Japan’s GDP Preview: Scraping Through - ING James Smith, Economist at ING, suggests that this week’s Japanese GDP figure may show that the economy narrowly missed recession, but demand remains weak and will keep the pressure on policymakers to act...
AUD Gains More Intuitively Clear - BBH Research Team at BBH, suggests that the Australian dollar's gains appear more intuitively clear after the minutes from the recent RBA meeting indicated that it was a close decision...
AUD on a High after RBA Minutes - Investec Research Team at Investec, notes that the Australian Dollar rallied as the minutes from their recent rate cut meeting showed the RBA board members considered leaving the interest rate unchanged so they could await more information before finally opting t...
Gold Retreats Further to $1270 ahead of US CPI Data After retreating from session high of $1288 on Monday, Gold turned back from $1280-81 area on Tuesday and dropped to $1269 despite of weakness in the greenback. Weakening US Dollar is looked upon for increasing appetite for the precious metal...
U.S. Presidential Election Series: Why Trump can Win the Presidency Dumbfounding many political pundits and proving many more wrong, Donald Trump has emerged as presumptive Republican nominee for the race to the White House...
US Mortgage Rates Decline Despite Rising Home Sales; Mortgage Applications Up The United States mortgage rates have gone down in the past despite rising demand for home loans. Mortgage rates are at a historic low of 2.69 pct for a 15-year fixed rate loan, the lowest since the WWII...
Crude Oil Prices Remain in the Limelight – Danske Bank Senior Analyst at Danske Bank Morten Helt has assessed the recent price action in crude oil...
Why Should Oil Bulls be Cautious? Production drop in United States to 8.8 million barrels/day, close to 1.8 million per day production drop in Canada due to wildfire and outages in countries like Libya, Nigeria is fuelling the rise in oil prices. WTI is currently trading at $48...
Ahead we have UK CPI from which could be a major mover with US CPI later in the NY session. EURGBP long was stopped out on pound strength along with the recent Brexit poll that showed 55% to stay versus 40% to leave...
The dollar weakened Monday against the euro and a host of other rivals after Federal Reserve data showed a decline in New York-area manufacturing activity. The euro EURUSD, +0.1945% rose to $1.1331 in recent trade, up from $1...
Australian Bonds Slump on Firm Risk Sentiments The Australian government bonds slumped Tuesday on tracking overnight rally in crude oil prices and equities market...
Home Prices in Canada Likely to Climb at a Double-Digit Pace in 2016 In April, Canada’s existing home sales was up 3.1%, reaching the highest level for the April month. The sales-to-listings ratio climbed to 64.5. The average existing home price grew 13.2% y/y...
Australia Weekly Consumer Confidence Ticks Up, Sharp Views on Economic Outlook Supports Australia weekly consumer confidence for the week ending May 15 ticked higher for the third straight week, remaining well above its long run average, highly driven by sharp consumer views on the outlook of the...
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...
