Leveraged Funds Continue to Reduce Long USD Exposure - ANZ ANZ provides its take on the futures positioning data for the week ending 12 April 2016, noting that leveraged funds continue to reduce their net long USD exposure...
Asian Stocks Dive on Failed Doha Deal, Nikkei Down -3% The stocks on the Asian bourses kicked-off the week on a bearish note, as failed Doha meeting to reach an oil output freeze deal combined weighed heavily on the market’s sentiment and curbed the appetite for riskier assets, including equities...
Oil Collapses After No Doha Deal Crude Oil contract WTI has opened under extreme pressure, last at $37.65 from last Friday's close above $40 after the long-awaited Doha Oil meeting failed to agree on any production freeze in order to further stabilize prices...
Pivot Points Daily Last Updated: Apr 18, 1:00 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11355 1.12068 1.12403 1.12781 1.13116 1.13494 1.14207 USD/JPY 106.75 107.883 108.308 109.016 109.441 110.149 111.282 GBP/USD 1.3971 1.408 1.41373 1.4189 1.42463 1.4298 1.4407 USD/CHF 0.95869 0.96271 0...
Pivot Points HOURLY Last Updated: Apr 18, 1:00 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.12549 1.12663 1.12701 1.12777 1.12815 1.12891 1.13005 USD/JPY 108.422 108.567 108.651 108.712 108.796 108.857 109.002 GBP/USD 1.41662 1.41831 1.41889 1.42 1.42058 1.42169 1.42338 USD/CHF 0.96411 0...
It is never easy, but the week ahead may be particularly difficult for market participants. It will first have to respond to weekend developments...
Negotiations in Doha between OPEC members and other oil producers ended without any agreement on limiting supplies, a diplomatic failure that threatens to renew the rout in prices...
Speculators were undeterred by the threat of BOJ intervention. In the CFTC reporting period ending April 12, speculators boosted their net and gross long yen positions to new record highs. The bulls added 2k contracts to their gross long position to give them 100.1k yen futures contracts...
The UK economy appears to have lost some steam at the start of 2016, as the country is slowly approaching the June 23 EU referendum. The plebiscite is viewed as one of the most significant post-war political events in the UK, and a considerable risk to short-term economic stability...
Euro Area's Headline Inflation to Remain Around Zero in Q2 and Rise Higher in H2 2016 In March, euro area’s headline CPI inflation returned to 0% y/y after dropping into negative territory in the previous month...
European Bonds Climb on Doha Worries, Chinese Slowdown The European bonds gained on Friday as angst rose among investors about the Doha talks and slowdown in Chinese Q1 GDP figure. The benchmark German 10-year bonds yield, which is inversely proportional to bond price fell 14.63 pct to 0...
G20: No Currency Accord to Weaken the US Dollar - MUFG Derek Halpenny, European Head of GMR at MUFG, suggests that the gathering of finance ministers and central bankers in Washington over the weekend will take place...
Retail Investors See Flat USD/JPY - Nomura Research Team at Nomura, notes that according to the latest Nomura Individual Investor Survey (4-5 April) retail investors’ views on the Japanese equity market weakened for the third month in a row...
Oil Steadies Ahead of Producers Meeting Oil prices at both sides of the Atlantic were trading steady as investors turned cautious ahead of OPEC and non-OPEC meeting planned over the weekend. At the time of writing, Brent was up 13 cents at $44/barrel. WTI was up 16 cents at $41.66/barrel...
Aussie Futures Show Bulls Committed With Uptrend Preliminary data from the CME Group shows that futures traders continue to add new long-sided business in the 6A contract (AUD/USD) this week, as the Aussie continues its relentless course north, following upbeat Australian employment numbers on Th...
Oil Trades Cautious in Asia, Doha Meeting Eyed Oil benchmarks on both sides of Atlantic steadied in the Asian trades, unable to find a clear direction as traders remain on the side-lines awaiting the outcome from weekend’s Qatar meeting...
Riksbank Preview: No Further Easing – Goldman Sachs Lasse Holboell Nielsen, Research Analyst at Goldman Sachs, suggests that they expect the Riksbank to leave its repo rate unchanged next week at -0.50% and also expect the Riksbank to leave its target purchases n of government bonds at SEK200bn...
Guide to Today's Important Data and Events Not many economic dockets scheduled for today, only few with high risks associated. Data released so far – China – Retail sales increased 10.5% y/y in March. Industrial production for February up 6.8% y/y. urban investment YTD increased by 10...
