Fundamental Outlook: AUD/JPY
During the Asia-Pacific session, the RBNZ cut rates by 25 basis points to a record low of 1.75% as expected. RBNZ Governor Wheeler stated that “at this stage we think we won’t need another cut” resulting in NZD strength.…
]]>
Fundamental Outlook: AUD/JPY
During the Asia-Pacific session, the RBNZ cut rates by 25 basis points to a record low of 1.75% as expected. RBNZ Governor Wheeler stated that “at this stage we think we won’t need another cut” resulting in NZD strength.…
]]>
Fundamental Outlook: EUR/USD
Over the Asia-Pacific session, the market’s focus has remained firmly fixed on the US Presidential Election with a Donald Trump victory looking all but certain along with Republicans retaining the House of Representatives and gaining the Senate. Consequently, USD has weakened across the board along with strength in safe-haven currencies given a strong risk-off tone across financial markets.…
]]>
Fundamental Outlook: EUR/USD
Over the Asia-Pacific session, the market’s focus has remained firmly fixed on the US Presidential Election with a Donald Trump victory looking all but certain along with Republicans retaining the House of Representatives and gaining the Senate. Consequently, USD has weakened across the board along with strength in safe-haven currencies given a strong risk-off tone across financial markets.…
]]>
Fundamental Outlook: USD/JPY
Yesterday’s FOMC meeting saw the Fed remain on hold as was widely expected, however, the number of dissenters declined to 2 as Fed’s Rosengren withdrew his previous vote to hike rates. In the accompanying statement, the FOMC stated that “the case for a rate hike has continued to strengthen but have decided to wait for the time being for some further evidence” whilst reiterating that “they view inflation to rise to their 2% target over the medium term” however removed their previous statement that inflation is expected to remain low in the near term.…
]]>
Fundamental Outlook: USD/JPY
Yesterday’s FOMC meeting saw the Fed remain on hold as was widely expected, however, the number of dissenters declined to 2 as Fed’s Rosengren withdrew his previous vote to hike rates. In the accompanying statement, the FOMC stated that “the case for a rate hike has continued to strengthen but have decided to wait for the time being for some further evidence” whilst reiterating that “they view inflation to rise to their 2% target over the medium term” however removed their previous statement that inflation is expected to remain low in the near term.…
]]>
Fundamental Outlook: NZD/CAD
Early in the Asia-Pacific session, we saw the release of New Zealand employment data which beat expectations across the board with Employment Change printing at 1.4% versus expectations of 0.6% and the Unemployment Rate declining to 4.9% versus expectations of 5.1%.…
]]>
Fundamental Outlook: NZD/CAD
Early in the Asia-Pacific session, we saw the release of New Zealand employment data which beat expectations across the board with Employment Change printing at 1.4% versus expectations of 0.6% and the Unemployment Rate declining to 4.9% versus expectations of 5.1%.…
]]>
Fundamental Outlook: AUD/JPY
During the Asia-Pacific session, Chinese Manufacturing PMI and Caixin Manufacturing PMI both beat expectations at 51.2, supporting commodity-linked currencies. AUD was then further bolstered by an unwinding of outside bets as the RBA decided to remain on hold.…
]]>
Fundamental Outlook: AUD/JPY
During the Asia-Pacific session, Chinese Manufacturing PMI and Caixin Manufacturing PMI both beat expectations at 51.2, supporting commodity-linked currencies. AUD was then further bolstered by an unwinding of outside bets as the RBA decided to remain on hold.…
]]>
- Australian rate decision: The latest headline Australian inflation data was higher than expected with a 7% quarterly increase, although underlying readings were in line with expectations. This will be the second policy meeting for Reserve Bank Governor Lowe and the evidence overall does not suggest that there will be a radical departure in tone or policy stance.
- Australian rate decision: The latest headline Australian inflation data was higher than expected with a 7% quarterly increase, although underlying readings were in line with expectations. This will be the second policy meeting for Reserve Bank Governor Lowe and the evidence overall does not suggest that there will be a radical departure in tone or policy stance.
Fundamental Outlook: AUD/JPY
The main event during the Asia-Pacific session was Japanese inflation data. National CPI and National Core CPI remained unchanged at -0.5% with Tokyo CPI slightly beating expectations at 0.1% for the headline and -0.4% for the core versus expectations of -0.5% for both data points.…
]]>
Fundamental Outlook: AUD/JPY
The main event during the Asia-Pacific session was Japanese inflation data. National CPI and National Core CPI remained unchanged at -0.5% with Tokyo CPI slightly beating expectations at 0.1% for the headline and -0.4% for the core versus expectations of -0.5% for both data points.…
]]>
Fundamental Outlook: AUD/NZD
During the Asia-Pacific session, the main event was Australian CPI which saw headline CPI beat expectations at 0.7% q/q versus 0.5% expected and 1.3% y/y versus 1.1% expected. The RBA’s core measures of inflation weren’t quite as upbeat with Weighted Mean CPI slightly missing expectations at 0.3% q/q versus 0.4% expected and 1.3% y/y versus 1.4% expected.…
]]>
Fundamental Outlook: AUD/NZD
During the Asia-Pacific session, the main event was Australian CPI which saw headline CPI beat expectations at 0.7% q/q versus 0.5% expected and 1.3% y/y versus 1.1% expected. The RBA’s core measures of inflation weren’t quite as upbeat with Weighted Mean CPI slightly missing expectations at 0.3% q/q versus 0.4% expected and 1.3% y/y versus 1.4% expected.…
]]>
Fundamental Outlook: EUR/CAD
During the Asia-Pacific session, the focus has been on CAD following comments from Governor Poloz who stated that the “best plan is to wait 18-months” which saw USDCAD decline to below 1.33 before paring most of its gains after Poloz clarified this was in regards to the output gap and not monetary policy.…
]]>
Fundamental Outlook: EUR/CAD
During the Asia-Pacific session, the focus has been on CAD following comments from Governor Poloz who stated that the “best plan is to wait 18-months” which saw USDCAD decline to below 1.33 before paring most of its gains after Poloz clarified this was in regards to the output gap and not monetary policy.…
]]>
Fundamental Outlook: EUR/USD
There was no tier 1 data or news of note during the Asia-Pacific session. USD has remained firm against its major counterparts with EURUSD continuing its decline, currently testing the 1.09 handle. There is no tier 1 data due in today’s London session with today’s main event being Canadian CPI later in the New York session.…
]]>
Fundamental Outlook: EUR/USD
There was no tier 1 data or news of note during the Asia-Pacific session. USD has remained firm against its major counterparts with EURUSD continuing its decline, currently testing the 1.09 handle. There is no tier 1 data due in today’s London session with today’s main event being Canadian CPI later in the New York session.…
]]>