May 18, 2017 09:52 am UTC| Research & Analysis Insights & Views
Coal prices have spiked in the aftermath of Cyclone Debbie, but any price rise should be temporary. Severe supply disruptions following floods in Queensland (refer above chart) have pushed up the price of seaborne coking...
FxWirePro: Derive yields via derivatives on low vols but eventually less ECB QE
May 17, 2017 12:31 pm UTC| Research & Analysis Insights & Views Central Banks
We look at how the sensitivity to global yields has changed after the greater reaction in longer-end rates in Japan and the Euro area in recent sell offs. With the BoJ having signaled it is comfortable with a steeper curve...
FxWirePro: Driving forces of neutral RUB stances and hedging vehicles
May 17, 2017 11:49 am UTC| Research & Analysis Insights & Views Central Banks
While rubles medium term structural drivers are supportive, a sequentially dovish shift by the central bank and uncertain oil outlook keeps us neutral. The fundamental drivers of RUB over the medium-term look attractive: a...

FxWirePro: Antipodeans seems rich against other commodity blocs in long-term fair value estimates
May 17, 2017 11:37 am UTC| Research & Analysis Insights & Views
There has been substantial movement in G10 currencies over the past month, but the ranking of currencies on this framework hasnt changed. Despite JPY and CAD underperforming in the past month and GBP and EUR...

May 17, 2017 11:01 am UTC| Research & Analysis Insights & Views
CAD sharply depreciated by as much as 4.8% from mid-April highs on a layering of multiple concerns that suddenly gathered around Canada. These risks include fresh concerns over the US-Canada trade relationship, the...

May 17, 2017 08:50 am UTC| Central Banks Research & Analysis Insights & Views
The RBNZ was very dovish at the May MPS. Despite inflation recovering in 1Q to above 2%oya for the first time in six years, Governor Wheeler stuck to his neutral guidance, and the staff maintained their forecast that the...
May 17, 2017 08:31 am UTC| Research & Analysis Insights & Views
NZD underperformed, despite a modest upside surprise from the GDT dairy auction, slipping from 0.6902 to 0.6863 against USD, and partly retracing to 0.6894. AUD/NZD rose from 1.0746 to 1.0800. The RBNZ has signaled the...