Plans to sell oil from Strategic Reserves in U.S.

Oct 28, 2015 11:12 am UTC| Commentary

Oil prices continued on their downward trajectory yesterday and recorded multi-week lows. Brent fell to as low as $46.4 per barrel, which was its lowest level since mid-September. WTI dropped to a two-month low of $42.6...

China's net gold imports from Hong Kong climb to 10-month high in September

Oct 28, 2015 10:05 am UTC| Commentary

Since the start of the year, China has now imported 582 tons of gold from Hong Kong on a net basis, which is just shy of 3% more than in the same period last year. In other words, imports have now caught up following a...

Disappointing US economic data put oil prices under pressure

Oct 28, 2015 10:04 am UTC| Commentary Economy

Weak US economic data such as a sharp fall in consumer confidence were the final straw, as this makes for a much gloomier outlook as regards oil demand in the most important oil consumer country. In view of the negative...

RBNZ likely to cut rate against NZD appreciation

Oct 28, 2015 08:56 am UTC| Commentary

The RBNZ is likely to take action today and cut its key rate. That is what it had indicated at its last meeting: some further easing in the OCR seems likely. Of course, the word likely is open to interpretation. It...

Riksbank likely to demonstrate readiness

Oct 28, 2015 08:52 am UTC| Commentary Central Banks

Things were going quite well for the Riksbank. It seems to have convinced the markets that it will prevent an (excessive) appreciation of the SEK, which is why EUR-SEK has not traded notably below 9.20 since March....

USD may trade firmer after Fed meeting

Oct 28, 2015 08:49 am UTC| Commentary

The Federal Open Market Committee (FOMC) members may have said time and again that they could hike rates at their October meeting, but the markets have not believed them. And with nobody expecting a rate hike today. The...

Downside in USD-CNY likely limited

Oct 28, 2015 08:43 am UTC| Commentary Technicals

The spread between CNY and CNH widened to around 400pips this week, while it was almost zero two weeks ago. This is a bit surprising as Chinese authorities have committed to narrow the CNY-CNH spread in order to facilitate...