FX & Markets Weekly. Week 47/2017. Mag. Ahmet Hüsrev BILGIN Senior Economist Vienna, Austria
|
|
- Bernice Jennings
- 6 years ago
- Views:
Transcription
1 FX & Markets Weekly Week 47/2017 Mag. Ahmet Hüsrev BILGIN Senior Economist Vienna, Austria
2 EUR/USD rises to an 8-week high The key economic releases this week were the minutes from the latest FOMC meeting, and the flash PMIs for the euro area, along with various business and consumer confidence surveys, as well as the 2nd release of German 3Q17 GDP growth. The dollar lost ground against all of its G10 peers, in thin Thanksgiving trade as the minutes showed doubts about the pace of monetary tightening next year. Earlier in the week, the euro had suffered on the German Jamaica coalition talks collaps. But the euro strenghened on strong PMI numbers as well as the strong German GDP figure. Also, business climate indices rose to fresh record highs in both current assesment and future expectations components. By the time of writing, EUR/USD was knocking on 1,19. Lira dives to fresh record lows despite measures The central bank added to its measures to stem the lira s decline. TCMB introduced non-deliverable forwards, TRY settled forward FX sales with maturities of 1, 3, and 6 months. Moreover, TCMB cancelled the O/N repo facility at 9,25% in interbank money market, and left the late liquidity window at 12,25% as the only option. Furthermore, politics continue to be on the Turkish agenda as December 4 is the Zarrab (Iranian gold trader that allegedly by-passed sanctions) case scheduled. On that same day also inflation data is going to be released. Both are going to drive the lira until December 11, when the 3Q17 GDP growth number will be released. 1Q17 came in at 5,24%; 2Q17 at 5,05%; and 3Q17 is expected to be even higher, much higher. Deputy PM Simsek (former Finance Minister) expects it to be even in double digits. That looks plausible considering the base effect (weak 3Q16 GDP after the coup attempt of -0,81%). WTI extends gain to highest since mid-2015 WTI crude futures for January delivery rose by 5,85% this week to USD 58,72 a barrel, extending monthly gains to 11,24% and 3-month performance to 21,78%. Brent also climbed by 1,45% w/w to reach USD 63,67 per barrel. Rumours about OPEC output cut extension were the drivers.
3 Exchange Commodities Rates Energy Futures EUR/USD 1,1910 0,97 1,19 0,85 WTI crude 58,73 6,23 11,64 22,22 EUR/TRY 4,6926 2,65 6,44 13,96 BRENT crude 63,64 1,61 9,56 23,53 EUR/CHF 1,1665 0,05 0,21 2,46 GAS oil 566,75 0,84 8,98 19,35 EUR/GBP 0, ,02-0,41-3,30 Heating oil 194,99 2,49 6,96 19,67 EUR/JPY 132,71 0,33-1,02 2,76 Natural gas 2,90-4,95-7,43-9,11 EUR/RUB 69,5815-0,06 2,57-0,56 Gold Spot 1.288,83-0,28 0,97 0,12 EUR/CNY 7,8604 0,62 0,67-0,06 Silver Spot 17,08-1,37 0,79 0,68 USD/TRY 3,9389 1,63 5,18 13,08 Platinum Spot 936,98-1,59 1,31-4,40 USD/JPY 111,43-0,63-2,18 1,89 Palladium Spot 1.002,66 0,67 3,69 7,39 USD/RUB 58,4252-1,01 1,37-1,39 Copper 317,80 3,57-1,13 3,45 USD/CNY 6,6007-0,37-0,50-0,89 Stock Price as of Change% Change % Change % Sovereign Price as of Change % Change % Ask Indices Bonds 10Y 11/24/ days 1 Month YTM ATX ,62-1,50 4,06 Austria 102,91-0,04 1,20 0,41 BIST ,24-2,13-3,88 Belgium 104,86-0,18 0,96 0,42 CAC ,54 0,12 5,63 China 96,72-0,60-1,32 3,95 DAX ,61 0,46 7,33 EFSF 115,97-0,09-0,06-0,30 Dow Jones (T-2) ,10 1,08 7,86 ESM 112,96-0,07 0,25-0,06 Euro Stoxx ,13-0,64 4,14 France 98,18 0,05 1,70 0,45 FTSE ,37-1,58 0,01 Germany 98,25-0,02 1,02 0,20 HANG SENG ,29 6,08 8,53 Greece 91,08-0,70 1,52 5,07 IBEX ,56-1,36-2,80 Japan 100,96 0,02 0,37-0,02 MICEX ,28 4,72 9,41 Portugal 108,90 0,20 2,68 1,74 NASDAQ 100 (T-2) ,04 5,25 9,13 Spain 100,25 0,49 1,37 1,26 NIKKEI ,89 3,94 16,03 Russia 104,50 0,24-0,27 7,59 S&P 500 (T-2) ,27 1,25 6,26 Switzerland 113,01 0,10 1,05-0,29 Interest Rate Price as of Change% Change % Change % Turkey 89,50-1,43-5,82 12,41 Futures UK 102,77 0,29 0,76 1,16 Bobl 131,64-0,09 0,34 0,18 US 97,33 0,10-0,24 2,35 Bund 162,91 0,04 1,13 0,64 Turkey Risk related Sentiment TRY Basket 4,3157 2,20 5,85 13,56 Baltic Dry Index (T-1) ,17-9,01 20,42 WAC of CBRT (T-1) 12,25 2,51 2,34 2,25 VIX 9,77-15,82-10,57-19,18 Gold TRY / gram 163,21 1,35 6,20 13,21 Turkey 5Y CDS (T -1) 208,747 0,67 16,07 19,89 TR Gov. B. 2Y yield 14,15 3,06 13,47 21,25 MSCI EM Index (T-1) 1.152,40 1,40 3,51 6,46 Euribor/Eonia USD Libor Eonia (T-1) -0,359-0,28 0,83-0,28 USD Libor O/N 1,184 0,08-0,06 0,51 Euribor 1 Month -0,372 0,27 0,00-0,27 USD Libor 1M 1,338 3,91 7,91 8,40 Euribor 3 Month -0,329 0,00 0,30 0,00 USD Libor 3M 1,468 1,87 7,08 11,42 Euribor 6 Month -0,272 0,73 0,73 0,00 USD Libor 6M 1,654 1,34 5,72 13,76 Euribor 12 Month -0,186 3,13-1,64-16,98 USD Libor 12M 1,936 1,57 5,53 12,34 EUR Libor TRY Libor EUR Libor O/N -0,439-0,03 0,03-2,33 TRY Libor O/N 12,870 0,00-0,20-0,05 EUR Libor 1M -0,402 0,18 0,71-0,54 TRY Libor 1M 13,740 2,82 4,74 5,76 EUR Libor 3M -0,381-0,64-0,41-2,26 TRY Libor 3M 14,284 3,88 8,17 8,97 EUR Libor 6M -0,316-0,91 0,22-2,89 TRY Libor 6M 14,432 2,21 9,02 9,75 EUR Libor 12M -0,247-3,23-9,30-20,59 TRY Libor 12M 14,759 1,90 10,70 11,15
4 Date Time Country Economic Release Period Consensus Actual Prior 11/20/ :00 US Leading Index Oct 0.8% 1.2% -0.2% 11/21/ :30 US Chicago Fed Nat Activity Index Oct /21/ :00 US Existing Home Sales Oct 5.40m 5.48m 5.39m 11/21/ :00 US Existing Home Sales MoM Oct 0.2% 2.0% 0.7% 11/22/ :00 US MBA Mortgage Applications Nov % 3.1% 11/22/ :30 US Initial Jobless Claims Nov k 239k 249k 11/22/ :30 US Continuing Claims Nov k 1904k 1860k 11/22/ :30 US Durable Goods Orders Oct P 0.3% -1.2% 2.0% 11/22/ :30 US Durables Ex Transportation Oct P 0.5% 0.4% 0.7% 11/22/ :30 US Cap Goods Orders Nondef Ex Air Oct P 0.5% -0.5% 1.7% 11/22/ :30 US Cap Goods Ship Nondef Ex Air Oct P 0.3% 0.4% 0.9% 11/22/ :45 US Bloomberg Consumer Comfort Nov /22/ :00 US U. of Mich. Sentiment Nov F /22/ :00 US U. of Mich. Current Conditions Nov F /22/ :00 US U. of Mich. Expectations Nov F /22/ :00 US U. of Mich. 1 Yr Inflation Nov F % 2.6% 11/22/ :00 US U. of Mich Yr Inflation Nov F % 2.5% 11/22/ :00 EA Consumer Confidence Nov A /23/ :00 EA Markit Eurozone Manufacturing PMI Nov P /23/ :00 EA Markit Eurozone Services PMI Nov P /23/ :00 EA Markit Eurozone Composite PMI Nov P /22/ :00 TR Consumer Confidence Index Nov /23/ :00 TR Home Sales Oct k 140.3k 11/23/ :00 TR Home Sales (YoY) Oct % 28.8% 11/23/ :30 TR Foreigners Net Bond Invest Nov $79m -$533m 11/23/ :30 TR Foreigners Net Stock Invest Nov $99m -$514m 11/24/ :30 TR Real Sector Confidence SA Nov /24/ :30 TR Real Sector Confidence NSA Nov /24/ :30 TR Capacity Utilization Nov % 79.7% 11/20/ :00 RU Unemployment Rate Oct 5.1% 5.1% 5.0% 11/20/ :00 RU Real Disposable Income Oct 0.0% -1.3% -0.3% 11/20/ :00 RU Real Wages YoY Oct 2.9% 4.3% 2.6% 11/20/ :00 RU Retail Sales Real MoM Oct 1.3% 0.2% -0.7% 11/20/ :00 RU Retail Sales Real YoY Oct 3.9% 3.0% 3.1% 11/20/ :00 RU PPI MoM Oct 0.9% 1.2% 2.4% 11/20/ :00 RU PPI YoY Oct 7.0% 7.6% 6.8% 11/22/ :00 RU CPI WoW Nov % 0.1% 11/22/ :00 RU CPI Weekly YTD Nov % 2.0% 11/23/ :00 RU Gold and Forex Reserve Nov b 426.4b 11/24/ :00 RU Money Supply Narrow Def Nov t 9.32t
5 Should you have any queries, please contact me as follows: Mag. Ahmet Hüsrev BILGIN, Economic Research Tel: / Disclaimer: This publication was prepared by DenizBank AG exclusively for marketing purposes pursuant to section 36 (2) WAG The information contained in this report is based on the knowledge of the various authors at the time the various texts were finalised for publication. DenizBank AG reserves the right to amendments or additions in this regard at any time without prior notice. The contents of this newsletter are protected by intellectual property rights especially copyright. The use of texts, parts of texts or image material or the re-production of information or data requires the prior written consent of DenizBank AG. We have carefully checked the information in this report and have prepared it to our best knowledge and judgement. However, DenizBank AG does not assume any liability whatsoever for the accuracy, completeness or up-to-datedness of the information contained in this report and/or for the realisation of the forecasts made therein. This applies likewise for all other websites accessed via links contained within this report. The main source was the following: Bloomberg Finance LP. Every investment decision must be made in accordance with the personal circumstances of the investor. This report is intended for customers who are able to make their investment decisions independently and who do not solely rely on information provided by DenizBank AG. This report is non-binding and does not constitute an offer to purchase the products named nor is it an investment recommendation or financial analysis pursuant to section 36 (1) WAG Website credits and disclosures made in accordance with Sections 24 and 25 Media Act: Media content owner: DenizBank AG (FN t, Commercial Court of Vienna), Thomas-Klestil-Platz 1, 1030 Vienna; Registered address of the company: Vienna; DPR number: Object of the company: Banking; Members of the Management Board: Ahmet Mesut Ersoy, Mehmet Ulvi Taner, Dr. Thomas Roznovsky, Tuncay Akdevelioglu, Cenk Izgi; Members of the Supervisory Board: Hakan Ates, Derya Kumru, Wouter van Roste, Timur Kozintsev, Ruslan Abil, Alexander Vedyakhin, Dr. Kurt Heindl; Shareholder structure: Member of the Sberbank Group Purpose of document: This report summarises the significant developments within the financial markets over the previous week and comments on their underlying background.
