Research Team at Goldman Sachs, maintains the view that a normalization of policy that is primarily growth driven poses little risk to credit spreads, but history suggests fund flows do not fare well during hiking cycles...
Carsten Brzeski, Chief Economist at ING, notes that German exports dropped in October but the weak euro helps in dampening the impact from lower global demand on the German economy. Key Quotes “German exports dropped by 1.2% MoM in October, from +2.6% in September. As imports dropped by 3...
Research Team at Goldman Sachs, suggests that the most recent move by the ECB may have eroded some of their credibility...
Research Team at Investec, explains that how monetary policy divergence will be a key theme for the global economy next year with the US looks set to see rate rises, albeit gradual ones. Key Quotes “Global Monetary policy divergence will be a key theme for the global economy next year...
The ongoing rout in the Asian markets extend for the third consecutive session on Thursday, taking the negative lead from the overnight US and the European stocks. While oil prices hovering near six-year lows continued to weigh on the energy and resource stocks...
Making a note of China Central Bank’s open market operations, PBOC drains a net 50 bln Yuan for the week, versus a net 50 injection last week. As for today, PBOC injects 20 bln Yuan through 7 day reverse repos...
The latest employment figures from Australia, as released by Australian Bureau of Statistics (ABS), surprised markets to the upside in Nov, with the unemployment rate falling 0.1 pts to the lowest since May 2014 at 5.8% against 5.9% seen in Oct...
Sean Callow, analyst at Westpac noted the key events apart from the Aussie jobs data coming up, released at 11:30am Syd/8:30am Sing/HK. Westpac’s forecast of -20k change in total employment is at the bottom of the range (-20k to +15k, median -10k...
The Australian dollar extended its decline against its American rival down to 0.7188 this Wednesday, weak amid falling commodities and despite the dollar's sell-off...
Analysts at ANZ said that the RBNZ’s decision to cut the OCR today was of course against our own view. Key Quotes: "But when all is said and done, we can’t really quibble with it. In many ways the cut was of last week’s ECB-style easing; a cut was delivered, but it was of the hawkish variety...
Kit Juckes, economist at Societe Generale explained that the RBNZ, as expected by the majority of people who forecast RBNZ moves, cut the Cash Rate to 2.5%. Key Quotes: "The Kiwi took off like a grouse and so far, the FX market has not been able to shoot it down. A bit like the Euro...
10.12.2015 00:00Consumer Inflation Expectation (December) Currency: AUD, Importance: Medium...
US stocks closed with losses for third straight session on Wednesday, having taken a negative turnaround following a positive opening. The Dow Jones Industrial Average fell 75.36 points, or 0.43%, to 17,492.64. The S&P 500 dropped 15.95 points, or 0.77%, to 2,047.64...
The oil pice is falling by breaking key support levels to below for the bearish trend to be continuing so let's review some oil stocks in the technical point of view. Most oil stocks are located on the ranging market condition waiting for direction: this is not up, but has not yet down...
According to Eric Theoret, FX Strategist at Scotiabank, the pair’s outlook remains bullish in the near term. Key Quotes “USDCAD’s breakout to fresh multi-year highs has coincided with a renewed bullish turn in both trend and momentum indicators”. “There are few major resistance levels ahead of 1...
Prices for crude oil keep recovering ground on Wednesday, now managing to retake the $38.00 handle as USD-selling intensifies. WTI firmer ahead of EIA After hitting fresh multi-year lows near $36...
The common currency extends its daily upside vs. the dollar, now pushing EUR/USD to session tops near 1.0950. EUR/USD bid on USD weakness The greenback has accelerated its downside after the US Dollar Index has broken below the key support at 98...
The relentless sell-off in the commodities space this year has pushed the Bloomberg commodity index lower by 25%. The index closed at its weakest level since 1999 on Tuesday as commodity rout picked up pace following the weak China trade data...
The relentless sell-off in the commodities space this year has pushed the Bloomberg commodity index lower by 25%. The index closed at its weakest level since 1999 on Tuesday as commodity rout picked up pace following the weak China trade data...
Oil prices trimmed gains, but continue to trade on a positive note in the US session as traders await the US government’s weekly inventory data. At the time of writing, the WTI Jan futures were up 0.5% or 19 cents at USD 37.740/barrel. Brent futures were up 0.46% or 19 cents at USD 40.47/barrel...
