Oil Climbs to Fresh 2016 Highs, Eyeing Levels Beyond $47.00 Mark WTI crude oil futures maintained its strong bid tone since yesterday, lifting the commodity to a fresh 2016 high level of $46.90...
Gold Attempts a Tepid Bounce Towards $ 1270 The yellow metal stalled its selling spiral and now makes fresh recovery attempts from 1266 lows, despite broad based US dollar strength and a slightly hawkish BOE documents. Gold holds above 20-DMA support Currently, gold trades -0.76% lower at 1267...
BoE Says Uncertainty Associated with EU Referendum Weighing on Activity Activity growth slowed in Q1 and a further deceleration is expected in Q2 and according to the BoE, “there are increasing signs that uncertainty associated with the EU referendum has begun to weigh on activity...
Oil Prices Flying High – Deutsche Bank Research Team at Deutsche Bank, suggests that yesterday was another strong day for Oil with WTI climbing another +3.52% higher to close just above $46/bbl (at $46.23/bbl to be precise) and in turn surpassing the highest close this year set last month...
Global Growth Outlook Concerns Over Negative Early European Trade Global markets remained cautious on Thursday as major European equity markets remained in red and government bonds maintained a sluggish tone...
European Bonds Slump on Tracking Firm Crude The European bonds slumped on Thursday as investors cooled on safe-haven assets amid gains in riskier assets including stocks and oil...
Bank of England Decision Out Shortly - BBH Research Team at BBH, suggests that the Bank of England decision will be out shortly and the quarterly inflation report will be presented at the end of the MPC meeting...
BoE: Governor Carney will Tread Carefully with Brexit - MUFG Derek Halpenny, European Head of GMR at MUFG, suggests that on a one-month basis, it is the pound that is the best performing G10 currency in part perhaps due to the failure of the ‘Leave’ campaign to make any serious advances ahead of...
German Bund Yields Recover from 1-Month Low, Gain on Rallying Crude The German 10-year bund yields recovered from 1-months low on Thursday amid following gains in crude oil prices...
European Indices Trade with Negative Bias ahead of BOE Policy Update European indices opened lower on Thursday before turning flat as investors waited for the Bank of England's monetary policy decision and its updated outlook on inflation and economy from its latest Quarterly Inflation Report...
Oil Output Disruptions to Erode Surplus, Demand May Surprise: IEA - Reuters According to a headline via Reuters, the International Energy Agency (EIA) was quoted on Thursday that Unplanned disruption to oil production in the likes of Canada, Nigeria or Libya could help run down a global overhang...
BoJ Intervention Threat: Lots of Barking - Westpac Sean Callow, Research Analyst at Westpac, suggests that rarely have we heard so many threats of intervention from Japanese officials without these being delivered...
Oil Building on its Strength above $46.00 Mark Extending its Wednesday's sharp recovery from sub-$44.00/barrel mark, WTI crude oil is now comfortably trading above $46.00 level at day's peak of $46.35...
Australian Bonds Marginally Up on Weak Inflation Expectations The Australian government bond marginally firmer Thursday after data showed that Melbourne Institute survey of consumer inflationary expectations dropped to 3.2 pct in May...
Stressed FX Markets – Nomura Bilal Hafeez, Research Analyst at Nomura, suggests that if we rewind to the middle of February and markets were in turmoil and the S&P500 was plummeting to two-year lows, credit spreads were exploding higher and oil was testing $25 a barrel...
EM FX: Slow Down, You Move Too Fast – Goldman Sachs Kamakshya Trivedi, Research Analyst at Goldman Sachs, suggests that after a few months of rapid appreciation, EM FX is facing n a choppier period...
FxWirePro: Gold Dips in Early Asia and Now Stabilizes Above $1270, Intraday Bias Remains Neutral XAU/USD is currently trading around $1272 mark. It made intraday high at $1278 and low at $1271 levels. Intraday bias remains neutral till the time pair holds immediate support at $1272 marks...
BoE Won’t Hike if Brexit Occurs – Nomura Research Team at Nomura, notes that Michael Saunders’ appointment to the MPC has renewed concerns that the MPC might hike in response to an inflationary devaluation in a Brexit scenario. Key Quotes “We still view such a response as fundamentally wrong...
BoE: Expect No Fireworks – TDS Research Team at TDS, notes that the BoE has said that it will be firmly on hold until the EU Referendum is out of the way, so the broad consensus of no change in policy. Key Quotes “The accompanying Inflation Report and Press Conference will be where to focus...
