EUROZONE ISSUANCE: EGB Supply: W/C 7 July (1/2)
Jul-04 14:50
The EU is scheduled to hold a syndication in the upcoming week with the Netherlands, Austria, German...
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BOC: ECONOMY STILL SOMEWHERE BETWEEN ITS TWO TARIFF SCENARIOS
Jun-04 14:49
- BOC: ECONOMY STILL SOMEWHERE BETWEEN ITS TWO TARIFF SCENARIOS
- BOC'S MACKLEM SAYS HIGHER CORE PRICES `HAS GOT OUR ATTENTION'
CANADA: USDCAD Reaches Fresh Cycle Lows, BOC Presser Ongoing
Jun-04 14:43
- Weakness for the greenback following weaker-than-expected US ADP and ISM services prints continues to dictate general sentiment across the G10 FX space on Wednesday, although a moderately hawkish lean to the BOC decision is providing an additional tailwind for the Canadian dollar.
- As noted, the communications kept the door open to a cut but not emphatically (Gov Macklem's opening statement: "We also discussed the path ahead for the policy interest rate. Here, there was more diversity of views.”
- As such, USDCAD reaches fresh cycle lows below 1.3675 in recent trade, keeping bearish technical conditions firmly intact for the pair.
- Sights are on 1.3643 next, the Oct 9 low/Sep high. Below here, attention will be on 1.3579, the 1.5 Fibonacci projection of the Feb 3 - 14 - Mar 4 price swing, before the September lows at 1.3420 will garner attention.
GILT AUCTION PREVIEW: On offer next week
Jun-04 14:40
The DMO has announced it will be looking to sell GBP4.25bln of the 4.50% Mar-35 Gilt (ISIN: GB00BT7J0027) at its auction next Wednesday, June 11.
