Jun 03, 2015 20:50 pm UTC| Commentary
Westpac Research notes:AUD/USD 1 day: Stuck around the 0.7800 level, but theres potential for a retail sales surprise to jolt it free.AUD/USD 1-3 month: Eventual resumption of the strong US dollar trend should weigh on the...
Jun 03, 2015 20:49 pm UTC| Commentary
Westpac Research notes:AU swap yields 1 day: The 2yr should open around 2.25% while the 10yr should open around 3.37%.AU swap yields 1-3 month: Mays yield declines are giving way to a resumption of the yield rises which...
Jun 03, 2015 20:49 pm UTC| Commentary
Westpac Research notes:NZ swap yields 1 day: Given the movement in interest rates in key markets overnight, the NZ 2yr should open 3bp higher at 3.37% while the 10yr should open 5bp higher at 4.02%.NZ swap yields 1-3...
Beige Book confirms that U.S. economy started off Q2 at a relatively soft pace
Jun 03, 2015 19:43 pm UTC| Commentary
This Beige Book essentially confirms the view that the economy started off the second quarter at a relatively soft pace. Headwinds include primary and secondary impacts of lower energy-related activity, the strong dollar...
Jun 03, 2015 18:57 pm UTC| Commentary
BofA Merrill Lynch:Copper is on the edge of resuming its long-term downtrend as it probes four-month trendline support at 6034 (it has yet to close below this trendline).Indeed, an impulsive break below confirms an end to...
An extremely interesting year for European FX
Jun 03, 2015 18:34 pm UTC| Commentary
This has been a year packed with events for the European G5 currencies. ECB QE and the Greek crisis have weakened EUR further. The SNB unexpectedly abandoned the EUR/CHF floor. The Riksbank started QE, weakening SEK....
Disappointments can be expected in relation to ECB's ambitious growth forecasts
Jun 03, 2015 18:07 pm UTC| Commentary
Apart from Greece, the ECB meeting was concerned primarily with the QE programme. As expected, Draghi confirmed that the bank would implement the purchase programme in full.If economic growth proved disappointing or...