How Saudi Arabia Benefits From Low Oil Prices By Elvin Mirzayev, CFA, FRM On June 19, 2014 Brent oil futures closed at $115.06, its highest level for the year. After that, oil prices started to free fall and as of March 12, 2015 oil was trading around $58 per barrel...
Bank of England Governor Mark Carney denied on Sunday that he had compromised the central bank's independence by warning of the short-run costs of leaving the European Union, after criticism from "Out" campaigners...
US: No Need for Excessive Pessimism - BNP Analysts from BNP Paribas, explained that the US labour market has been losing momentum, which could be additional evidence of the soft patch the economy went through in early 2016 and could also signal further slowdown on the horizon...
What do Fed Funds Futures Tell Us? Are they a Short? Do Fed Funds futures really tell us what the Fed will do? The answer to that question is a resounding “no”...
Canadian Bonds Gain on Tracking Weak Crude The Canadian government bonds gained on Friday as investors pour into safe-haven assets amid losses in riskier assets including stocks and oil. The yield on the benchmark 10-year bonds, which moves inversely to its price rose 4bps to 1...
Global Economic Growth Improves But Still Hovers Around 3-Year Lows Global economic growth touched higher for the second straight month in April but remains stuck at around 3-year lows, according to data compiled by Markit...
U.S Treasuries Mixed on Strong Retail Sales, Dovish Yellen's Comment The U.S. Treasuries traded mixed on Friday after data showed higher than expected April retail sales data. On the other hand, Fed Chair Janet Yellen’s dovish comments supported bond prices...
UK: Super Thursday Failed to Excite – Investec Research Team at Investec, notes that ‘Super Thursday’ managed to bring some momentum to the foreign exchange market yesterday, helping GBPUSD break above 1.45 and GBPEUR break the 1.27 mark but gains were very short-lived...
Gold Demand in First Quarter Breaks All Record Demand for Gold, shot up in first quarter of 2016, to 1289.8 tons, surpassing all previous first quarter record and supply for the quarter, according to report from World Gold Council. Overall demand was 21% higher than previous year...
Oil Retraces a Bit from 6-Month Highs ahead of US Retail Sale Data On the last trading day of the week, WTI crude oil futures is consolidating around $46.00 mark after its remarkable recovery from weekly low level of $43.00 to a six-month high level of $47.00 touched yesterday...
FTSE Poised for Third Consecutive Weekly Drop The FTSE 100 is trading lower once more this morning as the index has struggled to make any further headway after the strong relief rally off the lows seen earlier this year...
Iron & Steel Decline in China: Just Speculative Curb? Iron and Steel, after ground breaking rally in last month and priors, on China’s commodity speculation frenzy in under steady decline this year...
USD: News and Data Flow Could well Provide Some Fresh Legs - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that the news and data flow next week could well provide the USD with some fresh legs. Key Quotes “April headline CPI for example likely to print as high as +0.4/0...
Oil Corrects Lower ahead of Rigs Count Data, OPEC Report Oil benchmarks on both sides of Atlantic corrected lower on the final trading day of this week, reversing course from fresh 2016 peaks reached in the previous session on improved demand outlook...
US: Data Drought Finally Com Research Team at TDS, suggests that the US data drought finally comes to an end today with the release of retail sales, producer prices, business inventories and consumer sentiment...
Asian Stocks Retreat Amid Risk-Aversion, US Data in Focus The Japanese indices remain the main laggard in the Asian session this Friday, leading the decline in its other Asian peers, while the Chinese stocks buck the downtrend and trade with moderate losses...
Bank of England Sidelined Waiting for Referendum - Danske Today the Bank of England, as expected kept rates and the asset purchase program unchanged. According to analysts from Danske Bank, the BoE will not do anything ahead of June 23 Brexit referendum...
GBP: Nothing in the BoE Policy Package to Sustain a Rally - TDS Analysts from TDS, point out that markets had a limited response to today’s events from the Bank of England, that left the interest rate unchanged as expected...
US Stocks Struggle for Direction on Weak Economic Data US stocks opened higher on Thursday but trimmed gains after a larger-than-expected rise in weekly jobless claims that pointed to a slower pace hiring in the recent past...
