Canadian Bonds Slump on Tracking Firm Crude, Despite Weak GDP Figure The Canadian government bonds slumped on Friday for second straight day on following strong crude oil prices. The yield on the benchmark 10-year bonds, which moves inversely to its price, moved up 0.40 pct to 1...
China's Commodity Frenzy Defies Regulatory Curb and Higher Fees Last week all three exchanges, Shanghai futures exchange, Zhengzhou commodity exchange and Dalian commodity exchange all hiked commodity futures fees in order to prevent excessive speculations in China’s commodity markets, but that i...
U.S. Treasury Yields Rise Modestly on Profit Booking The U.S government bonds slumped as investors booked profit on last day of the week after long weekly rally due to FOMC decision. Also, firm crude oil prices drove investors from safe-haven assets...
US: Personal Income Rises 0.4% in March; PCE in Line with Expectations The Bureau of Economic Analysis informed that during March personal income increased 0.4%, above the 0.3% gain expected by market consensus; personal spending rose 0.1%, below expectations of a 0.2% increase...
US Stocks Futures Point to a Yet Another Weak Start Tracking weakness across Asian and European stock markets, major US stock indices futures are pointing to a lower opening on Friday...
The pressure on Canada The price action on the yen is indicative of a currency that has changed course. After yesterday’s substantial bout of yen appreciation, we’ve seen more gains overnight, this despite the holiday in Japan today...
CAD: Setting up for Real GDP – TDS Research Team at TDS, suggests that following a sizzling start to the year which saw activity grow at the fastest pace since July 2013, the Canadian economy is likely to stall in February with real industry-level GDP forecast to remain unchanged from the prior m...
JPY: All-Japan Core Inflation Rate Lower than Consensus – Nomura Research Team at Nomura, notes that in March the all-Japan core CPI (general index excluding fresh food) fell 0.3% y-y, below the consensus of -0.2% (Bloomberg survey median) and down from 0.0% in February...
NZD: RBNZ Kept Cards Close to the Chest – ANZ Research Team at ANZ, notes that the OCR was maintained at 2.25% by RBNZ and a clear easing bias was retained (“further policy easing may be required”...
US: Q1 GDP Disappoints but Household Details Show Promise – Nomura Research Team at Nomura, notes that the Bureau of Economic Analysis (BEA) reported that US real GDP grew by 0.5% q-o-q in Q1 2016, slightly below expectations (Nomura and Consensus: +0.7...
US GDP: Loss of Momentum in US Economy - ING James Knightley, analyst at ING Bank explained that the US 1Q16 GDP increased at an annualised 0.5% rate versus the 0.7% consensus expectation. Key Quotes: "The main weakness was non-residential fixed investment, which fell 5.9%, thereby subtracting 0...
WTI Consolidating Around $45.00 Region After closing above $45.00/barrel mark for the first time since early Nov. 2015, WTI crude oil futures seem to digest its gains around $45.00 mark...
Oil Eases-Off 2016 Peaks as Stockpiles Hit Record Highs Oil benchmarks on both sides of Atlantic retreated after a two-day rally to fresh yearly tops as a bigger than expected rise in the US inventories continue to dampen the sentiment around the black gold...
RBNZ OCR Review: Softly, Softly – Westpac Anne Boniface, Senior Economist at Westpac, notes that as expected, the RBNZ left the OCR unchanged at 2.25% at today’s OCR Review...
Gold rose for a third straight session on Wednesday, but pared gains after the U.S. Federal Reserve held interest rates unchanged but left the door ajar to a hike in June. The U.S...
The U.S. dollar erased a brief rally and retraced modest losses against the euro on Wednesday, hitting a nearly one-week low against the currency in the process, after a Federal Reserve statement reinforced expectations for just two interest rate increases this year. The U.S...
BOJ Disappoints, No change in Policy The BOJ has decided to stand put, keeping the policy unchanged, with the interest rate at -0.1...
Pivot Points Daily Last Updated: Apr 28, 2:15 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11348 1.12256 1.12721 1.13164 1.13629 1.14072 1.1498 USD/JPY 109.932 110.663 111.039 111.394 111.77 112.125 112.856 GBP/USD 1.42459 1.43949 1.4467 1.45439 1.4616 1.46929 1.48419 USD/CHF 0.95646 0.96387 0...
New Zealand Dollar Gains as RBNZ Disappoints Rate Cut Bets Talking Points RBNZ holds main lending rate at 2.25% in April as expected The NZD rallies against its major counterparts Neutral tone likely disappointed future rate cut expectations...
