Former Japan’s Top FX Diplomat: Tokyo Unlikely to Intervene to Stem Yen Rises Naoyuki Shinohara, an ex-IMF deputy chief and formerly Japan's top currency diplomat crossed the wires last minutes, noting that the Japanese government intervention is unlikely in the fx market to curb a stronger yen...
Asian Stocks Trade Mixed Amid Stronger Yen and Oil Rebound The stocks on the Asian bourses stalled the rebound and now pare gains as the Japanese stocks turned negative, weighed heavily by the ongoing rise in the yen...
About time Kuroda weighed in, its been a few hours since we've heard from him • Japan's economy continues to recover moderately as a trend despite some signs of weaknesses in exports, output • Japan's economy expected to expand moderately as a trend • Consumer inflation likely to hover around zer...
Major Asian Markets in Red After Fomc Minutes, Yen Strengthens After Kuroda's Comments Major Asian markets are trading on a mix note after FOMC released March meeting minutes. FOMC March meeting minutes failed to provide any hints regarding further interest rate hike...
EUR/USD: Minutes of FOMC Meeting and a Speech by Mario Draghi Today at 18:20 (GMT+2) a head of the US Federal reserve Bank of Cleveland and a member of the FOMC Loretta J. Maester will give a speech...
Less Dovish Minutes Favours EUR/USD's LHS EUR/USD did not quite know what to make of the FOMC minutes and was trading in a narrow range and directionless on the release...
FOMC Minutes: Members Split on April Rate Hike Fed officials discussed an April rate hike, but some officials argued against such a move, minutes of the FOMC March 15-16 meeting showed...
The Federal Reserve will be back in focus again on Wednesday as we get the release of the minutes from last month’s FOMC meeting and get the up-to-date views of a few policy makers...
Since it hit a new five-month low below 1.2900 late last week on the last day of March, USD/CAD has rebounded to hit a high briefly above 1.3200 resistance as of Tuesday...
NZX has received formal approval from the Financial Markets Authority and the Reserve Bank of New Zealand for its proposed milk price futures and options contracts, expected to launch in May 2016...
Brent Oil Strengthens, Ignores Iran Oil Minister’s Comments Brent oil regained poise and clocked a fresh session high of $38.83 levels as traders ignored comments from Iran oil minister which indicate rise in oil supply in near future...
US: Better ISM Data Coupled with Weaker GDP and Profit Concerns - MUFG Derek Halpenny, European Head of GMR at MUFG, suggests that the US data continues to provide mixed signals on the outlook for the economy that would appear at least for now to back up the need for caution, expressed by Chair Y...
BOJ Easing Speculation on the Rise - MUFG Derek Halpenny, European Head of GMR at MUFG, suggests that they are certainly not surprised with greater market talk of additional BOJ easing, perhaps as soon as the next meeting on 28th April...
Weaker Dollar Commodity Producers Nightmare Weaker Dollar is and likely to increase commodities producing countries’ as well as their respective central banks’ headaches by shrinking their policy options...
CBRT: Door Open for Further Easing? – Rabobank Strategist at Rabobank Piotr Matys sees the possibility that the CBRT could loose further its monetary conditions in the medium term horizon...
Global Macro Overview for 06/04/2016 (Crude Oil) The American Petroleum Institute reported yesterday a decrease in the US oil inventories by the level of -4300K. This number was way below the market expectations of 2900K, which would be another increase from 2600K a week ago...
German Bunds Slump on Firm Economic Data, Rising Oil Prices The German 10-year bond tumbled on Wednesday amid strong Markit retail sales PMI figure and better than expected industrial production data. The benchmark 10-year bonds yield, which is inversely proportional to bond price rose 6...
Russian Bonds Rally on Strong Oil Prices The Russian 10-year bonds jumped on Wednesday, following strong cues emerging from crude oil prices, pushing the yield on 10-year bonds down 5 bps...
