Jun 15, 2015 20:28 pm UTC| Commentary
Westpac Research notes:AUD/NZD 1 day: The rally has slowed at the 1.1100 area.AUD/NZD 1-3 month: The RBA will probably remain on hold (albeit with easing risk), while the RBNZ is currently in easing mode. Expected RBA vs...
Jun 15, 2015 20:27 pm UTC| Commentary
Westpac Research notes:NZD/USD 1 day: A minor base forming at 0.6940 but it should eventually give way. Dairy prices tonight are a potential catalyst.NZD/USD 1-3 month: Multi-month, we expect the US dollar uptrend to...
Jun 15, 2015 20:27 pm UTC| Commentary
Westpac Research notes:AUD/USD 1 day: Stuck in a 0.7700-0.7800 range.AUD/USD 1-3 month: Eventual resumption of the strong US dollar trend should weigh on the AUD during the next few months. The next major downside target...
Jun 15, 2015 20:26 pm UTC| Commentary
Westpac Research notes:AU swap yields 1 day: The 2yr should open around 2.16% while the 10yr should open around 3.38%.AU swap yields 1-3 month: The 10yr should continue to rise, following US yields, and targets above...
More bullish evidence for Bunds
Jun 15, 2015 18:47 pm UTC| Commentary
Evidence for German Bunds continues to build for bullish turn in trend, especially as the US-GER 10yr spread is showing signs of basing and resuming its long term widening trend.BofA Merrill Lynch says "We reiterate our...
Oil market sentiment remains weak
Jun 15, 2015 18:03 pm UTC| Commentary
While crude oil prices moved modestly higher last week, they closed the week USD 2.50/bbl off their highs and have begun the current week looking to the downside.Prices made their largest retreat after the publication of...
Commodities volatility remains high, but gold is an outlier
Jun 15, 2015 17:54 pm UTC| Commentary
Volatility in commodities remains elevated compared with the relatively calm market conditions of a year ago. Most commodities have been more volatile during the current quarter than they were in Q2-2014; at the extreme,...
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