BOE to keep rates steady on Thursday – Reuters poll

The results of the latest Reuters poll of economists show that none of them see the Bank of England (BOE) hiking the interest rates on Thursday while some are raising doubts over an August rate hike. Key Findings: BNP Paribas economist Luigi Speranza noted: “The Monetary Policy Committee wil ...

Taiwan stocks lower at close of trade; Taiwan Weighted down 1.65%

Investing.com – Taiwan stocks were lower after the close on Tuesday, as losses in the , Electronic Parts/Components and Optoelectronic sectors led shares lower. At the close in Taiwan, the Taiwan Weighted lost 1.65%. The best performers of the session on the Taiwan Weighted were Century Iron And ...

USD/JPY plunges to over 1-week lows, near mid-109.00s

   •  Escalating US-China trade tensions underpins JPY’s safe-haven demand.    •  Falling US bond yields weigh on USD and add to the downward pressure.    •  Technical selling below 200-DMA further aggravates the bearis ...

Preview: Draghi’s speech at ECB Forum in Sintra

The European Central Bank (ECB) President Draghi’s speech is likely to hog the limelight in a data-light European session ahead. Draghi is due to deliver an introductory speech at 0800 GMT, as the two-day ECB Forum on Central banking begins in Sintra, Portugal. Markets eagerly await hi ...

Oil under pressure, bond markets supported – Danske Bank

Analysts at Danske Bank note that the oil price is under pressure not only from the 'trade war' between China and the US, but also from the expected increase in oil supply from OPEC although it is likely to be modest as OPEC has announced a proposal for a modest increase in the supply ...

EUR should stay focused on ECB event – Danske Bank

Chief Analyst at Danske Bank Jens Sorensen noted the EUR will be under pressure in light of the upcoming ECB Forum in Sintra. Key Quotes “It was a relatively uneventful session in the FX markets yesterday, but focus today should be in EUR crosses on comments at the ECB’s Sintr ...

US: Trade tensions escalating with China – Danske Bank

The tensions between the US and China continue as President Trump is threatening to impose another USD 200bn in tariff on Chinese exports to the US, points out the research team at Danske bank. Key Quotes “China has responded that they would retaliate with 'strong counter measures' ...

RBA Minutes: Little new information on the macro front – TDS

Analysts at TDS note that the RBA's June Board meeting minutes said little new on the macro front: expecting growth above 3% this year and next, a 'gradual' decline' in the unemployment rate, as well as 'gradual' lift in wages and inflation over time. Key Quote ...

EUR/USD faces initial resistance at 1.1694 – Commerzbank

In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s upside should meet initial resistance at 1.1694. Key Quotes “EUR/USD held steady yesterday, keeping our negative bias entrenched. We saw the markets upside correction terminate at the 1.1855 38.2 ...

GBP/USD slips back into 1.3250 ahead of the London market open

The week's bullish start is beginning to look shaky, the GBP/USD lacks confident momentum. Little of note on the caldendar today, traders are focused solely on Thursday's BoE showing. The GBP/USD bumped higher in early Tuesday action, but the lift appears to be ending as the Sterlin ...

Swiss Govt Forecasts: 2018 economic growth seen at 2.4 percent

In its quarterly economic forecasts, Switzerland’s State Secretariat for Economic Affairs (SECO) maintained the Swiss GDP growth rate at 2.4% for 2018. Further Details: 2018 economic growth seen at 2.4% versus March’s forecasts of 2.4%. 2019 economic growth 2.0% versus the previou ...

EUR/USD eases from tops, back around 1.1620

The pair’s upside momentum fades around 1.1640/50. The greenback stays under pressure following US-China trade headlines. ECB Forum, Draghi next of relevance in Euroland. After recording fresh daily highs in the 1.1640/50 band, EUR/USD has now given away some gains and returned to th ...

Australia stocks higher at close of trade; S&P/ASX 200 up 0.10%

Investing.com – Australia stocks were higher after the close on Tuesday, as gains in the Healthcare, Telecoms Services and Energy sectors led shares higher. At the close in Sydney, the S&P/ASX 200 rose 0.10% to hit a new 1-month high. The best performers of the session on the S&P/ASX 200 ...