FX & Markets Weekly. Week 29/2016. DenizBank AG Economic Research Vienna, Austria
FX & Markets Weekly Week 29/2016 DenizBank AG Economic Research Vienna, Austria Markets price in political risks in Turkey Sovereign bonds sold off, with yields rising over 100bps in 5 days of almost all
More informationFX & Markets Weekly. Week 42/2017. Mag. Ahmet Hüsrev BILGIN Senior Economist Vienna, Austria
FX & Markets Weekly Week 42/2017 Mag. Ahmet Hüsrev BILGIN Senior Economist Vienna, Austria USD appreciates on strong Empire State Survey The U.S. Empire State Manufacturing Survey of General Business conditions
More informationFX & Markets Weekly. Week 13/2018. Mag. Ahmet Hüsrev BILGIN Senior Economist Vienna, Austria
FX & Markets Weekly Week 13/2018 Mag. Ahmet Hüsrev BILGIN Senior Economist Vienna, Austria Lira erases losses as Turkey GDP beats estimates The lira reversed earlier losses that followed the Moody s downgrade,
More informationFX & Markets Weekly. Week 40/2017. Mag. Ahmet Hüsrev BILGIN Senior Economist Vienna, Austria
FX & Markets Weekly Week 40/2017 Mag. Ahmet Hüsrev BILGIN Senior Economist Vienna, Austria Wall Street positions for U.S. tax cuts This week, the S&P500 marked an 8th consecutive closing high for the first
More informationFX & Markets Weekly. Week 26/2018. Mag. Ahmet Hüsrev BILGIN Chief Economist Vienna, Austria
FX & Markets Weekly Week 26/2018 Mag. Ahmet Hüsrev BILGIN Chief Economist Vienna, Austria Crude oil rises despite OPEC+ output expansion OPEC and its allies agreed on an output increase of 1 million barrels
More informationFX & Markets Weekly. Week 52/2017. Mag. Ahmet Hüsrev BILGIN Senior Economist Vienna, Austria
FX & Markets Weekly Week 52/2017 Mag. Ahmet Hüsrev BILGIN Senior Economist Vienna, Austria ATX is up 30,62% year-to-date Led by RBI (+73,68%), OMV (62,55%), and RHI (+52,05%), the ATX rose by 30,62% year-to-date
More informationFX & Markets Weekly. Week 39/2018. Mag. Ahmet Hüsrev BILGIN Chief Economist Vienna, Austria
FX & Markets Weekly Week 39/2018 Mag. Ahmet Hüsrev BILGIN Chief Economist Vienna, Austria Fed hikes rates by ¼ point The Federal Open Markets Committee (FOMC) raised the Federal Funds Target Range, as
More informationFX & Markets Weekly. Week 11/2018. Mag. Ahmet Hüsrev BILGIN Senior Economist Vienna, Austria
FX & Markets Weekly Week 11/2018 Mag. Ahmet Hüsrev BILGIN Senior Economist Vienna, Austria 3M USD Libor rises to highest since Nov. 2008 As financial markets are pricing in the FOMC s rate hike on Wednesday
More informationFX & Markets Weekly. Week 2/2017. Mag. Ahmet Hüsrev BILGIN Economic Research Vienna, Austria
FX & Markets Weekly Week 2/2017 Mag. Ahmet Hüsrev BILGIN Economic Research Vienna, Austria TCMB stems lira s depreciation Ever since the Central Bank of Turkey (TCMB) didn t follow market s expectations
More informationFX & Markets Weekly. Week 44/2018. Mag. Ahmet Hüsrev BILGIN Chief Economist Vienna, Austria
FX & Markets Weekly Week 44/2018 Mag. Ahmet Hüsrev BILGIN Chief Economist Vienna, Austria USD/TRY closes below 5,50 The 5,50 level held for long as it was important from two perspectives. It is a psychological
More informationFX & Markets Weekly. Week 35/2015. DenizBank AG Economic Research and Development Vienna, Austria
FX & Markets Weekly Week 35/2015 DenizBank AG Economic Research and Development Vienna, Austria Rollercoaster week for EUR/USD The rate opened the week at 1,1370 peaked that same day at 1,1740 to fall
More informationFX & Markets Weekly. Week 19/2016. DenizBank AG Economic Research Vienna, Austria
FX & Markets Weekly Week 19/2016 DenizBank AG Economic Research Vienna, Austria European Equities see outflows for 14 th week European equities saw USD 3,9bn in net outflows in week to May 11, EPFR data
More informationFX & Markets Weekly. Week 25/2017. Mag. Ahmet Hüsrev BILGIN Senior Economist Vienna, Austria
FX & Markets Weekly Week 25/2017 Mag. Ahmet Hüsrev BILGIN Senior Economist Vienna, Austria RUB drops along with crude oil This week Russian Ruble depreciated against all currencies that Bloomberg is displaying
More informationFX & Markets Weekly. Week 10/2018. Mag. Ahmet Hüsrev BILGIN Senior Economist Vienna, Austria
