SPAIN’S ENERGY MINISTER: EU MEMBERS COULD REACH AN AGREEMENT ON NATURAL GAS ON TUESDAY Spain’s Energy Minister Teresa Ribera said in a statement that she expects the European Union (EU) member countries to reach an agreement on natural gas during...
SPAIN’S ENERGY MINISTER: EU MEMBERS COULD REACH AN AGREEMENT ON NATURAL GAS ON TUESDAY Spain’s Energy Minister Teresa Ribera said in a statement that she expects the European Union (EU) member countries to reach an agreement on natural gas during...
EM THEMES AND HIGHLIGHTS OF THE WEEK – TDS Analysts at TD Securities (TDS) offer their outlook on the EM currencies and the main underlying theme impacting them this week. KEY QUOTES “The trend remains for richer G-spread curves...
EUR/USD STAYS VIGILANT ABOVE 1.0200 AHEAD OF US DATA EUR/USD alternates gains with losses above 1.0200. Investors look cautious ahead of key US data and the Fed event. US Conference Board’s Consumer Confidence takes centre stage later. EUR/USD exchanges...
GBP/USD FALLS TOWARDS 1.2000 AS USD CRAWLS HIGHER AHEAD OF DATA GBP/USD returns to the red as the US dollar sees resurgent demand. Lack of UK political news and risk-off flows weigh on cable. The pair recaptures 21 DMA...
FED GATHERS FOR ANOTHER 75 BPS HIKE – RABOBANK Philip Marey, Senior US Strategist at Rabobank offered a brief overview of the upcoming FOMC monetary policy decision on Wednesday. The US central bank is all but set to hike...
SOUTH KOREA Q2 GDP: CURRENT MOMENTUM WON’T LAST – ANZ Analysts at Australia and New Zealand (ANZ) banking group offer their afterthoughts on the South Korean Q2 Preliminary GDP release. KEY QUOTES “South Korea’s preliminary Q2 GDP showed a...
GERMANY AND ITALY TO LEAD EURO AREA CONTRACTIONS – CREDIT SUISSE “Euro area growth is expected to be hit further by Russian gas worries, with the biggest contractions expected in Germany and Italy,” Credit Suisse economists noted, adding that...
GERMANY’S BAERBOCK: EU WILL NOT BE DIVIDED BY GAS CUTS German Foreign Minister Annalena Baerbock responds to the reduced gas flow from Russia and the coordinated effort by the EU members to ward off the crisis. KEY QUOTES “We...
FED PREVIEW: POWELL TO BE LESS SANGUINE ABOUT GROWTH OUTLOOK – ANZ Analysts at Australia and New Zealand (ANZ) banking group “expect the Fed to hike by 75bp at its meeting this week.” Also read: Fed Preview: Dollar’s fate hinges on Powell’s...
GOLD PRICE FORECAST: XAU/USD SURRENDERS INTRADAY GAINS AMID MODEST USD STRENGTH Gold struggled to preserve its modest intraday gains amid the emergence of some USD buying. The prospects for a more aggressive major central banks also acted as a...