JPY: Tankan and wages should confirm ongoing recovery
Jun 28, 2015 21:00 pm UTC| Commentary
The yen depreciation in May was driven by global and technical factors, and not by Japanese fundamentals. Japans Q1 real GDP growth surprised to the upside, current account is recording continuous surplus, and wages are...
Jun 28, 2015 20:48 pm UTC| Commentary
After rallying about 4% in the first three weeks of June, helped by public communication by the more hawkish members of the BoE MPC, GBPUSD fell about 1% last week and UK data should drive further depreciation this...
EUR: Increasingly vulnerable to Greek political uncertainty
Jun 28, 2015 20:39 pm UTC| Commentary
The EUR will become increasingly vulnerable to developments from the Greek political uncertainty in the coming week following the surprise decision by the Greek government to unilaterally end the negotiation process with...
USD: The obvious potential outperformer of the week ahead
Jun 28, 2015 20:31 pm UTC| Commentary
Barclays notes:Even if the Fed seems to be hesitant about committing to start normalizing monetary policy in the near future, we think recent data supports our view that the likelihood of a September rate hike is higher...
Benefits of low oil finally making an economic impact
Jun 27, 2015 12:28 pm UTC| Commentary
The sudden drop in low oil prices whacked energy sector earnings and resulted in a pullback in many of the marginal shale oil projects. While the bad news had an immediate economic impact, the benefits of low oil have...
US Fundamental overview and outlook
Jun 27, 2015 12:09 pm UTC| Commentary
The FOMC continued to guide at its most recent meeting that it anticipates interest rate lift-off to occur in 2015, although the timing and extent of that lift off will depend on economic growth. The key domestic question...
Greece going for referendum, more questions arise
Jun 27, 2015 11:51 am UTC| Commentary
Greek Prime Minister Alexis Tsipras announced a surprise referendum on the Greek bailout negotiations, lateon Fridaynight. In a speech that was broadcast live on Greek television, he announced that the referendum would be...