Market Movers for The Day – Danske Bank Research Team at Danske Bank, suggests that in the US, the most important release today is the ISM non-manufacturing index for March...
Fed’s Evans: Markets Pricing of Rate Hikes More Pessimistic Than Fed More comments hitting the wires from Chicago Fed President Evans, as he speaks in Hong Kong: Needs to be proactive and aggressive to get up to FED inflation targets Financial markets pricing of U.S...
Release of a Slew of Services PMIs Today - Rabobank Stefan Koopman, Market Economist at Rabobank, suggests that this morning will see the release of a slew of services PMIs. Key Quotes “At 9:15 CET, Spain will do the kick-off, then followed by Italy, France (final) and Germany (final...
FXWIREPRO: NZ IRS Yields Indicate RBNZ to Go Below Existing OCR NZD continues to trade well – in trade-weighted terms, it is at a 6m high. RBNZ has been puzzling in recent monetary policies...
CAD: Trade Deficit Expected to Widen - TDS David Tulk, Head of Global Macro Strategy at TDS, suggests that the Canada's trade deficit is expected to widen in February to $1.0 billion as a pullback in exports is expected to outpace a weaker month for imports. Key Quotes “A forecasted 1...
CPI is Expected to Rise Modestly in 2016 – China’s NDRC China’s National Development and Reform Commission (NDRC) noted in its latest report that the Chinese price pressures are likely to rise this year, China Securities Journal reports...
Japanese Long-Term Bonds fall on Strong Labour Cash Earnings Report The Japanese long-term bonds slumped on Tuesday after strong labor cash earnings report, which reduces the probability of further BOJ easing in the near term...
NZD/USD Boosted by US Dollar Weakness – Westpac Imre Speizer, Research Analyst at Westpac, notes that the NZD/USD broke above its six-month old trading range recently, following a dovish speech by Fed Chair Yellen. Key Quotes “The break above 0.6900 technically signals a move to at least 0...
US: ISM Non-Manufacturing Index Losing Streak to End - RBS Brian Daingerfield, FX Trading Strategist at RBS, suggests that today the ISM non-manufacturing index is released for March in the US...
Japan: Demand for Foreign Assets Near Record Levels – Westpac Robert Rennie, Research Analyst at Westpac, suggests that historically, we have tended to see Japanese demand for foreign assets soften into financial year end. Key Quotes “However, this end of year looks to be an exception...
Fed’s Evans: Two Rate Hikes This Year will be "Appropriate" Speaking in Hong Kong, Chicago Fed President Evans commented on the Fed’s interest rates outlook. Key Quotes: Too early to tell if inflation rebound is sustained Fed rate path will depend on economic data...
Fed Minutes Likely to Echo Dovish Tone of Meeting - BNPP Research Team at BNP Paribas, suggests that the US front-end yields and the USD have failed to capitalise on the stronger than expected US data on Friday...
AUD/USD Jolts Higher to 0.7630, RBA Keeps Rates On-Hold The AUD/USD pair reversed losses and jumped back on the bids after the RBA decided to keep its official cash rate unchanged at a record low of 2.0% at its policy meeting today...
RBA Keeps Rate Unchanged, AUD May Complicate Adjustment in Economy As widely expected, the Reserve Bank of Australia left the official interest rate unchanged at 2%, noting that at today's meeting, the Board judged that there were reasonable prospects for continued growth in the economy, with inf...
BOJ, MOF, FSA Officials to Meet on Markets from 5:00 GMT Bloomberg reports that BOJ, MOF (Ministry of Finance) and FSA (Financial Services Agency) officials are to meet on markets from 0500GMT...
USD: Near Term Outlook Looks Very Bleak - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that the near term USD outlook looks very bleak, as the full import of Chair Yellen’s decidedly dovish tone continues to reverberate the USD could see another 2-3% USD downside from curren...
US: Encouraging Signs of Economic Growth - ING James Smith, Economist at ING, suggests that an encouraging labour report, coupled with an increase in the ISM Manufacturing Index, will give the FOMC more confidence about the direction of the economy...
BOJ’s Kuroda: Yen Rises had Negative Effect on Big Manufacturers' Sentiment More headlines flowing in from the BOJ Chief Kuroda via Reuters, as he comments on the Yen and overall Japanese economic growth...
BOJ's Kuroda: Watching Forex Moves Carefully BOJ (Bank Of Japan) Governor Kuroda is crossing the wires, speaking in parliament, noting that they are watching forex moves carefully but monetary policy doesn't directly target forex, adding that it is desirable for forex to move in way reflecting fu...
America's "exorbitant privilege" of being able to pay its bills in the currency it prints at a zero marginal cost has been a matter of great controversy ever since the term was coined in the mid-1960s by the former French President Valéry Giscard d'Estaing, who was serving as a young finance mini...
