US interest rates to peak higher than forecast – Goldman Sachs

Goldman analysts are out with a note on the US Federal Reserve and rate hike expectations through the rest of 2018. Key highlights Goldman's odds of a June rate hike from the Fed is at 90%. Final peak in US rates will also be higher than previously expected. Rates will stay on hold in April ...

Market wrap: US yields continued Thursday’s decline – Westpac

Analysts at Westpac offered a market wrap. Key Quotes: "US GDP rose 2.3% annualised in Q1 (vs 2.0% expected), the positive result tempered by a clear softening in consumer-driven momentum from 2017. On the positive side, personal disposable income jumped a solid 3.4% (tax cut driven), the cor ...

AUD/JPY holding in last week’s range to kick off the new week

Monday will be a quiet showing, with Japan off for a long weekend and Australia seeing small-time figures. The RBA is caught in a lag spiral, and traders are just waiting to see how much lower the central bank's bar has been set. The AUD/JPY is trading near 82.65 in quiet early wee ...

Tariffs to return to the forefront as May 1st deadline approaches

Focus is likely to swing back to US President Trump's steel and aluminum tariffs this week, as the exemptions granted to several key trading partners with the US were only temporary, with a self-imposed deadline of May 1st by Trump. Key notes Exemptions for Canada and Mexico have been tied t ...

BoE odds cut a further 30% – Westpac

Analysts at Westpac noted the pood show of late in UK data. Key Quotes: "UK Q1 GDP posted a meagre 0.1% q/q and 1.2% y/y against already low expectations of 0.3% q/q and 1.4% y/y. The Office of National Statistics stated that the miss was only partly related to wintry weather with weaknes ...

UK data disappointments curtail GBP upside, GDP reviewed – Nomura

Analysts at Nomura noted the UK's soft GDP print but said it is largely because of one sector. Key Quotes: "The economy grew at just 0.1% q-o-q in Q1 2018, its weakest rate since the end of 2012. This was also outside the range of economists’ estimates – the low point of thos ...

AUD/USD holding steady near 0.7575 as the new week opens quietly

The Aussie opens the week looking up a steep cliff after falling for two straight weeks. Monday sees low-impact news before the RBA's Tuesday rate decision. The AUD/USD heads into a new week still trading near 0.7575, the level that Friday's bounce back against the USD managed to hi ...

NZD/USD: quiet start to week, in positive territory, target 0.7185

NZD/USD: remains in positive territory despite losing 0.79 handle.  NZD/USD: US dollar and yields pressured, opens 0.7185 target.  NZD/USD started out the week stable in and around a few pips of Friday's closing price. Currently, NZD/USD is trading at 0.7082 and remains robus ...

Event risk: eyes on RBA Tuesday – ANZ

Analysts at Westpac noted a low key events day today, but have eye son the RBA tomorrow. Key Quotes: "Event risk: Australia’s calendar is low key ahead of the RBA meeting tomorrow. The RBA releases Mar private sector credit data. Markets in Japan and China are closed for a holiday ...

Sterling to suffer further setbacks on Rudd’s resignation?

Brexit could be another upset for sterling at the start of this week with UK politics taking the headlines from the off. It was recently announced today that the UK's Home Secretary, Amber Rudd, has resigned.  After denying any knowledge of such targets, there were reports that Rudd ha ...

ECB and EZ watch: data will be closely watched this week – ANZ

Analysts at ANZ explained that after the disappointment of the UK and France Q1 GDP data, Q1 euro area data this week will be closely watched. Key Quotes: "Data out of Spain and Austria were strong, suggesting the weakness is not universal. That said, the Q1 story seems to be discounted fo ...

BoE bets lower, what to do about GBP positions? – Nomura

Analysts at Nomura had a GBP/CHF long position that they have just cut due to the recent data disappointments in the UK economy. Key Quotes: "We expect GBP to remain under pressure until the April PMIs are released next week." "It’s why we are booking a partial profit on lon ...

Markets in a snap-shot: US consolidates – ANZ

Analysts at ANZ offered a snapshot of the last sessions of last week's markets. Key Quotes: "The USD consolidated as data confirmed the US economy’s outperformance in Q1, in contrast to weaker GDP data out of Europe. Sterling was the day’s biggest casualty, falling 1.0% on th ...

Israel stocks higher at close of trade; TA 35 up 0.48%

Investing.com – Israel stocks were higher after the close on Sunday, as gains in the Real Estate, Communication and Technology sectors led shares higher. At the close in Tel Aviv, the TA 35 added 0.48%. The best performers of the session on the TA 35 were OPKO Health Inc (TA:OPK), which rose 3.47% ...

Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.29%

Investing.com – Saudi Arabia stocks were lower after the close on Sunday, as losses in the Petrochemicals, Media&Publishing and Cement sectors led shares lower. At the close in Saudi Arabia, the Tadawul All Share fell 0.29%. The best performers of the session on the Tadawul All Share were Saudi ...

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