Japan Abe Set to Delay Sales Tax Hike, Meet with Aso to Discuss - Govt Sources Reuters reporting headlines quoting government sources, Japan’s PM Abe is likely to announce a delay in the sales tax hike and will hold a meeting with finance minister Aso in coming days to discuss the same...
G7 Confirms Commitment to Market Determined FX Rates G7 communique also contains references to FX, noting that the G7 confirms commitment to market determined FX rates Headlines We affirm our existing exchange rate commitments to market determined FX rates...
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Another Bremain Positive Poll Lifts GBP: New Lows Against the EUR, Bid Tone in the USD Limits Cable GBP provided the early volatility in the FX markets, as the latest EU poll from Telegraph/ORB continued show the ‘remain’ camp extending their lead – Tory voters and older generations moving back o...
World Trade Still in the Dull Drums - ING Raoul Leering, Head of International Trade Analysis at ING, explained that global trade declined in March and during the first quarter but global industrial production increased. Key Quotes: “World trade is still in the dull drums...
China: Rising Debt Levels a Concern - BNZ Jason Wong, Currency Strategist at BNZ, suggests that one of the key emerging risks in China is the extent of leverage in the economy. Key Quotes “Credit growth has exploded since the global financial crisis...
NZD: China Risks – BNZ Jason Wong, Currency Strategist at BNZ, suggests that the outlook for China remains a key source of downside risk for the NZD. Key Quotes “Debt levels in China are rising at an unsustainable pace and ultimately represent a hand-brake on growth...
Oil of Day’s Low to $48.00 Mark, Eyeing API Inventory Data WTI crude oil prices remained suppressed for the third consecutive session, weighed down by a stronger US Dollar and as concerns of global supply glut resurface. At the time of writing, the commodity was hovering around $48...
AUD: How High Can 3s Trade? – RBC CM Research Team at RBC Capital Markets, notes that the Australian 3s have shifted into higher trading range and will be well supported back towards cash. Key Quotes “Recent history suggests that 3s can test 40bp through (1.35% / 98.65 on 3y futures...
JPY Remains the Cheapest Currencies of the Majors - BNZ Jason Wong, Currency Strategist at BNZ, suggests that it was a deadly quiet start to the trading week, with little to report other than yesterday’s strengthening of the Yen...
European Bonds Rise Modestly on Weak Crude Prices The European bonds traded modestly firmer on Tuesday as decline in oil price pushed investors’ inflation expectations lower and supported demand for safe-haven assets...
JPY: Diverging Views Between the US and Japan on Intervention – MUFG Lee Hardman, Currency Analyst at MUFG, notes that the yen has remained on a firmer footing in the Asian trading session supported by more risk-averse trading conditions in the near-term...
USD: Currency Index & Volatility Relative Currency Strength The British pound became the undisputed leader of the previous week. While its peers fluctuated in the range between -1.2% and +1%, the GBP Index experienced an almost 3% growth, fueled by the Brexit poll data release...
German Bunds Climb on Soft Economic Growth The German bunds surged further on Tuesday after reading weaker than expected first quarter Gross Domestic Product (GDP) figure. Also, investors shifted to safe-haven buying amid losses in riskier assets including crude oil and stocks...
Oil Extends Losses for 3rd Straight Session, API Report Eyed Oil benchmarks on both sides of Atlantic prolongs its selling spiral for the third straight session as traders remain wary heading into the weekly API inventory report...
Japanese Bonds Steady in Subdued Trade The Japanese government traded nearly flat on Tuesday, succumbing to thin trading activity during a relatively quiet session that saw little data of much significance...
Australian Bonds Flat in Quiet Trade The Australian bonds traded nearly flat on Tuesday, succumbing to thin trading activity during a relatively quiet session that saw little data of much significance...
Asian Markets in Red on the Back of Global Uncertainties, Gold Dips Below $1250 All the major Asian stock markets are trading on a lower note on Tuesday on the back of global uncertainties and speculation on the interest rate hike by Federal Reserve...
US Stocks Flat as Fed Rate-Hike Fear and Oil Slump Weigh Sentiment Major US benchmark indices were trading with a slight positive bias during the early NY trading session as investors seems to digest comments from the Fed officials who continued to point towards a possible Fed rate-hike decision...
