JPY: Political comments and data in focus
Jun 07, 2015 20:45 pm UTC| Commentary
USDJPY regained most of its upward momentum after the sharp rally of the previous weeks. Political rhetoric from Japan will continue to attract attention, particularly if it remains above 125.BoJ Board Member Harada...
GBP: Mansion House speech, IP and manufacturing data to weigh on sterling
Jun 07, 2015 20:38 pm UTC| Commentary
In a relatively light week, BoE Governor Carneys Mansion House speech and April IP and manufacturing data will likely weigh on GBP.Governor Carney is likely to reiterate the relatively cautious tone of the recent May...
EUR: Data secondary to Greek developments
Jun 07, 2015 20:33 pm UTC| Commentary
Greek political developments will likely be the primary driver of EUR this week and should keep downward pressure on the currency.In terms of data, some rebound is expected in German industrial production (Monday) in April...
USD: Positive employment report keeps Fed on track to normalize policy
Jun 07, 2015 20:24 pm UTC| Commentary
A strong increase in retail sales next week (Thursday) is likely to allay Fed and market concerns about the US consumer. This information is expected to support the recent USD rally since the middle of May, adding to the...
OPEC maintains its policy to shake out higher-cost producers
Jun 06, 2015 10:26 am UTC| Commentary
At yesterdays OPEC meeting, the major Gulf Co-Operation Council members (Saudi Arabia, the UAE and Kuwait) showed no sign of changing their strategy - adopted last November - of allowing market forces to set oil prices,...
USD Strength Expected Over The Medium Term
Jun 06, 2015 10:19 am UTC| Commentary
Renewed bullish tone in the US dollar (USD), approaching US monetary policy normalization, increasing caution within the emerging-market asset class, persistent official intervention in currency and securities markets, and...
Jun 06, 2015 10:09 am UTC| Commentary
In the press conference following this weeks ECB meeting, Mario Draghi stated that the market should get used to periods of high volatility, implying that he wouldnt be leaning against the recent pickup in bund yields....
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects