Dollar Broadly Lower as 10 Year Yield Breaks Below 3%
Dollar is under broad based selling pressure on falling treasury yields, globally. In particular, 10 year yield drops below 3% level for the first time since September. Canadian Dollar and Swiss Franc are following as the next weakest. On the...
EURGBP Remains Neutral in Short and Long Term
EURGBP has had a strong bearish rally this morning after the bounce off the 0.8940 resistance level. Neutral to negative risks remain in the background as the RSI decreases momentum to the downside in the positive region, while the %K...
BOC Preview: Will Poloz Maintain Hawkish Stance?
Bank of Canada is expected to keep its policy rate unchanged at 1.75%, after a rate hike of +25 bps in October. Despite bets of another move this month, we believe policymakers would take a wait- and- see mode to...
WTI OIL Outlook: Recovery Extension Hits Two-Week High On Improved Sentiment, OPEC Meeting In Focus
WTI oil rose further on Tuesday and hit new high of nearly two weeks, in extension of recovery which started from Monday’s gap-higher weekly opening. The oil was up 2.5% for the day so far and fresh bullish acceleration pressures...
Inverted Yield Curve Curbing Risk Appetite?
Markets back in the red Well that didn’t last long. Day two of the post US/China truce and markets are back in the red and the US yield curve has inverted slightly, potentially taking some of the shine off the...
GBP Currency Gets A Lift From A Non-Binding ECJ Opinion On Article 50
Notes/Observations European Court of justice (ECJ) advisers in a non-binding decision stated that the UK could pull Article 50 unilaterally (Insight: Ruling theoretically meant Britain could cancel Brexit negotiations and stay in EU without asking any of other Member States)...
WTI Futures Gain Some Ground, SMAs Create Bullish Crossover
West Texas Intermediate (WTI) crude oil futures are in progress to recover some more ground after the bullish gap that posted yesterday. The price jumped above the positive crossover within the 20- and 40-simple moving averages in the 4-hour chart,...
Yen Surges as Nikkei Tumbles and JGB Yield Falls
Yen jumps broadly today as Asian stocks weaken, moving past the positive catalyst of US-China trade truce quickly. Nikkei closed down -2.39%, more than enough to reverse Monday’s 1.00% gain. Additionally, 10 year JGB yield is down is down -0.010...
RBA More Concerned about Housing Markets, Disinflation Likely Keeps Policy Rate Unchanged for 2019
As widely expected, RBA left the cash rate unchanged at 1.5% for the 26th consecutive meeting. The accompanying statement contained little new information. Yet, it revealed that the members were dovish about the housing market. Meanwhile, disinflation in Australian economy...
UK peer-to-peer lender Zopa gets banking license as it looks to compete with industry giants
British peer-to-peer lender Zopa has obtained a U.K. banking license, clearing a key hurdle in its bid to launch a digital bank and compete with industry giants. The company said on Tuesday that it had been granted an initial permit...
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