• Yesterday, Saudi Arabia’s oil minister said he is confident that the November output-cut deal between major producers will be extended into the second half of the year, and possibly beyond....
• During the early Asian session Thursday, the RBNZ will announce its rate decision. The forecast is for the officials to take no action again. The Bank kept the door for further easing open when...
• Today, it’s “Super Thursday” in the UK. That means that besides the BoE rate decision and the meeting minutes, we will also get the quarterly Inflation Report, which Governor Carney will present...
• On its second “Super Thursday” of the year, the BoE kept its policy unchanged via a 7-1 vote, in line with the consensus. The lone dissenter was Forbes again, who voted for a hike, but...
• Oil prices surged earlier today, following reports that Saudi Arabia and Russia have agreed to extend November’s oil-output cut until March 2018, a 9-month extension from the 6 months widely...
• The minutes of the latest RBA policy meeting contained no surprises and more or less reflected the meeting statement. There was little in the minutes to suggest that there may be a change in...
• The greenback extended its recent losses yesterday, amid renewed political turmoil in Washington DC. The latest media reports suggest that President Trump asked former FBI Director Comey to drop...
• The US dollar continued to collapse yesterday, with the USD index reaching its lowest level since November amid heightened uncertainty on the US political front. The recent media reports...
• The greenback rebounded yesterday helped by a video clip of former FBI Director Comey’s testimony on the 3rd of May. Under oath, Comey suggested that there had been no obstructions to FBI...
• The Bank of Canada is expected to stand pat once again. We see the case for policymakers to shift to an even more cautious tone than previously, in light of the recent tariffs from the US.