US: Jobs Market Not So Strong - ING James Knightley, Senior Economist at ING, suggests that the latest Federal Reserve’s Labour Market Conditions index posted a third consecutive drop, hinting that the jobs market may not be as strong as Friday’s payrolls report had suggested...
US: Trade Deficit Getting Wider and Wider - Rabobank Stefan Koopman, Market Economist at Rabobank, notes that according to the latest US trade figures, the deficit in February was even wider than projected in last week’s advanced estimate. Key Quotes “Imports of goods exceeded exports by USD 47...
BOJ May Hit Bond Purchase Limit in 2017 – Ex-BOJ Deputy Governor Iwata Former BOJ deputy governor Kazumasa Iwata said in a Bloomberg interview published on Wednesday, that the central bank will reach its bond buying limit by mid next year, which will make negative interest rates policy a key tool...
Japanese Bond Yields Drop on Speculation of BOJ Easing Japanese bond prices rallied, pushing the yields lower especially at the short-end of the curve as strong Yen and weak inflation expectations triggered speculation of fresh BOJ easing. The 10-yr benchmark government bond yield fell to -0.07...
Australian Bonds Rally on Global Growth Concerns The Australian bonds rallied on Wednesday as Western investors pour into safe-haven assets amid deepening global growth fears. The benchmark 10-year bonds yield, which is inversely proportional to bond price fell 0.81 pct to 2...
Risk Off Despite Stronger US Service Sector Surveys in March – Deutsche Bank Darren Gibbs, Chief Economist at Deutsche Bank, notes that the US non-manufacturing ISM beat market expectations, rising 1.1pts to 54...
Oil Rebounds from 5-Week Low, WTI Jumps +2.5% Oil benchmarks on both sides of Atlantic extend the recovery mode from multi-week lows on Wednesday, on mounting expectations of out freeze and drawdown in crude reserves...
FOMC Minutes in the Limelight Today – Danske Bank Research Team at Danske Bank, suggests that this afternoon, the minutes from the 15-16 March FOMC meeting are due for release...
Germany: Lost in Stagnation - ING Carsten Brzeski, Chief Economist at ING, suggests that disappointing new orders add to latest evidence that the German industry is currently caught in stagnation...
Commodities: Major Role in the FX Arena - FXStreet Ross Burland, Editor and Analyst at FXStreet.com, explains the major role of commodities in the FX space...
Eurozone: Unemployment Continues to Decline, but Price Pressures Missing - ING Bert Colijn, Senior Economist at ING, suggests that Eurozone’s inflation last week, turned out to have remained in negative territory at -0.1% in March, while the unemployment rate showed another decline in February...
AUD and Yellen’s Curse - Rabobank Jane Foley, Research Analyst at Rabobank, sees greater likelihood that US officials may have pressured other central bankers to step back from currency wars rather than attempt to secure an agreement specifically targeting the value of the USD...
Currency market strategists are predicting greater weakness in the U.S. dollar over the next few months, as the Federal Reserve seems to have closed the door on interest rate hikes through the spring and left the greenback alone with a destructive bedfellow: rising inflation...
Asian Markets Trading on a Mix Note, Gold Hovers Around $1230 All the major Asian markets are trading on a mix note on Wednesday after two Central banks declared their interest rate decision on Tuesday. RBA decided to keep the cash rate on hold at a record-low 2...
The publication of the Panama Papers sent shock waves around the world. The reports by the International Consortium of Investigative Journalists, which CNNMoney hasn't been able to independently verify, allege that top officials around the world hid wealth through secret offshore companies...
Australia: Going with the Flow - ING James Knightley, Senior Economist at ING, notes that the Reserve Bank of Australia (RBA) left policy unchanged, but suggested they continue to have room to act should inflation soften, citing currency strength as a key issue...
AUD: Set to Remain in 0.74 to 0.78 Range for Near-Term - Westpac Research Team at Westpac, notes that the RBA acknowledged the higher currency, but put forward 'some increase in commodity prices' and 'monetary policy developments elsewhere in the world' as driving factors...
Asian Sstocks See Relief Rally on Oil Rebound The sentiment on the Asian stocks rebounded this Wednesday, after a bearish start to the week, as the oil price rebound offered some reprieve to the energy sector stocks, while a weaker yen aimed reduced demand for safe-haven also boosted the Japanese...
Former BOJ Official: Little Possibility of Intervention to Curb Strong Yen In an interview via Bloomberg on Wednesday, Tohru Sasaki, head of Japan markets research at JPMorgan and a former official at the BOJ, said that the BOJ intervention is less likely to restrict the recent yen’s appreciation...
