May 12, 2016 08:36 am UTC| Commentary
The front-end now appears to be well priced with an 80% chance of a 25bp cut by August and a terminal rate of 1.35%. Timing is everything as they say, and it seems unlikely that the RBA would follow up immediately with...
May 12, 2016 07:58 am UTC| Commentary
Aussie Macro View: After the RBAs reassessment of the inflation outlook in the Statement of Monetary Policy, indicators of pricing pressure will gain more importance. The next key release is the wage price index next...
FxWirePro: WTI crude’s bet on “Vertical Call Spreads” ahead of inventory check
May 11, 2016 12:43 pm UTC| Commentary
WTI oil prices have continued yesterdays gains 44.74, an increase of 24 cents from last close amid speculation on weekly supply data due later in the US session that will show crude inventories in U.S. The U.S. EIA weekly...
Nothing has changed to expect changes in BoE monetary policy - Hedge weaker sterling against loonie
May 11, 2016 09:43 am UTC| Commentary
In UK, the central bank maintained an unchanged interest rate at 0.50% in previous monetary policy, all MPC members unanimously voted for this decision. We expect a swathe of downward revisions to Committee forecasts in...
May 11, 2016 07:31 am UTC| Technicals
Back to back bearish candles such as Gravestone, Long legged doji Shooting star occurred at 1.8608, 1.8670 and 1.8639 levels respectively. The pair could not even test resistance at 1.8832. Despite the attempts of...
May 11, 2016 06:41 am UTC| Commentary
Key Economic Fundamentals: JPY losses have been compounded by renewed warnings from Japans Finance Minister that it could intervene to stabilize the JPY if necessary (in spite of the US Treasury placing Japan on its FX...
May 11, 2016 06:14 am UTC| Technicals
Upswings could not manage to hold minor resistance at 84.578, Current prices well below 21DMA on the verge of plunging below 7DMA. We could now foresee further weakness in CADJPY when we consider the intermediate and...