Banks
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USD/BRL: High carry keeps Real in focus – ING
ING’s Chris Turner calls Brazil one of his preferred emerging markets, citing strong terms of trade, buoyant equities and expectations of 100bp…
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NZD/USD: Market pricing aggressive RBNZ tightening path – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports NZD/USD has rebounded toward 0.6000 on broad US Dollar (USD) weakness, nearly erasing…
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Fed: Warsh’s challenge and Q4 cuts – BNY
BNY’s John Velis reviews the April Federal Open Market Committee (FOMC), highlighting four dissents against the easing bias and implications…
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EUR/GBP: Political strains and BoE doubts – Commerzbank
Commerzbank’s Michael Pfister argues that recent strength in the Pound (GBP) is unlikely to last, as ambitious Bank of England…
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AUD/USD: Consolidation risk after RBA pause – Societe Generale
Societe Generale strategists note AUD/USD has pulled back after the Reserve Bank of Australia (RBA) delivered a third 25bp hike to 4.35%…
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EUR/USD: Gas risks threaten fair value – ING
ING’s Chris Turner warns that higher natural gas prices could become a fresh headwind for the Euro (EUR). He reiterates ING’s view…
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Gold – Range trade persists amid mixed drivers – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong describe Gold as consolidating after rebounding from 4510, with high Oil prices still complicating…
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USD: Downward correction extends as policy diverges – DBS
DBS Group Research economist Philip Wee expects the Dollar’s April weakness to persist into May, as the USD’s earlier two-month…
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S&P 500: Cash deployment versus dip buying – BNY
BNY’s Bob Savage notes that April’s 10% S&P 500 surge, the strongest in 33 years, reversed a prior defensive rotation…
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Oil: Market steadier as Hormuz risks persist – ING
ING analysts Warren Patterson and Ewa Manthey say the Oil market has stabilised after a volatile week driven by concerns…
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