
FxWirePro: Buy USD/CNH at dips targeting 7.06 area
Jun 26, 2019 14:25 pm UTC| Commentary
As the U.S. Federal Reserve signaled a 50 bps rate cut going ahead, the U.S. yields moved lower pushing the 2-year yield spread (U.S. -China) lower. The USD/CNH has responded to the decline in the yield spread by sharply...
Malaysian headline inflation remains unchanged in May, likely to rise sharply towards 2 pct in June
Jun 26, 2019 14:16 pm UTC| Commentary
Malaysian headline inflation continued to be the same in May. On a year-on-year basis, the consumer price inflation remained the same at 0.2 percent, the same as the previous month. On a sequential basis, CPI rose 0.2...
API reports large draw while market awaits EIA report
Jun 26, 2019 14:02 pm UTC| Commentary
Oil benchmarks are moving higher with pace as supply/demand fundamentals are catching up amid geopolitical uncertainties surrounding Venezuela, Libya, and Iran. Key factors at play in the crude oil market OPEC...
Bank of Thailand keeps policy rate on hold, lowers growth forecast
Jun 26, 2019 13:17 pm UTC| Commentary Central Banks
The Bank of Thailand stood pat during its meeting today. The central bank, in a unanimous decision, kept the policy rate at 1.75 percent. However, the BoT lowered its 2019 growth forecast to 3.3 percent from 3.8 percent,...
U.S. Treasuries plunge ahead of 5-year auction, FOMC member Daly’s speech
Jun 26, 2019 11:31 am UTC| Commentary Economy
The U.S. Treasuries plunged during Wednesdays afternoon session, ahead of a busy day for economic data that brings the advance goods trade and inventories figures for May, as well as durable goods orders data for the same...

FxWirePro: GBP/USD upside correction is not over
Jun 26, 2019 10:51 am UTC| Commentary
After reaching 1.278 area, riding on a weaker USD, the pound is down since yesterday. However, our calculations suggest that this is unlikely to be a resumption of the broader downtrend. We have already suggested that...
German bunds suffer as investors await eurozone’s June consumer price inflation data
Jun 26, 2019 10:14 am UTC| Commentary Economy
The German bunds suffered during European trading session Wednesday ahead of the countrys and eurozones consumer price inflation (CPI) data for the month of June, scheduled to be released on June 27 and 28 by 12:00GMT and...