Inter-market: Risk-off Flows Return in US Hours The market profile turned into a less constructive 'risk on' mode during the last US session, with the S&P 500 erasing almost entirely Tuesday's gains, to end the day near flat levels following a strong bullish gap...
China: Q1 BOP Data Suggests Strong Capital Outflows - Nomura Research Team at Nomura, notes that China’s quarterly Balance of Payment (BOP) data showed that reserve assets fell by a significant USD123bn in Q1 2016, larger than the USD115bn decline in Q4 2015...
Asian Markets in Red on the Back of Global Uncertainties, Gold Dips in Early Asia All the major Asian indices are trading on a lower note on Thursday morning on the back of global uncertainties as well as lower commodity prices...
Commodities Stronger Across the Board - ANZ Analysts at ANZ noted that commodity markets were stronger across the board as the USD weakened and concerns over supply disruptions rose. Key Quotes: "Crude oil prices rose stronger after an EIA report showed inventories fell last week by 3...
Key Events Coming Up: BoE is the Highlight - Westpac Analysts at Westpac noted the key events taking place today. Key Quotes: "The Bank of England should keep rates at 0.5%, with policy firmly on hold ahead of the UK EU exit vote...
UK CENTRAL BANK TRYING TO APPEAR UNBIASED TO AVOID INFLUENCING OUTCOME The Bank of England (BoE) has to appear unbiased on the very political topic of Britain exiting the European Union...
Pivot Points Daily Last Updated: May 12, 2:15 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.12555 1.13339 1.13793 1.14123 1.14577 1.14907 1.15691 USD/JPY 106.696 107.697 108.035 108.698 109.036 109.699 110.7 GBP/USD 1.42552 1.43486 1.4397 1.4442 1.44904 1.45354 1.46288 USD/CHF 0.95967 0.96592 0...
Pivot Points Hourly Last Updated: May 12, 2:15 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.14155 1.14193 1.1421 1.14231 1.14248 1.14269 1.14307 USD/JPY 108.289 108.369 108.401 108.449 108.481 108.529 108.609 GBP/USD 1.44197 1.44293 1.44332 1.44389 1.44428 1.44485 1.44581 USD/CHF 0.96995 0...
EUR/JPY Technical Analysis: Stuck in the Middle with Yen Talking Points: EUR/JPY Technical Strategy: Previously short, limit hit, remainder taken out at breakeven stop. EUR/JPY price action is in the middle of near-term highs and lows, offering little clarity on trend direction...
Oil Rallies After EIA Reports Drop in US Stockpiles Oil prices turned higher and spiked to fresh highs near $46.00 a barrel, after the US Energy Information Administration (EIA) reported crude oil inventories unexpectedly dropped last week...
UK: Weaker Growth - Rabobank Jane Foley, Research Analyst at Rabobank, suggests that the UK economy has collected a hefty helping of nasty headlines this week...
Oil Recovery Drags USD/CAD Further Below 1.2900 Level Tracking recovery in crude oil prices, the USD/CAD pair has now dropped back below 1.2900 handle to currently trade near day's through level at 1.2875...
BoE: Losing Momentum - Rabobank Jane Foley, Senior FX Strategist at Rabobank, suggests that the publication of the Bank of England’s May Quarterly Inflation Report comes just over a month before the UK goes to the polls to determine whether the country will remain within or leave the EU...
How US Politics will Impact FX – Deutsche Bank Alan Ruskin, Macro strategist at Deutsche Bank, suggests that the channels through which the coming election will influence the USD are complex and sometimes contradictory - which will probably mute the response to some degree...
Oil Recovery Now Eyeing $45.00 Level Ahead of EIA Inventory Data After dipping back below $44.00/barrel mark, WTI crude oil future recovered sharply to currently trade at the high point of the day at $44.80...
BoE Preview: Silence is Golden - ING James Knightley, Senior Economist at ING, suggests that BoE’s dovish tilt in its forthcoming meet may unleash pent-up GBP weakness. Key Quotes “Loss of UK economic momentum has been sizeable...
European Bonds Marginally Up on Weak Risk Sentiments The European bonds were trading marginally higher on Wednesday as investors pour into safe-haven assets amid losses in riskier assets including stocks and oil...
JPY: Intervention Threat Not a Sustainable Driver for a Weaker Currency - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the yen has strengthened in the Asian trading session partially reversing weakness from early this week...
UK Rates: The Fall and Rise of Brexit Premia - TDS Renuka Fernandez, Senior Rates Strategist at TD Securities, suggests that a couple of weeks back they noted that markets had significantly priced lower Brexit premia and saw risks of a sharp re-pricing on UK rates...
