USD Bias Constructive - Westpac Research Team at Westpac, are sticking with a constructive USD bias, even though it is struggling to develop much forward traction. Key Quotes “Fed officials, even doves like Rosengren and Kaplan, are signaling that June is live and 2-3 rate hikes "make sense...
JPY: GDP Surprised to the Upside - Rabobank Michael Every, Head of Financial Markets Research at Rabobank, notes that today we have seen Q1 Japanese GDP, which has somehow surprised to the upside, rising 1.7% q-o-q annualized vs. expectations of 0.3...
Mexico: Banxico Intervention Risk Rising – TDS Sacha Tihanyi, Senior EM Strategist at TD Securities, suggests that the MXN trading conditions, relative to a set of indicators, suggest that the peso is in the midst of becoming “unhinged” again, in much the same way that led Banxico to unexpectedly...
Weekly Focus: FOMC Minutes & Housing FOMC Minutes Serve as Another Attempt to Boost Optimism for June Rate Hike April’s FOMC meeting minutes (Wednesday) may be lagged but they have the potential to shift expectations on another rate increase in the near future...
AUD: Post-RBA Minutes Rebound Provides A Selling Opportunity - Morgan Stanley We view the overnight AUD rebound launched by the release of RBA minutes as providing a selling opportunity...
US CPI Supports Fed’s Inflation Outlook - Wells Fargo According to analysts from Wells Fargo, today’s US CPI numbers support the Federal Reserve outlook that inflation is gradually trending toward its target...
RBA Minutes Lack Explicit Easing Bias, But Extent of Infation Downgrades Keep Alive Rate Cut Bets Minutes of the RBA May 3rd policy meet definitely lack explicit easing bias...
FxWirePro: Hedging Baskets in Asian Crosses ahead of Economic Data Turbulence The Thai economy grew by 0.9% on a QoQ seasonally adjusted basis in the March quarter of 2016, compared to a 0.8% growth in the previous quarter and above market consensus of a 0...
U.S. Treasuries Slide on Firm Economic Data The U.S. Treasuries slumped on Tuesday as consumer price index ticked higher in April. Firmer U.S housing starts also added to the downfall. The yield on the benchmark 10-year Treasury note which moves inversely to its price rose 1bp to 1...
Curb Your (Dollar) Enthusiasm: For Now - TDS Ned Rumpeltin, European Head of Currency Strategy at TD Securities, outlines their core G10 FX views for the period ahead. Key Quotes “After several months of weakness, the USD has traded with a generally better tone since the start of May...
Cable Goes on a Tear Market Drivers May 17, 2016 UK Powers through 1.4500 but loses it on cold CPI data RBA minutes suggest hold Nikkei 0.13% Dax 0.12...
Sterling and the AUD at Their Highest Correlation in Nearly Four Years - BBH Research Team at BBH, have argued that the place to look for investor anxiety about the UK referendum is not the spot market but the options market. Key Quotes “At the start of next week, it is a month away...
Japan’s GDP Preview: Scraping Through - ING James Smith, Economist at ING, suggests that this week’s Japanese GDP figure may show that the economy narrowly missed recession, but demand remains weak and will keep the pressure on policymakers to act...
AUD Gains More Intuitively Clear - BBH Research Team at BBH, suggests that the Australian dollar's gains appear more intuitively clear after the minutes from the recent RBA meeting indicated that it was a close decision...
AUD on a High after RBA Minutes - Investec Research Team at Investec, notes that the Australian Dollar rallied as the minutes from their recent rate cut meeting showed the RBA board members considered leaving the interest rate unchanged so they could await more information before finally opting t...
Ahead we have UK CPI from which could be a major mover with US CPI later in the NY session. EURGBP long was stopped out on pound strength along with the recent Brexit poll that showed 55% to stay versus 40% to leave...
The dollar weakened Monday against the euro and a host of other rivals after Federal Reserve data showed a decline in New York-area manufacturing activity. The euro EURUSD, +0.1945% rose to $1.1331 in recent trade, up from $1...
Australia Weekly Consumer Confidence Ticks Up, Sharp Views on Economic Outlook Supports Australia weekly consumer confidence for the week ending May 15 ticked higher for the third straight week, remaining well above its long run average, highly driven by sharp consumer views on the outlook of the...
