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Sustained NZD Run Up will Become Problematic for the Export Sector - ANZ Research Team at ANZ, suggests that the NZD has crept back in focus for exporters and the RBNZ alike. Key Quotes “For exporters the run back up above NZDUSD 0.69 and to 73.3 on the NZD TWI is proving eye watering...
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Roberto Jacobs, 31 March 2016, 07:38
Developed Economies Have Been Resilient to the Deflationary Wave – Fidelity Dominic Rossi, Global Chief Investment Officer at Fidelity International, suggests that at the same time as financial conditions ease, it’s becoming increasingly clear that developed economies have actually weathered the...
Market News
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Roberto Jacobs, 31 March 2016, 07:35
The Third Wave of Deflation is Over – Fidelity Dominic Rossi, Global Chief Investment Officer at Fidelity International, suggests that the developed economies have stood up well to the latest wave of deflation emanating from emerging economies that has seen a combined volume and price shock depre...
Market News
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Roberto Jacobs, 31 March 2016, 07:31
BOJ’s Kuroda Says Not Conducting Monetary Policy to Underwrite Govt Debt Comments from BOJ Governor Kuroda crossing the wires yet again, as his speech to the upper house financial affairs committee continues...
Market News
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Roberto Jacobs, 31 March 2016, 07:28
Fed Evans Backed Yellen’s Case for a Gradual Rate Rise - ANZ Research Team at ANZ, suggests that the post-Yellen USD sell off continued overnight following comments from Chicago Fed President Evans which backed Yellen’s case for a gradual approach to rises in the funds rate this year...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 07:25
New Zealand Business Confidence Dips In March Business confidence in New Zealand weakened again in March, the latest survey from ANZ Bank showed Thursday. The business confidence index fell to 3.2 in March from 7.1 in the previous month. At the same time, the activity outlook improved in March...
Market News
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Roberto Jacobs, 31 March 2016, 07:22
Yen Rises Against Most Majors The Japanese yen strengthened against most major currencies in the Asian session on Thursday. The yen rose to a 3-day high of 160.95 against the pound, from yesterday's closing value of 161.59. Against the euro and the Swiss franc, the yen advanced to 127.05 and 116...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 07:20
Pound Falls Against Majors The British pound weakened against the other major currencies in the Asian session on Thursday. The pound fell to 3-day lows of 0.7895 against the euro, 1.3841 against the Swiss franc and 160.95 against the yen, from yesterday's closing quotes of 0.7883, 1.3871 and 161...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 07:18
FXWIREPRO: Gold Remains Supported Above $1222, Intraday Bias Remains Bullish XAU/USD is currently trading around $1226 mark. It made intraday high at $1228 and low at $1223 levels. Yesterday U.S. released ADP job data with flat numbers at 200K vs 195K expected...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 07:15
Asian Markets Trading on a Mix Note, Gold Finds Support Above $1222 Asian markets are trading on a mix note on Thursday after U.S. released ADP job data with flat numbers at 200K vs 195K expected. On the other side, Gold fails to sustain above $1242 and trading around $1226 marks...
Market News
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Roberto Jacobs, 31 March 2016, 06:54
Normalization of Interest Rates will not End Fed’s Headaches – Nomura Richard Koo, Chief Economist at Nomura, suggests that as the Fed normalizes interest rates, it will also have to pay even higher interest on the $2.3trn in excess reserves...
Market News
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Roberto Jacobs, 31 March 2016, 06:47
Eurozone: Mar CPI is Expected at -0.1% y/y - Westpac Sean Callow, Research Analyst at Westpac, suggests that the Eurozone Mar CPI is expected at -0.1% y/y though core is seen to tick up to 0.9%. Key Quotes “NY Fed president Dudley speaks on financial crises with text and audience Q&A expected...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 06:45
Japan Bond Holdings Reduced to Lowest Ssince June '15 – Reuters Poll The latest Reuters poll showed the results of stock and bond holdings by the Japanese fund managers in Feb and March. Key Findings: Japan fund managers raise overall stock holdings in March to 43...
Market News
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Roberto Jacobs, 31 March 2016, 06:43
NZD/USD Corrects Lower from 9-Month Peaks, Gives Up 0.69 The NZD/USD pair paused its 3-day massive rally to multi-month tops and now extends the retreat on 0.68 handle as the USD sees a minor pullback across the board. NZD/USD halts 3-day rally Currently, the NZD/USD pair trades -0...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 06:40 #nzdusd
BOJ’s Kuroda: No limits or Obstacles to BOJ's Monetary Policy More comments from BOJ Chief Kuroda hitting the wires, as he continues to speak in parliament today...
Market News
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Roberto Jacobs, 31 March 2016, 06:36
Asia Defends Mild Gains, Australian Stocks Outperform The stocks on the Asian bourses are seen posting moderate gains, tracking modest gains on the Wall Street overnight after Fed officials backed Yellen’s dovish tone, while month-end as well as quarter-end repatriation flows also keep the sentim...
Market News
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Roberto Jacobs, 31 March 2016, 06:33
China Investment Bank Defaults on ‘Dim Sum Bond' - FT The Financial Times reports thata a unit of Guosen Securities, China's eighth-largest investment bank, has defaulted on a Hong Kong-traded renminbi bond...
Market News
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Roberto Jacobs, 31 March 2016, 06:29
Gold Ticks Higher in Asia, but Stays Below $ 1230 Gold is seen reversing a part of yesterday’s losses and defends mild gains on Thursday, amid modestly higher Asian equities and broad based USD recovery. Gold supported above $ 1220 Currently, gold trades +0.08% at 1227...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 06:26
Bank of China: PBOC Should Cut RRR by 0.5% in Q2 In its outlook report published earlier today, Bank of China revealed China’s GDP forecasts for Q1 & Q2, while noted that the Chinese central bank should lowering RRR in Q2. Key Quotes: China Q1 GDP growth at about 6.6%, Q2 at about 6...
Market News
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Roberto Jacobs, 31 March 2016, 06:22
Key US Data Ahead and Previewed - Nomura Analyst at Nomura previewed the key US data ahead for today. Key Quotes: "Initial jobless claims: Labor market conditions have been fairly tight. The unemployment rate has fallen below 5...
Analytics & Forecasts
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Roberto Jacobs, 31 March 2016, 06:15