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...
Asian Markets Trading on a Mix Note, Gold Breaks Key Resistance at $1268 Most Asian markets are trading on a higher note but on the other side, Chinese markets are trading slightly lower. Gold breaks key resistance at $1268 and trading around $1270 marks...
Gold Firmer, Re-takes $ 1270 Amid USD Weakness The yellow metal extends its recovery mode into a second straight session this Wednesday, benefiting from a sudden bout of risk-aversion seen across the markets over the last hour. Gold eyes 5-DMA at $ 1272.48 Currently, gold trades +0...
US Stocks Open Higher as Oil Rebounds A wave of global risk-on sentiment sent US stocks higher on Tuesday for a third straight session. Most major US indices opening with gains of anywhere between 0.3% to 0.8%. The S&P 500 added over 0...
WTI Bounces Off Lows, Back Above $44.00 Crude oil prices have reverted the initial negative tone and are now climbing nearly 2% above the $44.00 mark. WTI stronger ahead of API Prices for the barrel of West Texas Intermediate have recovered the $44...
USD Value, Shifts in Crude Oil Prices to Shape Value of Mexican Peso Investor confidence for emerging markets continues to mainly drive capital flows to Mexico. High volatility in Q1 has impacted the Mexican currency...
FxWireProShort Term Outlook: Brent may Decline to $37/barrel Global benchmark, Brent crude is likely to decline further from current $44/barrel level as supply pressure to build up further...
FxWirePro: US Oil Faces Strong Intraday Resistance at $44.05, Good to Sell on Rallies Major Intraday resistance- $44.05 (55 H EMA) Major intraday support - $43 US Crude has recovered slightly after making a low of $43.01 in Asian session .It is currently trading around $43.38...
Iron Ore Decline Additional Pressure for Aussie Three factors worked behind Australian Dollar’s 1000 pips gain against Dollar since January...
Saudi Aramco Plans to Expand Production After major reshuffle over the weekend, which saw reassigning Ali-al-Naimi, Saudi Arabia’s two decade long oil minister to the advisor to the court and replaced by chairman of Saudi Aramco, Khalid al-Falih, Saudi Aramco’s chief executive officer said Aramco...
ECB Likely to Cut Rate in June, More Stimulus Likely in September The European Central Bank is expected to adopt further policy easing in June, with more stimulus measures likely in September, after it had cut rates in March this year...
Inflation Trends Remain Weak for UK, Eurozone and US Despite Oil Price Rally The rally in global oil prices that had given some positive news for global inflation trends in early 2016 started again in April, with Brent crude reaching about USD 45 per barrel...
European Bonds Mixed on Firm Risk Sentiments Amid Brexit Fear The European bonds were trading mixed on Tuesday as investors shifted to safe-haven assets amid gains in riskier assets including stocks and oil. Also, bond prices were supported by the recent polls which showed the outcome of the U...
Osborne Beats the Bremain Drum - Investec Research Team at Investec, notes that the UK Chancellor George Osborne continued yesterday to run his economic impact campaign, highlighting his perceived risks in the event of a Brexit at next month's EU vote...
German Bunds Flat on Mixed Economic Data The German bunds were trading nearly flat on Tuesday as mixed economic data did nothing to assuage concerns about economic growth, keeping 10-year sovereign bonds well below 0.15 pct marks for the first time in three weeks...
JPY: Finance Minister Aso Continues to Talk Up Intervention Threat - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the yen has continued to weaken in the Asian trading session leaving USD/JPY on course to increase for the sixth trading day out of the last seven as initial sharp yen gains...
