Rates as of 0630 GMT Market Recap Well, I got it part of it right the RBNZ did indeed raise the Official Cash Rate OCR by 50 bps, as I thought they would, and for exactly the reason I thought they would The Committee agreed that their policy path of least regret is to increase […]

MSCI World Index flat; Asia exJapan index up 0.6 Oil slips back on weak China, Japan data UK inflation hits 30year peak; NZ hikes rates LONDON, April 13 Reuters Global shares were little changed on Wednesday, pausing after a sixday slump amid a mixed inflation picture, while floundering peace talks between Russia and Ukraine kept […]

FRANKFURT, April 13 Reuters The volumes of EEX39;s flagship power and gas futures products rose sharply in the first quarter of 2022, the European Energy Exchange said on Wednesday, adding that it expected 2022 volume growth and financial results to past year39;s figures. Our goal is to continue the growth of the EEX Group in […]

The Dollar is correcting on Thursday morning, losing around 1 from Wednesdays peak, when the dollar index rose to its highest since May 2020. It has caught our attention that Gold and the Dollar have been moving in tandem since the start of the year. A historically rare and shortlived combination that has only intensified […]

Todays meeting did not satisfy the expectation that the ECB could lend a helping hand to the euro by keeping it from plunging off a cliff. Europe has refused to accelerate monetary policy normalisation as most G7 countries have. Currency market dynamics are always a comparison of relative strength. With a bigger blow to the […]

Rates as of 0630 GMT Market Recap Interesting contrast! Tuesday the Reserve Bank of New Zealand RBNZ hiked by 50 bps instead of the 25 bps that economists were expecting and NZD weakened anyway. Yesterday the Bank of Canada hiked 50 bps as was widely expected and CAD strengthened USDCAD declined. The difference is what […]

April 14 Reuters The Russian rouble weakened on Thursday, driven by expectations that Russia may relax its temporary capital control measures further, while stocks fell as the country continued what it calls a special military operation in Ukraine. The Russian central bank is considering easing requirements for mandatory foreign currency revenue sales by exportfocused companies, […]

TOKYO, April 15 Reuters The dollar rose to a twodecade peak against the yen and kept close to a twoyear high to the euro on Friday, as more hawkish comments from Federal Reserve officials reinforced expectations for faster U.S. policy tightening. The greenback was 0.43 higher at 126.40 yen after earlier reaching 126.56 for the […]

Rates as of 0600 GMT Market Recap Another day of monetary policy divergence. The European Central Bank ECB met yesterday and did exactly what was expected of them, i.e. nothing. They confirmed and somewhat strengthened their commitment to end net asset purchases in Q3 but thats about all. By contrast, several Fed speakers made comments […]