MARKET INSIGHTS

Week Ahead | May 29th – June 2nd | US employment report, Eurozone inflation prints, other key data in focus | 29/05/2017

• In the US, the final employment report before the Fed’s June meeting could add the finishing touch to market expectations regarding a hike at that gathering.

• In Eurozone, CPI data for...

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Daily Commentary | Oil prices drop on a “buy the rumor, sell the fact” trade | 26/05/2017

• Yesterday, OPEC and non-OPEC producers concluded their meeting in Vienna, agreeing to extend the duration of the November output-cut deal by 9 months at the previous volume of 1.8 mbpd. However...

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Daily Commentary | OPEC and non-OPEC meeting: Extension, deeper cuts, or both?  | 25/05/2017

• Today, the highly anticipated meeting between major OPEC and non-OPEC oil producers will take place in Vienna. Recent comments from the oil ministers of Saudi Arabia and Russia suggest they have...

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Daily Commentary | Is the Bank of Canada going to shift to a dovish bias?  | 24/05/2017

• Today, all eyes will be on the Bank of Canada rate decision. The forecast is for the Bank to remain on hold once again. Policymakers maintained a neutral to dovish tone the last time they met,...

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Daily Commentary | Euro climbs further after Merkel says it’s “too weak” | 23/05/2017

• The common European currency extended its recent gains yesterday, following some remarks from German Chancellor Angela Merkel. Speaking about the causes of Germany’s large trade surplus, she...

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Daily Commentary | Trump vs US dollar: Round 3 | 22/05/2017

• The US dollar crashed yesterday, after US President Trump jawboned the currency once again, indicating that the greenback is “getting too strong”, and that he would prefer the Fed to keep...

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Daily Commentary | Turkey’s constitutional referendum: Too close to call? | 22/05/2017

• On Sunday, Turkish citizens will head to the polls to vote on constitutional changes that could greatly expand the executive powers of President Erdogan. The referendum will ask the question of...

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Daily Commentary | Erdogan declares referendum victory | 22/05/2017

• On Sunday, Turkish people voted “yes” in a referendum asking on whether to turn Turkey from a parliamentary to a presidential republic. The referendum approval grants President Erdogan sweeping...

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Daily Commentary | RBA minutes reflect the meeting statement | 22/05/2017

• Overnight, the Reserve Bank of Australia released the minutes from its latest policy meeting. The minutes reflected more or less the meeting statement, highlighting the softness in labor market...

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Daily Commentary | UK Prime Minister calls for a snap election | 22/05/2017

• Yesterday, in a surprise for the markets move, British PM Theresa May announced that she will seek an early election on June 8th in order to strengthen her hand going into the UK-EU divorce...

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