Jul 07, 2017 06:59 am UTC| Technicals Insights & Views
It has broken a stiff resistance of 128.875 levels, current prices spike well above SMAs. For now, more rallies on card as 7DMA crosses over 21DMA which is a bullish crossover. After last weeks whipsaws pattern,...
Jul 06, 2017 13:07 pm UTC| Central Banks Insights & Views
In China, we have recently seen CAIXIN PMIs out for June month after surprising to the low side in May at 49.6, however, the parallel Jun national PMI measure did rise 0.5pts last Friday to 51.7. The balance of payments...
FxWirePro: EM central banks radar - Snippets on rate derivatives options
Jul 06, 2017 12:38 pm UTC| Research & Analysis Insights & Views Central Banks
In this write-up, the central banks of EM rate expectations monitor reveal some opportunities. While EMFX implied volatility has moved higher from the multiyear lows this week and DM rates sold off. In Korea, the market...
Jul 06, 2017 12:13 pm UTC| Research & Analysis Insights & Views
The combination of a Fed overlooking benign core inflation, rising core yields and adjustment of ECB policy is nonetheless likely to constitute a mild tightening of financial conditions for EM, which warrants adding to...
Significant upside risk to Poland's inflation could prompt rate hike discussions at end-2017
Jul 06, 2017 11:52 am UTC| Insights & Views Economy Central Banks
The Monetary Policy Council of the National Bank of Poland (NBP) maintained interest rate at a record low 1.50 percent on Wednesday, as widely expected. The lombard rate was retained at 2.50 percent and the deposit rate at...
Jul 06, 2017 11:49 am UTC| Research & Analysis Insights & Views
Bullish and bearish scenarios of USDMXN: Bullish scenario: USDMXN could be seen at 20 over 2H17 on a putative disorderly renegotiation of NAFTA, de-anchoring inflation expectations leading to bond outflows and local...
Jul 06, 2017 11:18 am UTC| Insights & Views
In Brazil, reform optimism has not waned and there is increasing risk that Temer may not complete his term. USDBRL should move higher as reform optimism wanes. Economic activity should recover and the rate easing cycle is...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects