May 18, 2017 12:55 pm UTC| Central Banks Research & Analysis Insights & Views
The Mexican central bank will decide on its key rate tonight. The majority of market participants expect unchanged key rates. After all, the central bank has already hiked its key rate by a total of 350bp over the past...
May 18, 2017 11:22 am UTC| Research & Analysis Insights & Views
Futures contracts in Comex for the yellow metal has shed around $3.00, or about 0.3%, to $1,255.29 a troy ounce by 07:00GMT. Front-end and intermediate US Treasury yields declined 1-4bp, as CPI disappointed relative to...
FxWirePro: Chinese equities and commodity prices make graveyard for high beta FX space
May 18, 2017 10:32 am UTC| Research & Analysis Insights & Views Central Banks
FX markets are processing a messy combination of falling commodities, higher core yields, and isolated weakness in Chinese equity markets that fuels a sense something may be up in China. May is living up to its...
May 18, 2017 09:52 am UTC| Research & Analysis Insights & Views
Coal prices have spiked in the aftermath of Cyclone Debbie, but any price rise should be temporary. Severe supply disruptions following floods in Queensland (refer above chart) have pushed up the price of seaborne coking...
FxWirePro: Derive yields via derivatives on low vols but eventually less ECB QE
May 17, 2017 12:31 pm UTC| Research & Analysis Insights & Views Central Banks
We look at how the sensitivity to global yields has changed after the greater reaction in longer-end rates in Japan and the Euro area in recent sell offs. With the BoJ having signaled it is comfortable with a steeper curve...
FxWirePro: Driving forces of neutral RUB stances and hedging vehicles
May 17, 2017 11:49 am UTC| Research & Analysis Insights & Views Central Banks
While rubles medium term structural drivers are supportive, a sequentially dovish shift by the central bank and uncertain oil outlook keeps us neutral. The fundamental drivers of RUB over the medium-term look attractive: a...
FxWirePro: Antipodeans seems rich against other commodity blocs in long-term fair value estimates
May 17, 2017 11:37 am UTC| Research & Analysis Insights & Views
There has been substantial movement in G10 currencies over the past month, but the ranking of currencies on this framework hasnt changed. Despite JPY and CAD underperforming in the past month and GBP and EUR...
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
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects