Jul 20, 2015 07:04 am UTC| Commentary
The USD longs of the speculative IMM traders have increased in the last CFTC reporting week, though it was a small change. The USD optimism of the price sensitive market participants is pronounced but still a long way off...
Signs of stabilization in China's June new house prices
Jul 20, 2015 06:59 am UTC| Commentary
Chinas June new house prices released on Saturday showed signs of stabilization. This follows multiple rounds of monetary easing since November and loosening of mortgage lending requirements in March.Separately, the extent...
EUR/CZK ignores fundamental data, keeps approaching floor
Jul 20, 2015 06:56 am UTC| Commentary
Early last week, EUR-CZK was seen to move aggressively towards its CB-set floor of 27.00, ignoring near-term data such as worse-than-expected current-account for May, which brought the first negative reading in a...
Inflation to stay near Banxico’s target near term
Jul 20, 2015 06:51 am UTC| Commentary
Mexicos inflation slipped below 3.0% (Banxicos target) in May to 2.88% for the first time in a decade and remained largely unchanged in June. The core inflation remained at its lowest level ever at 2.3% and food inflation...
Iran, the end of the beginning
Jul 20, 2015 06:51 am UTC| Commentary
Iran and the P5+1 have finally come to an accord this past week, ending several years of strict sanctions. Iran stands to benefit from good behavior in the first few years. This means the lifting of sanctions and access...
Jul 20, 2015 06:44 am UTC| Commentary
It is not often the Great White North leads the G- 10 volatility march but last week, the BoC cut the overnight rate by 25 bps to 0.5% and reduced near-term growth forecasts.Poloz justified the move based on three key...
Further bond MF outflows to weigh on global markets?
Jul 20, 2015 06:36 am UTC| Commentary
With Fed hikes on the horizon and after the rise in rates, bond MF outflows have been running at nearly a $2bn per week pace since mid-June. Risks of further outflows, weighing on markets are however seen.After a...