AUD/NZD should continue its slow grind higher in 2016

Nov 26, 2015 23:48 pm UTC| Commentary

AUD/NZD has been one of the more difficult relative value trades in FX markets over the last 6 months; rejecting a break of parity, rallying to 1.14 and then confounding most with a rapid decline back towards 1.05 at the...

New Zealand’s current account comes back into focus

Nov 26, 2015 23:01 pm UTC| Commentary

New Zealands external imbalances have been a constant source of vulnerability through the last thirty years. Between 2010 and 2015 however, the issue had receded from view, with the high terms of trade, hangover from the...

Crisis Alpha Series

Is the Swiss franc still a safe-haven?

Nov 26, 2015 22:35 pm UTC| Commentary

The equity sell-off in August was accompanied by an atypical rally in EUR/CHF which has led the market to question whether the franc can still be regarded as a safe-haven with a tendency to outperform in stressed market...

GBP appreciated strongly this year despite softer growth and delayed BoE lift-off

Nov 26, 2015 22:10 pm UTC| Commentary

GBP was a default beneficiary of external weakness and QE, helped by a general election result that (temporarily) lifted political risk. 2016 should be more nuanced, albeit still net positive for GBP. Diminishing FX impact...

Loonie may not be weak enough for sufficient rebalancing

Nov 26, 2015 21:43 pm UTC| Commentary

In 2015, CADs 13% fall versus the USD and 8.9% real trade weighted depreciation to-date this year represented a straightforward adjustment to a termsof-trade shock from lower energy prices, with the move reinforced by an...

Equity snapshot (indices)

Nov 26, 2015 15:14 pm UTC| Commentary

Equities are all green in todays trading. Kindly note all instruments mentioned here are CFDs, whose values might differ from cash or future traded. Performance this week at a glance in chart table - SP 500 - SP 500...

Currency snapshot (major pairs)

Nov 26, 2015 15:08 pm UTC| Commentary

Dollar index trading at 99.75 (-0.01%). Strength meter (today so far) - Euro -0.03%, Franc -0.13%, Yen +0.12%, GBP -0.03% Strength meter (since last week) - Euro -0.21%, Franc -0.56%, Yen +0.17%, GBP -0.43% EUR/USD...