Roughly one year after the British referendum, the Brexit negotiations officially start today in Brussels. This will be a long and winding road for the UK government, particularly since the Conservative party lost its majority in the House of Commons...
The dollar slipped against a basket of the other major currencies on Friday, after weak U.S. housing and consumer sentiment data backed bets of a slower pace of interest rate hikes from the Federal Reserve. The U.S...
The formal start of Brexit negotiations on Monday may prove more of a catalyst for the pound than an inconclusive general election, a surprisehawki shshift by Bank of England officials and a spate of disappointing economic data...
A confirmation of solid growth trends is likely, said UBS Chief Investment Office (CIO). This should support the EUR against the USD. Also interesting in that respect will be the US current account data and the Eurozone consumer confidence report...
The dollar remained close to session lows against a basket of global currencies on Friday, after the release of disappointing economic data weighed on sentiment. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell by 0...
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Loose monetary policy is to continue for some more time. The EURCHF pair is back above 1.0900. This morning Swiss policymakers have decide to hold rates unchanged at -0.75% repeating that the Swiss franc is largely overvalued and that this is a threat for the Swiss economy...
As broadly expected the Federal Reserve lifted borrowing costs by 25bps following a two-day meeting. The decision was already priced in by market participants...
It has been a wild ride for the Russian ruble over the last 18 months. USD/RUB fell as much as 35% between January 2016 and April 2017 before stabilising at between 56 and 58 ruble per US dollar...
What needs to be said has already been said and now we wait. The markets have fully priced-in a 25bp to 1.0-1.25% range hike for this afternoon's FOMC rate decisions. We agree with the Fed that activity and inflation data has been stymied by transitional factors...
The political circus that Washington has become continues to draw investors’ attention away from fundamentals...
A set of data has been released this morning and it seems it is a never-ending story for Japan. April machine orders just collapsed at -.31% m/m while markets had estimated an increase of 0.5. This data is often used as a proxy for the capital expenditure...
The USD was trading broadly lower against its G10 counterpart on Monday morning as investors anticipated a busy week for central bankers. The Federal Reserve is set to release its monetary decision on Wednesday...
The four major parties appear to broadly agree on electoral and parliamentary rules. The new system would favor broad coalitions and reduce the chances of an anti-establishment victory...
The general tone of preliminary releases was that economies worldwide are doing great, almost without exception, and that Europe is outperforming the US. This latter trend will highlight the discussion at one of the two main upcoming events, the European Central Bank (ECB) meeting on Thursday...
The FOMC meeting minutes that released last week has cemented expectations for a rate hike 14th June. While second estimate for 1Q GDP growth came in higher at 1.2%, the number remains subdued...
Twice last year, the Fed delayed hikes due to political or market turmoil – once after a China-inspired decline in global equities, and again after the UK's Brexit vote. Amid a deepening US political crisis, investors seem to think US officials might be tempted to do so again...
The Japanese yen gained momentum on the last trading day of the week as it rose 0.85% and 0.63% against the pound and the Aussie respectively. USD/JPY fell as much as 0.53%, down to 111.25, as investors switched to risk-off mode ahead of the weekend. Gold inched higher and rose $5.5 to 1,262...
