Japan's core machinery orders threw in a surprise by rising 10.7 per cent in October, registering gains for the second straight month. The gains were higher than a 7.5 per cent increase in September, which had seen the first increase in core orders in four months...
With the USD having appreciated consistently for approximately eighteen months, there is massive long positioning in the market...
In the view of Pernille Henneberg, Senior Analyst at Danske Bank, the Norwegian krone remains vulnerable in light of the slump of crude oil prices and the prospects of rate cuts by the Norges Bank...
The two-day rally seen in gold appears to lose steam near 5-DMA placed at 1079 levels and the price drifted lower amid positive sentiment on the European stocks. Gold: Higher lows on daily charts, breakout in sight? Currently, gold trades marginally higher at 1076...
The Bank of England has held interest rates at record low of 0.5 per cent since March 2009. There is a lot of speculation in the market with respect to the timing of the rate hike. Bank Governor Mark Carney told lawmakers on that interest rates were likely to stay low for "some time...
The stock markets across Europe opened on a positive note, tracking the relief rally in oil. The mining-heavy London’s FTSE index advanced 0.4%. The pan-European Euro Stoxx 50 index was largely unchanged. France’s CAC was up 0.20%, while Germany’s DAX was trading dead flat...
The price is located below Ichimoku cloud for the primary bearish area of the chart with the secondary ranging within the following key reversal s/r levels: 1046.27 support level located far below Ichimoku cloud in the primary bearish area of the daily chart, and 1191...
Taisuke Tanaka, Research Analyst at Deutsche Bank, suggests that the rising current account surplus of Japan can contribute to capping USD/JPY upcycle in 2016. Key Quotes “Japan’s C/A surplus has been expanding...
Taisuke Tanaka, Research Analyst at Deutsche Bank, suggests that the rising current account surplus of Japan can contribute to capping USD/JPY upcycle in 2016. Key Quotes “Japan’s C/A surplus has been expanding...
Oil prices at both the sides of the Atlantic rose today as oil stocks in the US dipped. At the time of writing, the WTI oil Jan futures were up 1.77% or 66 cents at USD 38.17/barrel. Brent futures were up 1.2% or 50 cents at USD 40.77/barrel...
Research Team at Danske Bank, suggests that when looking at the previous hiking cycles there is a tendency for the USD (DXY index) to weaken after the first Fed hike...
Research Team at RBS, suggests that the Bank of England holds its December monetary policy decision, and we do not expect a change in interest rates by the Bank of England...
Research Team at Danske Bank, suggests that in line with most other analysts and market participants we expect the Fed to hike 25bp at its meeting next week...
Research Team at RBS, suggests that all the economic boxes have been checked as the US November employment release paves the way for Fed action in December...
Vladimir Miklashevsky, Economist at Danske Bank, suggests that the bank has raised their 2015 Russian GDP forecast to -3.9% y/y on 20 November 2015, from a 6...
Mansoor Mohi-Uddin, Senior Market Strategist at RBS, notes that the Chinese authorities have fixed the rate almost lower each day since the start of November when it was set at 6.3154...
Research Team at TDS, lists down the key inflation releases from the emerging markets. Key Quotes “BRL: IPCA inflation for Nov is expected to be 10.4% Y/Y, up from 9.93% Y/Y in Oct. This data point will both be meaningful and old news as we look to 2016...
Research Team at Deutsche Bank, suggests that over the past month, carry has turned into the primary market driver, attributable largely to the outperformance of the Antipodean high-yielders. Key Quotes “Trendiness remains at moderate levels in G10 across all dollar crosses...
Kristoffer Kjær Lomholt, Analyst at Danske Bank, notes that according to the latest IMM data covering the week from 24 November to 1 December 2015, revealed that it was the sixth consecutive week of bearish EUR/USD builds...
Jane Foley, Research Analyst at Rabobank, notes that since the start of the month EUR/GBP has recovered around 3.3% and the move is likely to have been greeted with some relief to BoE policy setters who have been viewing sterling strength as a headwind to UK economic activity...
