UK gilts rise on short covering, BoE maintains slightly hawkish tone

Dec 16, 2016 11:10 am UTC| Commentary

The UK gilts gained Friday as investors covered previous short positions, booked after the Federal Reserve raised interest rates for the first time this year and signalled at a faster hike in borrowing costs next...

BoJ seems committed to keep 10-year yields at zero pct, likely to keep policy rate steady

Dec 16, 2016 11:08 am UTC| Central Banks Commentary

The Bank of Japan is expected to release its two-day monetary policy meeting decision onTuesday, December 20. It is widely expected to keep its benchmark interest rate unchanged at -0.10 percent while continue to buy at 80...

FxWirePro: Pound enjoys second best weekly run against yen in more than two decades

Dec 16, 2016 10:54 am UTC| Commentary

Before the Brexit referendum, we at FxWirePro forecasted that the pound would decline from then current rate of 168 against the yen to 121. After the referendum, the pound declined to 124.7 against the yen in July,...

U.S. housing starts seem to have dropped in November

Dec 16, 2016 10:50 am UTC| Commentary

The U.S. housing starts are expected to have dropped in November after rising sharply in October. Housing starts had surged 25.5 percent to 1.323 million units in October, the highest level since 2007, as one-unit starts...

USD/JPY likely to trend lower around 112 by end-2017, says Lloyds Bank

Dec 16, 2016 10:26 am UTC| Commentary

The Japanese yen has depreciated over 16 percent against the U.S. dollar after the election victory of Donald Trump. The JPY traded back towards 118. The renewed sharp rise in USD/JPY pair has been driven by two important...

SGD likely to remain vulnerable to surge in U.S. inflation expectations on Trump’s re-inflationary policies, says Scotiabank

Dec 16, 2016 09:51 am UTC| Commentary Economy

The Singaporean dollar is expected to remain vulnerable to a surge in the inflation expectations of the United States, following President-elect Donald Trumps re-inflationary policies, while keeping its tight correlation...

Riksbank unlikely to cut rates in December, but may extend bond buying program

Dec 16, 2016 09:48 am UTC| Commentary

The Swedish central bank, Riksbank, is unlikely to lower its key interest rate next week, but is expected to extend the purchase program, according to a Nordea Bank research report. The central bank continues to struggle...