Company News

COMPANY NEWS

25

May
NZD supported by the jump in gold. The dismal geopolitical picture is prompting precious metal bulls to rush to gold in a flight to safe-haven assets. The US Dollar remains strong as investors expect a rate ...

25

May
Negative geopolitical climate, cancellation of the Trump-Kim summit, no progress on US-China trade talks, plans of 25% tariffs on vehicles to US, all bolster safe-haven Yen. Oil-commodity-linked CAD, negatively ...

25

May
The index climbs to fresh YTD peaks above 94.20. DXY advances further amidst declining US 10-year yields. US final Consumer Sentiment came in at 98.0 for the current month. Tracked by the US Dollar Index (DXY), the greenback remains on a firm note and ...

25

May
Gold is struggling to continue its recent advance above $1,308  troy ounce as the US stock indices futures are trying to reverse the overnight losses. Gold rose significantly throughout the week as ...

25

May
In opinion of FX Strategist at Scotiabank, the pair is expected to meet support in the 1.2880 region in the short-term horizon. Key Quotes “USDCAD is testing fresh multiweek high at levels last seen in early May”. “Trend and ...

25

May
   •  Resurgent USD demand prompts some fresh selling during the European session. •  Weaker commodities further dent sentiment around commodity-linked currencies. The AUD/USD pair faded a mid-European session bullish spike to an intraday high level of ...

25

May
Prices of the WTI lose momentum to the mid-$68.00s. Higher US supplies, news on increasing OPEC output weigh on oil. Later in the session, Baker Hughes will publish US oil rig count. Prices ...

25

May
Major US equity indices opened mostly lower on Friday amid a sell-off in energy stocks, led by the latest slump in oil prices. News that OPEC and non-OPEC were considering to increase oil output by 1 million bpd ...

25

May
Carsten Brzeski, Chief Economist at ING, suggests that even though we still have three more weeks to go before the next ECB meeting, recent developments clearly signal doing nothing and buying time in June ...

25

May
The pair remains depressed near 1.1660. The greenback picks up pace above the 94.00 handle. US Durable Goods Orders surprised to the upside in April. The sentiment around the shared currency remains subdued at the ...

25

May
According to the latest headlines flashing on the wires, via Reuters, citing four sources close to the matter, sluggish growth has not weakened the European Central Bank’s resolve ...

25

May
Stock market indices globally stay in the red following Trump’s decision to cancel the summit with Kim Jong Un, the North Korean leader.  USD/JPY is currently supported at the 109.30 ...

25

May
   •  USD bullish run uninterrupted after mixed durable goods orders. •  Investors’ now eye speeches by BoE Carney and Fed Powell.  The GBP/USD pair held on to its weaker tone, albeit managed to rebound around ...

25

May
The cross collapses to the 127.60 region amidst EUR-selling. EUR accelerates the downside on increasing USD-buying. German IFO came in on the soft side earlier in the session. The increasing ...

25

May
According to Greg Gibbs, Analyst at Amplifying Global FX, part of the market impact of the various trade policy actions by the USA may depend on the degree of political stability of the ...

25

May
The US Census Bureau announced the April advance report on manufacturers’ shipments, inventories and orders and the key highlights could be found below: •  New orders for manufactured durable goods in April decreased $4.2 billion or 1.7% to ...

25

May
Here are some of the key highlights from the Spanish Prime Minister Mariano Rajoy's televised statement made this Friday. •  No-confidence motion is only in Socialists' interest. •  Confidence motion would hurt economic recovery. •  No government member ...

25

May
Dallas Fed President Robert Kaplan, speaking to Bloomberg TV this Friday, was noted saying that his base case is for three rate hikes for 2018 and would need to see ...

25

May
   •  Resurgent USD demand helps build on this week’s rebound from 1-1/2 week lows. •  Slump in oil prices weighing on the commodity-linked Loonie and remain supportive. •  Focus shifts to the US macro data ...

25

May
Yesterday’s weak PMI prints for May question the thesis that the weather was the primary contributor to weak euro area growth in Q1, according to analysts at Nomura. Key Quotes “We are hesitant about exiting our long euro trades ...

