Stressed FX Markets – Nomura Bilal Hafeez, Research Analyst at Nomura, suggests that if we rewind to the middle of February and markets were in turmoil and the S&P500 was plummeting to two-year lows, credit spreads were exploding higher and oil was testing $25 a barrel...
EM FX: Slow Down, You Move Too Fast – Goldman Sachs Kamakshya Trivedi, Research Analyst at Goldman Sachs, suggests that after a few months of rapid appreciation, EM FX is facing n a choppier period...
FxWirePro: Gold Dips in Early Asia and Now Stabilizes Above $1270, Intraday Bias Remains Neutral XAU/USD is currently trading around $1272 mark. It made intraday high at $1278 and low at $1271 levels. Intraday bias remains neutral till the time pair holds immediate support at $1272 marks...
BoE Won’t Hike if Brexit Occurs – Nomura Research Team at Nomura, notes that Michael Saunders’ appointment to the MPC has renewed concerns that the MPC might hike in response to an inflationary devaluation in a Brexit scenario. Key Quotes “We still view such a response as fundamentally wrong...
BoE: Expect No Fireworks – TDS Research Team at TDS, notes that the BoE has said that it will be firmly on hold until the EU Referendum is out of the way, so the broad consensus of no change in policy. Key Quotes “The accompanying Inflation Report and Press Conference will be where to focus...
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...
