MARKET INSIGHTS

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 | BoC meeting: Still dovish despite progress in economic data?  | 22/05/2017

• Today, all eyes will be on the Bank of Canada rate decision. Expectations are for the Bank to remain on hold once again. The BoC has maintained a concerned tone recently. At the press conference...

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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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Daily Commentary | New Zealand’s inflation accelerates above the RBNZ’s target midpoint | 22/05/2017

• Overnight, New Zealand’s CPI rate for Q1 surged to +2.2% yoy from +1.3% in Q4. This was the first time in 5 years inflation propped above the midpoint of the RBNZ’s inflation target range of 1-3...

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Daily Commentary | French elections: Round 1 | 22/05/2017

• On Sunday, French citizens are called to elect their government leader, but the final outcome is unlikely to be sealed on that day. According to the opinion polls, there is no candidate gaining...

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Daily Commentary | French election: Macron and Le Pen advance to the second round | 22/05/2017

• The euro opened with a large positive gap against its major peers on Monday, following the outcome of the first round of the French presidential election. The two candidates that qualified for...

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