FxWirePro: The Day Ahead- 5th October, 2016

Oct 05, 2016 04:56 am UTC| Commentary Economy

Lots of economic dockets scheduled for today but all with low to medium risks associated. Data released so far: New Zealand: ANZ commodity prices grew 5.1 percent in September. Japan: Markit services PMI...

Chart of the Day Series

Chart of the Day: USD liquidity squeeze

Oct 04, 2016 14:56 pm UTC| Commentary Economy

This chart, shared by soberlook.com shows a squeeze in the dollar liquidity at the end of the third quarter. Interest rate jumped 135 basis points to 1.90 percent. The new regulations on the money market funds have been...

Risk of a run on Deutsche Bank stock is real – even if its financials look fine

Oct 04, 2016 13:58 pm UTC| Insights & Views Economy

Deutsche Banks share price plummeted following a US$14 billion demand from the US Department of Justice for mis-selling mortgage-backed securities. On the surface its a hefty fine and Deutsche is challenging it but it...

Fears of ‘hard Brexit' spook markets, pound weakness continues despite strong UK data

Oct 04, 2016 12:21 pm UTC| Insights & Views Economy

UK Prime Minister Theresa Mays announcement to invoke article 50 by March 2017 at the latest, thus starting official exit negotiations has put considerable pressure on the Sterling. Markets are seeing an increased...

FxWirePro: Norwegian Krona stands out efficient among commodity space – Only EUR/USD weakness to cause risks in shorts of CAD/NOK

Oct 04, 2016 11:46 am UTC| Economy Insights & Views

USD/NOK is a better short for higher oil prices than USD/CAD: Better growth and the possibility of monetary policy divergence... The Canadian economy is struggling in the aftermath of the shale-oil booms end. The...

Worrisome Signs Series

Worrisome Signs Series: Construction spending shrinks for first time in five years

Oct 04, 2016 11:04 am UTC| Commentary Economy

According to latest data released this week, construction spending in the United States declined for the fourth time in five months. Since April, spending has declined every month except for in July, when it remained flat...

R&D tax incentives need to be simple and underpin investor confidence

Oct 04, 2016 07:47 am UTC| Insights & Views Law Economy

Few examples of Australian tax policy are subject to as frequent change as the Research Development tax subsidy, again under review by the federal government. Substantive changes to the rules have occurred every five of...