• Political uncertainty from subpoenas on Trump campaign staff and a breakdown in German coalition talks hampered sentiment overnight
  • EUR took the brunt of the political concerns in Germany with EUR/USD retreating further below 1.1800, while EUR/GBP gave up the 0.8900 handle
  • Looking ahead, highlights include potential comments from ECB’s Lautenschlaeger, Draghi and...

  • USD dips following WSJ reports suggesting that US Special Counsel Mueller has issued a Subpoena for Russia-related documents from Trump campaign officials.
  • Asian equities pulled back from better levels amid reports that North Korea conducts aggressive work on construction of a ballistic missile submarine.
  • Looking ahead,...

  • Reports suggest that UK Brexit Secretary Davis told business leaders that there is a 50-50 Chance of a deal in December
  • The AUD benefitted from a record NAB Business Conditions print in the latest survey which saw the currency pare some of its losses vs. the USD
  • Looking ahead, highlights include German GDP, UK inflation, US PPI, APIs and a slew of central bank...

  • Asian indices were mixed, with no fresh catalyst for a decisive move
  • GBP was the underperformer in the major space as source pieces suggested as many as 40 MP’s are pressuring UK PM May to resign
  • Today’s main highlight is potential comments from ECB’s Constancio


US index futures edged higher in early dealing this week, but lacked any real conviction....

  • Asian equities are set to close out the week in the red with risk sentiment dented by US tax doubts
  • AUD slipped post the RBA’s SOMP (Statement On Monetary Policy), in which the central bank cut their inflation outlook
  • Looking ahead, highlights include UK production numbers, Uni. Of Michigan


Asian equities are set to close out the week in the red with...
9th November 2017

  • Risk on sentiment had been in full swing in Asia as stocks continued to edge higher at the beginning of the session, before later paring initial advances
  • NZD at better levels after the RBNZ monetary policy decision, where the central bank kept the OCR at 1.75% as expected
  • Looking ahead, highlights include US weekly jobs, ECB’s Coeure, Mersch, Lautenschlaeger...

RBNZ OCR Review and Monetary Policy Statement due on Wednesday 8th November 2017 at 2000 GMT, 1400 CT

  • The RBNZ is likely to leave its Official Cash Rate unchanged at 1.75%
  • Uncertainty is rife following the recent General Election, which saw a new coalition come in to power
  • As a result, few expect anything too concrete from the central bank this time...

  • Asian equities traded mixed with profit taking initially dragging down major bourses, while the rally in commodities ran out of steam
  • USD/JPY marginally lower amid the slight slip in US yields. Antipodean currencies performed a tad better against the greenback
  • Looking ahead, highlights include DoEs, BoE’s McCafferty and Carney


Asian equities traded...

  • Asian bourses traded higher across the board amid a positive Wall St close with energy names leading the charge
  • RBA stood pat on rates as expected. RBNZ act looks to maximise employment as a goal
  • Looking ahead, highlights include US APIs, ECB’s Draghi, Lautenschlaeger and Fed’s Yellen


Asian bourses higher across the board, having drawn encouragement...

  • Asian bourses begin the week on the backfoot, while oil prices rise on Saudi Royal Purge
  • USD/JPY rises to highest level since March as Trump criticises Japan’s trade practises with the US, alongside BoJ jawboning
  • Looking ahead, highlights include Eurozone PMI, comments from ECB’s Praet and Mersch as well as Fed’s Dudley


Asian bourses began the week on the...

  • Asian equities saw little in the way of firm direction overnight amid light newsflow and Japan away from market
  • AUD was the main mover in FX markets during Asia-Pac hours with AUD/USD slipping below 0.77 following soft retail sales
  • Looking ahead, highlights include US NFP, ISM Non-Manufacturing, ECB’s Coeure and Fed’s Kashkari


Very quiet session in...

  • FOMC held rates between 1.00%-1.25%, as expected. FOMC stated that activity is rising at a "solid rate" despite hurricanes
  • USD weakened across the board after reports that Trump intends to pick Powell as the next Fed Chair
  • Looking ahead, highlights include Eurozone Mfg. PMIs, UK Construction PMI, BoE Rate Decision and QIR, Fed’s Powell, Dudley and...
1200GMT/0700CDT, Press Conference at 1230GMT/0730CDT

  • Current BoE Base Rate: 0.25%, Asset Purchase Facility: GBP 435bln.
  • The MPC is expected to raise its base rate by 25bps to 0.5% with markets believing that recent data is enough to support calls for lift-off.
  • This meeting sees the release of the decision itself, the vote split and the minutes, alongside the central bank’s Quarterly...

