Markets getting oversold on renewed Greek concerns
Jun 09, 2015 17:29 pm UTC| Commentary
Markets are getting oversold on renewed concerns of a Greek "accident" and a marked increase is seen in bond volatility. Last week we saw a stand-off between the EU authorities and Greeces government. Central case remains...
China inflation data highlighted need for further monetary easing
Jun 09, 2015 17:12 pm UTC| Commentary
China CPI inflation eased from 1.5% y/y to 1.2% y/y (consensus 1.3%) and PPI inflation held at -4.6% y/y (consensus -4.5% y/y). Data again highlighted the need for further monetary easing amid weak domestic demand, notes...
USD reverses payrolls-driven gains
Jun 09, 2015 17:05 pm UTC| Commentary
USD remained heavy in overnight trade. Although off the lows, USD is still at levels that prevailed before Fridays strong payrolls release against most of the majors and there is again nothing in the way of news to...
JOLTs data provides more evidence that the U.S. labor market is improving
Jun 09, 2015 15:58 pm UTC| Commentary
Another jobs measure that the Fed watches improved further in April. The number of job openings (mainly in the private sector) rose to 5,376k, the highest since this particular survey began in late 2000.All of the openings...
Jun 09, 2015 15:47 pm UTC| Commentary
Western Union notes:The dollar firmed after its Monday fall but overall kept to its months long unpredictable pattern of trade. Profit taking kicked in Monday after the dollars jobs-inspired surge on Friday. The dollars...
Jun 09, 2015 15:46 pm UTC| Commentary
Western Union notes:Oil us up, the U.S. dollar has shed its jobs-driven gains and the Canadian dollar is at its strongest in two weeks. Loonie sentiment perked up in Canadas best jobs report in seven months in May.Canadas...
Jun 09, 2015 15:45 pm UTC| Commentary
Western Union notes:Sterling weakened despite better than expected news today on Britains trade deficit which narrowed to 8.6 billion in April from a 10.7 billion shortfall in March. The data wasnt enough to allay worries...