Chinese bond market shrugs off Huarong’s woes
Huarong has seen the biggest widening in yield spread over sovereign bonds among issuers on the Bloomberg Barclays Liquid China Credit Index.
ESG, smart-beta growth put flow record in grasp of Europe’s ETPs
European ETPs should easily surpass 2019’s record inflows of 110 billion euros, we believe, after taking in 80 billion in this year’s first five months.
US Dollar Technical Analysis: USD/SGD, USD/THB, USD/IDR, USD/PHP
The US Dollar steadied against most ASEAN currencies this past week. Key support levels remain in play looking at USD/SGD, USD/THB and USD/PHP. USD/IDR may rise with a new trendline.
Australian Dollar Analysis: AUD/USD to Rise on Chinese Trade Data?
The commodity-linked Australian Dollar may look to run higher if Chinese trade data impresses after Australia’s Ai Group Services Index posted an expansion for May.
Markets Week Ahead: Dow Jones, Gold, Canadian Dollar, BoC, Euro, ECB, US CPI
The Dow Jones ended on an upbeat as the US Dollar and Treasury yields weakened. Ahead, the Canadian Dollar and Euro are eyeing the BoC and ECB respectively. Will gold prices weaken on the US CPI re…
Weekly Technical US Dollar Forecast: Rally Fizzling, Bears Retaking Control
The US Dollar (via the DXY Index) saw all of its weekly gains evaporate following the May US nonfarm payrolls report as US Treasury yields receded.
Nasdaq 100 Forecast: Is the Market Prepared for Fed Tapering Stimulus?
The Nasdaq 100 index limped into the weekend in a sour mood, as robust jobs reports reignited fears about Fed tapering stimulus. The tech sector may be under further pressure if this narrative stre…
Euro Forecast: EUR/USD Price Outlook Stable, ECB Tapering on Back Burner
For Euro traders the week ahead will be dominated by the ECB meeting that ends Thursday but any hopes for clarity on when the Eurozone central bank will start tightening monetary policy will likely…
British Pound Technical Forecast: GBP/USD, GBP/JPY, EUR/GBP
GBP/USD set a fresh three-year-high but promptly pulled back to continue in the range that’s been in-play over the past few weeks.
Gold Price Outlook: XAU/USD at Risk to US CPI Beat Before June Fed Rate Decision
Gold prices were slightly scarred this past week, leaving XAU/USD at risk to a beat in US inflation data next. However, follow-through may have to wait until the Fed rate decision.