JGBs gain from short-covering on hovering nuclear war tensions ahead of long weekend
Aug 10, 2017 05:45 am UTC| Commentary Economy
The Japanese government bonds gained Thursday after investors covered previous short positions on growing geo-political tension between the US and North Korea over a possible nuclear war ahead of a long weekend in...
FxWirePro: The Day Ahead- 10th August 2017
Aug 10, 2017 04:36 am UTC| Commentary
Lots of economic data and events scheduled for today and some with high volatility risks associated. Data released so far: Australia: Consumer inflation expectations came at 4.2 percent in August, down from 4.4...
Australian bonds slide tracking U.S. counterpart post weak demand at 10-year auction
Aug 10, 2017 04:01 am UTC| Commentary Economy
The Australian bonds slid Thursday, tracking weakness in the U.S. Treasuries after the overnight 10-year note auction was welcomed with weak demand. Markets will now look forward to the Reserve Bank of Australia (RBA)...
Norwegian krone remains undervalued, EUR/NOK likely to fall towards 8.90 by end-2017
Aug 09, 2017 23:06 pm UTC| Commentary
After dropping briefly to a new year-to-date low against the euro, the Norwegian krone has finally gained some traction, noted Lloyds Bank in a research report. External conditions have been advantageous for the Norwegian...
EUR/SEK likely to drop to 9.20 by end-2017, says Lloyds Bank
Aug 09, 2017 23:05 pm UTC| Commentary
In the past month, the Swedish krona has been consolidating in a narrow range of 9.50 to 9.65 against the euro, with conflicting forces pulling EUR/SEK in opposing directions, noted Lloyds Bank in a research report. Hard...
Global economic growth slows slightly at start of Q3 – PMI surveys
Aug 09, 2017 23:04 pm UTC| Commentary Economy
The beginning of the third quarter witnessed a slight easing of global economic growth, showed the PMI surveys. However, the rate of growth continued to be strong. Survey indicators such as new orders and hiring imply the...
RBNZ keeps OCR on hold at 1.75 pct, unlikely to hike until late 2018
Aug 09, 2017 23:03 pm UTC| Commentary Central Banks
The Reserve Bank of New Zealand kept its OCR on hold at 1.75 percent on Thursday. It kept its on hold guidance for monetary policy. The central bank continues to be content to project no hike in interest rate in...