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 ...

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 ...

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 ...

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 ...

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 ...

AUD/USD continues to slip down the rope, hits a new low below 0.74

The AUD/USD pings into a new low as risk aversion sends the pair steadily lower. A possible trade war between the US and China took a step closer to becoming reality today. The AUD/USD managed to clip into yet another new low for the day, touching into the 0.7380 level. The pair is now tradin ...

Asian Equities Extend Losses as China-U.S. Trade Spat Intensifies

Investing.com - Asian equities extended their losses in afternoon trade on Tuesday, with China’s Shanghai Composite and the Shenzhen Component down more than 3% after U.S. President Donald Trump threatens to impose new tariffs on more Chinese goods.   In a statement on Monday, Trump said he had aske ...

Hungary: NBH to keep all its policy rates on hold today – TDS

Analysts at TDS expect the Monetary Council of the NBH to keep all its policy rates on hold today, i.e. the policy rate will be held at 0.9% and the O/N Deposit rate will be held at -0.15%, in line with the unanimous consensus. Key Quotes “We have, for a long time, been critical of th ...