RBNZ has a green light to be upbeat -TDS

Analysts at TD Securities explained that the NZD OIS is flat at the 1.75% official cash rate (OCR), then barely 50% priced for+25bp by February 2019. Key Quotes: "Consensus does not expect newly-minted RBNZ Governor Adrian Orr to hike until the middle of next year, at the earliest." ...

Japan Foreign investment in Japan stocks: ¥480.4B (April 20) vs ¥308.3B

Japan Foreign bond investment: ¥950.3B (April 20) vs ¥797.6B

South Korea Gross Domestic Product Growth (YoY) came in at 2.8%, below expectations (2.9%) in 1Q

Forex today: yields at four-year highs, dollar firmed up on 91 handle

Forex today was lacking data from both the European and US sessions and was less volatile while traders await the outcome of the ECB on Thursday. The dollar was bid on the basis that US yields climbed higher in both the twos and tens and focus remained on US stocks once again.  The DXY trade ...

BOC’s Poloz: cautiously positive on Canadian economy

Bank of Canada (BoC) Governor Stephen Poloz appeared before the Canadian Parliament's upper house today, largely reiterating the same talking points he delivered to the lower house earlier in the week, delivering several targeted points about the Canadian economy. Key highlights: Canadia ...

Durable good is next key US data, what’s in store? – Westpac

Analysts at Westpac noted the key US data for the day ahead as US durable goods. Key Quotes: "The US durable goods orders report occasionally impacts on markets. The consensus is for a modest 0.5%mth rise in March, ex-transportation (mostly Boeing orders), following a 1% gain in Feb.  Th ...

ECB: when will the ECB will provide guidance on QE? – ANZ

Analysts at ANZ noted that the ECB meeting tonight will be keenly watched for its assessment of Q1 activity – in particular, whether the ECB see volatility in recent data as transient or more pertinent.  Key Quotes: "Draghi is likely to remain constructive on the growth outlook ...

South Korea Gross Domestic Product Growth (QoQ) above forecasts (1%) in 1Q: Actual (1.1%)

Can USD/JPY go higher? – Nomura

Analysts at Nomura explained that as bond market implied volatility remains muted, USD/JPY and cross yens may benefit from higher foreign yields, while JGB yields remain low owing to the BOJ’s yield curve control policy.  Key Quotes: "Further upside in USD/JPY and EUR/JPY i ...

USD/CAD back into 1.2850 following BoC Poloz comments

Loonie manages to walk back some USD gains, but a middling Poloz could be hampering momentum. Treasury yields are the star of the show this week, sending the Greenback broadly higher. Ther USD/CAD is holding near 1.2840 heading into Thursday's action, after pushing into three-week highs o ...

Key US data previews: what will US Thursday bring? – Nomura

Analysts noted and previewed the next key US data. Key Quotes: "Initial jobless claims: Initial jobless claims remain subdued in light of a tight labor market and steady job growth. Over the medium term, we continue to expect low readings as the labor market tightens further.  Advanc ...

ECB preview: always interest in Draghi’s presser – Nomura

Analysts at Nomura explained that the global focus is the ECB policy decision.  Key Quotes: "Interest rates are firmly on hold, as is the asset purchase (money-printing) program, running at EUR30bn per month until at least end-September." "But there is always interest i ...

EUR/USD continues to slide, 1.2150 on deck as ECB rate decision looms

Euro tumbles once again after faking a potential recovery. Rising bond yields are continuing to bolster the Greenback, which is crushing in the broader FX market. An increasingly-dovish ECB on-deck for Thursday could help or hinder the Euro. The EUR/USD is continuing to fall, currentl ...