  • Asian equity markets began November mostly on the front-foot led by the Nikkei 225 (+1.95%) as exporters benefited from a weaker JPY
  • NZD outperformed after better than expected Employment Change and decline in the Unemployment Rate
  • Looking ahead, highlights include UK Manufacturing PMI, ADP employment change, ISM manufacturing, DoEs and FOMC rate decision
  • ...

FOMC Monetary Policy Decision Preview Due On 1st November 2017 At 18:00 GMT, 1400 EDT, 1300 CDT

  • Fed Chair announcement set to overshadow FOMC meeting.
  • All of those surveyed expected the FOMC to leave its monetary policy settings unchanged this time out.
  • Markets are almost fully pricing in a 25bps hike in...

  • BoJ maintained QQE with Yield Curve Control and kept NIRP unchanged at -0.1% as expected
  • A cautious tone persisted in Asia as the region digested softer than expected Chinese PMI data and a dampened lead from the US
  • Looking ahead, highlights include Eurozone GDP, APIs. German equities closed for Reformation Day


A cautious tone persisted in Asia as the...

  • Asian equity markets were slightly mixed amid a deluge of earnings and with the region tentative at the start of a risk-packed week
  • The greenback pared some of the gains from Friday’s strong US GDP numbers which marginally benefitted its counterparts
  • Looking ahead, highlights include regional German CPIs, US PCE and personal consumption


Asian equity...

  • FED: Fed chair announcement to overshadow FOMC meeting
  • ECB: Draghi pulls-off magic act
  • BOE: MPC to hike for the first time in a decade
  • BOJ: Policy meeting likely to be a snooze fest
  • BOC: Cautious BOC enters data-dependent mode
  • RBA: Cyclical upswing still missing
  • RBNZ: Labour market...

  • Asia-Pac equities traded mostly higher following strong tech earnings in the US. ASX lagged after political difficulties in Australia
  • ECB sources suggest that the extension of the PSPP will be subject to a swift taper at the end of next year
  • Looking ahead, highlights include US GDP, PCE, and ECB’s Praet


A deluge of corporate results dominated focus in...

  • Asian equities traded with little in the way of firm direction as markets await today’s crucial ECB announcement
  • In FX, USD remained weaker to the benefit of its major counterparts with FX markets otherwise contained
  • Looking ahead, highlights include the ECB, Norges Bank and Riksbank rate decisions, US Trade, Weekly Jobs


Asia stocks...

  • AUD/USD slid following softer than expected Australian Q3 CPI in which all components of the release missed estimates
  • Asian equities were mostly higher in what was once again a relatively quiet session overnight ahead of key risk events today
  • Looking ahead, highlights include German IFO, UK GDP, US Durables, New Home Sales, BoC, DoEs, German 10yr and US 5yr...

Due On Wednesday 25th October 2017 At 15:00 BST, 10:00 EDT, 09:00 CDT

The majority expects the BoC to stand pat when it issues its monetary policy decision on Wednesday, with only two of the 31 surveyed looking for a 25bps hike, following back-to-back 25bps hikes, which have left the BoC’s policy rate sitting at 1.00%.

There are several key points supporting the argument that rates will be kept on hold: -

  • The 50bps...

Asia equity markets traded with modest gains in what was a quiet and rangebound trading session amid a lack of drivers. Nonetheless, the regional bourses have sspanugged off the weak performance by their US counterparts which pulled back from record levels, with ASX 200 (Unch.) indecisive and Nikkei 225 (+0.2%) mildly positive after the index recovered from early weakness triggered by a firmer JPY to print fresh 21-year...

  • Nikkei 225 outperforms after PM Abe wins a supermajority at Sunday’s election.
  • Spanish PM Rajoy invokes article 155 to dissolve Catalan government.
  • Looking ahead, highlights include UK CBI Trends and US National Activity Index.


The major Asia-Pac indices were somewhat mixed after the momentum from last Friday’s fresh record levels in the S&P 500, DJIA and...
Asia equity markets begin the week on the front-foot as the region reacts to the US-China "Phase 1" trade deal, wit… https://t.co/lJVaKJy53Z