RBA Minutes Confirm More Easing on the Way
The minutes of the June RBA Board meeting show the decision to cut the cash rate by 25bp at that meeting was driven by a revised assessment of spare capacity in the labour market and that the Board expects to...
Elliott Wave View: Further Weakness In GBP/USD Expected
Short Term Elliott wave view in GBPUSD suggests the decline from June 7 high is unfolding as an impulse Elliott Wave structure. Down from 1.276, wave (i) ended at 1.265 with internal as an impulse in lesser degree. Wave (ii)...
RBA Minutes Indicate More Rate Cuts In Coming Months
RBA, in its June meeting minutes, explicitly noted that the policy rate would be lower. This message came in more dovish than market expectations. The major concern remained in the lackluster improvement in the labor market. RBA cut the bank...
BOE Preview – Record Low Interest Rate Remains Intact Despite Recent Hawkish Comments
We expect BOE to leave the policy rate unchanged at 0.75% this week. It would also keep the size of the asset purchase program at 435B pound. Although there has been some noise pushing for a rate hike, we expect...
Lost in translation: Has a comment on pigs cost UBS a bond deal?
An extraordinary series of events during the past five days has underlined a universal truism: a lot can be lost in translation. And another, too: annoying China has consequences. The story starts with a podcast by Paul Donovan, chief economist...
Major banks set new lending standards for shipping industry in order to cut CO2 emissions
The Cosco Spain container ship, operated by Cosco Shipping Holdings Co., sails near the Yangshan Deepwater Port, operated by Shanghai International Port Group Co. (SIPG), in this aerial photograph taken in Shanghai, China, on Friday, May 10, 2019. Qilai Shen...
Roberto Sallouti: Follow-on transaction part of BTG re-pricing story
The R$2.5 billion follow-on transaction that BTG Pactual completed Tuesday 11 June was the most visible milestone in an extraordinary year for the bank. The bank’s share price has risen from R$18 one year ago to close at R$47 at...
Crude Investors Weigh Geopolitical Risks Against US Supply, Demand Concerns
After a positive start to the new week overnight, oil prices turned negative this morning before rebounding off their as we approached the end of European session. Concerns over potential supply disruptions amid raised geopolitical uncertainty in the Middle East...
Elliott Wave Analysis: Gold Within A Three-wave Correction!
Gold made a five-wave drop from the 1358 high, which is an indication of a top in place for wave 3, and that a temporary change in trend is in progress. We are observing a three-wave corrective retracement, that can...
Homebuilder sentiment inches lower despite demand for single-family homes
A contractor stacks roofing materials while working on a home under construction at the Toll Brothers Bowes Creek Country Club community in Elgin, Illinois. Daniel Acker | Bloomberg | Getty Images The nation’s homebuilders reported solid confidence in the housing...
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