Asian markets slightly positive, gold back above $1,260 mark

Jun 23, 2016 03:18 am UTC| Commentary

All the major Asian indices are trading on a flat to positive note ahead of the big event for the day that is Brexit vote. Japanese Yen holds in tight range in between 103.85 to 105.00 mark and gold remains well supported...

Chart of the Day Series

Chart of the Day: Guilty Gilt of Pension Deficit

Jun 22, 2016 15:34 pm UTC| Commentary Central Banks

Central bankers have been assuring of no ill effects on savings from their low rates but this chart from Credit Suissesays otherwise. Pension deficit seems to be directly proportional to the drop in Gilt yields. Since...

Canadian bonds rise modestly ahead of Bexit referendum

Jun 22, 2016 15:30 pm UTC| Commentary

The Canadian bonds traded modestly firmer on Wednesday as investors await the Brexit vote on Thursday. Also, we expect it to trade in a range bound ahead of the referendum outcome. The yield on the benchmark 10-year...

Norges Bank likely to hold rate at 0.50 pct at Thursday's meet, could reiterate strong easing bias

Jun 22, 2016 15:24 pm UTC| Commentary

Norways LFS unemployment was unchanged at 4.6 percent from March to April and down 0.1 percentage points since January (last three months). Unemployment in March was revised down from 4.7 to 4.6 percent. Data beat...

Falling inflation gives South African Reserve Bank room to pause its rate hike cycle

Jun 22, 2016 14:45 pm UTC| Commentary

In mid-May the South African Reserve Bank (SARB) took a break in the rate hike cycle but openly admitted its dilemma between a weak real economy and high inflation levels. Since then the situation for the SARB has not...

PBoC to consider the possibility of allowing onshore banks to trade CNH

Jun 22, 2016 14:24 pm UTC| Commentary

Chinas central bank is considering for the first time to allow onshore commercial banks access to the offshore CNH market. This is another effort by the Peoples Bank of China (PBOC) to narrow the gap between onshore and...

API reports deficit, while WTI awaits EIA report: call updated

Jun 22, 2016 14:17 pm UTC| Commentary

Oil price has recovered sharply from last weeks slump, riding on risk affinity and rebels decline to ceasefire in Nigerian delta. Key factors at play in Crude market Goldman Sachs has called that crude recovery...