
FxWirePro: AUD's more scope for bounces as RBA and Fed defer rate decision
Jun 07, 2016 06:21 am UTC| Insights & Views Central Banks
We reckon that the AUD gains should not be surprised ever since the positive GDP flashes in last week, speculators began being concerned about a low probability to the Reserve Bank of Australia cutting its 2% official cash...
FxWirePro: USD/INR put spreads back in action on dovish RBI, USD/CNY stalls bull rout eyeing Fed
Jun 06, 2016 12:55 pm UTC| Central Banks Insights & Views
USDCNY has been trimming gains from last four days, drop from the highs of 6.5934 to the current 6.5650 (0.43%). China May activity and loan data should be a mixture of less impressive recovery in sales, continued YoY...
FxWirePro: Adjustments in KRW derivatives portfolio on dovish BoK
Jun 06, 2016 12:52 pm UTC| Central Banks Insights & Views
The KRW rates market has re-priced significantly higher its expectation for BoK easing, now pricing in a 66% chance of a cut in the next three months versus only around 35% before the May MPC minutes. But in this meeting...

June hike off the table, Fed to seek more evidence before pushing rates higher
Jun 06, 2016 10:58 am UTC| Insights & Views Central Banks
Non-farm payrolls report for May released last Friday showed US employment growth slowed sharply to 38k jobs in May which was weak even after adding back the 35k striking Verizon workers. Revisions to previous payroll data...

Jun 03, 2016 12:01 pm UTC| Insights & Views
We remain bearish on a trend basis. We forecast the gold spot price to average $1,150/oz during Q4 2016 and $1,050/oz during 2017. The strong gold rally during the first four months of this year was driven largely by...

FxWirePro: How do you tone down divergence between MXN and crude oil?
Jun 03, 2016 11:41 am UTC| Insights & Views
The connection between crude oil prices and EM currencies has been elevated over the past few years, but the relationship is starting to significantly weaken. It is quite likely that the oil-FX correlation continues to...

Overall Chinese business activity growth weakens for the second month in a row in May
Jun 03, 2016 11:39 am UTC| Insights & Views
May survey data indicated that overall Chinese business activity growth weakened for the second month in a row. Official purchasing managers indices tracking activity in Chinas manufacturing and non-manufacturing sectors...