U.S. new home sales come below expectations in June, housing sector to rebound modestly and steadily
Jul 26, 2017 16:26 pm UTC| Commentary
U.S. new home sales came in below expectations in June. New home sales came in at 610k, as compared with consensus forecast of 615k. The miss in forecast was partially because of a downward revision to earlier data, with...

Fundamental Evaluation Series: Long-term yield spread vs. EUR/GBP
Jul 26, 2017 11:54 am UTC| Commentary Economy Central Banks
This chart shows the performance of EUR/GBP exchange rate in contrast to the performance of long-term yield divergence between 10-year German Bund and 10-year UK gilt. During our evaluation period beginning August...
U.S. Treasuries gain ahead of FOMC policy meeting, 5-year auction
Jul 26, 2017 11:53 am UTC| Commentary Economy
The U.S. Treasuries gained ahead of the countrys 5-year auction, besides the Federal Open Market Committee (FOMC) monetary policy meeting, scheduled to be held today at 17:00GMT and 18:00GMT respectively. The yield on...
API reports draw while the market awaits EIA report
Jul 26, 2017 11:26 am UTC| Commentary
Oil price is riding higher on Saudi Arabias pledge after the review meeting in St. Petersburg Russia and as API reported huge draw in inventories. WTI is currently trading at $48.2 per barrel; and Brent at $2.2 per barrel...
EUR/PLN likely to face further upside risks in coming weeks, says Commerzbank
Jul 26, 2017 11:14 am UTC| Commentary Economy
The zloty stayed range-bound yesterday, but we are not out of the water at all. We advise investors to keep a close eye on political developments. The rift between President Andrzej Duda and the PiS leadership, triggered...

Fundamental Evaluation Series: USDJPY vs. yield divergence
Jul 26, 2017 11:07 am UTC| Commentary Economy Central Banks
This one pair has been at odds with yield divergence throughout early 2016 as the yen benefited from risk aversion and due to market participants doubts on BoJs abilities to ease policies further. It had shown...

Fundamental Evaluation Series: GBP/USD vs. short-term yield divergence review
Jul 26, 2017 11:01 am UTC| Commentary Economy Central Banks
The chart above shows, how the relationship between GBP/USD and 2-year yield divergence has unfolded since 2012. The cozy relationship between the yield spread and the exchange rate, in this case, is quite visible. Back...