Financial News

U.S. home price appreciation slows slightly in April, likely to continue rising at stable pace

Appreciation of U.S. home price moderated in April. The S&P CoreLogic Case-Shiller 20-city Home Price Index was up 0.3 percent sequentially in April. This was lower than consensus expectations of a rise of 0.5 percent.

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FxWirePro: INR and ZAR only bright spot among BRIC FX space, BRL and RUB vulnerable amid lingering political turmoil and crude price slumps

In EM, we remain MW FX overall and neutral in LATAM and EMEA, with small OW in EM Asia. We hold relative value long TRYZAR, and stay UW RUB vs OW TRY

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FxWirePro: DXY trims gains, VXY too low for fair value as FX markets bet on FOMCs next move - Modest recovery for FX vols in H22017

The dollar index (DXY) was pulled back (-0.54% at the time of articulating) after a steady start to the week by a weaker than expected reading for durable goods orders amid fresh uncertainty surrounding the Fed’s tightening plans.

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Riksbank likely to brush aside strong economy, to stay sidelined at July meet

Riksbank (Sweden's central bank) meets on July 4th to decide monetary policy and we believe there is unlikely to be any change in either interest rates or forward guidance. The Riksbank is likely to look through strong Swedish economy.

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FxWirePro: Two crucial euro trades amid ECB forum and series of data streaks Stay long hedged as duos to hit upper ceiling

In this write-up, we emphasize that EUR-cross vols and correlations should cool as data and price momentum rotates away from the Euro. Buy EURUSD vs. EURPLN vol spreads and sell EURNOK – EURSEK correlations.

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