Turkish Lira At More Than 4-Month High Vs U.S. Dollar After Strong GDP Data The Turkish Lira firmed against the U.S. dollar in European deals on Thursday, as Turkey's economy expanded at a faster-than-expected pace in the fourth quarter of 2015...
Renminbi Series: Yuan-Hibor Turns Negative First Time Ever Remember the Hibor? That came notoriously famous as after this Yuan based, Hong Kong interbank offered rate, in January reached 66.8% in January...
Euro Higher After Eurozone Consumer Price Inflation The euro gained ground against the other major currencies in European trading on Thursday, after data showed that inflation in the euro area improved modestly in March, albeit remaining negative due to sharp falls in the energy prices...
Gold lost more than 1% as a surge in assets caused by Federal Reserve Chair Janet Yellen's dovish remarks implied higher risk, prodding some investors to capitalize on previous gains...
Pound Rises As U.K. GDP Revised Up The British pound strengthened against the other major currencies in the early European session on Thursday, after data showed that the U.K. economy expanded more than previously estimated in the fourth quarter...
Eurozone Consumer Prices Fall For Second Month Eurozone consumer prices decreased for the second straight month in March, flash data from Eurostat showed Thursday. Consumer prices fell 0.1 percent in March from a year ago following a 0.2 percent drop in February...
U.K. Q4 GDP Growth Exceeds Estimate The U.K. economy expanded more than previously estimated in the fourth quarter, a detailed report from the Office for National Statistics showed Thursday. Gross domestic product climbed 0...
USD Continues to Suffer - Investec Research Team at Investec, suggests that yesterday currency markets enjoyed a 'risk on' feel as the US Dollar continued to suffer in the aftermath of Fed Chair Janet Yellen's cautious rhetoric on Tuesday...
European Stocks Drop on Commodity Share Weakness Stock markets across Europe fell in early trading with commodity shares leading the way lower. At the time of writing, Euro Stoxx 50 index was down 0.66%. Germany’s DAX and France’s CAC were down 0.32% and 0.68% respectively...
JPY: Q2 Theme will be Further Unwinding of Yen Strength - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that this morning’s weekly Japanese securities investment data reinforce his view that one Q2 theme will be some further unwinding of yen strength...
Oil Drops to 2-Week Lows on Rising US Crude Reserves Oil benchmarks on both sides of Atlantic prolongs its downward trajectory for the seventh straight session this Thursday, hitting fresh two-week lows on omnipresent supply glut concerns...
Sustained NZD Run Up will Become Problematic for the Export Sector - ANZ Research Team at ANZ, suggests that the NZD has crept back in focus for exporters and the RBNZ alike. Key Quotes “For exporters the run back up above NZDUSD 0.69 and to 73.3 on the NZD TWI is proving eye watering...
Developed Economies Have Been Resilient to the Deflationary Wave – Fidelity Dominic Rossi, Global Chief Investment Officer at Fidelity International, suggests that at the same time as financial conditions ease, it’s becoming increasingly clear that developed economies have actually weathered the...
The Third Wave of Deflation is Over – Fidelity Dominic Rossi, Global Chief Investment Officer at Fidelity International, suggests that the developed economies have stood up well to the latest wave of deflation emanating from emerging economies that has seen a combined volume and price shock depre...
BOJ’s Kuroda Says Not Conducting Monetary Policy to Underwrite Govt Debt Comments from BOJ Governor Kuroda crossing the wires yet again, as his speech to the upper house financial affairs committee continues...
New Zealand Business Confidence Dips In March Business confidence in New Zealand weakened again in March, the latest survey from ANZ Bank showed Thursday. The business confidence index fell to 3.2 in March from 7.1 in the previous month. At the same time, the activity outlook improved in March...
Asian Markets Trading on a Mix Note, Gold Finds Support Above $1222 Asian markets are trading on a mix note on Thursday after U.S. released ADP job data with flat numbers at 200K vs 195K expected. On the other side, Gold fails to sustain above $1242 and trading around $1226 marks...
Normalization of Interest Rates will not End Fed’s Headaches – Nomura Richard Koo, Chief Economist at Nomura, suggests that as the Fed normalizes interest rates, it will also have to pay even higher interest on the $2.3trn in excess reserves...
Japan Bond Holdings Reduced to Lowest Ssince June '15 – Reuters Poll The latest Reuters poll showed the results of stock and bond holdings by the Japanese fund managers in Feb and March. Key Findings: Japan fund managers raise overall stock holdings in March to 43...
