UK Headline CPI Rose 0.5% y/y to March - TDS Research Team at TDS, notes that the UK headline CPI rose 0.5% y/y to March, up from 0.3% in Feb, while core prices also rose faster than expected, rising from 1.2% to 1.5...
Japan Continues to Highlight Unease Over One Sided Yen Moves - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the yen has weakened modestly in the Asian trading session undermined in part by further verbal intervention from Japanese officials and an improvement in global investor risk sen...
UK: Domestic Political Developments Increase Brexit Risk - MUFG Lee Hardman, Currency Analyst at MUFG, suggests that the Pound weakness remains relentless early this year ahead of the EU referendum...
IMF and US Data at The Centre Stage - Rabobank Piotr Matys, EM FX Strategist at Rabobank, suggests that the International Monetary Fund will publish its latest World Economic Outlook. Christine Lagarde has already hinted that the IMF may revise lower its economic forecasts...
UK Inflation Beats Expectations - ING James Smith,Economist at ING, suggests that the core inflation (at 1.5%) is creeping closer to target, which alongside an expected boost from higher import prices this year, will put pressure on the BoE to hike rates should the UK vote to remain in the EU...
Gold Regains Poise, Hits Fresh 4-Week Highs Above $ 1260 Gold bulls regained control over the last hours and drove the prices to the highest levels since mid-March, as the US dollar ran through fresh offers and fell to fresh multi-month lows against its major rivals...
Watch Out for Key Commentaries to Assess Intervention Risk in Yen One of the biggest risks facing Yen is the risk of intervention from Bank of Japan (BOJ), which even if fades in medium term, may lead to heavy loss in the near term...
Iraq Calls in Support for Freeze Deal Just five days ahead of much anticipated oil producers’ meeting in Doha, which will gather oil chiefs from Saudi Arabia to Russia, Iraq has extended its support for the deal...
Brent Oil Clocks Fresh 2016 High Brent oil rose to fresh 2016 high of $43.46 levels on optimism major producers may reach a production freeze accord this Sunday. Major oil producers (OPEC and non-OPEC) excluding United States are scheduled to meet in Qatar's capital Doha next Sunday...
JPY: Asia Bears Need Abe Too – Deutsche Bank Mallika Sachdeva, Strategist at Deutsche Bank, suggests that the Asian FX gains have been attributed to a mix of seasonality, covering of offshore under-weights on Asian equities, unwind of speculative long USD positions, and reprieve from a dovish Fed...
USD Struggling as Real Yields Head Further into Negative Territory - BNPP Research Team at BNP Paribas, suggests that more broadly the USD is struggling to rebound amid a backdrop of increasingly negative real rates...
European Stocks Retreat in Early Trading Major European stocks are on the back foot, although strength in oil is keeping the losses moderate. At the time of writing, Stoxx 50 index was largely unchanged on the day. Mining heavy London’s FTSE index was down 0.16%. France’s CAC was down 0...
Rebounding Iron Ore Prices Support AUD Ahead of Key Employment Report - BNPP Research Team at BNP Paribas, suggests that the commodity currencies have been gradually gaining ground against the USD this week and this comes against a back drop of stable equity markets but a rebound of several key c...
India: Monetary Policy Outlook April 2016 - NAB Research Team at NAB, notes that the RBI cut the policy Repo rate by 25bps at its April meeting and also tightened the policy corridor to better align policy rates with the call rate (interbank overnight borrowing rate...
US: Import Prices and Small Business Optimism in the Limelight - TDS Research Team at TDS, suggests that in the US import prices and small business optimism make up a limited data calendar for Tuesday. Key Quotes “TD has forecasted a 1...
BOJ Reduces Bank Funds That Will be Subject to New Negative Rate - Bloomberg As Bloomberg reports, the Bank of Japan (BOJ) is reducing the share of funds financial institutions keep at the BOJ that will be subject to the new negative interest rate policy...
UK CPI Preview: What to Expect of GBP/USD? UK cost of living as measured by consumer price index (CPI) and core consumer price index is due for release today. Economists expect inflation to have ticked higher in March (0.4% y/y and 0.3% m/m...
Gold Trades Comatose, While Treasury Yields Rise Gold prices are trading largely unchanged on the day around $1257 levels amid rising treasury yields and equally comatose dollar index. Retreats from three-week high The metal backed-off from the three-week high of $1260 set yesterday...
RBA Likely to Remain ‘On Hold’ for Now – Westpac Sean Callow, Strategist at Westpac Global Strategy Group, believes the RBA will not deliver further easing in the next months. Key Quotes “The RBA held the cash rate at 2.0% in April as expected...
