Sterling Higher ahead of Brexit Indicative Votes, Yen Higher as Treasury Yields Extend Slump
Indicative votes on Brexit alternatives in the UK House of Commons will catch most attention ahead. Debate is due to start by 1500GMT. We’ll see what alternative Brexit path could gain majority in the Parliament. House of Commons Speaker John...
US efforts to cut trade deficit show biggest win in almost a year
The trade deficit between the U.S. and its global partners dropped sharply in January to $51.15 billion as exports rebounded from a slowdown at the end of 2018, the Commerce Department reported Wednesday. Economists surveyed by Dow Jones had forecast...
US trade deficit narrows sharply in January as China purchases of soybeans jumps
The trade deficit between the U.S. and its global partners dropped sharply in January to $51.15 billion as exports rebounded from a slowdown at the end of 2018, the Commerce Department reported Wednesday. Economists surveyed by Dow Jones had forest...
EUR/JPY Decline Likely To Continue
The single European currency tested a resistance cluster formed by the weekly and the monthly PPs at 124.95 during the previous trading session. After hitting the resistance cluster, the currency pair began to depreciate. At the end of yesterday’s trading...
Currencies: Dollar Outperformance Despite Soft Data
Rates: Will the bond rally resume after yesterday’s easing?The rally in global core bonds took a breather yesterday. Yields rose a few basis points. US Treasuries underperformed despite disappointing US housing data and weaker consumer confidence. Risk sentiment remains key...
RBNZ Shift To Dovish, Kiwi Keels Over
Stating that the next OCR direction is likely to be down, RBNZ crunched their way out of neutral gear whilst NZD bulls burned rubber and headed for the exit. Summary of the March statement: The Official Cash Rate (OCR) remains...
USD/JPY Bearish ABC Correction In Wave 2 Pattern
The USD/JPY could make a bearish bounce at the Fibonacci resistance if the current WXY (pink) wave pattern is correct. The main target is the Fibonacci retracement level of wave 2 vs 1 (purple). A break above the resistance trend...
India’s elections outcome will not have a major impact on its markets: Credit Suisse
The Indian market is unlikely to suffer no matter the outcome of India’s parliamentary elections, which is starting next month, according to a Credit Suisse strategist. Historical performances of major Indian indexes, Sensex and Nifty 50, around the last six...
Selloff in New Zealand and Australian Dollar Dominates on Rate Cuts Bets
Selloff in New Zealand and Australian Dollar is the main theme in Asian session today. Kiwi plummets after RBNZ stands pat and indicates that the next move is a cut. After that, a full RBZN cut in priced in November...
RBNZ Review – Next Move would be Rate Cut as Risks to Growth Skewed to Downside
As we expected, RBNZ has turned more dovish in March. A more pessimistic view about the domestic and global economic outlook has led members to adjust their forward guidance on the monetary policy stance. The members now expect to cut...
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