UK: Politics is Going to be More Important than Economics - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that the politics is going to be more important than economics for the next three months in the UK and so far, both major political parties seem pretty keen on tearing the...
Australian Stock Exchange CEO Quits Amid Bribe Investigation The head of Australia's main stock exchange resigned on Monday amid an investigation into allegations that a gaming firm he once ran made a bribery payment several years ago to the family of Cambodia's prime minister...
Asian Stocks Gain as Shanghai Composite Jumps to Two-Month High Asian stocks rallied in late trading, with a regional gauge erasing declines, as Chinese shares climbed above the 3,000 level for the first time since January after policy makers loosened controls on margin lending...
Italy Current Account Deficit Narrows In January Italy's current account deficit decreased slightly in January from a year ago, figures from the Bank of Italy showed Monday. The current account deficit narrowed to EUR 1.07 billion in January from EUR 1...
Brexit Could Cost UK £100bn – Investec Research Team at Investec, notes that the report commissioned by the CBI and carried out by accountancy firm PwC, warns a Brexit could potentially cost the country £100bn and nearly one million jobs by 2020...
Risk Recovery More Important than Data for USD - BNPP Research Team at BNP Paribas, suggests that the Fed Presidents Lacker and Lockhart speak today and may emphasize the possibility that policy could be tightened in June, even as these comments could be balanced by the more dovish Presidents Eva...
Eurozone Current A/c Surplus Falls For Second Month Eurozone's current account surplus decreased for a second straight month in January, data from the European Central Bank showed Monday. The seasonally-and-working-day adjusted current account surplus dropped to EUR 25.4 billion from EUR 28...
Lithuania Industrial Production Grows In February Lithuania's industrial production climbed notably in February from a year ago, figures from Statistics Lithuania showed Monday. Industrial production rose a working-day-adjusted 6.3 percent year-over-year in February...
Canadian Dollar, Oil Remain Near Highs for the Year The Canadian dollar and oil prices slipped in trading Friday, but remained near a three-month high. The loonie, which rose above 77 cents Thursday, was down one third of a cent to 76.78 cents US in late afternoon...
Brent Oil Drops to 5-DMA and Recovers Brent prices fell to 5-DMA level of $40.53/barrel, before trimming losses to trade around $40.80 levels on reports china’s oil imports rose to a fresh high...
Hong Kong Inflation At 8-month High Hong Kong annual inflation unexpectedly accelerated in February for a third consecutive month to its highest level in eight months, figures from the Census and Statistics Department showed Monday. The consumer price index rose 3...
Taiwan Feb Export Orders Fall Less Than Forecast Taiwan's export orders decreased at a slower-than-expected pace in February, data from the Ministry of Economic Affairs showed Monday. Export orders dipped 7.4 percent year-over-year in February, below economists' expectations for a 10...
Denmark Consumer Confidence Eases At 5-Month Low Denmark's consumer confidence weakened for a third straight month in March to its lowest level in five months, survey data from Statistics Denmark revealed Monday. The consumer confidence index fell to 3.6 from 4 in February...
U.S. Dollar Rises Against Majors The U.S. dollar strengthened against the other major currencies in the early European session on Monday. The U.S. dollar rose to 4-day highs of 1.1253 against the euro and 1.4392 against the pound, from early lows of 1.1285 and 1.4467, respectively...
Turkey Consumer Confidence Improves In March Turkey's consumer confidence rose in March after easing sharply in the previous three months, survey data from the statistical office Turkstat showed Monday. The consumer confidence index climbed to 67 from 66.6 in February. After hitting a peak of 77...
Dutch House Prices Rise Further Dutch house prices continued to increase in February, though at a slower pace than in the previous month, figures from the Central Bureau of Statistics showed Monday. Price index of existing houses climbed 3.8 percent year-over-year in February, following a 4...
ECB’s Villeroy - Negative Rates Effective but Have Limits ECB governing council member Francois Villeroy de Galhau assured markets today the bank is ready to act with right instruments to meet the inflation target, but maintained there is a limit to how low negative rates can go...
GBP/USD Dips Below 1.44 on Brexit Fears GBP/USD dipped below 1.44 handle as political developments in the UK over the weekend put Tory unity on austerity at risk and heightened bears of Brexit...
There is no trade call for the session. We expect trading to be light until UK CPI tomorrow. As always to kick-start the week I suggest reading my currency update below...
Stronger Dollar is Out of the Question for Now - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that the term ‘Currency Wars’ was used by Brazil’s erstwhile Finance Minister, Guido Mantega, in September 2010 in response to moves by some (Asian) countries to resist upward pressu...