FX & Markets Weekly Week 10/2018 Mag. Ahmet Hüsrev BILGIN Senior Economist Vienna, Austria EUR/TRY renews record-high Monday s Turkey February inflation release surprised on the upside. Consumer prices
More informationFX & Markets Weekly. Week 6/2017. Mag. Ahmet Hüsrev BILGIN Senior Economist Vienna, Austria
FX & Markets Weekly Week 6/2017 Mag. Ahmet Hüsrev BILGIN Senior Economist Vienna, Austria Gold resumes upward trend, targets USD 1264/oz Gold prices rose for a 2 nd week extending year-to-date performance
More informationFX & Markets Weekly. Week 11/2017. Mag. Ahmet Hüsrev BILGIN Senior Economist Vienna, Austria
FX & Markets Weekly Week 11/2017 Mag. Ahmet Hüsrev BILGIN Senior Economist Vienna, Austria Fed hikes rates by ¼ point As expected Fed hiked its Federal Funds Target Range by 25bps to 0,75%-1,00%. Additionally
More informationFX & Markets Weekly. Week 51/2018. Mag. Ahmet Hüsrev BILGIN Chief Economist Vienna, Austria
FX & Markets Weekly Week 51/2018 Mag. Ahmet Hüsrev BILGIN Chief Economist Vienna, Austria Fed hikes rates by ¼ point As widely anticipated, the U.S. Federal Open Markets Committee raised its Federal Funds
More informationFX & Markets Weekly. Week 52/2018. Mag. Ahmet Hüsrev BILGIN Chief Economist Vienna, Austria
FX & Markets Weekly Week 52/2018 Mag. Ahmet Hüsrev BILGIN Chief Economist Vienna, Austria Japan s 10-year yield turns negative Japan s 10-year sovereign bond yield fell below zero for the first time since
More informationFX & Markets Weekly. Week 28/2015. DenizBank AG Economic Research and Development Vienna, Austria
FX & Markets Weekly Week 28/2015 DenizBank AG Economic Research and Development Vienna, Austria Greece requests 3rd bailout Greece handed proposals to the Troika that almost matched the requests by international
More informationFX & Markets Weekly. Week 26/2017. Mag. Ahmet Hüsrev BILGIN Senior Economist Vienna, Austria
FX & Markets Weekly Week 26/2017 Mag. Ahmet Hüsrev BILGIN Senior Economist Vienna, Austria EUR/USD rose to 13-month high The rate climbed above 1,14 on Thursday and has seen 1,1445 on Friday intraday.
More informationFX & Markets Weekly. Week 9/2016. DenizBank AG Economic Research Vienna, Austria
FX & Markets Weekly Week 9/2016 DenizBank AG Economic Research Vienna, Austria EUR/USD goes up and down on mixed U.S. data The U.S. trade deficit widened more than forecast as exports slumped to their
More informationFX & Markets Weekly. Week 17/2017. Mag. Ahmet Hüsrev BILGIN Senior Economist Vienna, Austria
FX & Markets Weekly Week 17/2017 Mag. Ahmet Hüsrev BILGIN Senior Economist Vienna, Austria French 1 st round vote outcome fuels risk appetite French voters sent centrist Emmanuel Macron and far-right Marine
More informationFX & Markets Weekly. Week 37/2016. DenizBank AG Economic Research Vienna, Austria
FX & Markets Weekly Week 37/2016 DenizBank AG Economic Research Vienna, Austria UST yield curve steepens Incoming economic data continuously disappoints on the downside (inflation, labor market) Moreover
More informationFX & Markets Weekly. Week 22/2015. DenizBank AG Economic Research and Development Vienna, Austria
FX & Markets Weekly Week 22/2015 DenizBank AG Economic Research and Development Vienna, Austria Commodities drop across the board on USD strength Following last week s declines, this week was similar for
More informationFX & Markets Weekly. Week 6/2016. DenizBank AG Economic Research Vienna, Austria
FX & Markets Weekly Week 6/2016 DenizBank AG Economic Research Vienna, Austria Riksbank cuts rates further down the path Effective February 17, Sweden s central bank took rates further into negative territory
More informationFX & Markets Weekly. Week 39/2015. DenizBank AG Economic Research and Development Vienna, Austria
FX & Markets Weekly Week 39/2015 DenizBank AG Economic Research and Development Vienna, Austria French OATs resist Moody s downgrade Last Friday Moody s downgraded France s sovereign rating by 1 notch
More informationFX & Markets Weekly. Week 25/2018. Mag. Ahmet Hüsrev BILGIN Chief Economist Vienna, Austria
FX & Markets Weekly Week 25/2018 Mag. Ahmet Hüsrev BILGIN Chief Economist Vienna, Austria Lira traders brace for a volatile week after elections One-week implied volatility trades near highest in a decade.
