed Minutes Gold kicked-off the week on a brighter note and now extends gains for the second straight day this Monday, on the back of poor China dataflow and a broadly weaker US dollar...
Traders wanting to know what November’s U.S. presidential election will mean for the dollar need look no further than the U.K. The pound plunged to a seven-year low and volatility soared, exceeding all other Group-of-10 nations, on risks created by a referendum on European Union membership...
Japan narrowly escaped recession in the first quarter, according to a broad view of market analysts, but weak domestic demand and a volatile global economy will continue to stall recovery efforts in the world’s third largest economy...
Oil Bounces Over 1% on Goldman Sachs Comments Oil benchmarks on both sides of Atlantic resumed its recent upsurge after a brief drop seen last Friday, in response to the optimistic comments from long-time bear Goldman Sachs on oil fundamentals...
AUD: Plenty of Fuel for Further Decline - Westpac Sean Callow, Research Analyst at Westpac, notes that the CTFC’s Commitment of Traders report showed the expected further reduction in speculative AUD net long positions in the week to 10 May (i.e. including the response to the RBA’s SoMP...
Fed: What is Needed to Secure Another Rate Hike? - ING James Smith, Economist at ING, suggests that the key to the next FOMC rate hike now lies with a pick-up in US activity data. Key Quotes “Three conditions needed to secure another rate hike from the Fed...
China: Construction Activity Continued Ramp up in April - NAB Gerard Burg, Senior Economist at ING, suggests that Chinese construction activity continued ramp up in April, but he is concerned about the sustainability of growth...
US Retail Sales Bounces Back but More is Required for a Rate Hike - ING James Knightley, Research Analyst at ING, notes that the US retail sales for April were up 1.3%MoM, above the 0.8% consensus while the “control group” which strips out some of the most volatile components reported growth of 0...
Asian Markets Start a New Week on the Positive Note, Gold Finds Support Above $1270 All the major Asian indices are trading on a positive note on Monday. Gold remains well supported above $1270 marks and hovers around key resistance at $1277...
Guide to Today's Important Data and Events Few economic dockets scheduled for today and all with low to high risks associated. Upcoming – Japan – Preliminary reading on Machine tools orders will be released at 6:00 GMT. Prior -21.2% y/y. Germany – Bundesbank will release its monthly report...
How Saudi Arabia Benefits From Low Oil Prices By Elvin Mirzayev, CFA, FRM On June 19, 2014 Brent oil futures closed at $115.06, its highest level for the year. After that, oil prices started to free fall and as of March 12, 2015 oil was trading around $58 per barrel...
Bank of England Governor Mark Carney denied on Sunday that he had compromised the central bank's independence by warning of the short-run costs of leaving the European Union, after criticism from "Out" campaigners...
US: No Need for Excessive Pessimism - BNP Analysts from BNP Paribas, explained that the US labour market has been losing momentum, which could be additional evidence of the soft patch the economy went through in early 2016 and could also signal further slowdown on the horizon...
What do Fed Funds Futures Tell Us? Are they a Short? Do Fed Funds futures really tell us what the Fed will do? The answer to that question is a resounding “no”...
Canadian Bonds Gain on Tracking Weak Crude The Canadian government bonds gained on Friday as investors pour into safe-haven assets amid losses in riskier assets including stocks and oil. The yield on the benchmark 10-year bonds, which moves inversely to its price rose 4bps to 1...
Global Economic Growth Improves But Still Hovers Around 3-Year Lows Global economic growth touched higher for the second straight month in April but remains stuck at around 3-year lows, according to data compiled by Markit...
U.S Treasuries Mixed on Strong Retail Sales, Dovish Yellen's Comment The U.S. Treasuries traded mixed on Friday after data showed higher than expected April retail sales data. On the other hand, Fed Chair Janet Yellen’s dovish comments supported bond prices...
UK: Super Thursday Failed to Excite – Investec Research Team at Investec, notes that ‘Super Thursday’ managed to bring some momentum to the foreign exchange market yesterday, helping GBPUSD break above 1.45 and GBPEUR break the 1.27 mark but gains were very short-lived...
Gold Demand in First Quarter Breaks All Record Demand for Gold, shot up in first quarter of 2016, to 1289.8 tons, surpassing all previous first quarter record and supply for the quarter, according to report from World Gold Council. Overall demand was 21% higher than previous year...
