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...
Asian Markets Mix Ahead of G20 and IMF Meetings, Gold Hovers Around $1230 All the major Asian indices are trading on a mix note after china released GDP data with flat numbers at 6.7% q/q while industrial production increases sharply to 6.8% m/m vs 5.4% m/m...
We think the Yellen-induced carry trade is close to reaching a tipping point. For sure, it seems unlikely a fresh USD rally will exceed the highs seen over the past two years...
Asian Stocks Subdued Ahead of Doha Meet, Ignore China Data The Asian stocks rally took a pause on the final trading day of this week, as a cautious tone prevailed in the markets ahead of the OPEC producers in Doha, while the regions’ indices failed to benefit from upbeat Chinese economic news...
CAD/JPY Bearish Below March High; Break Sub-84.57 Fuel Losses Talking Points CADJPY Rebound at risk- on the lookout for short-triggers Resistance at 86.21/ Broader Bearish invalidation at March high Updated targets & invalidation levels...
Upward Revisions in Canada Support the CAD - UBS The Bank of Canada left the overnight policy rate unchanged at its April meeting, in line with consensus expectations...
BoE Recognized Economy Lost Momentum - BBH According to analysts from Brown Brother Harriman (BBH), the Bank of England (BoE), recognized today that the economy has lost some momentum and that uncertainty about the Brexit referendum may already by taking an economic toll...
GBPJPY GBPJPY bulls displayed resilience during trading on Thursday following the Bank of England’s dovish stance on future UK rate hikes which left the Sterling heavily pressured across the board...
AUD/USD Reaches Fresh 2016 Highs The Australian dollar stretched to fresh 2016 highs at the beginning of the New York session as the greenback weakened slightly following US CPI soft figures. AUD/USD reached its highest level since June 2015 at 0...