More informationFX & Markets Weekly. Week 4/2019. Mag. Ahmet Hüsrev BILGIN Chief Economist Vienna, Austria
FX & Markets Weekly Week 4/2019 Mag. Ahmet Hüsrev BILGIN Chief Economist Vienna, Austria Lira extends gains along with Turkey assets Past week s hawkish stance of the central bank despite slowing inflation
More informationFX & Markets Weekly. Week 46/2018. Mag. Ahmet Hüsrev BILGIN Chief Economist Vienna, Austria
FX & Markets Weekly Week 46/2018 Mag. Ahmet Hüsrev BILGIN Chief Economist Vienna, Austria Italy sovereign bond yields jump This week, Italy s government rejected European Commission demands and stuck to
More informationFX & Markets Weekly. Week 3/2019. Mag. Ahmet Hüsrev BILGIN Chief Economist Vienna, Austria
FX & Markets Weekly Week 3/2019 Mag. Ahmet Hüsrev BILGIN Chief Economist Vienna, Austria Lira gains after central bank holds rate This week, Central Bank of Turkey kept it s 1-week repo rate unchanged
More informationFX & Markets Weekly. Week 48/2016. Mag. Ahmet Hüsrev BILGIN Economic Research Vienna, Austria
FX & Markets Weekly Week 48/2016 Mag. Ahmet Hüsrev BILGIN Economic Research Vienna, Austria ATX index unimpressed by repeat election The local stock market index ATX continued to rise in a week that could
More informationMorning Update. Market Highlights 10/11/2017. Daily Sentiment ** Investment Strategy Unit
Market Highlights Stocks Consolidate US equities finished the day lower, as market participants are concern over possible tax delays. The Dow Jones Index lost,4% to.46, the S&P 5 declined,8% to close at.584
More informationWEEKLY CHANGES AGAINST THE USD
December 04, 2017 [ W E E K LY E C O N O M I C C O M M E N TA R Y ] WEEKLY ANALYSIS FOR THE MOST CRITICAL ECONOMIC AND FINANCIAL DEVELOPMENTS MACRO & MARKETS COMMENTARY» The U.S senate passed the long-awaited
More information[ ] WEEKLY CHANGES AGAINST THE USD
February 12, 2018 [ ] MACRO & MARKETS COMMENTARY» In the early hours of last Friday, U.S Congress approved a major budget deal that opens the door for more increase in defense and non-defense spending
More informationWEEKLY CHANGES AGAINST THE USD MACRO & MARKETS COMMENTARY
July 10, 2017 [ W E E K LY E C O N O M I C C O M M E N TA R Y ] WEEKLY ANALYSIS FOR THE MOST CRITICAL ECONOMIC AND FINANCIAL DEVELOPMENTS MACRO & MARKETS COMMENTARY» The minutes of FOMC meeting in June
More information[ ] WEEKLY CHANGES AGAINST THE USD
January 15, 2018 [ ] MACRO & MARKETS COMMENTARY» The European central bank (ECB) has indicated it should revisit its communication stance in early 2018, according to the ECB s minutes of December meeting
More informationWEEKLY CHANGES AGAINST THE USD
October 09, 2017 [ W E E K LY E C O N O M I C C O M M E N TA R Y ] WEEKLY ANALYSIS FOR THE MOST CRITICAL ECONOMIC AND FINANCIAL DEVELOPMENTS MACRO & MARKETS COMMENTARY» The storm impacted job report showed
More informationWEEKLY CHANGES AGAINST THE USD MACRO & MARKETS COMMENTARY
July 31, 2017 [ W E E K LY E C O N O M I C C O M M E N TA R Y ] WEEKLY ANALYSIS FOR THE MOST CRITICAL ECONOMIC AND FINANCIAL DEVELOPMENTS MACRO & MARKETS COMMENTARY» Federal Open Market Committee (FOMC)
More informationGlobal Markets Update QNB Economics 30 October 2016
Global Markets Update QNB Economics 30 October 2016 Executive Summary Key Takeaways Global bond yields jumped on stronger than expected global activity data No major movements in global currencies Japanese
More information[ ] WEEKLY CHANGES AGAINST THE USD
February 26, 2018 [ ] MACRO & MARKETS COMMENTARY» Federal Reserve officials see the economic growth and the acceleration of inflation as a good signal to continue to raise interest rate gradually over
More informationWeekly Bulletin November 20, 2017
US data bolster the case for a rate hike. WEEKLY OUTLOOK In the USA, inflation and retail sales in October recorded an upbeat tone. Annual consumer inflation picked up by 2%, while core annual inflation
More information[ ] WEEKLY CHANGES AGAINST THE USD
January 22, 2018 [ ] MACRO & MARKETS COMMENTARY» The U.S economy and inflation expanded at a Modest to Moderate pace during December 2017, while wages continued to push higher according to the Federal
More information[ ] WEEKLY CHANGES AGAINST THE USD
February 19, 2018 [ ] MACRO & MARKETS COMMENTARY» Last week, Global stock markets witnessed one of their best weeks in almost six years after two consecutive weeks in the red. The last week rally was mainly
More informationGlobal Markets Update QNB Economics 12 November 2017
Global Markets Update QNB Economics 12 November 2017 Executive Summary Key Takeaways Advanced economy 10-year yields rose on expectations of reduced quantitative easing; Saudi Arabia s corruption probe
More informationWEEKLY CHANGES AGAINST THE USD MACRO & MARKETS COMMENTARY
July 03, 2017 [ W E E K LY E C O N O M I C C O M M E N TA R Y ] WEEKLY ANALYSIS FOR THE MOST CRITICAL ECONOMIC AND FINANCIAL DEVELOPMENTS MACRO & MARKETS COMMENTARY» Central banker s comments dominated
More information[ ] WEEKLY CHANGES AGAINST THE USD. » The Bank of England raised its benchmark interest rate to its highest level in MACRO & MARKET COMMENTARY
August 06, 2018 [ ] MACRO & MARKET COMMENTARY» The Bank of England raised its benchmark interest rate to its highest level in almost a decade. Raising the interest rate is suggesting that inflation continues
More informationDaily FX & Market Commentary
Table: Daily Market Movement (Oct 26, 2017) Data Source: Bloomberg L.P. October 27, 2017 Published from Tuesday to Friday Equity Market Indices Close Change % Bond Yields Close Change % U.S. U.S. Treasuries
More informationGlobal Markets Update QNB Economics 15 October 2017
Global Markets Update QNB Economics 15 October 2017 Executive Summary Key Takeaways US yields fell after inflation came in lower-than-expected; Turkish rates rose after a diplomatic dispute with the US
More informationMorning Update. Market Highlights 18/06/2018. Investment Strategy & Advisory Management
Market Highlights Stocks slip on trade war fears US equities declined on Friday weighed by escalating concerns over trade tariffs between the US and its major trading partners and falling energy prices.