25

May
Greg Gibbs, Analyst at Amplifying Global FX Capital, suggests that it is difficult to assess the impact of the various trade policy actions by the USA as much of the US ...

25

May
The pair met sellers in the 1.1730/35 band, daily highs. The greenback remains on a firm note, close to the 94.00 mark. US Durable Goods Orders, final U-Mich index next on ...

25

May
Analysts at Nomura expect that US durable goods orders in April likely declined 1.2% m-o-m driven by weaker orders of new transportation equipment. Key Quotes “We think new orders of autos and civilian ...

25

May
Jane Foley, Senior FX Strategist at Rabobank, points out that after the JPY, the NOK is already the second best performing G10 currency in the year to date and now that oil prices ...

25

May
According to Greg Gibbs, Analyst at Amplifying Global FX Capital, entwined in trade dealings is the cancellation of the US-N.Korea summit as some commentators suggest that pulling back from these negotiations makes it ...

25

May
   •  Reviving USD demand prompts some fresh selling on Friday. •  Bulls seemed little impressed with the UK GDP growth figures. •  US macro data/Carney & Powell’s speech eyed for fresh impetus. The GBP/USD pair maintained its ...

25

May
   •  Easing geopolitical tensions/softer Tokyo CPI print helps stage a modest rebound. •  Sudden fall in the US bond yields offset reviving USD demand and capping gains. •  Investors eye US macro data and Powell’s speech for some ...

25

May
   •  Easing geopolitical tensions/softer Tokyo CPI print helps stage a modest rebound. •  Sudden fall in the US bond yields offset reviving USD demand and capping gains. •  Investors eye US macro data and Powell’s speech for ...

25

May
The Turkish Lira loses some ground around 4.7200. The pair trades below recent all-time tops near 4.9300. The CBRT hiked the LLW by 300 bps on Wednesday. The Turkish currency is trading on the defensive at ...

25

May
Greece will rush to implement reforms and negotiate debt relief over the next few weeks, as it prepares for the Eurogroup's next meeting on 21 June, and the end of its third bailout ...

25

May
Finland's Central Bank Governor Erkki Liikanen, speaking to Bloomberg TV this Friday, said that ECB must be patient, persistent, prudent, and will take policy decisions based on latest data. Additional quotes:    •  Growth will feed ...

25

May
Analysts at Danske Bank, suggest that in the US, capital goods orders figures are due for release which will gauge the attention for today’s session. Key Quotes “Overall, business investments have been increasing since 2016 ...

25

May
Analysts at Nomura continue to see several major risks to EM from higher US yields, a global QE unwind and global trade tensions, while oil prices continue to break higher, which they think is ...

25

May
In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the stance on the cross remains offered in the very near term. Key Quotes “EUR/CHF remains offered, having recently eroded the 1.1713 2015- 2018 uptrend and ...

25

May
Bloomberg reports comments from Spain's key party, Ciudadanos, Secretary General Jose Manuel Villegas, citing that his party would be willing to back a no-confidence vote against Spanish Prime Minister (PM) ...

25

May
Saudi Arabia’s Energy Minister Al-Falih is on the wires now, via Reuters, speaking in Russia about a potential change in policy during the OPEC, non- OPEC June meeting.  Key Points: Certainly prepared to adjust policy ...

25

May
Carsten Brzeski, Chief Economist at ING, explains that after five consecutive drops, Germany’s most prominent leading indicator, the Ifo index, remained unchanged in May, after an upward revision ...

25

May
Jane Foley, Senior FX Strategist at Rabobank, explains that the USD/JPY reached its highest levels since January this week after it had a brief boost to risk appetite, but since then the JPY has reclaimed some ground. Key Quotes “In Q1 Japanese ...

25

May
Looks vulnerable amid OPEC, non-OPEC output lift talks, stronger USD adds to the weight. Technical set up also indicate further downside risks, with a test of 0.6950 imminent. WTI (oil futures ...

25

May
Easing geopolitical tensions does little to build on build on the overnight momentum. •  Reviving USD demand/positive US bond yields seemed to cap any further up-move.  Gold seesawed between tepid gains/minor losses through the early European session ...