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Guide to Today's Important Data and Events Not many economic dockets scheduled for today and some with high risks associated. Data released so far – Australia – Consumer inflation expectations for May declined to 3.2% from 3.6% prior. Upcoming –...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 07:35
BoE Won’t Hike if Brexit Occurs – Nomura Research Team at Nomura, notes that Michael Saunders’ appointment to the MPC has renewed concerns that the MPC might hike in response to an inflationary devaluation in a Brexit scenario. Key Quotes “We still view such a response as fundamentally wrong...
Currency
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Roberto Jacobs, 12 May 2016, 07:32
BoE: Expect No Fireworks – TDS Research Team at TDS, notes that the BoE has said that it will be firmly on hold until the EU Referendum is out of the way, so the broad consensus of no change in policy. Key Quotes “The accompanying Inflation Report and Press Conference will be where to focus...
Currency
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Roberto Jacobs, 12 May 2016, 07:29
EUR/GBP Tests Wednesday’s High Above 0.79, BOE Eyed The cross in the EUR/GBP trades in a flat-lining above 0.79 handle, now catches fresh bids in an effort to take-out Wednesday’s high at 0.7920 as the pound runs through fresh offers in early Europe...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 07:27
GBP/USD Treads Water Around 1.4450, BOE in Spotlight The bulls tried hard to regain control almost through the Asian session, but in vain, as the GBP/USD pair continues to consolidate the downside on 1...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 07:25
Inter-market: Risk-off Flows Return in US Hours The market profile turned into a less constructive 'risk on' mode during the last US session, with the S&P 500 erasing almost entirely Tuesday's gains, to end the day near flat levels following a strong bullish gap...
Market News
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Roberto Jacobs, 12 May 2016, 07:06
China: Q1 BOP Data Suggests Strong Capital Outflows - Nomura Research Team at Nomura, notes that China’s quarterly Balance of Payment (BOP) data showed that reserve assets fell by a significant USD123bn in Q1 2016, larger than the USD115bn decline in Q4 2015...
Market News
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Roberto Jacobs, 12 May 2016, 06:53 #China
CHF: Unresponsive to Positive Inflation Surprise - Nomura Research Team at Nomura, suggests that a few positive Swiss economic data releases such as April CPI inflation are unlikely to change the CHF weakening trend. Key Quotes “April Swiss CPI released on Monday recovered to -0.4% y-o-y from -0...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 06:49
Asian Markets in Red on the Back of Global Uncertainties, Gold Dips in Early Asia All the major Asian indices are trading on a lower note on Thursday morning on the back of global uncertainties as well as lower commodity prices...
Market News
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Roberto Jacobs, 12 May 2016, 06:43
FxWirePro: AXS200 Faces Strong Support at 5300, Good to Buy at Dips Major Support - 5300 ASX200 pares losses made yesterday and slightly jumped till 5367 at the time of writing. It is currently trading at 5346. Short term trend is slightly bullish as long as support 5300 holds...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 06:41
FxWirePro: Aussie Falls As Inflation Expectation Dips to Fresh 8-Month Low AUD/NZD is trading around 1.0756 marks. Pair made intraday high at 1.0819 and low at 1.0747 marks. MI inflation expectation falls to fresh 8 month low to 3.2% m/m vs 3.6% previous release...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 06:39
FxWirePro: Nikkei225 Faces Strong Resistance at 100 Day EMA, Good to Sell on Rallies Major resistance - 17000 (100 day EMA) Major support - 16350 (10 day EMA) Nikkei index has declined yesterday after making a high of 16800.It is currently trading around 16484...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 06:32
Just How Robust is the Mighty US Consumer? - ANZ Research Team at ANZ, suggests that when world growth splutters, producers have traditionally looked to the US consumer to save the day...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 06:28
Commodities Stronger Across the Board - ANZ Analysts at ANZ noted that commodity markets were stronger across the board as the USD weakened and concerns over supply disruptions rose. Key Quotes: "Crude oil prices rose stronger after an EIA report showed inventories fell last week by 3...
Market News
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Roberto Jacobs, 12 May 2016, 06:26
Key Events Coming Up: BoE is the Highlight - Westpac Analysts at Westpac noted the key events taking place today. Key Quotes: "The Bank of England should keep rates at 0.5%, with policy firmly on hold ahead of the UK EU exit vote...
Currency
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Roberto Jacobs, 12 May 2016, 06:24
EUR/USD Finds Acceptance Above 1.14 Handle EUR/USD has found a balance area between 1.1420 and 1.1430 in Asia, with market makers keeping the pair in as tight a range as it gets, following the strong appreciation from 1.1370 lows up towards 1.1445 highs on Thursday...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 06:21
AUD/USD on Free-Fall, Aus Data Weighs AUD/USD is trading under very heavy pressure following the release of the Australian consumer inflation expectation, which came at 3.2% in May vs 3.6% expected. Market remains dovish AUD on RBA rate cut expectations The pair exchanges hands at day lows of 0...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 06:20
Asian Stocks Attempt Recovery Amid Improving Risk Conditions The persisting risk-off sentiment is seen easing towards the mid-Asian trades, allowing a solid recovery in the Asian equity markets as yen weakened across the board, boosting the energy stocks in the region’s indices...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 06:17
USD/JPY in Recovery Mode Circa 108.50 USD/JPY has managed to recover off day lows, currently consolidating circa 108.50 mid round number, assisted by the Nikkei 225, which has paired its early losses and is currently trading down by only 0.4% around 16,500...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 06:16
USD/JPY Targets 4HR 50 SMA at 107.45 USD/JPY has been sold off again as the Yen is battles back and now tests the 108.20 support taking USD/JPY over 100 pips lower than the highs scored at 109.36...
Analytics & Forecasts
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Roberto Jacobs, 12 May 2016, 06:12