More informationWeekly Bulletin November 27, 2017
WEEKLY OUTLOOK US data released last week created disappointment in general. US data released last week came in below expectations in general. While the University of Michigan's customer sentiment index
More informationWEEKLY CHANGES AGAINST THE USD MACRO & MARKETS COMMENTARY
July 17, 2017 [ W E E K LY E C O N O M I C C O M M E N TA R Y ] WEEKLY ANALYSIS FOR THE MOST CRITICAL ECONOMIC AND FINANCIAL DEVELOPMENTS MACRO & MARKETS COMMENTARY» The Federal Reserve (FED) might be
More informationGlobal Markets Update QNB Economics 19 February 2017
Global Markets Update QNB Economics 19 February 2017 Executive Summary Key Takeaways Yields in advanced economies were stable while local factors dominated emerging market performance The Egyptian pound
More informationGlobal Markets Update QNB Economics 29 October 2017
Global Markets Update QNB Economics 29 October 2017 Executive Summary Key Takeaways US yields rose due to strong Q3 GDP and durable goods data The Euro slid after the ECB announced that it would reduce
More informationMONTHLY MARKET MONITOR (M 3 ) December 2014
MONTHLY MARKET MONITOR (M 3 ) December 2014 January 5, 2014 THE LATEST MONTHLY MARKET RETURNS FROM THE RICHARDSON GMP TEAM GLOBAL MARKETS AT A GLANCE Americas Level 1mo 3mo 6mo 12mo YTD BRIC Level 1mo
More informationThe Weekly Market View June
Bond rout not over, equities relatively resilient The normalization of European bond yields is not over. Last week s rise in European bond yields again spilled over to US Treasuries and also determined
More informationMarkets Overview Pulse Economic scenario
TOTAL OUTPUT NEW ORDERS EMPLOYMENT DELIVERY TIMES STOCKS OF PURCHASES INPUT PRICES QUANTITY OF PURCHASES FINISHED GOODS NEW EXPORT ORDERS OUTPUT PRICES WORK BACKLOGS The Markit PMI for the manufacturing
More informationGlobal Markets Update QNB Economics 01 October 2017
Global Markets Update QNB Economics 01 October 2017 Executive Summary Key Takeaways US yields continued to rise on prospects of a third rate hike this year as well renewed optimism around potential tax
More informationGlobal Markets Update QNB Economics 28 August 2016
Global Markets Update QNB Economics 28 August 2016 Executive Summary Key Takeaways Yields rose in Brazil and South Africa on political concerns; Indonesian rates jumped on worries about the cost of cleaning
More information[ ] WEEKLY CHANGES AGAINST THE USD MACRO & MARKET COMMENTARY. » Emerging Market had another unstable week as plunging currencies promoted
June 11, 2018 [ ] MACRO & MARKET COMMENTARY» Emerging Market had another unstable week as plunging currencies promoted central bank to act accordingly. The Central Bank of Turky and The Reserve Bank of
More informationFX Weekly Market Letter
FX Weekly Market Letter FI/FX Research - Tuesday, August 21, 2012 s Last 1 mth 3 mths 6 mths 12 m ths Currencies EUR/USD 1,2412 1,25 1,20 1,15 1,20 EUR/GBP 0,7871 0,80 0,79 0,77 0,76 EUR/CHF 1,2010 1,20
More informationGlobal Markets Update QNB Economics 19 June 2016
Global Markets Update QNB Economics 19 June 16 Executive Summary Key Takeaways Most advanced economy sovereign bond yields fell on heightened risk aversion due to a worse US outlook and data and rising
More information[ ] MACRO & MARKET COMMENTARY. » U.S. started the process to draft plans on a further $200 billion in Chinese
July 16, 2018 [ ] MACRO & MARKET COMMENTARY» U.S. started the process to draft plans on a further $200 billion in Chinese imports after tensions between the two largest economies in the world intensified,
More informationMONTHLY MARKET MONITOR (M 3 ) December 2015
MONTHLY MARKET MONITOR (M 3 ) December 2015 January 4th, 2015 THE LATEST MONTHLY MARKET RETURNS FROM THE RICHARDSON GMP TEAM GLOBAL MARKETS AT A GLANCE Americas Level 1mo 3mo 6mo 12mo YTD BRIC Level 1mo
More informationMONTHLY MARKET MONITOR (M 3 ) January 2016
MONTHLY MARKET MONITOR (M 3 ) January 2016 February 1st, 2016 THE LATEST MONTHLY MARKET RETURNS FROM THE RICHARDSON GMP TEAM GLOBAL MARKETS AT A GLANCE Americas Level 1mo 3mo 6mo 12mo YTD BRIC Level 1mo
More informationA recap of last week s top economic news and what s to come.
