Early signs of recovery are now visible in base metals
Jul 15, 2015 23:35 pm UTC| Commentary
Early signs of recovery are now visible in base metals namely on Zinc and Aluminium as both probed their long-term support levels (respectively at 1950/37 and 1650/1600) and have confirmed a short-term inverted Head and...
Cross-Border M&A activity highlights increasing popularity in large cap growth
Jul 15, 2015 23:05 pm UTC| Commentary
As U.S. record level MA heats up this summer, this activity has drawn the attention of international investors, especially China. Just recently, a Chinese state-owned technology firm offered an enormous $23 billion bid for...
BoC rate cut by 25bps to 0.50%
Jul 15, 2015 22:22 pm UTC| Commentary
The BoCs justification for the rate cut was on the back of a notably lower growth profile and greater downside risks to inflation compared to their April round of forecasts. H1 was clearly a disappointment to the Bank,...
US producer prices post another solid rise in June
Jul 15, 2015 21:55 pm UTC| Commentary
Producer prices rose faster than expected in June. Headline PPI was up 0.4% m/m, above consensus (0.2%) forecasts. The rise in headline PPI was driven by goods prices, but services PPI was also solid. Core PPI (ex-food and...
ECB tone EUR negative, but no sustained impact
Jul 15, 2015 21:39 pm UTC| Commentary
The ECBs dovish tone is expected to be negative for the Euro, but should not have a sustained impact. The current level of EUR/USD is consistent with data and fundamentals.Market positions in G10 FX are relatively light,...
ECB to face a complicated challenge next week
Jul 15, 2015 21:23 pm UTC| Commentary
The ECB faces a complicated challenge next week. The tightening in monetary conditions and the Greek saga leave the ECB with its finger on the trigger. Risks surrounding China certainly add to the dovish bias. But economic...
China helps ECB with dovish bias
Jul 15, 2015 21:07 pm UTC| Commentary Central Banks
At the moment, the ECB would use any argument to support its dovish message. Slower Chinese demand and resulting lower commodity prices are nice anti-tapering elements that should help tame the hawkish side of the Council....
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