US: Personal Income Rises 0.4% in March; PCE in Line with Expectations The Bureau of Economic Analysis informed that during March personal income increased 0.4%, above the 0.3% gain expected by market consensus; personal spending rose 0.1%, below expectations of a 0.2% increase...
JPY: All-Japan Core Inflation Rate Lower than Consensus – Nomura Research Team at Nomura, notes that in March the all-Japan core CPI (general index excluding fresh food) fell 0.3% y-y, below the consensus of -0.2% (Bloomberg survey median) and down from 0.0% in February...
NZD: RBNZ Kept Cards Close to the Chest – ANZ Research Team at ANZ, notes that the OCR was maintained at 2.25% by RBNZ and a clear easing bias was retained (“further policy easing may be required”...
US GDP: Loss of Momentum in US Economy - ING James Knightley, analyst at ING Bank explained that the US 1Q16 GDP increased at an annualised 0.5% rate versus the 0.7% consensus expectation. Key Quotes: "The main weakness was non-residential fixed investment, which fell 5.9%, thereby subtracting 0...
RBNZ OCR Review: Softly, Softly – Westpac Anne Boniface, Senior Economist at Westpac, notes that as expected, the RBNZ left the OCR unchanged at 2.25% at today’s OCR Review...
BOJ Disappoints, No change in Policy The BOJ has decided to stand put, keeping the policy unchanged, with the interest rate at -0.1...
Brazil: Now what? – Commerzbank Analyst, Peter Kinsella at Commerzbank, suggests that the last week’s vote in Brazil’s lower house of Congress starts the impeachment process in earnest. Key Quotes “Investors can expect a Temer led administration by early May...
US: FOMC and Q1GDP are Key Highlights – Westpac Richard Franulovich, Research Analyst at Westpac, suggests that the US data pace picks up notably this week, the FOMC and the first estimate on Q1 GDP due (Thu) the key highlights...
Right now there's a battle over upstart trading platform IEX’s application for exchange status. And it's become an existential test of the SEC’s role in the capital markets...
The Treasury Department announced Wednesday that women will be incorporated into new designs for the $5, $10 and $20 bills. Here is a look at the new lineup. Araminta Ross, known as “Minty,” was born into slavery on the Eastern Shore of Maryland around 1822...
ECB and Riksbank Meetings at the Centre Stage – Danske Bank Research Team at Danske Bank, suggests that the focus today will be on the ECB and Riksbank meetings...
After years of global easing made buying the dollar one of the world’s most popular trades, currency traders are latching on to any glimmer of economic brightness to try to uncover the next big theme. Even hints that central bank stimulus may be no longer required is enough to spark buying...
EU Vote is the Biggest Risk to UK Financial Stability - Investec Research Team at Investec, notes that yesterday Bank of England Governor Mark Carney warned if Britain leaves the European Union, the City of London should expect its preeminent role in the global financial system to fade...
With a lot going on in the Vantage FX office this morning, just a quick note featuring a few charts and carries on from the commodities trading theme we’ve been following recently in the Forex News Centre...
BOJ vs ECB: Higher Hopes for BoJ Movements will Support EURJPY - BNPP Research Team at BNP Paribas, suggests that the divergent performance of the EUR and JPY likely reflects stretched long positioning in the latter and possibly greater anticipation that next week’s BOJ meeting will bring new eas...
Prices rose 3.8% in the latest Global Dairy Trade (GDT) auction after a 2.1% gain previously. Although markets had been expecting prices to advance at the latest auction, the gain triggered a further advance for the New Zealand currency ahead of a key interest rate decision next week...
Latin American: Monetary Tightening Nearing the End of the Cycle - BBH According to analysts from Brown Brother Harriman, the tightening cycle of monetary policy in Latin America is nearing the end...
GBP: Gloomy Outlook if the UK were to Leave the EU - Investec Research Team at Investec, notes that the UK Chancellor George Osborne yesterday presented a gloomy outlook if the UK were to leave the EU...
US Warns Japan Not to Devalue the Yen – MUFG Lee Hardman, Currency Analyst at MUFG, notes that the yen has derived support as well from reports over the weekend that the US has warned Japan not to devalue following meetings late last week in Washington...