AGF INVESTMENTS September 5, 2017 A recap of last week s top economic news and what s to come. WEEKLY MARKET REVIEW CANADA REPORTS STRONG GDP GROWTH Canada s economy closed out the second quarter growing
More informationGlobal Markets Update QNB Economics 01 May 2016
Global Markets Update QNB Economics 1 May 16 Executive Summary Key Takeaways Weaker than expected US GDP led to lower US sovereign bond yields while better than expected Eurozone GDP led to higher European
More informationEconomic Data Release Calendar November 19, November 24, 2017
Economic Data Release Calendar November 19, 2017 - November 24, 2017 www.dailyfx.com research@dailyfx.com AUD 1.50% NZD 1.75% EUR 0.00% CAD 1.00% GBP 0.50% USD 1.25% CHF -0.75% JPY -0.10% Date Currency
More informationFed described the economy as "slow" and said employers remained reluctant to create jobs and Inflation "somewhat low.
08 Nov 2010 UNITED STATES The ISM manufacturing index rose to 56.9 in October from 54.4 in September, led by growth in autos, computers and exported goods. The ISM non-manufacturing index rose to 54.3
More informationUNITED STATES U.S. jobless claims fall 5,000 to 348,000. Applications for benefits at lowest level since February 2008.
26 Mar 2012 UNITED STATES U.S. jobless claims fall 5,000 to 348,000. Applications for benefits at lowest level since February 2008. U.S. home sales fell in February, but upward revisions to January's pace
More informationMarket Outlook 22 Jun - 28 Jun 2015
Highlight Treasury Division TMU 01 :(66) 2021 1111 TMU 02 :(66) 2021 1222 TMU 03 :(66) 2021 1333 Market Outlook 22 Jun - 28 Jun 2015 Last Week: The dollar depreciated against major peers as Dovish comment
More informationWeekly Bulletin July 25, 2016
Domestic markets under pressure... WEEKLY OUTLOOK After the failed coup attempt occurred on 15 th, selling pressure on the domestic markets intensified. Last week, decoupled from its peers, demand for
More informationWeekly Bulletin December 25, 2017
US tax overhaul legislation was enacted. WEEKLY OUTLOOK In the US, the House of Representatives and the Senate approved the legislation for tax cuts. Tax bill, which was signed by President Trump on Friday,
More informationThe Weekly Market View December
Markets take Fed rate hike in their stride After a year of sitting on their hands, the Fed raised interest rates for only the second time since the global financial crisis, by 25 basis points. Financial
More informationBank Austria Economics & Market Analysis Austria. Austrian Economy. August
Bank Austria Economics & Market Analysis Austria Austrian Economy August http://economicresearch-e.bankaustria.at Austrian Economy Author: Walter Pudschedl Imprint Published by UniCredit Bank Austria AG
More informationThe Weekly Market View Aug
Diverging expectations for central banks action across Atlantic Strong headline job data in the US pushed market expectations for September rate hike higher, as reflected through implied probabilities
More informationUNITED STATES: ISM VS INFLATION
Survey data released this week point to stronger US growth in September This doesn t stop core inflation from declining Bond and currency markets expect the FOMC to focus on the growth indicators How good
More informationEconomic Data Release Calendar February 25, March 2, 2018
Economic Data Release Calendar February 25, 2018 - March 2, 2018 www.dailyfx.com research@dailyfx.com AUD 1.50% NZD 1.75% EUR 0.00% CAD 1.25% GBP 0.50% USD 1.50% CHF -0.75% JPY -0.10% Date Currency Event
More informationA sudden drop in risk appetite
* A sudden drop in risk appetite The eruption of US equity market volatility, with global spillover effects, is a delayed reaction to a rather significant increase in bond yields since the second part
More informationBank Austria Economics & Market Analysis Austria. Austrian Economy. December
Bank Austria Economics & Market Analysis Austria Austrian Economy December http://economicresearch-e.bankaustria.at Austrian Economy Author: Walter Pudschedl Imprint Published by UniCredit Bank Austria
More informationNovember 27, A recap of last week s top economic news and what s to come
A recap of last week s top economic news and what s to come Canadian retail sales disappoint Canadian retail sales disappointed in September. Retail sales rose 0.1% in September, after dropping 0.1% in
More informationWeekly Bulletin January 9, 2017
Positive economic data in global markets WEEKLY OUTLOOK Global markets, which started the week quietly since US and Asian markets were closed on the first trading day, focused on PMIs, US non-agricultural
More informationForeign Exchange Rates. Key Global Indices. Straits Times 3, % 5.50%
Review for week ending 5 Sep 2014 Equities U.S. equities were midly higher for the week, despite a weaker than expected US labour repot. The Dow Jones Industrial Average, S&P 500 and Nasdaq gained 0.23%,
More informationCHART BOOK: FULL. 3 September 2018
CHART BOOK: FULL CONTENTS SA Inflation SA Interest Rates Global Interest Rates Debt Equity Geographic Equities Relative Equities Macroeconomics SA Macroeconomics Global Macroeconomics SA Property Rand
More informationWeekly Bulletin August 15, 2016
Mixed signals from US economy WEEKLY OUTLOOK Last week s data announced in the US gave mixed signals on the country s economy. Contrary to the expectations, productivity fell by 0.5% qoq in the Q2 for
More informationBEMO MONTHLY BULLETIN I EQUITY MARKETS
BEMO MONTHLY BULLETIN I EQUITY MARKETS GLOBAL EQUITY BENCHMARK INDICES Last Price MTD % YTD % 30D Vol World 1270.28 2.90% 1.29% -0.26% Developed 2153.1 3.05% 2.36% -0.40% Emerging 1087.46 1.68% -6.13%
More informationA recap of last week s top economic news and what s to come.
AGF INVESTMENTS September 11, 2017 A recap of last week s top economic news and what s to come. WEEKLY MARKET REVIEW BANK OF CANADA HIKES RATES ONCE AGAIN The Bank of Canada (BoC) held firm on its plans
More informationStronger manufacturing activity according to PMI. Bullish NZD Long NZD/USD. Monday 28/1/19 4:45 PM NZ Imports NZD Dec 5.25b 5.80b
TIER 1 DATA: VERY MARKET MOVING, TRADEABLE Day Date Time (EST) Country Conf Event Period Survey Previous Bull/Bear? Potential ST Trade Rationale MONDAY Monday 8/1/19 4:45 PM NZ Exports NZD Dec 5.50b 4.94b
More informationEconomic Data Release Calendar April 22, April 27, 2018
Economic Data Release Calendar April 22, 2018 - April 27, 2018 www.dailyfx.com research@dailyfx.com AUD 1.50% NZD 1.75% EUR 0.00% CAD 1.25% GBP 0.50% USD 1.75% CHF -0.75% JPY -0.10% MXN 7.50% Date Currency
More informationEconomic Data Release Calendar May 20, May 25, 2018
Economic Data Release Calendar May 20, 2018 - May 25, 2018 www.dailyfx.com research@dailyfx.com AUD 1.50% NZD 1.75% EUR 0.00% CAD 1.25% GBP 0.50% USD 1.75% CHF -0.75% JPY -0.10% MXN 7.50% Date Currency
More informationEconomic Data Release Calendar February 21, February 26, 2016
Economic Data Release Calendar February 21, 2016 - February 26, 2016 www.dailyfx.com research@dailyfx.com AUD 2.00% NZD 2.50% EUR 0.05% CAD 0.50% GBP 0.50% USD 0.50% CHF -0.75% JPY -0.10% Date Currency
More informationGlobal Markets Update QNB Economics 7 August 2016
Global Markets Update QNB Economics 7 August 2016 Executive Summary Key Takeaways US yields rose on strong jobs data, raising expectations of possible Federal Reserve action; Saudi rates increased on concerns
More informationBank Austria Economics & Market Analysis Austria. Austrian Economy. February
Bank Austria Economics & Market Analysis Austria Austrian Economy February http://economicresearch-e.bankaustria.at Austrian Economy Author: Walter Pudschedl Imprint Published by UniCredit Bank Austria
More informationEconomic Data Release Calendar March 17, March 22, 2019
Economic Data Release Calendar March 17, 2019 - March 22, 2019 www.dailyfx.com research@dailyfx.com AUD 1.50% NZD 1.75% EUR 0.00% CAD 1.75% GBP 0.75% USD 2.25-2.50% CHF -0.75% JPY -0.10% MXN 8.25% Date
More informationJ UNE 7, INDEX LAST CHANGE % CHANGE ASIA/PACIFC. Nikkei , % Hang Seng 31, %
The dollar weakened this morning against most of its major peers on G-7 summit speculation and the euro has extended its recent monetary policy backed rally. European and Asian shares advanced and U.S.
More informationThe Weekly Market View June
Largely a peaceful week after a stormy period Sanity seems to be restored in European sovereign bond market last week after a period of upheaval in the prior week. Sovereign yields in Germany, Italy, Spain
More informationBEMO WEEKLY INSIGHTS I EQUITY MARKETS
BEMO WEEKLY INSIGHTS I EQUITY MARKETS INTERNATIONAL MARKETS INDICES Last Price WTD % YTD % 10D Vol World 1254.82-0.83% 0.06% -0.27% Developed 2110.80-0.93% 0.35% -0.10% Emerging 1136.62 0.01% -1.88% -0.37%
More informationMarkets Overview Pulse Economic scenario
Growth in 2017 has surprised to the upside The global, self-sustained upswing and a still accommodative monetary environment should lead to even faster growth in 2018 The prospect of further monetary policy
More informationGlobal Markets Update QNB Economics 12 March 2017
Global Markets Update QNB Economics 12 March 2017 Executive Summary Key Takeaways US yields rose on a highly likely Fed rate hike this week; Eurozone yields rose after the ECB president lowered expectations
More informationBEMO MONTHLY BULLETIN I EQUITY MARKETS
BEMO MONTHLY BULLETIN I EQUITY MARKETS A mixed month ensued for U.S equities with a mix of political and economic factors contributing to the volatility. While the Democratic majority win in Congress and
More informationTHE MARKET INDEX
THE MARKET INDEX Data starts 30/06/06 Data ends 21/03/14 Risk Level 13 Week 2% Month 2% Year 1% Risk Index Components Prior Week 14/03/14 Risk Index Chart Week Prior Delta 1 3m Libor 3m Treasuries 0,19%
More information